MAHARASHTRA EASTERN GRID POWER TRANSMISSION COMPANY LIMITED
Achalraj Building, Opposite Mayor’s Bungalow, Law Garden
Ahmedabad 380 006, Gujarat, India
Website: www.megptcl.com
PUBLIC NOTICE
Suggestions /Objections on
Maharashtra Eastern Grid Power Transmission Company Limited’s (MEGPTCL) Petition for
approval of Aggregate Revenue Requirement and determination of Multi-Year Tariff for Second
Control Period from FY 2013-14 to FY 2015-16
(Case No. 66 of 2014)
1. M/s Maharashtra Eastern Grid Power Transmission Company Limited (MEGPTCL) has filed a
Petition before the MERC, under provisions of Sections 61 and 62 of the Electricity Act, 2003
read with Regulations 16, 18 and Part G of the Maharashtra Electricity Regulatory Commission
(Multi Year Tariff) Regulations, 2011 for approval of Aggregate Revenue Requirement and
determination of Multi-Year Tariff for Maharashtra Eastern Grid Power Transmission Company
Limited for the Second Control Period from FY 2013-14 to FY 2015-16, with the following
main prayers:
"
a) Admit the present petition.
b) Approve Aggregate Revenue Requirement (ARR) of MEGPTCL for the second control
period as submitted herewith.
c) Allow timely recovery of ARR for FY 2013-14 from the date of Commercial Operation
through Order for this petition/any other Order/Transmission Tariff Order for InSTS or
any other mechanism as deemed fit by the Commission.
d) Allow recovery of ARR with carrying cost for the corresponding period in case of any
delay in recovery of transmission charges beyond the CoD of the transmission line/ its
network elements.
e) Condone any inadvertent omissions/errors/shortcomings and permit MEGPTCL to
add/change/modify/alter this filing and make further submissions as may be required at
a future date.
f) Allow any other relief, order or direction, which the Hon’ble Commission deems fit to
be issued.
g) Pass such further orders, as the Hon’ble Commission may deem fit and appropriate,
keeping in view the facts and circumstances of the case.”
2. The Maharashtra Electricity Regulatory Commission (MERC) had granted Transmission
License (License No. 1 of 2010) dated 21 September, 2010 for a period of 25 years to
MEGPTCL to establish, operate and maintain a 765 kV Intra State Transmission system
comprising 2 x 765 kV Single Circuit(S/C) Tiroda – Koradi III –Akola II– Aurangabad
(MSETCL) transmission lines along with associated substations & bays (hereinafter referred to
as 765 kV Transmission System) for evacuation of power from upcoming generation projects in
North-Eastern Maharashtra.
3. The licence authorizes MEGPTCL to establish and operate the following transmission lines,
substations, bays and equipment inclusive of related infrastructure:
(a) Details of Transmission Lines:
 Tiroda-Koradi – III 765 kV S/C Line-1 (120 Kms)
 Koradi-III - Akola –II 765 kV S/C Line-1 (270 Kms)
 Akola-II – Aurangabad 765 kV S/C Line-1 (240 Kms)
 Tiroda-Koradi –III 765 kV S/C Line-2 (120 Kms)
 Koradi-III- Akola –II 765 kV S/C Line-2 (270 Kms)
 Akola-II – Aurangabad 765 kV S/C Line-2 (240 Kms)
 Akola-II – Akola-I 400 KV Quad D/C Line (30 Kms)
(b) Details of Substations:
(i) Establishment of 765/400 kV Switchyard at Tiroda
 1 × 1500 MVA, 765/400 kV Power Transformer with bays on either side.
(4 × 500 MVA, 1 ph units providing 1 × 1500 MVA bank with one spare unit)
 2 nos. of 765 kV line bays.
(For Tiroda – Koradi – III, 2 × S/C 765 kV Lines)
 2 × 240 MVAR, 765 kV switchable line reactors.
(7 × 80 MVAR, 1 ph units providing 2 × 240 MVAR banks with one spare unit for
Tiroda – Koradi – III, 2 × S/C 765 kV Lines)
 Space for 1 number 765 kV bay (for future use)
(ii) Establishment of 765/400 kV Substations at Koradi-III
 2 × 1500 MVA, 765/400 kV Power Transformers with bays on either side.
(7 × 500 MVA, 1ph units providing 2 × 1500 MVA bank with one spare unit)
 4 × 240 MVAR, 765 kV switchable line reactors.
(14 × 80 MVAR, 1 ph units providing 4 × 240 MVAR banks with two spare units
for Tiroda – Koradi – III and Koradi –III- Akola II 2 × S/C 765 kV Lines)
 1 × 240 MVAR, 765 kV switchable bus reactor.
(4 × 80 MVAR, 1 ph units providing 1 × 240 MVAR banks with one spare unit)
 4 nos. of 765 kV line bays.
(For Tiroda – Koradi –III and Koradi –III- Akola II 2 × S/C 765 kV Lines)
 4 nos. of 400 kV line bays
(For Koradi-III- Koradi-II and Koradi-III- Kharperkheda D/C 400 kV lines)
 Space for 2 nos. of 765 kV line bays. (for future use)
 Space for 2 nos. of 400 kV line bays. (for future use)
(iii) Establishment of 765/400 kV Substations at Akola-II
 1 × 1500 MVA, 765/400 kV Power Transformers with bays on either side.
(4 × 500 MVA, 1ph units providing 1 × 1500 MVA bank with one spare unit)
 2 × 240 MVAR, 765 kV switchable line reactors.
(7 × 80 MVAR, 1 ph units providing 2 × 240 MVAR banks with one spare unit for
Akola –II- Aurangabad, 2 × S/C 765 kV Lines)
 2 × 240 MVAR, 765 kV fixed line reactors
(7 × 80 MVAR, 1 ph units providing 2 × 240 MVAR banks with one spare unit for
Koradi – III – Akola -II, 2 × S/C 765 kV Lines)
 1 × 240 MVAR, 765 kV switchable bus reactor
(4 × 80 MVAR, 1 ph units providing 1 × 240 MVAR banks with one spare unit)
 4 nos. of 765 kV line bays.
(For Koradi – III – Akola -II and Akola II- Aurangabad 2 × S/C 765 kV lines)



4 nos. of 400 kV line bays
(2 nos. for Akola–II - Akola-I 400 kV quad D/C line and 2 nos. for NandgaopetAkola –II 400 kV D/C Line)
Space for 2 nos. of 765 kV line bays. (for future use)
Space for 2 nos. of 400 kV line bays. (for future use)
(iv) Extension of 765 kV Aurangabad Substation
 2 × 240 MVAR, 765 kV fixed line reactors
(7 × 80 MVAR, 1 ph units providing 2 × 240 MVAR banks with one spare unit for
Akola –II – Aurangabad 2 × S/C 765 kV lines)
 2 nos. of 765 kV line bays.
(For Akola-II – Aurangabad 2 × S/C 765 kV lines)
4. The transmission lines and associated infrastructure already commissioned and proposed to be
commissioned as per the revised schedule given in the Petition is outlined below:
Details of the Transmission Project
Original Completion
Date
(as per grant of
licence Petition)
Transmission Lines
Tiroda – Koradi-III 765 KV S/C Line-1
March, 2012
Koradi-III – Akola-II 765 KV S/C Line-1
March, 2012
Akola-II – Aurangabad 765 KV S/C Line-1
March, 2012
Tiroda – Koradi-III 765 KV S/C Line-2
August, 2012
Koradi-III – Akola-II 765 KV S/C Line-2
August, 2012
Akola-II – Aurangabad 765 KV S/C Line-2
August, 2012
Akola-II – Akola-I 400 KV Quad D/C Line
March, 2012
Substations
Establishment of 765/400 KV switchyard - Tiroda
March, 2012
Establishment of 765/400 KV substations - Koradi-III
August, 2012
Establishment of 765/400 KV substations - Akola-II
March, 2012
Extension of 765 KV Substation - Aurangabad
August, 2012
Actual / Revised
Estimated
Commissioning
Date
23 February, 2014
23 February, 2014
08 April, 2014
31 March, 2015
31 March, 2015
31 March, 2015
23 February, 2014
23 February , 2014
31 March, 2015
23 February, 2014
31 March, 2015
5. In view of the above, MEGPTCL has filed a Petition for approval of its Aggregate Revenue
Requirement and determination of Multi-Year Tariff for the Second Control Period from FY
2013-14 to FY 2015-16 before the MERC, under provisions of Sections 61 and 62 of the
Electricity Act, 2003 read with Regulations 16, 18 and Part G of the Maharashtra Electricity
Regulatory Commission (Multi Year Tariff) Regulations, 2011. MERC has admitted the MultiYear Tariff Petition on 19 May, 2014 and directed MEGPTCL to publish a Public Notice under
Section 64(2) of the Electricity Act, 2003.
6. In compliance with the MERC Order (Case No. 118 of 2009) dated 14 September, 2010 to
execute the transmission system through suitable packages to be awarded through competitive
bidding basis, MEGPTCL has conducted international competitive bidding process and the
execution of the project is at advanced stage. MEGPTCL in the current Multi-Year Tariff
Petition has projected increase in capital cost as compared to the cost approved provisionally by
the Commission in its Business Plan Order in Case No. 128 of 2013 mainly on account of the
foreign exchange rate variations and increase in the IDC on account of delay in the project.
MEGPTCL has submitted that the delay in the implementation of the project is mainly on
account of delay in getting necessary forest clearances, right of way issues and related court
cases, delay in availability of land for substations etc. A summary of revised capital cost
projected by MEGPTCL in the Multi-Year Tariff Petition is as under:
Table 1: Comparison of capital cost approved in Business Plan Order by the Commission and
revised capital cost estimates submitted by the MEGPTCL in the Multi-Year Tariff Petition
Sr.
No.
Particulars
Provisional
Approval
(Case No.
128 of 2013)
4.00
Revised Cost
Set – 2a
Set - 1
Set – 2b
Set - 3
(Rs. Crore)
Total
Variation
Revised -Increase
Cost
/(Decreas
e)
4.00
-
1
Preliminaries
0.08
1.99
-
1.93
2
Transmission Lines
2212.33
79.21
691.77
442.19
1173.03
2386.20
173.87
3
Substation Works
1963.16
10.37
1148.75
-
1161.82
2320.94
357.76
4
Overheads
363.78
4.27
92.54
22.21
238.76
357.78
(6.00)
201.45
3.83
78.71
18.89
100.02
201.45
-
11.47
0.22
4.48
1.08
5.69
11.47
-
124.85
-
-
-
124.85
124.85
-
26.01
0.23
9.34
2.24
8.19
20.01
(6.00)
38.50
0.68
16.40
3.90
25.31
46.29
7.79
32.00
-
-
-
32.00
32.00
-
467.57
7.32
150.95
36.22
434.59
629.07
161.50
209.57
3.17
65.32
15.68
88.13
172.29
(37.27)
5290.92
105.09
2167.72
520.20
3155.57
5948.58
657.67
4.1
4.2
Overheads (inclusive of
project management &
consultancy services)
Other Overheads
4.3
Contingency
4.4
Pre-operative expenses
(lenders' fee, merchant
banker fees, PGCIL design
costs etc.)
Additional Taxes and
Duties
Deposit Work for bays at
Aurangabad Substation
Financing & IDC
(including lender fees,
Bank Charges, BG,
documentation
Impact on Capital Cost
due to Foreign Exchange
Rate Variations
TOTAL
5
6
7
8
7. The Multi-Year Tariff Petition enumerates the progress of implementation and commissioning
of various transmission assets as well as the detailed description of the reasons of delay in the
implementation of the project and the resultant increase in capital cost. In the Multi-Year Tariff
Petition, MEGPTCL has projected the Aggregate Revenue Requirement (ARR) for the Second
Control Period from FY 2013-14 to FY 2015-16 for the determination of the Multi-Year Tariff
based on the revised capital cost.
8. The Aggregate Revenue Requirement of MEGPTCL is provided below:
Table 2: Aggregate Revenue Requirement of MEGPTCL at revised Capital Cost
(Rs. Crore)
Sr.
Particulars
FY 2013-14 FY 2014-15 FY 2015-16
No.
4.71
51.48
99.20
1 Operation and Maintenance Expenses
2 Depreciation
12.15
146.83
312.95
3 Interest on Long-term Loan Capital
18.29
223.18
443.30
Sr.
No.
Particulars
4
5
6
7
8
9
10
11
12
13
Interest on Working Capital and on
consumer security deposits
Other Expenses
Income tax
Contribution to Contingency Reserves
Total Revenue Expenditure
Add: Return on Equity Capital
Aggregate Revenue Requirement
Less: Non-tariff Income
Less: Income from other business
Aggregate Revenue Requirement from
transmission tariff
FY 2013-14
FY 2014-15
FY 2015-16
1.03
12.25
25.19
0.50
0.75
1.00
2.84
34.32
73.36
11.36
13.97
29.74
50.88
482.78
984.75
10.71
129.41
276.61
61.60
612.19
1,261.36
-
0.50
1.61
-
-
-
61.60
611.69
1,259.74
9. Copies of the following documents can be obtained on written request from the offices of
MEGPTCL mentioned below:
a. Executive Summary of the Petition (free of cost, in Marathi or English)
b. Detailed Multi-Year Tariff Petition along with CD (in English) (on payment of Rs. 100/by Cash/DD/ Cheque drawn on “Maharashtra Eastern Grid Power Transmission
Company Limited”.
c. Detailed Multi-Year Tariff Petition (in English) (on payment of Rs. 50/-).
d. CD of detailed Multi-Year Tariff Petition (in English) (on payment of Rs. 50/-).
Office:
Office
Address
Tele / Fax No.
Corporate
Office
(Ahmedabad)
Mr. Vipul Jadav, 3rd floor, Achalraj Building, Opposite +91 (79) 25557400/
Mayor’s Bungalow, Law Garden, Ahmedabad 380 006
+91 (79) 25558758
Office
(Maharashtra)
Mr. Ajit Barodia,
601, Hallmark Business Plaza, Sant Dnyaneshwar Marg,
Nr. Kalamandir Talkies, Opp. Gurunanak Hospital,
Bandra (East), Mumbai - 400 051
+91 (22) 22022480/
+91 (22) 26561616
10. The Commission has directed MEGPTCL to invite suggestions/ objections from the public on
the above Petition for approval of Aggregate Revenue Requirement and determination of MultiYear Tariff through this Public Notice. Suggestions/ objections shall be sent to the Principal
Secretary, Maharashtra Electricity Regulatory Commission, 13th Floor, Centre No.1, World
Trade Centre, Cuffe Parade, Mumbai-400 005 [Fax: 022-22163976 E-Mail:
[email protected]] by 13 June, 2014, along with proof of service on Shri Vipul Jadav,
Maharashtra Eastern Grid Power Transmission Company Limited, 3rd floor, Achalraj Building,
Opposite Mayor’s Bungalow, Law Garden, Ahmedabad 380019, Email: [email protected]
Fax: +91 (79) 25557176.
11. Every person who intends to file suggestions/ objections can submit the same in English or in
Marathi, in six (1+5) copies, and shall carry the full name, postal address and e-mail address, if
any, of the sender. It should be indicated whether the suggestions/ objections are being filed on
behalf of any organization of category of consumers. It should also be mentioned if the sender
wants to be heard in person, in which case opportunity would be given by the Commission at the
Public Hearing to be held at Maharashtra Electricity Regulatory Commission, Court Room,
13th Floor, Centre 1, World Trade Centre, Cuffe Parade, Colaba, Mumbai - 400 005 on
17June, 2014 at 11:30 hrs, for which no separate notice will be given.
12. MEGPTCL shall reply to each of the suggestions/ objections not later than 16 June, 2014 for all
the suggestions/ objections received till 13 June, 2014. Stakeholders can submit their rejoinders
on replies provided by MEGPTCL either during the public hearing or latest by 17 June, 2014.
13. The detailed Petition for approval of Aggregate Revenue Requirement and determination of
Multi-Year Tariff along with Executive Summary is available on www.megptcl.com and the
Executive Summary is also available on the website of the Commission www.merc.gov.in /
www.mercindia.org.in in downloadable format (free of cost).
Signature
Name (Vipul Jadav)
AGM
Maharashtra Eastern Grid
Company Limited
Email: [email protected]
Power
Transmission