Financial parametersCAPACITY OF STATION(MW)No of 660 Mw setTarget availability(%)CAPITAL COST ADDITIONAL CAPITILIZATION if any after CODFERVLand costNormative ROE(%)Equity(%) Interest rate as per SBI PLR on 1-04-04 on working capitalRate of depressionWt. average Interest rate Repayment period(yr)O&M COST FOR 660 MW SET(Cr/MW)

Normative OPERATIONAL PARAMETERSHR of 660 MW UnitHR of 200 MW Unit

APC of 660 MW UnitAPCof 200 MW UnitGross Station HRGCV of coal GCV of oilSp.Oil(ML/KWH)Hr due to oilHR due to coalPrice of coal (Rs/MT)-Landed Wt. average for coal procured preceeding 3 monthsPrice of Oil (Rs/kl)-Landed Wt. average for oil procured during prceeding 3 monthsAPC

FIXED COST2004-05 2005-06 2006-07 2007-08 2008-09

1299.31 1268.22 1233.37 1198.76 1164.29FIXED

COST(Cr)

13202

855280

00

296.923.5

3010.25

7.2810.5

100.117

23502500

5.52350.00

350010000

110

2340.00Price of coal (Rs/MT)-Landed Wt. average for coal procured preceeding 3 months 1500Price of Oil (Rs/kl)-Landed Wt. average for oil procured during prceeding 3 months 30214

5.5

CALCULATION OF FIXED CHARGES

CAPITAL COST SPARES COST(2.5% of capital cost at the time of COD)ADDITIONAL CAPITILIZATION IF ANYFERV

CAPITAL COST INCLUDING ADDITIONAL CAPITILIZATION , FERV AND SPARESNormative Equity(%) Capital employed=total capital cost*EquityLoan

1. Return on equity(ROE)Normative ROE(%)Normative Equity(%) Capital employed=total capital cost*EquityROE in rupees =( Normative ROE*Capital employed)/100

2009-10 2010-11 2011-12ROE 393.17145 393.17145 393.17145

2.Depreciation90% of gross depreciable value excluding land costTotal capital costland cost gross depreciable value excluding land cost Total Depreciation during whole life Total Depreciation will be recovered in the span of 25 yr.Depression for the year

2009-10 2010-11 2011-12

DEPRECIATION 384.384 384.384 384.384

3.LOAN ON CAPITAL COST

2009-10 2010-11 2011-12OPENING LOAN 3903.83 3513 3123REPAYMENT 390 390 390Closing loan 3513 3123 2733

3708.6385 3318.2555 2927.8725

Wt average interest rate 10.5 10.5 10.5Loan on capital cost 389.41 348.42 307.43

4. AAD (Advance against depreciation)

AAD= Loan repayment amount subjected to a ceiling of 1/10th of loan amount –depreciation AAD= Loan repayment amount subjected to a ceiling of 1/10th of loan amount –depreciation Loan repaymentLoan repayment

DepreciationDepreciation

AADAAD

2009-10 2010-11 2011-12

AAD 0 0 0

4.O&M COSTO&M COST FOR 200/210 MW SET(Cr/MW)O&M COST FOR 500 MW SET(Cr/MW)

For combination of the set,wt average will be taken.2009-10 2010-11 2011-12

O&M COST 117 121.68 126.55

5.Interest on working capital

a- Cost of coal for 2.0 months corresponding to target availability

Target availability(%)Generation corrsponding to Target availability(mu) PER DAYGCV of coal Gross station heat rateHR due to coalSp. Coal Coal requirement for 1 day(MT)Coal requirement for 2.0 months(MT)Price of coal (Rs/MT)-Wt. average for coal procured preceeding 3 months

Net Average loan= Average of opening and closing loan

Cost of coal for 2.0 months corresponding to target availability

2009-10 2010-11 2011-12Cost of coal 121.52 121.52 121.52

b- Cost of oil for 2.0 months corresponding to target availability

Sp. OILOil requirement for 1 day(kl)Coal requirement for 2.0 months(KL)Price of Oil (Rs/KL)-Wt. average for Oil preceeding 3 monthsCost of Oil for 2.0 months corresponding to target availability

2009-10 2010-11 2011-12Cost of oil 4.88 4.88 4.88

c- O&M ExpencesI month o&m expences corresponding to respective year

2009-10 2010-11 2011-12

117.00 121.68 126.55

9.62 10.00 10.40

d- Spares

2009-10 2010-11 2011-12Spares 23.40 24.34 25.31

e- ReceivablesTwo months variable cost + 2months Fixed cost corresponding to target availabilityAPC(MU)NET ESO

NET ESO Corresponding to target availability/DAY2009-10 2010-11 2011-12

Varible charges(Rs/Kwhr1.093 1.093 1.093

O&M Expences for the year

O&M Expences for 1 month

166.91 166.91 166.91

Fixed charges(Rs/Kwhr 1.399 1.365 1.328

213.58 128.47 125.41

RECEIVABLES 380.50 295.38 292.32

Total working capital=a+b+c+d+e

2009-10 2010-11 2011-12Total working capital 539.92 456.12 454.44

10.25 10.25 10.25

55.34 46.75 46.58

Cost of Secondry oil Fuel2009-10 2010-11 2011-12

Cost of Sec fuel 29.6964946 29.696495 29.696494608

Annual Fixed Charge

2009-10 2010-11 2011-12

1. Return on equity(ROE)393.17 393.17 393.17

2.Depreciation 384.38 384.38 384.383.Interest on loan 389.41 348.42 307.434.O&M COST 117.00 121.68 126.55

55.34 55.34 55.346.Cost of Sec fuel 0.00 0.00 0.007.Sp allowance 0.00 0.00 0.00AFC 1339.30 1302.99 1266.87

F.C. Cost per unit(Rs/Kwhr 1.363 1.33 1.29

Varible charges for 2 MONTH corresponding to target availability

Fixed charges for 2 months corresponding to target availability

Interest rate as per SBI PLR on 1-04-04

INTEREST ON WORKING CAPITAL

5.Interest on working capital

Cost at 3 lack/bigha 1.329 1.285 1.250

Cost at 5 lack/bigha 1.336 1.29 1.26

Cost at 13 lack/bigha 1.358 1.31 1.28Increase w.r.t 3 lack/bigha 0.007 0.01 0.01Increase w.r.t 3 lack/bigha 0.029 0.03 0.03

0.034

31.6812

5576.9139.4225

00

CAPITAL COST INCLUDING ADDITIONAL CAPITILIZATION , FERV AND SPARES 5576.930

1673.073903.83

23.530

1673.07393.17145

2012-13 2013-14393.17145 393.17145

5576.9296.952804752

Depression for the year 384.384

2012-13 2013-14

384.384 384.384

2012-13 2013-142733 2342390 390

2342 1952

2537.4895 2147.1065

10.5 10.5266.44 225.45

AAD= Loan repayment amount subjected to a ceiling of 1/10th of loan amount –depreciation AAD= Loan repayment amount subjected to a ceiling of 1/10th of loan amount –depreciation 390

384.384

6

2012-13 2013-14

0 0

0.1820.117

2012-13 2013-14131.61 136.87

a- Cost of coal for 2.0 months corresponding to target availability

8526.928

3500235023400.669

18003810148

Price of coal (Rs/MT)-Wt. average for coal procured preceeding 3 months 1500

121.52739.26015 741.285525

2012-13 2013-14121.86 121.52

b- Cost of oil for 2.0 months corresponding to target availability

127

161630214

4.88

2012-13 2013-144.88 4.88

2012-13 2013-14

131.61 136.87

10.79 11.25

2012-13 2013-1426.32 27.37

Two months variable cost + 2months Fixed cost corresponding to target availability1.7424

29.9376

25.446962012-13 2013-14

1.093 1.093

166.91 166.91

1.291 1.254

122.38 119.38

289.29 286.29

Total working capital=a+b+c+d+e

2012-13 2013-14453.14 451.32

10.25 10.25

46.45 46.26

Cost of Secondry oil Fuel2012-13 2013-14

29.696494608 29.696495

2012-13 2013-14

393.17 393.17 525.00384.38 384.38266.44 225.45131.61 136.87

55.34 55.340.00 0.000.00 0.00 13

1230.94 1195.22

1.25 1.22

1.215 1.180

1.22 1.19

1.24 1.200.01 0.010.02 0.02

Singrauli FY08 FY09 New ChangeInterest on loan 6 5 5 0IOWC 40 40 56 16Depr 0 0 0 0ROE 82 82 137 55O&M Cost 222 231 314 83AAD 0 0 0 0Cost of Oil 45 45Spl Allwance 13 13Total 350 358 570 212 167

Rihand-I FY08 FY09 New ChangeInterest on loan 0 0 0 0IOWC 25 25 34 9Depr 42 42 43 1ROE 166 166 280 114O&M Cost 105 105 132 27AAD 0 0 0 0Cost of Oil 16 16Spl Allwance 3.5 3.5Total 338 338 509 170.5 154.5

Rihand-II FY08 FY09 New ChangeInterest on loan 117 104 104 0IOWC 30 30 37 7Depr 95 95 106 11ROE 111 111 186 75O&M Cost 105 109 132 23AAD 73 76 0 -76Cost of Oil 16 16Spl Allwance 0Total 531 525 581 56 40

Unchahar-I FY08 FY09 New ChangeInterest on loan 0 0 0 0IOWC 15 15 22 7Depr 10.3 10.3 10.2 -0.1ROE 66 66 111 45O&M Cost 49 51 73 22AAD 0 0 0 0Cost of Oil 11 11Spl Allwance 0Total 140.3 142.3 227 84.9 73.9

Unchahar-II FY08 FY09 New ChangeInterest on loan 10.2 8.1 8.1 0IOWC 15 15 23 8

Depr 48 48 68.0 20ROE 55 55 92 37O&M Cost 49 51 73 22AAD 0 6.6 0 -6.6Cost of Oil 11 11Spl Allwance 2.67 2.67Total 177.2 183.7 278 94.07 83.07

Unchahar-III FY08 FY09 New ChangeInterest on loan 38.8 35.5 32 -3.5IOWC 9 9 11.5 2.5Depr 27 27 35.35 8.35ROE 31 31 53 22O&M Cost 24.5 25.6 36 10.4AAD 7 20 0 -20Cost of Oil 5.7 5.7Spl Allwance 0 0Total 137.3 148.1 174 25.45 19.75

TANDA FY08 FY09 New ChangeInterest on loan 12.38 7.92 2.9 -4.9896IOWC 19.9 19.95 23 3.05Depr 28 28 28 0ROE 33.39 33.39 56 22.61O&M Cost 82.39 85.69 105 19.31AAD 0 0 0 0Cost of Oil 16 16Spl Allwance 1.5 1.5Total 176.06 174.95 232 57.48 41.48

TOTAL NR 700.23 579.53 <----- Excluding cost of oil

Rs CrFY08 FY09 New Change

Singrauli 350 358 570 212Rihand-I 338 338 509 171Rihand-II 531 525 581 56Unchahar-I 140 142 227 85Unchahar-II 177 184 278 94Unchahar-III 137 148 174 25TANDA 176 175 232 57

TOTAL NR 1850 1870 2570 700Excluding Cost of oil 580

6856.344

35.3533

1041.3

69065700.425 35626

334392780

12.02842

<----- Excluding cost of oil

OPERATIONAL PARAMETERSGross Station HRGCV of coal GCV of oilSp.OilHr due to oil=GCV of oil*Sp. OilHR due to coal=Gross station heat rate- heat rate due to OilPrice of coal (Rs/MT)-Wt. average for coal procured during 3 MONTHSPrice of Oil (Rs/kl)-Wt. average for oil procured during prceeding 3 monthsAPC

Total costTotal V.C. cost ex bus(ESO)

Cost of Oil = Hr due to oil( kCal/kWh) x Price of oil( Rs./Litre) / Gcv of oil( kCal/ lite)

Cost of coal = Hr due to coal( kCal/kWh) x Price of coal( Rs./MT) / Gcv of COAL( kCal/ lite)

23503500

100001

1023401500

302145.5

0.03021 Rs/kwhr

1.00286 Rs/kwhr

1.03307 Rs/kwhr1.093 Rs/kwhr