BEFORE THE HON’BLE...under CDM (Clean Development Mechanism) producing the GREEN Energy. The feed as raw material is cattle dung to be collected from nearby villages (within radius

BEFORE THE HON’BLE UTTRAKHAND ELECTRICITY REGULATORY COMMISSION Institute of Engineers (I) Building, 1st Floor, Near I.S.B.T., Majra, Dehradun.

FILING NO._________________ CASE NO.__________________ IN THE MATTER OF: PETETION SEEKING FIXATION OF TARIFF FOR BIOMETHANATION

(BIO GAS) BASED UNDER THE SCHEME OF CDM (CLEAN

DEVELOPMENT MECHANISM) 1 MW POWER PLANT PROPOSED BY

BHARAT BIO URJA LIMITED U/s.62 AND 86 OF THE ELECTRICITY

ACT, 2003 READ WITH THE RELEVANT REGULATIONS AND

GUIDELINES OF THE COMMISSION.

IN THE MATTER OF: BHARAT BIO URJA LIMITED, BEING THE GENERATION COMPANY

IN THE STATE OF UTTARAKHAND, DISTRICT HARIDWAR, HAVING

ITS REGISTERED OFFICE AT 49/3, TEG BAHADUR ROAD,

DEHRADUN, UTTARAKHAND STATE

Petitioner…

VERSUS

THE UTTARAKHAND ELECTRICITY REGULATORY COMMISSION

INSTITUTE OF ENGINEERS (I) BUILDING,1ST

FLOOR,

NEAR I.S.B.T., MAJRA,DEHRADUN,

UTTARAKHAND .

Respondent……

PETITION

1. Specific Legal Provision Under Which Petition is being filed: Filing of petition for availing final tariff for the financial year 2011-12 from Uttrakhand Power Corporation Limited for 1 MW Bio-methanation based Power Project of M/S. Bharat Bio Urja Limited u/s. 62(4) and 86 of Electricity Act 2003 read with the relevant regulations and guide lines of the commission. The petitioner respectfully submits the petition under section 62(1) (a) of Electricity Act 2003 before the honorable commission for determination of final tariff for the petition’s power project which has been approved by govt. of Uttarakhand vide letter no. 397/I(2)/2010-04(8)70/2008.

2. Limitation: None 3. Fact Of Case: 3.1 The Petitioner Company Bharat Bio Urja Limited (BBUL) was incorporated vide Corporate

Identity No. U74900UR2008PLC032676 in 2008-09. The Petitioner has poroposed to establish a 1 MW High Rate Bio Methanation based Power Plant at Village Imlikhera, Bloack Bhagwanpur, Distt. Haridwar, and has procured and developed a land of 23 bighas. The Technology and comprehensive project report is duly vetted by IIT Roorkee (duly vetted DPR enclosed). The cost of the project as appraised by IIT, Roorkee and is Rs. 13.90 Crore. The NOC from Uttarakhand Pollution Board is received. The Project is allotted by Govt of Uttarakhand vide letter no. 397/I(2)/2010-04(8)70/2008 dt. 17-2-2010. The proposed date for commercial production is 01-01-2012 (subject to PPA by UPCL). The financial closure has been done with Canara Bank, Clement Town, Dehra Dun. Placed at Annexure 1.

3.2 The Government of Uttarakhand declared a Policy for Promoting Generation of Electricity

through Renewable Energy Sources with Private Sector and Community Participation vide G.O. No. 263/I(2)/2008-04(8)-96/2001 dt. 29-01-08 (Enclosed Ann. ). The Policy aims to address waste to energy programme and is under thrust area for the Govt. of Uttarakhand as well as for the MNRE (GOI).

3.3 The Project is community based and aims to improve rural sanitation and is also covered

under CDM (Clean Development Mechanism) producing the GREEN Energy. The feed as raw material is cattle dung to be collected from nearby villages (within radius of 25 Kms) and municipal area of Dehra Dun, Haridwar and Roorke. The societies at village level are created for the collection of cattle dung The employment will be generated at the village level.

3.4 The extensive survey for availability of cattle dung is done and found that surplus feed is available for smooth running of the project.

3.5 In Biomethnation based power projects power generation and gas generation are at different point of time. The project is divided in two parts:

1. Methane Gas generation (is a continuous phenomenon) through cattle dung

digestion. Auxiliary Consumption shall be during the methane gas generation process.

2. Power generation through use of methane gas will be in peak hours and near peak hours.

Therefore, the company would require a power connection of 150 K.W. form UPCAL. 3.6 The policy also stipulated that the first right to purchase the power generated by these

projects shall be of UPCL.

3.7 The petitioner will start the construction of the Project as soon as tariff is approved by the Hon'ble UERC to meet the project cost and signing of PPA by UPCL.

3.8 The project falls under the category of High Rate Bio Methanation and it is not categorised

by Hon'ble UERC for the determination of the tariff. The fresh category under the title of Bio Gas based on the Project cost determining the cost of energy is requested.

3.9 Section 62 (1) (a) of the Electricity Act, 2003 empowers the state commission with the task

of determining tariffs for sale of electricity by a generating company to a distribution licensee. In case of the State of Uttrakhand, the Uttrakhand Electricity Regulatory Commission (hereinafter referred to as “the Hon’ble Commission” or “the UERC”) is the competent body to determine such tariffs.

3.10 The Hon’ble Commission was constituted in September 2001 and its Conduct of Business

Regulations were notified on October 24, 2002.

3.11 As per section 14 of the Notification No.F-9(21)/RG/UERC/2010/ 697, date 06/07/2010 issued by Uttarakhand Electricity Regulatory Commission, a generating company may make an application for fixation of tariff in respect of the completed units of generating station in such formats and along with such information which the Hon’ble commission may require from time to time.

3.12 BBUL is accordingly filing its tariff petition for 1 MW Bio Methanation (Bio gas) based

Power Plant before Hon’ble commission for the financial year 2012-13 for determination of tariff applicable to sale of power by the station to UPCL.

3.13 For computing the tariff, the petitioner has largely adopted the approach articulated in the

tariff regulations by the Hon’ble commission dated 6th July, 2010. 4. Cause of Action: In view of facts mentioned above we are applying for provisional tariff fixation for 20 years starting from the year 2012-13 under the category of Bio Gas. 5. Ground of Relief : The petitioner seeks the relief for provisional tariff as per the section 14 of the Notification No.F-9(21)/RG/UERC/2010/ 697, date 06/07/2010 issued by Uttarakhand Electricity Regulatory Commission, and accordingly worked out the tariff structure, and submits the same in the enclosure for necessary consideration. 6. Details of remedies exhausted: None. 7. Matter not previously filed for pending with any other court : None.

8. Relief Sought : In view of the above submissions, the petitioner, with a view to seek approval of Hon’ble commission, proposes the tariff structure for purchase of energy at levelised tarrif Rs. 9.05 per unit by UPCL. The petitioner therefore humbly prays to the Honorable Commission to take the petition on record and may please grant the said relief. 9. Interim Order, If any , prayed for. None. 10. Detailes of Index: Annexure – 1 : Affidavit Annexure – 2 : Statement of rate calculation offered by Petitioner Annexure – 3 : Board of Resolution. 11. Perticulars of fee remitted. Exempted for the RE Power Project upto 2 MW. 12. List of Enclosures

1. Auditor certificate on project expenditure as on 30.06.2010. 2. Audited Balance Sheet for the F.Y. 2008-09 & F.Y. 2009-10. 3. Copy of Board Resolution dated 02.07.2009 4. Copy of letter for award of Project from Govt. of Uttarakhand. 5. Copy of Policy for RE Projcts by Govt. of Uttarakhand. 6. Copy of Policy for RE Projcts by MNRE, Govt. of India. 7. Copy of NOC from Pollution Control Board of Uttarakhand. 8. Copy of DPR with Project Cost duly vetted by IIT, Roorkee. 9. Copy of agreement of contract with Plant & Machinery supplier on turn key

basis.. 10. Copy of sanctioned letters from financial Institutions (Canara Bank).

Petitioner

VERIFICATION

I, Shrikant Sharma, Executive Director of Bharat Bio Urja Limited , S/o. Sri. R.S. Sharma aged about 39 years, resident of 3/3 Ashirwad Enclave, Dhera Dun, Uttarakhand do hereby verify that the contents of para 1 to 10 are true to my personal knowledge and para 3.1 to 3.13 are derived from official records, which are true from record and para 1 to para 10 believed to be true on legal advise and that I have not suppressed any material fact.

Place : Dehra Dun Date : Signature of the Petitioner

Sl. No. Assumption Head Sub-Head Sub-Head(2) Unit Values

Installed Power Generation Capacity MW 1

Auxiliary Consumption factor % 16.03%

PLF (during stabilization upto 6 months) % 50

PLF (during 1st year after stabilization) % 50

PLF (2nd yr onwards) % 91.32%

Commercial Operation Date MM/YYYY 1/1/2012

Useful Life Years 20 Year

Normal Capital Cost Rs. Lakh/MW 1,326.78

Capital Cost Rs. Lakh 1,326.78

Subsidy adjustment factor 100%

Capital subsidy, if any (adjusted for tariff) Rs. Lakh 360.00

Net Capital Cost Rs. Lakh 966.78

Tariff Period Years 20 Years

Debt % 62%

Equity % 38%

Total Debt Amount Rs. Lakh 600.00

Total Equity Amount Rs. Lakh 366.78

Debt % 70%

Equity % 30%

Total Debt Amount Rs. Lakh 676.75

Total Equity Amount Rs. Lakh 290.03

Loan Amount Rs. Lakh 676.75

Moratorium Period Years 9 Months

Repayment Period( Include. Moratorium) Years 10

Interest Rate % 13.25%

Equity Amount Rs. Lakh 290.03

Return on Equity for first 10 years % p.a. 19.00%

Return on Equity 11th year on words % p.a. 24.00%

Depreciation Depreciation Rate for first 10 years % 7%

Depreciation rate for 11 years onwards % 2%

Incentives Generation Based incentives, if any Rs. Lakh p.a. 0

Period for GBI years 0

Rs. Lakh/MW 90.00

Rs. Lakh 90.00

% 5.72%

a) Fuel Cost for 4 months 4 Months 90.00

b) Operation & Management Expenses 1 Months 7.50

c) Receivable Equivalent to one Months 1 Months 56.70

d) Maintenance spare @ 15% of operation

and maintenance expenses 15% of (b) above 1.13

Total Working Capital

% p.a. 12.75%

Cattle Dung consumption per day TPD 200

Hours of operation hrs/anuum 8000

PLF % 91.32%

Cattle Dung consumption per annum TPA 66666.67

Gas Yield m3/day 10000

Units Exported kWh/day 18000

Units consumed for Auxiliaries kWh/day 3436

Units generated kWh/day 21436

Electrical Efficiency % 37%

Calorific Value of Gas kWh/day 57935

GCV of Gas kWh/m3 5.79

GCV of Gas Kcal/m3 4982.42

GCV of fuel Kcal/Kg. 249.12

Biomass Price (Cattle Dung):yr-1 Rs./MT 340

Cattle Dung consumption per day TPD 200

Hours of operation hrs/anuum 7008

PLF % 80.00%

Cattle Dung consumption per annum TPA 58400.00

Gas Yield m3/day 10000

Units Exported kWh/day 18000

Units consumed for Auxiliaries kWh/day 3436

Units generated kWh/day 21436

Electrical Efficiency % 37%

Calorific Value of Gas kWh/day 57935

GCV of Gas kWh/m3 5.79

GCV of Gas Kcal/m3 4982.42

GCV of fuel Kcal/Kg. 249.12

Biomass Price (Cattle Dung):yr-1 Rs./MT 340

Fuel price escalation Factor % p.a. 5%

Manure for sale per day TPD 27.66

Sale price of Manure Rs./Ton 1500

Note:

For Bharat Biourja Limited (Petitioner)

66666666.67 Authorised Signatory

79411764.71

4 Operation & Maintenance

Normative O&M expense

per annum Escalation factor for O&M expense

Station Heat Rate

(Proposed for Tariff)

Form 2.1 Form for High Rate Bio-Methanation Power Project Parameter Assumptions (Chapter xiv)

1 Power Generation Capacity

2 Project Cost Capital Cost/MW

Cattle dung prices has been taken taken at Rs. 340/- per ton. Increase in transportation cost or the cattle dung cost will increase the input cost and

Debt Equity (Actual)

Debt Equity

(Considered for tariff)

O&M expense

5 Working Capital

O&M expense

Maintenance Spare

Receivables Biomass

stock

6 Fuel Related Assumptions

Interest on working capital

Station Heat Rate

(Design)

3 Financial Assumptions

Debit Component

Equity Component

Sales of Manure

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Installed Capacity MW 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

Net Generation LU 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56

Equity 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03 290.03

Opening Loan 676.75 609.07 541.40 473.72 406.05 338.37 270.70 203.02 135.35 67.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Repayment 67.67 67.67 67.67 67.67 67.67 67.67 67.67 67.67 67.67 67.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Closing Loan 609.07 541.40 473.72 406.05 338.37 270.70 203.02 135.35 67.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Average Loan 642.91 575.23 507.56 439.88 372.21 304.54 236.86 169.19 101.51 33.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

a) Fuel Cost for 4 months 66.19 69.50 72.97 76.62 80.45 84.47 88.70 93.13 97.79 102.68 107.81 113.20 118.86 124.80 131.05 137.60 144.48 151.70 159.29 167.25

b) Operation & Management Expenses 7.50 7.93 8.38 8.86 9.37 9.90 10.47 11.07 11.70 12.37 13.08 13.83 14.62 15.46 16.34 17.28 18.26 19.31 20.41 21.58

c) Receivable Equivalent to one Months 3.92 3.93 3.96 3.98 4.02 4.06 4.10 4.16 4.22 4.28 3.94 4.10 4.27 4.46 4.65 4.85 5.06 5.29 5.52 5.77


and maintenance expenses 1.13 1.19 1.26 1.33 1.41 1.49 1.57 1.66 1.76 1.86 1.96 2.07 2.19 2.32 2.45 2.59 2.74 2.90 3.06 3.24

Total Working Capital 78.73 82.55 86.57 90.79 95.24 99.92 104.84 110.02 115.46 121.19 126.79 133.21 139.95 147.04 154.48 162.31 170.54 179.19 188.28 197.84

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

O&M Expenses Rs. Lakh 90.00 95.15 100.59 106.34 112.43 118.86 125.66 132.84 140.44 148.48 156.97 165.95 175.44 185.48 196.08 207.30 219.16 231.69 244.95 258.96

Depreciation Rs. Lakh 92.87 92.87 92.87 92.87 92.87 92.87 92.87 92.87 92.87 92.87 26.54 26.54 26.54 26.54 26.54 26.54 26.54 26.54 26.54 26.54

Interest On Term Loan Rs. Lakh 85.19 76.22 67.25 58.28 49.32 40.35 31.38 22.42 13.45 4.48 - - - - - - - - - -

Interest On Working Capital Rs. Lakh 10.04 10.52 11.04 11.58 12.14 12.74 13.37 14.03 14.72 15.45 16.17 16.98 17.84 18.75 19.70 20.69 21.74 22.85 24.01 25.22

Return On Equity Rs. Lakh 55.11 55.11 55.11 55.11 55.11 55.11 55.11 55.11 55.11 55.11 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61

Total Fixed Cost Rs. Lakh 333.20 329.87 326.86 324.19 321.87 319.93 318.39 317.27 316.60 316.39 269.28 279.08 289.43 300.37 311.92 324.14 337.05 350.68 365.10 380.33

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Cattle Dung Consumption Rs. Lakh 198.56 208.49 218.91 229.86 241.35 253.42 266.09 279.39 293.36 308.03 323.43 339.60 356.59 374.41 393.14 412.79 433.43 455.10 477.86 501.75

Less: Sales of Bio-Manure Rs. Lakh 121.15 127.21 133.57 140.25 147.26 154.62 162.35 170.47 178.99 187.94 197.34 207.21 217.57 228.45 239.87 251.86 264.46 277.68 291.56 306.14

Net Consumption Rs. Lakh 77.41 81.28 85.34 89.61 94.09 98.80 103.74 108.92 114.37 120.09 126.09 132.40 139.02 145.97 153.26 160.93 168.97 177.42 186.29 195.61

Power Consumption Rs. Lakh 37.91 39.80 41.79 43.88 46.08 48.38 50.80 53.34 56.01 58.81 61.75 64.84 68.08 71.48 75.06 78.81 82.75 86.89 91.23 95.79

Fossil Fuel (Coal) Rs. Lakh - - - - - - - - - - - - - - - - - - - -

Sub-Total (Fuel Costs) Rs. Lakh 115.32 121.08 127.14 133.49 140.17 147.18 154.54 162.26 170.38 178.89 187.84 197.23 207.09 217.45 228.32 239.74 251.72 264.31 277.52 291.40

Fuel Cost Allocable To Power % - - - - - - - - - - - - - - - - - - - -

Total Variable Cost Rs. Lakh 115.32 121.08 127.14 133.49 140.17 147.18 154.54 162.26 170.38 178.89 187.84 197.23 207.09 217.45 228.32 239.74 251.72 264.31 277.52 291.40

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Pu & O&M Expenses Rs./Kwh 1.71 1.81 1.91 2.02 2.14 2.26 2.39 2.53 2.67 2.82 2.99 3.16 3.34 3.53 3.73 3.94 4.17 4.41 4.66 4.93

Pu Depreciation Rs./Kwh 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50

Pu Interest On Term Loan Rs./Kwh 1.62 1.45 1.28 1.11 0.94 0.77 0.60 0.43 0.26 0.09 - - - - - - - - - -

Pu Interest On Working Capital Rs./Kwh 0.19 0.20 0.21 0.22 0.23 0.24 0.25 0.27 0.28 0.29 0.31 0.32 0.34 0.36 0.37 0.39 0.41 0.43 0.46 0.48

Pu Return On Equity Rs./Kwh 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32

Pu Total Fixed Components (Fixed) Rs./Kwh 6.34 6.28 6.22 6.17 6.12 6.09 6.06 6.04 6.02 6.02 5.12 5.31 5.51 5.71 5.93 6.17 6.41 6.67 6.95 7.24

Pu Total Fixed Components (Variable) Rs./Kwh 2.19 2.30 2.42 2.54 2.67 2.80 2.94 3.09 3.24 3.40 3.57 3.75 3.94 4.14 4.34 4.56 4.79 5.03 5.28 5.54

Pu Total Fixed Components (Total) Rs./Kwh 8.53 8.58 8.64 8.71 8.79 8.89 9.00 9.12 9.27 9.42 8.70 9.06 9.45 9.85 10.28 10.73 11.20 11.70 12.23 12.78

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Discount Rate Rs./Kwh 13.83% 13.88% 13.93% 14.00% 14.07% 14.16% 14.28% 14.43% 14.64% 14.93% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84%

Discount Factors 1.00 0.88 0.77 0.68 0.59 0.52 0.45 0.40 0.35 0.30 0.26 0.22 0.19 0.17 0.14 0.12 0.11 0.09 0.08 0.07

Discount Tariff Components (Fixed) Rs./Kwh 6.34 5.51 4.79 4.17 3.63 3.16 2.75 2.40 2.09 1.81 1.33 1.19 1.07 0.96 0.86 0.77 0.69 0.62 0.56 0.50

Discount Tariff Components (Variable) Rs./Kwh 2.19 2.02 1.86 1.72 1.58 1.45 1.34 1.23 1.12 1.03 0.93 0.84 0.76 0.69 0.63 0.57 0.52 0.47 0.42 0.38

Discount Tariff Components (Total) Rs./Kwh 8.53 7.53 6.66 5.89 5.21 4.61 4.09 3.62 3.21 2.84 2.26 2.03 1.83 1.65 1.48 1.34 1.21 1.09 0.98 0.88

Levellised Tariff (Fixed) Rs./Kwh 6.11

Levellised Tariff (Variable) Rs./Kwh 2.94

Levellised Tariff (Total) Rs./Kwh 9.05


Authorised Signatory

Form 2.2 Form for High Rate Bio-Methanation Power Project Determination Of Tariff Components (Chapter xiv)

Unit Generation Unit

Year

Tariff Components (Fixed Charge) Unit

Year

Levellised Tariff Unit

Year

Tariff Components (Variable Charge) Unit

Year

Per Unit Tariff (Components) Unit

Year

1. Net Generation = (No of Hours per Annum X Unit Exported)/24

2. Workng Capital

a) Fuel Cost for 4 months = Cattle Dung Consumption/3

b) Operation & Management Expenses = O&M Expenses/12

c) Receivable Equivalent to one Months = (O&M Expenses+Depreciation+ Interest on Term Loan + Return

on Equity + Variable Expenses)/112


and maintenance expenses

= 15% of O&M Expenses

Total Working Capital = Totat of (a) to (d)

3. Tariff Components (Fixed Charge)

O&M Expenses = It has been assumed @ 90 Lacs for First year with increase of

5.74% per year

Depreciation = Capital Cost X 7% for first 10 years thereafter capital cost X 2%

for balance years

Interest On Term Loan = @13.25% on average balance of Term Loan

Interest On Working Capital = @ 12.75 % on working Capital

Return On Equity = @19% on Equity Capital for first 10 years, @24% on Equity

Capital from 11th year on words

Cattle Dung Consumption = (200 MT X Rs.340 X 7008 Hrs.)/24 Hrs.

Sales of Bio-Manure = (27.66 MT X Rs. 1500 X 7008 Hrs.)/24 Hrs.

Power Consumption = 150 K.W. X 24 Hrs. X 360 Days X 65% of Rs. 4.5

Fossil Fuel (Coal) = Nil

Fuel Cost Allocable To Power = Nil

4. Per Unit Tariff (Components)

Pu & O&M Expenses = Total O&M Expesnes/Net Generation

Pu Depreciation = Total Depreciation/Net Generation

Pu Interest On Term Loan = Total Interest on Term Loan/Net Generation

Pu Interest On Working Capital = Total Interest on Working Capital/Net Generation

Pu Return On Equity = (@19% on Equity Capital for first 10 years, @24% on Equity

Capital from 11th year on words )/Net Generation

Pu Total Fixed Components (Fixed) = Total Fixed Cost/Net Generation

Pu Total Fixed Components (Variable) = Total Variable Cost/Net Generation

Pu Total Fixed Components (Total) = (Total Fixed Cost+ Total Variable Cost)/Net Generation

5. Levellised Tariff

Discount Rate = (( Interest on Term Loan + Retrun on Equity ) X ( 1-

0.18X1.1X1.03))/(Equity + Average Loan)

Discount Factors = 1(1+ Discount Rate)

Discount Tariff Components (Fixed) = Pu Total Fixed Components ( Fixed) X Discount Factor

Discount Tariff Components (Variable) = Pu Total Fixed Components (Variable) X Discount Factor

Discount Tariff Components (Total) = Total of Discount Tariff Components (Fixed + Variable)

Levellised Tariff (Fixed) = Sum of Discount Tariff Components (Fixed) Divided by Sum of

Discount Factors

Levellised Tariff (Variable) = Sum of Discount Tariff Components (Variable) Divided by Sum

of Discount Factors

Levellised Tariff (Total) = Sum of Levellised Tariff (Fixed) and Levellised Tariff (Variable)

COADING OF FORM NO. 2.2

S. No. PARTICULARS CHAPTER NO.1 INSTALLED CAPACITY I

2 COST OF PROJECT II

3 MEANS OF FINANCE III

4 DETAIL OF LAND IV

5 TECHNICAL & COST ESTIMATE DETAIL OF PLANT BY IIT V

6 DETAIL OF MISC. FIXED ASSETS VI

7 ASSUMPTION OF PROFITABILITY VII

8 COST AND PROFITABILITY STATEMENT VIII

9 CASH FLOW STATEMENT IX

10 PROJECTED BALANCE SHEET X

11 CALCULATION OF WORKING CAPITAL XI

12 FINANCIAL EXPENSES & DSCR XII

13 DEPRECIATION XIII

14 Form 1: Calculation of Per Unit Rate XIV

15 Form 2-1 : Computation of Saleable Energy & Capacity Index XIV

16 Form 2-2 : Information on Energy Generated (MU) XIV

17 Form 2-3: Salient Features of Bio-Methanation Power Project XIV

18 Form 3 : Calculation of Net Annual Fixed Charges XIV

19 Form 4-1: Statement of Gross Fixed Asset Base & Financing Plan XIV

20 Form 4-2: Statement of Gross Fixed Asset Base & Financing Plan XIV

21 Form 5-1: Statement of Depreciation XIV

22 Form 5-2: Statement of Depreciation XIV

23 Form 6-1: Statement of Capital Expenditure from COD XIV

24 Form 6-2: Statement of Capital Works in Progress from COD XIV

25 Form 6-3: Statement of Capital Expenditure and Schedule of Commissioning for New Projects XIV

26 Form 6-4: Break-up of Capital Expenditure for New Projects XIV

27 Form 6-5(a) : Break up of Capital cost for Bio-Methanation Power Project (CIVIL WORK) XIV

28 Form 6-5(b) : Break up of Capital cost for Bio-Methanation Power Project (ELECTRO. & MECH.) XIV

29 Form 6-5(c) : Break up of Capital cost for Plant & Equipments XIV

30 Form 6-6: Break up of Capital Cost for Plant & Equipment on COD XIV

DPR INDEX

CALCULATION OF TARRIF (OLD FORMS) INDEX

31 Form 6-7: Break-up of Construction/Supply/Service packages XIV

32 Form 7: Detail of Capital Cost and Financing Structure XIV

33 Form 8: Details of Financial Packages XIV

34 Form 9-1: Statement of Outstanding Loans XIV

35 Form 9-2: Statement of Interest & Financing charges XIV

36 Form 9-3: Statement of Outstanding Loan, Interest & Financing charges during Tariff Year XIV

37 Form 10: Calculation of Amount of Working Capital XIV

38 Form 11-1: Details of Operation and Maintenance Expenses XIV

39 Form 11-2: Details of Employee Costs XIV

40 Form 12-1: Balance Sheet XIV

41 Form 12-2: Profit & Loss Account XIV

43 Auditor certificate on project expenditure

44 Audited Balance Sheet

45 Board Resolution

46 Letter for award of Project from Govt. of Uttarakhand

47 Policy for RE Projcts by Govt. of Uttarakhand

48 Policy for RE Projcts by MNRE by MNRE, Govt. of India

49 Copy of NOC from Pollution Control Board of Uttarakhand

50 Copy of agreement of contract with Plant & Machinery

51 Copy of sanctioned letters from financial Institutions (Canara Bank).

ENCLOSURES INDEX

CHAPTER-"I"

INSTALLED CAPACITY

A ) GREEN ENERGY

- Capacity : 1000 units per hour/ 1MW per hour

- Hours Per Day : 24 Hours

- Hours of Operation per Annum: 7008 Hours

- Effeciency Factor: 80%

-Units Exported per Day will be as under:

= 18000 Khw/Day

- Units Net Generated

=18000 X 7008/24 = 5256000

B ) BIO MANURE

27.66 Tones per day or say 9958 Tonnes per annum

CHAPTER-"II"

COST OF PROJECT

1,405.78

TOTAL

S.NO. PARTICULARS ESTIMATED

COST

in Lacs

1 168.00

2 444.30

3 654.86

4 59.62

( Including Interest during const. period)

TOTAL 1,326.78

5 79.00

Grand TOTAL 1,405.78

Note: Preliminary & Pre-operative expenses includes preliminary expenses of Rs. 2 Lacs

Working Capital

The total cost of setting up the project is estimated at approximately

Pre- Operative Expesnes

The estimated cost is based on data collected from detailed market survey and

consultations with various professionals and is as such realistic and need based

Plant & Machinery

Land & Site Dovelopment

Civil works as Per DPR

CHAPTER-"III"

MEANS OF FINANCE

TOTAL

S.NO. PARTICULARS AMOUNT

IN RS.

1 275.00

2 Unsecured Loan 61.78

3 600.00

4 Subsidy from MNES 360.00

5 Working Capital Limit for BANK 30.00

TOTAL 1,326.78

Equity Share Capital

Term Loan from Bank

Note: 1. 50% of subsidy from MNES i.e. Rs. 180 lacs will be released during implementation of

project and balance 50% i.e. Rs. 180 lacs will be released with in 60 days from the date of completion

of project.

2. The company requests the bank for sanction of bridge loan of Rs. 180 lacs to be adjusted

immediately on release of final instalment of subsidy of Rs. 180 lacs.

CHAPTER-"IV"

LAND & SITE DEVELOPMENT

LOCATION Imlikhera.

Block Bhagwanpur.

Thesil : Roorkee,

District : Haridwar

AREA 1 HECTARES / 12.5 BIGHAS (APPROX.)

COST of LAND & SITE Development 100.00 LACS

Add: Cost of Boundry wall 68.00 LACS

Total in Rs… 168.00 LACS

CHAPTER-"VI"

MISCELLANEOUS ASSETS

TOTAL

S.NO. PARTICULARS AMOUNT

IN RS.

1 2.00

2 Computer 1.00

TOTAL 3.00

Furniture & Fixture

( for the First year of Operation, thereafter as per the norms of UERC)

REVENUE

1. The unit shall commence commercial production w.e.f. 1st January, 2012.

2. The detail of Income is given below:

i) Green Energy: ( UPCL/ Uttaranchal Power Corporation Limited)

Net Saleable Energy 5,256,000.00

Annual Sales Relisation will be 52,56,000 units X Rs. 8.53 per unit.

= 448.34 Lacs

ii) Bio-Manure

Manure Sales per Day (a) TPD 27.66

Sale price of Manure (b) Rs./Ton 1,500.00

No. of Hours per Annum (c) Hrs. 7008

No. of Hours per Day (d) Hrs. 24

No. of Man Days (e)=[(c)/(d)] Days 292

Annual Sales Relisation (a) X(b)X(e) = Rs. 121.15 Lacs

It has been assumed that the revenue will increase 5% every year.

EXPENSES

1. Cattle Dung Consumption:

Per day consumtion of solid waste-cattle dung will be 200 M.T.

Hours of operations per annum 7008 hours

PLF 80%

Therefore, annual cost will be = (200 M.T. X 7008 Hrs. X 80 % X Rs. 340/-)/24 Hrs

= 198.56 Lacs

2. Power Consumption:

The power requirement is 150 K.W. Therefore annual cost will be

= 150 X 24 Hrs. X 360 Days X 65% of Rs. 4.50

= 37.91 Lacs

It has been assumed that the above expenses will increase 5% every year.

3. Salary & Wages

i) Direct Salary

CHAPTER-"VII"ASSUMPTIONS OF COST & PROFITABILITY STATEMENT

The following assumptions have been considered while preparing the cost and profitability

Particulars Nos. Salary Total

P.M. in Lacs Rs.

General Manager 1 80000 0.80

Manager 2 20000 0.40

Techinical Staff 5 7000 0.35

Un-skilled Workers 15 5000 0.75

Rs. 2.30 Lacs per month

Annual Direct Salary will be Rs. 27.60

i) Indirect Salary

Particulars Nos. Salary Total

P.M. in Lacs Rs.

CEO 1 100000 1.00

Area Manager 2 20000 0.40

Administrative Staff 5 6000 0.30

Rs. 1.70 Lacs per month

Annual Indirect Salary will be Rs. 20.40

Total Labour Wages & Salaries 48.00

It has been assumed that the above expenses will increase @ 5.72% every year (as per the norms of UERC)

3. Repair & Maintenance:

4. Depreciation:

Details are placed at Chapter XIV

5. Administrative & Selling Income:

This is estimated @ 12 Lacs for first year and will increase @ 5.72% every year (as per the norms of UERC)

6. Interest on Term Loan & Working Capital Limit:

Interest is estimated @ 13.25% p.a.

It has been assumed that the above expenses will increase @ 5.72% every year (as per the norms of UERC)

PROJECTED COST AND PROFITABILITY STATEMENT

YEARS

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

A. INCOME

Sales of

- Green Energy 448.34 470.75 494.29 519.01 544.96 572.20 600.81 630.85 662.40 695.52 730.29 766.81 805.15 845.41 887.68 932.06 978.66 1,027.60 1,078.98 1,132.92

TOTAL 448.34 470.75 494.29 519.01 544.96 572.20 600.81 630.85 662.40 695.52 730.29 766.81 805.15 845.41 887.68 932.06 978.66 1,027.60 1,078.98 1,132.92

B. VARIABLE CHARGES

- Raw Material Consumed 198.56 208.49 218.91 229.86 241.35 253.42 266.09 279.39 293.36 308.03 323.43 339.60 356.59 374.41 393.14 412.79 433.43 455.10 477.86 501.75

- Less: Sales of Bio-Manure 121.15 127.21 133.57 140.25 147.26 154.62 162.35 170.47 178.99 187.94 197.34 207.21 217.57 228.45 239.87 251.86 264.46 277.68 291.56 306.14

Net Consumption 77.41 81.28 85.34 89.61 94.09 98.80 103.74 108.92 114.37 120.09 126.09 132.40 139.02 145.97 153.26 160.93 168.97 177.42 186.29 195.61

- Power from UPCL* 37.91 39.80 41.79 43.88 46.08 48.38 50.80 53.34 56.01 58.81 61.75 64.84 68.08 71.48 75.06 78.81 82.75 86.89 91.23 95.79

C. TOTAL VARIABLE COST 115.32 121.08 127.14 133.49 140.17 147.18 154.54 162.26 170.38 178.89 187.84 197.23 207.09 217.45 228.32 239.74 251.72 264.31 277.52 291.40

D. FIXED CHARGES

O&M Expenses

- Direct Labour, Wages & Salaries 48.00 50.75 53.65 56.72 59.96 63.39 67.02 70.85 74.90 79.19 83.72 88.51 93.57 98.92 104.58 110.56 116.88 123.57 130.64 138.11

- General Administrative & Selling Exp. 12.00 12.69 13.41 14.18 14.99 15.85 16.75 17.71 18.73 19.80 20.93 22.13 23.39 24.73 26.14 27.64 29.22 30.89 32.66 34.53

- Repair & Maintenance 30.00 31.72 33.53 35.45 37.48 39.62 41.89 44.28 46.81 49.49 52.32 55.32 58.48 61.83 65.36 69.10 73.05 77.23 81.65 86.32

Total O & M Expenses 90.00 95.15 100.59 106.34 112.43 118.86 125.66 132.84 140.44 148.48 156.97 165.95 175.44 185.48 196.08 207.30 219.16 231.69 244.95 258.96

Depreciation 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14

Interest on Term Loan 85.19 76.22 67.25 58.28 49.32 40.35 31.38 22.42 13.45 4.48 - - - - - - - - - -

Interest on Working Capital 10.04 10.52 11.04 11.58 12.14 12.74 13.37 14.03 14.72 15.45 16.17 16.98 17.84 18.75 19.70 20.69 21.74 22.85 24.01 25.22

E. TOTAL FIXED COST 280.20 276.87 273.85 271.18 268.86 266.92 265.38 264.26 263.59 263.39 200.27 210.07 220.42 231.36 242.92 255.13 268.04 281.68 296.09 311.32

F. TOTAL COST (C+E) 395.51 397.95 400.99 404.67 409.03 414.10 419.92 426.53 433.97 442.28 388.11 407.30 427.51 448.81 471.24 494.87 519.76 545.99 573.61 602.72

F. PROFIT BEFORE TAXATION 52.82 72.80 93.30 114.33 135.92 158.10 180.90 204.33 228.43 253.24 342.18 359.51 377.64 396.60 416.44 437.19 458.90 481.61 505.36 530.21

[D-(E+F+G+H)]

G. PROVISION FOR TAXES 9.51 13.10 16.79 20.58 24.47 28.46 32.56 36.78 41.12 45.58 61.59 64.71 67.97 71.39 74.96 78.69 82.60 86.69 90.97 95.44

H. NET PROFIT AFTER TAXATION 43.31 59.70 76.51 93.75 111.46 129.64 148.33 167.55 187.31 207.65 280.59 294.80 309.66 325.21 341.48 358.50 376.30 394.92 414.40 434.77

I. DEPRECIATION & INTEREST ADD BACK 180.16 171.19 162.23 153.26 144.29 135.33 126.36 117.39 108.42 99.46 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14

J. NET CASH ACCRUALS 223.47 230.89 238.73 247.01 255.75 264.97 274.69 284.94 295.74 307.11 307.73 321.93 336.80 352.35 368.62 385.63 403.44 422.06 441.53 461.90

Note:

* 1. The project is divided in two parts:

1. Methane Gas Generation through cattle dung digesation.

2. Power generation using methane gas.

Power generation is targated during the peak hours, while auxiliary consumption shall be on 24 hour basis. Therefore, the generation plant would need 150 K.W. of power connection from UPCL.

2 Value of Sales have been calculated for a 1 MW plant operation at 80% efficiency producing 18000 units of electricity, for which PPA have been executed at 3.32 Rs. Per unit.

3 Cost of Sales includes the Manure Sales cost at 1500 Rs. Per Ton

4 Depreciation have been calculated on straight line method @ 7% for first 10 years and 2% for the balance 10 years.

5 Interest and Principal have been served @ a3.25% amortised for 10 years

CHAPTER-"VIII"

Rs. In Lacs

PROJECTED

CHAPTER 'X' OF PROJECTED BALANCESHEET Rs. in Lacs. Rs. in Lacs.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

LIABILITIESEQUITY SHARE CAPITAL 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00

RESERVE & SURPLUS

- Subsidy from MNES 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00 360.00

- Reserve & Surplus 43.31 103.01 179.52 273.27 384.73 514.38 662.71 830.26 1,017.57 1,225.23 1,505.82 1,800.62 2,110.28 2,435.49 2,776.97 3,135.47 3,511.77 3,906.69 4,321.09 4,755.86

SECURED LOANS

Term Loan From Bank 609.07 541.40 473.72 406.05 338.37 270.70 203.02 135.35 67.67 - - - - - - - - - - -

UNSECURED LOANS

from Directors & Relatives 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78 61.78

CURRENT LIABILITIES &

PROVISIONS

Working Capital Limit 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00

TOTAL RS. ... 1,379.17 1,371.19 1,380.02 1,406.10 1,449.88 1,511.85 1,592.51 1,692.39 1,812.03 1,952.01 2,232.60 2,527.40 2,837.06 3,162.27 3,503.75 3,862.25 4,238.55 4,633.47 5,047.87 5,482.64

ASSETSFIXED ASSETS 1,261.81 1,166.83 1,071.86 976.88 881.91 786.93 691.96 596.98 502.01 407.03 454.90 447.76 420.63 403.49 386.36 369.22 352.08 334.95 317.81 300.68

INVESTMENTS 80.00 120.00 140.00 160.00 190.00 220.00 250.00 280.00 310.00 340.00 370.00 400.00 430.00 460.00 490.00 520.00 550.00 580.00 610.00 640.00

CURRENT ASSETS

Cash & Bank Balances (30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14 4,417.55

Stock in Hand 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00

Sundry Debtors 37.36 39.23 41.19 43.25 45.41 47.68 50.07 52.57 55.20 57.96 60.86 63.90 67.10 70.45 73.97 77.67 81.56 85.63 89.91 94.41

TOTAL RS. ... 1,379.17 1,371.19 1,380.02 1,406.10 1,449.88 1,511.85 1,592.51 1,692.39 1,812.03 1,952.01 2,232.60 2,527.40 2,837.06 3,162.27 3,503.75 3,862.25 4,238.55 4,633.47 5,047.87 5,482.64

- - - - - - - - - - - - - - - - - - - -

CHAPTER 'IX' OF CASH FLOW STATEMENT

Rs. in Lacs.

PARTICULARS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

CASH INFLOW

Cash Accruals 223.47 230.89 238.73 247.01 255.75 264.97 274.69 284.94 295.74 307.11 307.73 321.93 336.80 352.35 368.62 385.63 403.44 422.06 441.53 461.90

(After Tax & Before Interest)

Equity Share Capital 275.00 - - - - - - - - - - - - - - - - - - -

Term Loan From Bank 676.75 - - - - - - - - - - - - - - - - - - -

YEAR

PARTICULARS

Unsecured Loans 61.78 - - - - - - - - - - - - - - - - - - -

Central Subsidy (MNES) 360.00 - - - - - - - - - - - - - - - - - - -

Working Capital Limit 30.00 - - - - - - - - - - - - - - - - - - -

TOTAL (A) 1,627.00 230.89 238.73 247.01 255.75 264.97 274.69 284.94 295.74 307.11 307.73 321.93 336.80 352.35 368.62 385.63 403.44 422.06 441.53 461.90

CASH OUTFLOW

Fixed Assets purchased 1,356.78 - - - - - - - - - 75.00 20.00 - 10.00 10.00 10.00 10.00 10.00 10.00 10.00

Investments 80.00 40.00 20.00 20.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00

Term Loan Repayment 152.86 143.89 134.93 125.96 116.99 108.03 99.06 90.09 81.12 72.16 - -

Increase in Current Assets 67.36 1.87 1.96 2.06 2.16 2.27 2.38 2.50 2.63 2.76 2.90 3.04 3.20 3.35 3.52 3.70 3.88 4.08 4.28 4.50

TOTAL (B) 1,657.00 185.76 156.89 148.02 149.15 140.30 131.44 122.60 113.75 104.92 107.90 53.04 33.20 43.35 43.52 43.70 43.88 44.08 44.28 44.50

OPENING BALANCE - (30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14

NET SURPLUS ( A-B ) (30.00) 45.13 81.84 98.99 106.60 124.67 143.25 162.35 181.99 202.19 199.83 268.89 303.60 308.99 325.09 341.94 359.55 377.98 397.25 417.41

CLOSING BALANCE (30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14 4,417.55

(30.00) 15.13 96.98 195.97 302.56 427.24 570.49 732.83 914.82 1,117.01 1,316.84 1,585.73 1,889.33 2,198.33 2,523.42 2,865.36 3,224.91 3,602.89 4,000.14 4,417.55

0.00 0.00 0.00 0.00 0.00 0.00 - - - - - - - - - - - - - -

CHAPTER 'XI' OF CALCULATION OF WORKING CAPITAL

SL. NO. PARTICULARS PERIOD AMOUNT

A. INVENTORY

Raw Material - Nil

Bio- Manure - Nil

B. SUNDRY DEBTORS

Uttranchal Power Corporation Limited 1 Months 37.36

Others 1 Months -

C. TOTAL CURRENT ASSETS (A + B) 37.36

D. CURRENT LIABILITIES

Sundry Creditors Lump Sum 10.00

Expenses Payable Lump Sum 5.92

E. TOTAL CURRENT LIABILITIES 15.92

F. WORKING CAPITAL (C-E) 21.44

G. BANK FINANCE 75% OF Above 16.08

H. MARGIN MONEY FOR WORKING CAPITAL 5.36

CHAPTER -"XIII" OF OF CALCULATION OF DEPRECIATION

PARTICULARS

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

LAND & BUILDING 156.24 144.48 132.72 120.96 109.20 97.44 85.68 73.92 62.16 50.40 47.04 43.68 40.32 36.96 33.60 30.24 26.88 23.52 20.16 16.80

BUILDING & SUPER- STRUCTURE 413.20 382.10 351.00 319.90 288.80 257.69 226.59 195.49 164.39 133.29 124.40 115.52 106.63 97.75 88.86 79.97 71.09 62.20 53.32 44.43

PLANT & MACHINERY 609.02 563.18 517.34 471.50 425.66 379.82 333.98 288.14 242.30 196.46 258.36 265.26 252.17 249.07 245.97 242.87 239.78 236.68 233.58 230.49

OTHER FIXED ASSETS 83.35 77.07 70.80 64.53 58.25 51.98 45.71 39.43 33.16 26.89 25.09 23.30 21.51 19.72 17.92 16.13 14.34 12.55 10.75 8.96

TOTAL 1261.81 1166.83 1071.86 976.88 881.91 786.93 691.96 596.98 502.01 407.03 454.90 447.76 420.63 403.49 386.36 369.22 352.08 334.95 317.81 300.68

YEAR WISE COST INCURRED IN PURCHASE OF FIXED ASSETS

PARTICULARS

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

LAND & BUILDING 168.00

BUILDING & SUPER- STRUCTURE 444.30 - - - - - -

PLANT & MACHINERY 654.86 75 20 0 10 10 10 10 10 10 10

OTHER FIXED ASSETS ( INCLD. WC) 89.62 - - - - - -

TOTAL 1356.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75.00 20.00 0.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

NOTE: The cost of fixed assets indludes Pre- operative Expenses of Rs. 61.62 Capatilised.

YEAR WISE DEPRECIATION

PARTICULARS RATE OF

DEP. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

LAND & BUILDING 7.00% 11.76 11.76 11.76 11.76 11.76 11.76 11.76 11.76 11.76 11.76 3.36 3.36 3.36 3.36 3.36 3.36 3.36 3.36 3.36 3.36

BUILDING & SUPER- STRUCTURE 7.00% 31.10 31.10 31.10 31.10 31.10 31.10 31.10 31.10 31.10 31.10 8.89 8.89 8.89 8.89 8.89 8.89 8.89 8.89 8.89 8.89

-

PLANT & MACHINERY 7.00% 45.84 45.84 45.84 45.84 45.84 45.84 45.84 45.84 45.84 45.84 13.10 13.10 13.10 13.10 13.10 13.10 13.10 13.10 13.10 13.10

-

OTHER FIXED ASSETS 7.00% 6.27 6.27 6.27 6.27 6.27 6.27 6.27 6.27 6.27 6.27 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79

TOTAL 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 94.97 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14 27.14

(Rs. in lacs)

YEAR WISE WDV

YEAR WISE COST

YEAR WISE DEPRECIATION

CHAPTER "XII" OF FINANCIAL EXPENSES

INTEREST ON TERM LOANS

Years Opening Closing Average Total

Balance Balance Balance Interest

YEAR I 676.75 609.07 642.91 85.19

YEAR II 609.07 541.40 575.23 76.22

YEAR III 541.40 473.72 507.56 67.25

YEAR IV 473.72 406.05 439.88 58.28

YEAR V 406.05 338.37 372.21 49.32

YEAR VI 338.37 270.70 304.54 40.35

YEAR VII 270.70 203.02 236.86 31.38

YEAR VIII 203.02 135.35 169.19 22.42

YEAR IX 135.35 67.67 101.51 13.45

YEAR X 67.67 - 33.84 4.48

TOTAL (RS.IN LACS) 448.34

LOAN REPAYMENT SCHEDULE

Years PRINCIPAL INTEREST TOTAL

YEAR I = 67.67 85.19 152.86

YEAR II = 67.67 76.22 143.89

YEAR III = 67.67 67.25 134.93

YEAR IV = 67.67 58.28 125.96

YEAR V = 67.67 49.32 116.99

YEAR VI = 67.67 40.35 108.03

YEAR VII = 67.67 31.38 99.06

YEAR VIII = 67.67 22.42 90.09

YEAR IX = 67.67 13.45 81.12

YEAR X = 67.67 4.48 72.16

Total Rs (in lacs) 676.75 448.34 1125.09

DEBT SERVICE COVERAGE RATIO (DSCR)

= Cash Accruals + Interest on Term Loan

Principal + Interest

YEAR 1 = 1.46

YEAR 2 = 1.60

YEAR 3 = 1.77

YEAR 4 = 1.96

YEAR 5 = 2.19

YEAR 6 = 2.45

YEAR 7 = 2.77

YEAR 8 = 3.16

YEAR 9 = 3.65

YEAR 10 = 4.26

Average DSCR 2.53

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1

'PROJ.P&L'!X24

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the selected file format. These formats will be converted to the closest format

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6

Name of the Power Station: Bharat Biourja Limited.

(1) (2) (3) (4)

1 Gross Annual Fixed Charges (Form-3) (Rs. Crore) 4.48

2 Saleable Energy (Form-2) (MU) 5.26

3 Per unit Rate of Saleable Energy (1/2) (Rs./unit) 8.53

4Design Energy (net of aux. cons., trans. loss &

home state share) [Row 14, form 2-1](MU)

5.26

5Per unit Rate of Design Energy (net of aux.

cons., trans. loss & home state share) [1/4](Rs./unit)

8.53



Form 1: Calculation of Per Unit Rate (Old Form)

ParticularsSl.No UnitProjected Financial

Year 2011-12


(1) (2) (3) (10)

1 Installed Capacity (MW) 1

2 Date of commercial operation 1/1/2012

Type of Station

a) Surface (Yes/No) Yes

b) Underground (Yes/No) No

Type of excitation

a) Rotating exciters on generator (Yes/No) Yes

b) Static excitation (Yes/No) No

5 Design Energy as per TEC (Annual) (MU) 6.57

6 Estimated Energy Generated (MU)

6(a) Primary Energy (Estimated Energy upto Design Energy) (MU) 5.256 (80 % PLF)

6(b) Secondary Energy (Energy above Design Energy) (MU) -

Auxiliary Consumption ( Purchased from UPCL)

(a) In % of Energy Generated (%) 0.00

(b) In MU (MU) 0.00

Transformation lossess

(a) In % of Energy Generated (%) 1

(b) In MU (MU) 0.00

9 Energy Sent Out (6-7b-8b) (MU) 5.256

10 Home State Share (%) 100%

11 Saleable Energy {(9)x[1-(10)]} (MU) 5.256

12 Saleable Primary Energy (MU) 5.256

13 Saleable Secondary Energy (MU) 0.000

14 Design Energy (net of aux. cons., trans. loss & home state share) {[(5)-7(b)-

8(b)]*[1-(10)]}

15 Capacity Index 6.57



4

7

8

Projected

Financial Year

2011-12

Description

Form 2-1 : Computation of Saleable Energy & Capacity Index

UnitSl.

No.

3


(1) (2) (3) (4) (In MU)

1 April 0.55 0.44

2 May 0.55 0.44

3 June 0.55 0.44

4 July 0.55 0.44

5 August 0.55 0.44

6 September 0.55 0.44

7 October 0.55 0.44

8 November 0.55 0.44

9 December 0.55 0.44

10 January 0.55 0.44

11 February 0.55 0.44

12 March 0.55 0.44

Note: Data Submitted in Projected figures for generation at 80% PLF



Form 2-2 : Information on Energy Generated (MU)

Sl.No. MonthDesign Energy (In MU)

(Project Capacity)Projected for Energy generation at 80% PLF


1. LocationState/District Uttaranchal / Haridwar

Region/Village Roorkee (Imlikhers)

2. Type of Input

Cattle Dung 200 M.T./Day

Dry Solid Present in feed 32 M.T./Day

Total Volotile Solid present in Feed 25.6 M. T./Day

3. Collection

Area of Collection 35 KM from Imlikhera

Mode of Collection By Tractor Trolley

4. By-Product

Digested Manure

Total Amount of Digested Slurry 307.33 TPD

Total Solids after Degustation 19.33 TPD

Amount of Dried Bo- Fertilizer 27.66 TPD

Manure Water 252 TPD

Amount of water Evapourated 31 TPD

Net Amount of Water available for Discharged to

Field Irrigation

1. Reused in Plants 120 TPD

2. Released to Fields for Irregation 101 TPD

5. Disposal of By-Product

Digested Manure Offered to farmers @ Rs. 1500/-per M.T.

Manure Water Offered to local farmers free of cost.

6. Cattle Dung Collection

Type Tractor Trollies on community basis.

Size 5 tones of cattle dung per trolley

7. Pollution Reduction

Capturing of Methane 5 M.T. per day

Green Power Generation 12000 units per day

CO2 Bottling (Future Expansion) 20 M.T. per day.

8. Rural Development

Sanitation in Villages Cattle Dung is a major sanitation problem in

villages, its removal will keep village clean and

would take extra income for poor, as cost of cattle

dung.

Availability of High Quality Manure Project will make available high quality organic

quality organic manure to farmers to boost the

organic farming.

9. Power House

Type Bio-Meth nation

Installed capacity (No of units x MW) 3 X 0.35 M.W.

Peaking capacity during lean period (MW) 1 M.W.

Type of Generator Bio-Gas Generator

10. Switchyard

Type of Switch gear VCB & SF6 Breakers

No. of generator bays Three

No. of Bus coupler bays Three

No. of line bays Three



Form 2-3: Salient Features of Bio-Methanation Power Project


(1) (2) (11)

1 Interest on Loan (As per Form 9) 0.85

2 Depreciation (As per Form 5) 0.93

3 Advance Against Depreciation

(a) Loan repayment during year (As per Form 9) 0.68

(b) 1/10th of Loan (As per Form 9) 0.77

(c) Amount Admissible under AAD [Minimum of (a) and (b)] 0.68

(d) Advance Against Depreciation (AAD) [only if +ve]{3(c) - 2} 0.00

4 Return on Equity

(a) Rate of Return on Equity 13.25%

(b) Equity (As per Form 7, with the ceiling specified in Regulation 18) 2.75

(c) Return on Equity Incl. of Income tax 0.54

5 O&M Expenses (As per Form 11-1) -Incl of Insurance Charge & taxation 2.05

6 Interest on Working Capital (As per Form 10) 0.10

7 Gross Annual Fixed Charges (1+2+3(d)+4(c)+5+6) 4.48

8 Less; Other Income (Provide Details below) 0

(a) Sale of Bio- Manure ( 16200 M. T. ) 0

(b) Component 2, etc. 0

9 Net Annual Fixed Charges (8-9) 4.48

Note :

Rs. In Lacs

Total Projected Profit for Seven Years = 425.92

Average Projected Profit for one Year = 60.85

Capital Investments = 275

Average ROI = 14 %



Form 3 : Calculation of Net Annual Fixed Charges (Rs. in Crore)

Sl.No. Year ending March Projected Financial Year 2011-12

2. Average Profit over seven years has been calculated to be 14%.

1. As advance Admissiableunder AADminus depreciation is negative, so taken at zero.

Name of the Power Station: Bharat Biourja Limited. Year: 2011-12

Final Approved Cost as on Commercial Operations Date @

Capital Expenditure Date of commercial operation

(a) Power Project of One M.W. 13.27 1/1/2012

Original Financing Plan (Unitwise)

Debt 1 Canara Bank, Clement Town Dehradun 6.00

Debt 2 Cash Credit Limit 0.30

Debt 3 Unsecured Loans 0.62

Equity Share Capital 2.75

Quasi-Equity ( Subsidy from MNES) 3.60

Particulars of AssetsBalance at the

beginning of the yearAdditions during the year

Retirement of assets

during the year

Balance at the end of

the year

(1) (2) (3) (4) (5)

a) Land 0.00 1.33 1.33

b) Building 0.26 0.26

c) Major Civil Works 0.00

d) Plant & Machinery 0.00 11.35 11.35

e) Vehicles 0.00 - 0.00

f) Furniture and Fixtures 0.00 0.02 0.02

g) Office Equipment & Other Items 0.00 0.31 0.31

Total 0.00 13.27 13.27

Note:

1. The cost of fixed assets includes Pre- operative Expenses of Rs. 61.62 Lacs Capatilised.



Form 4-1: Statement of Gross Fixed Asset Base & Financing Plan (Amount in Rs Crore)

Rupee Term Loan

Foreign Currency Loan

Equity

0.00


Particulars of Assets

Balance at the

beginning of the

year 2011-12

Additions during

the year already

undertaken

Additions during

the year proposed

to be undertaken

2011-12


during the year

already undertaken


during the year

proposed to be

undertaken

Balance at the end

of the year

(1) (2) (3a) (3b) (4a) (4b) (5)

a) Land 0.00 1.33 1.33

b) Building

c) Major Civil Works

d) Plant & Machinery incl. erection, taxes & duties, T.Lne 0.00 11.35 11.35

e) Vehicles 0.00 - 0.00

f)Furniture and Fixtures 0.00 0.02 0.02

g) Office Equipment & Others incl.T Line 0.00 0.31 0.31

Total 0.00 13.27 13.27

Note:

- As per Projected data for the projected financial year 2011-12.



Form 4-2: Statement of Gross Fixed Asset Base & Financing Plan (Amount in Rs Crore)

0.00 0.260.26

Name of the Power Station: Bharat Biourja Limited. Year 2011-12

Particulars of AssetsRate of Depreciation

in %

Accumulated

depreciation at the

beginning of the year

Depreciation provided

for the year

Withdrawls during the

year

Balance of

accumulated

depreciation at the

end of the year

(1) (2) (3) (4) (5) (6)

a) Land 7.00% - 0.09 0.09

b) Building 7.00% - 0.02 0.02

c) Major Civil Works 7.00% - 0.00 0.00

d) Plant & Machinery 7.00% - 0.79 0.79

e) Vehicles 7.00% - 0.00 0.000

f)Furniture and Fixtures 7.00% - 0.00 0.001

g) Office Equipment & Others 7.00% - 0.02 0.02

Total - 0.93 - 0.93

Note:

i) Depreciation for any future year will be charged based on the Opening and Closing Balance for that particular year

iii) Details of Depreciation charged on FERV may also be furnised, if applicable.



Form 5-1: Statement of Depreciation (Rs. in Crore)

ii) Details shall be given in the above format from COD to preceding year on actual data and for Tariff Year on projected data, separately for each year.For the current year provide the

information in the form 5-2.

Name of the Power Station: Bharat Biourja Limited. 2011-12

Particulars of AssetsRate of

Depreciation in %

Accumulated

depreciation at the

beginning of the

year

Depreciation

provided for the

year on assets,

for Project Year

2011-12

Withdrawls

during the year

already

undertaken

Withdrawls

during the year

proposed to be

undertaken

Balance of

accumulated

depreciation at the

end of the year

(1) (2) (3) (4) (5a) (5b) (6)

a) Land 7.00% 0.09 0.09

b) Building 7.00% 0.02 0.02

c) Major Civil Works 7.00% 0.00 0.00

d) Plant & Machinery 7.00% 0.79 0.79

e) Vehicles 7.00% 0.00 0.00

f)Furniture and Fixtures 7.00% 0.00 0.00

g) Office Equipment & Others 7.00% 0.02 0.02

Total - 0.93 - - 0.93

Note:

i) Depreciation for any future year will be charged based on the Opening and Closing Balance for that particular year For Bharat Biourja Limited (Petitioner)

ii) Details of Depreciation charged on FERV may also be furnised, if applicable.


Form 5-2: Statement of Depreciation (Rs. in Crore)


Final Approved Cost as on COD@:

FY of COD -------- Preceding Year Tariff Year

Actual

Expenditure as

per actual Data

Expected

Expenditure in

balance period

Total

(1) (2) (3) (4) (5a)* (5b)** (6) (7) (8) (9) (10) (11)

A) Expenditure Details

a) Land

b) Building


d) Plant & Machinery

e) Vehicles

f)Furniture and Fixtures

g) Office Equipment &

Others

Total (A)

B) Break up of sources of financing

Rupee term Loan

Debt 1

Debt 2 * Foreign Currency Loan

Debt 1

Debt 2 * Equity

In Rupees

In Foreign Currencyc) Others (Please specify)

Total (B)

Note:

i) @Approved or Actual Cost which ever is Less

ii) The break up wherever required and necessary may be given in respect of Loans and Equity financing supported with respective loan documents etc.

iii) Copies of Approval from competent authorities may be furnished in respect of cost of project, its components and scheme of finance.

v) Remark++: Explain for the causes of deviation if the total actual expenditure is different from that approved by UERC or the authoridsed agencies For Bharat Biourja Limited (Petitioner)

vi)* Information has to be provided From C.O.D. to tariff year, hence columns may be inserted whereever required

* - As per actual data for current Financial Year - The period to be specified

** - Based on estimate for balance period of the curent Financial Year - The period to be specified Authorised Signatory

Form 6-1: Statement of Capital Expenditure from COD (Rs. in Crore)

Particulars

iv) Remark+: Explain for the causes of deviation if the actual expenditure during the current year is expected to be different from that approved by UERC or other authorised agencies

Remarks+

Total Expenditure

Approved by

Competent

Authority

Total

Expenditure

Actually

Incurred

Remarks++

Current Year


Particulars Year 1 -------- Current Year Tariff Year

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Opening balance of CWIP

Add: New Investment

Capital Expenditure

Expenses Capitalised

Interest During Construction

Less: Investment Capitalised

Comprising:

Transfer to GFA (excl. IDC & Expenses Cap.)

Transfer to GFA (IDC)

Transfer to GFA (Expenses Cap.)

Closing balance of CWIP

Note:

i) Year 1 is the financial year closing after COD of project. For Bharat Biourja Limited (Petitioner)


Form 6-2: Statement of Capital Works in Progress from COD (Rs. in Crore)

Preceding Years


Name of Agency approving the Project Cost Estimates Canara Bank, Clement Town, Dehradun

Date of Approval of Capital Cost Estimate January, 2012

Present Day Cost (As on

01.01.2012)

Completed Cost (As on

Scheduled COD)

Approved Cost 13.27 13.27

Foreign Exchange Rate considered for capital cost estimates

Cost Details

A) Basic Cost Currency Exchange Rate Amount (Rs. Crore)

Foreign Component N.A.

Domestic Component 12.67

Total Basic Cost a 12.67

B) IDC &FC

IDC- Foreign Component N.A.

IDC- Indian Component 0.60

Total IDC &FC b 0.60

C) Total Cost (Including IDC and FC) c=(a+b) 13.27

Rate of Taxes and Duties Considered

Schedule of Commissioning

Power Project of One M.W. 1/1/2012

Note:

i) Copy of Approval Letter to be enclosed For Bharat Biourja Limited (Petitioner)


Form 6-3: Statement of Capital Expenditure and Schedule of Commissioning for New Projects (Rs. in Crore)


Name of Agency approving the Project Cost Estimates Canara Bank, Clement Town, Dehradun

Date of Approval of Capital Cost Estimate January, 2012

Year 1 ----- Current Year

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

A) Expenditure Details

a) Land 0.62 0.62 0.62

b) Building


d) Plant & Machinery 0.04 0.04 0.04

e) Vehicles 0.00 0.00 0.00

f)Furniture and Fixtures 0.00 0.00 0.00

g) Office Equipment & Others 0.01 0.00 0.00

Total (A) 0.66 0.66 0.66

B) Break up of sources of financing

a) Loans/ Borrowings - 0.00 0.00

b) Equity 0.78 0 0.78

c) Others (Subsidy MNEW) - 0.00 0.00

Total (B) 0.78 - 0.78

Note:

i) Year 1 is the first year of project and expense booking is carried on the name of project.



0 0.00 0.00

Form 6-4: Break-up of Capital Expenditure for New Projects (Rs. in Crore)

Total

Expenditure

Incurred upto

01/07/2010Expenditure Actually Incurred

Remarks++

Total Expenditure

Approved by

Competent

Authority

Difference

between

column 6

and 7

Total Expenditure

supposed to be

incured till current

year, as per the

approved plan

Projected

Financial Year

2011-12

Particulars

Name of the Power Station: Bharat Biourja Limited. (Rs. in crore)

Sl.

No.Head of works

Original cost as

per projections

Acutal cost

incurred uptill

01/07/2010

Variation Reasons for

variation

1 2 3 4 5 61.0 Infrastructure Works 1.1 Preliminary including Development (Not

included in DPR)

1.1 (a) Land & Land Development 1.0000 -

1.1 (b) Boundry Wall 0.6800 -

Subtotal of Civil work not Included in DPR 1.6800

Civil Work as per DPR1.2 Buildings -

1.2(a) Administrative Office (8 m. X 6m. X 4m.) 0.0389

1.2(b) Control Room ( 8m. X 8m. X 4m.) 0.0458

1.2(c) Laboratory (8 m. X 6m. X 4m.) 0.0389

1.2(d) Security Office (6m. X 6m. X3m.) 0.0257

1.2(E) Electricity Station (10m. X 8m. X 4m.) 0.0520

1.2(f) Weingh Bridge (5m. X 2m. X 1m.) 0.0300

1.2(g) Fire Fighting Station ( 6m. X 6m. X 3m.) 0.0257

1.2(h) Manure Drying Yard ( 100m. X 45m x 7m.) 1.7241

Total Building (As per DPR) 1.9811

1.3 Other Civil Works (to be specified) - -

1.3(a) Surface Dressing for whole area 0.0051 -

1.3(b) Collection & Homogenization Tanks (size 12m.

X 12m. X 5.1m. & 12m. X 10m. X 4.1m)

0.2929 -

1.3(c) Dry Well (6m. X 5m. X 7.5m.) 0.0976 -

1.3(d) Digester ( 2 Nos.) ( 18m dia X 25m hight) 1.2672 -

1.3(e) Bio-Desulphurizer packed column ( size 1.52m

dia x 5.2m hight)

0.0657

1.3(f) Effluent Buffer Tank ( Size 10.5m dia x 4.6m

hight)

0.1022

1.3(g) Dewatering Station Yard (size 14.2m X 10.2m X

4m hight)

0.0909

1.3(h) Hooper Bottom settling Tank ( size 4m dia x 2m

hight)

0.0711

1.3(i) Press Water Collection Tank ( Size 4m Dia X 3m.

Hight)

0.1101

1.3(j) Aeration Tank (size 21m. X 13m. X 4.5m) 0.2070

1.3(k) Secondary Clerifiar (4.1m. Dia X 4.2m. Hight) 0.1520

Sub Total of Other Civil Works 2.4618

Total Civil Work 4.4430

i) Based on CPWD 2007 Schedule of rates

ii) Safe beating capacity 10 tons/sqm.

iii) Seismic Zone IV

iv) Basic Wind speed 47 m/second

v) land requirement 10000 sqm.



Form 6-5(a) : Break up of Capital cost for Bio-Methanation Power Project.

Assumptions


Sl.

No.

Head of works Original cost as

per projections

Acutal cost

incurred uptill


variation 1 2 3 4 5 62.0 Mechinical Equipments2.1 Weigh Bridge 0.0450

2.2 Mixers 0.1350

2.3 Digester feed pump 0.0220

2.4 Macerator 0.0740

2.5 Heating System 0.2800

2.6 Start-up Blowers 0.0250

2.7 Dry type gas holder 0.6000

2.8 Engine feed Blowers 0.0380

2.9 Screw press feed pumps 0.0276

2.10 Screw Presses 0.2400

2.11 Tilling Arrangments 0.0500

2.12 Wheel loaders 0.2700

2.13 Flare 0.0770

2.14 Flair Blower 0.0180

2.15 Air Compressor 0.0050

2.16 Bagging Machine 0.0250

2.17 Safety System 0.0750

2.18 Tube well Pump Set 0.0050

2.19 Chain Pully block 0.0050

2.20 Raw Effluent Transfer Pumps 0.0175

2.11 Fixed Aerators 0.0375

2.12 Secondary Clerifiers, Mechanical Parts 0.0190

2.13 Sludge Recirculation pump 0.0080

2.14 Mixing Arrangement for 2 Digestors 0.3000

2.15 Miscellaneous Equipments 0.1000

Sub Total of Mechanical Equipments 2.4986

3.0 Electro Mechinical Work3.1 Piping Work 0.4500

3.2 Electrical works 0.7000

3.3 Instrumentation 0.8000

3.4 Laboratory Equipments 0.1000

3.5 Bio-gas Engines 2.0000

Sub Total of Electro Mechinical Equipments 4.0500

Total of Mechinical & Electro Mechinical

Equipments

6.5486




Sl.

No.

Head of works Original cost as

per projections

Acutal cost

incurred uptill


variation 1 2 3 4 5 61 Mechinical Equipments 2.4986

2 Electro Mechinical Equipments 4.0500

3 Civil Works ( As per DPR) 4.4430

4 Civil Works ( Not included in DPR) 1.6800

5 Interest during Construction Period 0.5962

Total Project Cost 13.2678



Form 6-5(b) : Break up of Capital cost for Bio-Methanation Power Project.

Form 6-5(c) : Break up of Capital cost for Plant & Equipments

1 2 3 4 5 6

1.0 Generator, turbine & Acessories

1.1 Generator package 3.00 0.00

1.2 Turbine package (Draft Tube) 2.05 0.00

1.3 Unit control Board 0.73 0.00

1.4 C&I package 0.52 0.00

1.5 Bus Duct of GT connection 0.40 0.00

1.6 Total (Generator, turbine & Acessories) 6.70 0.00

2.0 Auxiliary Electrical Equipment

2.1 Step up transformer 0.53 0.00

2.2 Unit Auxiliary Transformer 0.76 0.00

2.3 Local supply transformer 0.05 0.00

2.4 Station transformer 0.05 0.00

2.5 SCADA 0.00 0.00

2.6 Switchgear, Batteries, DC dist. Board 0.04 0.00

2.7 Telecommunication equipment 0.00 0.00

2.8 Illumination of Dam, PH and Switchyard 0.00 0.00

2.9 Cables & cable facilities, grounding 0.39 0.00

2.10 Diesel generating sets 0.04 0.00

2.11 Total (Auxiliary Elect. Equipment) 1.86 0.00

3.0 Auxiliary equipment & services for

power station

3.1 EOT crane 0.18 0.00

3.2 Other cranes 0.04 0.00

3.3 Electric lifts & elevators 0.16 0.00

3.4 Cooling water system 0.05 0.00

3.5 Drainage & dewatering system 0.05 0.00

3.6 Fire fighting equipment 0.01 0.00

3.7 Air conditioning, ventilation and heating 0.02 0.00

3.8 Water supply system . .

3.9 Oil handling equipment 0.06 0.00

3.10 Workshop machines & equipment 0.00

3.11 Total (Auxiliary equipt. & services for PS) 0.57 0.00

4.0 Switchyard package 0.44 0.00

5.0 Initial spares for all above equipments 0.14 0.00

6.0 Erection Charges 0.58 0.00

Advance with suppliers

7.0 Total (Plant & Equipment) 10.29 0.00



Sl.

No.Variation

Head of works

Form 6-6: Break up of Capital Cost for Plant & Equipment on COD

Projected

submitted as

per DPR

Acutal cost

incurred uptill

01/07/2010

Reasons for

variation

(Rs. in crore)

Name of the Power Station Bharat Biourja Limited.

Name of the Power Station : Bharat Biourja Limited.

Sl.No.

Name/No. of

Construction / Supply

/ Service Package

Scope of works (in line with head

of cost break-ups as applicable)

Expected

Date of

Award

Expected

Date of

Start of

work

Expected Date of

Completion of

Work

Value of

Award1in (Rs.

Cr.)

Firm or With

Escalation in

prices

Actual expenditure till

the completion or up to

COD whichever is

earlier(Rs.Cr.)

(1) (2) (3) (5) (6) (7) (8) (9) (10)

1Mechinical

EquipmentsSupply, erection, testing and

Commissioning of the Equipment

01.10.2010 01.03.2011 12/31/2011 2.50 Firm in Price 0.00

2Electro Mechinical

EquipmentsSupply, erection, testing and

Commissioning of the Equipment01.10.2010 01.03.2011 12/31/2011 4.05 Firm in Price 0.00

3Civil Works ( As per

DPR)

all civil works incl. excavation in all

soils, concrete works, drilling holes

etc.01.08.2010

01.10.2010

12/31/2011 4.44 Firm in Price 0.00

4Civil Works ( Not

included in DPR)

all civil works incl. Boundary Wall

and Site Leveling etc.01.08.2010

01.10.201012/31/2011 1.68 Firm in Price

5Interest during

Construction Period01.08.2010

01.10.201012/31/2011 0.60 Firm in Price 0.00



Form 6-7: Break-up of Construction/Supply/Service packages


Year ending March Projected Financial Year 2011-12

(1) (2)

Basic Project Financial Parameters

Approved Capital Cost* 13.27

Addition during the year -

Deletion during the year -

Gross Capital Cost (A) 13.27

Equity against Original Project Cost 2.75


Equity Sub-Total (B) 2.75

Debt outstanding against the original Capital cost (CB) 6.00

Debt outstanding against the original Capital cost -

Cash Credit Limit from Canara Bank. 0.30

Un-secured Loans 0.62

Debt Sub-Total (C) 6.92

Grants against original project cost 3.60


Grants Sub-Total (D) 3.60

Total Financing (B+C+D) 13.27

Note :

i) *Approved or Actual Capital Cost whichever is less.

ii) The equity and loan shall be divided into foregin and domestic component if applicable.

iii)# Information has to be provided From C.O.D. to Tariff Year, hence columns may be inserted wherever required.



Form 7: Detail of Capital Cost and Financing Structure (Rs. in Crore)


Amount in

FC

Exchange

Rate

Amount in

Indian

Currency

Period of

Repayment

Grace

Period

Interest Rate /

Return on Equity

Guarantee

Commission

Upfront Fees/

Exposure

Premium

% of Total

Debt

% of Total

Equity

% of Total

PC

(Name of

Currency)(Rs./FC) (Rs. in Crore) (Years) (Years) (%) (Rs. in Crore) (Rs. in Crore) (%) (%) (%)

(1) (2) (3) (4) (6) (7) (8) (9) (10) (11) (12) (13)

(A) Debt

Foreign: 0 0 0 0 0 0 0 0 0 0 0

Indian:

Loan from Canara

Bank 6.00 7 13.25%

Cash Credit Limit 0.30 0 13.25%

Unsecured Loan 0.62 0 13.25%

Total Loan (A) 6.92

(B) Equity

Foreign:

Indian: 2.75 13.25%

Total Equity(B) 2.75 13.25%

(C) Grants

Foreign:

Indian: 3.60

Total Grant (C) 3.60

Total Financing (A+B+C) 13.27

Total Project Cost 13.27

Note:

(ii) FC- Foreign Currency For Bharat Biourja Limited (Petitioner)

(iii) PC- Project Cost


Form 8: Details of Financial Packages

Source of Funds

(i) In case of projects having achieved COD: Financial package details, as admitted by the Competent Authority on COD of the Project, shall be furnished in the Format alongwith supporting documents.

(ii) In case of projects which are yet to achieve their COD: Financial package details, as approved by the Competent Authority , shall be furnished in the Format alongwith supporting documents.


Loan Agency (Source of loan)Rate of

interest (%)

Repayment period

(Years)

Balance at the

beginning of the

year

Amount received

during the year

Principal due

during the

year

Principal redeemed

during the year

Principal

Overdue at

the year end

Principal Due at

the year endRemarks

(1) (2) (3) (4) (5) (6) (7) (8)=(6)-(7) (9)=(4)+(5)-(6) (10)

A. Other than state government

Loan 1 (Canara Bank) 13.25% 10 - 6.77 0.68 0.68 - 6.09

Loan 2 (Cash Credit limit Canara Bank)13.25% 0 0.30 - - - 0.30

Unseceured Loans 13.25% 0 - 0.62 - - - 0.62

Sub-Total (A) - 7.69 0.68 0.68 - 7.01

B. Government Loans

Sub-Total (B)

C. Normative Loans

TOTAL (A+B+C) - 7.69 0.68 0.68 - 7.01


Authorised Signatoryviii) Details to be provided in the above format, from the year of COD till tariff year separately for each year.

v) For current year, Loans already drawn and the loan proposed to be drawn by end of year to be shown separately.

vi) Any new loan from existing or new lenders to be identified separately as a Loan.

vii) In case of Foreign Currency Loans, data to be provided in the currency of borrowing alongwith the name of the currency..

Form 9-1: Statement of Outstanding Loans (Rs. in Crore)

Note: i) @ - In case reschedulement of any loan has been undertaken, the terms of reschedulement to be specified clearly, through an attachment alongwith copy of the letter from the Lender outlining the terms of Re-

scedulement.

ii) Any Loan not allocated to any Generating Station and not forming part of Appoved Financial Package, to be shown separately, with reasons thereof.

iii) Detailed Financial Restructuring Plan including the measures being taken by the Company to lower the interest costs to be highlighted for all loans in excess of present market rates benchmarked to current PFC

borrowings.

iv) The original Financing Plan and the cumulative repayment as per the Original Financing Plan to be outlined for each Loan.


Loan Agency (Source of loan)Rate of interest

(%)

Interest and

Financing expenses

incurred (accrued)

during the year

Interest and

Financing expenses

due during the year

Interest and

Financing

expenses paid

during the year

Overdue

interestTotal Overdues Remarks

(1) (2) (3) (4) (5) (6)=(4)-(5)(7)=((8) of Form 9-

1)+(6) (8 )

Other than state government

Loan 1 (Canara Bank) 13.25% 0.85 0.85 0 0.85

Loan 2 (Cash Credit limit Canara Bank) 13.25% - - 0 -

Unseceured Loans 13.25% - - 0 -

Sub-Total 0.85 0.85 - 0.85

Government Loans

Sub-Total

TOTAL 0.85 0.85 - 0.85


Authorised Signatoryviii) Details to be provided in the above format from the year of COD till Current year, separately for each year.

v) For Current Year, Loans already drawn and the loan proposed to be drawn by end of year to be shown separately.


vii) In case of Foreign Currency Loans, data to be provided in the currency of borrowing alongwith the name of the currency.

Form 9-2: Statement of Interest & Financing charges (Rs. in Crore)

Note: i) @ - In case reschedulement of any loan has been undertaken, the terms of reschedulement to be specified clearly, through an attachment alongwith copy of the letter from the Lender outlining the terms

of Re-scedulement.


iii) Detailed Financial Restructuring Plan including the measures being taken by the Company to lower the interest costs to be highlighted for all loans in excess of present market rates benchmarked to current

PFC borrowings.



Loan Agency (Source of loan)Rate of

interest (%)

Repayment

period

(year)

Balance at

the

beginning

of the year

Amount

proposed to

be drawn

during the

year

Principal

due

during

the year @

Interest &

Financing expenses

expected to be

incurred(accrued)

during the year

Interest and

Financing

expenses

paid during

the year

Weighted

Average

Exchange Rate at

COD for Loan -

Only for Foreign

Currency Loans

Expected

Exchange Rate on

due date(s) of

repayment of

Loan - Only for

Foreign Currency

Loans

Extra

Rupee

Liability

A. Other than state government

Loan 1 (Canara Bank) 13.25% 10 - - - 0.85 -

Loan 2 (Cash Credit limit Canara

Bank) 13.25% - - - -

Unseceured Loans 13.25% - - - - -

Sub-Total (A) - - - 0.85 - B. Government Loans

Sub-Total (B)

Sub-Total (A&B)C. Normative Loans

TOTAL (A, B & C) - - 0.85 -


`


viii) Extra Rupee Liability to be determined as the product of the principal due and the difference between the expected exchange rate and the weighted average exchange rate;


vii) In case of Foreign Currency Loans, data to be provided in the currency of borrowing alongwith the name of the currency.


Form 9-3: Statement of Outstanding Loan, Interest & Financing charges during Tariff Year (Rs. in Crore)

Note: i) @ - In case reschedulement of any loan has been undertaken, the terms of reschedulement to be specified clearly, through an attachment alongwith copy of the letter from the Lender outlining the terms of Re-

scedulement.


iii) Detailed Financial Restructuring Plan including the measures being taken by the Company to lower the interest costs to be highlighted for all loans in excess of present market rates benchmarked to current PFC

borrowings.


(1) (2) (3)

1 a) Fuel Cost for 4 months 0.66

2 b) Operation & Management Expenses for 1 months 0.08

3 c) Recievables- 1 months 0.04

4d) Maintenance spare @ 15% of operation and maintenance

expenses 0.01

5 Total Working Capital (1+2+3) 0.79

6 Working Capital Loan Required 0.79

7 Normative Interest Rate (%) 13.25%

8 Normative Interest on Working Capital (5 X 6) 0.10

Notes:


2. Spares are included in O & M expenses.


ParticularsSl.No.

Form 10: Calculation of Amount of Working Capital (Rs. in Crore)

Projected Financial Year 2011-12

1. O & M expenses for the whole year are Rs. 1.89 Crores. Therefore to arrive at one months O & M expenses it has been divided by 12 to get 0.16 crores (

or 16 lacs).

Form 11-1: Details of Operation and Maintenance Expenses (Rs. in Crore)


a) Input Cost (Consumption)

- Cattle Dung (Net of Manure Sales) 0.77

- Power Consumption 0.38

Sub-Total 1.15

b) Repair and Maintenance

- Plants and Machinery 0.23

- Buildings 0.01

- Major Civil Works 0.01

- Vehicles 0.03

- Furnitures and Fixtures 0.01

- Office Equipment & Other Items 0.01

Sub-Total 0.30

c) Administrative Expenses

- Insurance 0.02

- Rent -

- Electricity Charges -

- Travelling and conveyance 0.02

- Staff Car 0.01

- Telephone, telex and postage 0.02

- Advertising 0.01

- Entertainment 0.01

- Corporate mgmt expenses -

- Legal Expenses 0.01

- Others (specify elements) -

Sub-Total 0.10

d) Employee Cost

- Basic Salaries 0.33

- Dearness Allowance 0.03

- Other Allowances 0.03

- Bonus 0.03

- Staff welfare expenses 0.02

- Medical Allowances 0.02

- Others Expenses (specify elements) -

- Terminal Benefits 0.02

Sub-Total 0.48

f) Corporate Office expenses Allocated

- Employee expenses -

- Repair and maintenance -

- Training and Recruitment 0.01

- Communication -

- Travelling -

- Security 0.01

- Rent -

- Others (specify elements) -

Sub-Total 0.02

Total O&M Expense (Incl. Insurance charges) 2.05

Notes: (i) The process of allocation of corporate expenses to generating stations should be specified.

(ii) The data should be certified by statutory auditors.



S. No. ParticularsProjected Financial Year 2011-12


Sanctioned Working 1st Half 2nd Half Total

1 CEO 1 - 0.06 0.06 0.12

2 General Manager 1 - 0.048 0.048 0.096

2(a) Technical 5 - 0.02 0.02 0.04

2(b) Administrative 4 - 0.02 0.02 0.04

2(c) Accounts and finance 1 - 0.005 0.005 0.01

2(d) Un-Skilled Workers 15 - 0.05 0.05 0.09

Total 27 - 0.20 0.20 0.39

3 All Other Staff

3(a) Technical

3(a)(i) Officers 2 0.02 0.02 0.04

3(a)(ii) Staff - - - - -

3(b) Non-technical

3(b)(i) Administrative

3(b)(i.i) Officers 2 - 0.02 0.02 0.05

3(b)(i.ii) Staff

3(b)(ii) Accounts and finance

3(b)(ii.i) Officers

3(b)(ii.ii) Staff

3(b)(iii) Un-Skilled Workers

3(b)(iii.i) Officers

3(b)(iii.ii) Staff - - - - -

Total 0.04 0.04 0.09

4 Provision against vacant posts - -

5 Gross - - 0.24 0.24 0.48

6 Add: Corporate Office Allocation - - - - -

7 Less: Capitalisation - - - - -

8 Employee Cost Net of Capitalisation 0.24 0.24 0.481



Form 11-2: Details of Employee Costs

S.No.Number Cost (Rs. Crore)

Category of Employee

Name of the Company: Bharat Biourja Limited.

ASSETS

Fixed Assets

Gross Fixed Assets 13.27

Less : Accumulated Depreciation 0.93

Net Fixed Assets 12.34

Capital Work in Progress -

Other Assets -

Investments 0.80

Current Assets

Inventory of Materials -

- O&M stores -

- Construction stores -

Less: Provision for Stocks -

Receivables 0.37

Cash & Bank balance (0.00)

Loans & advances -

- O & M supplies -

- Staff & others -

Other Current Assets -

- Stock In Hand 0.30

- Deposits -

TOTAL ASSETS 13.81

LIABILITIES

Networth

Equity Share capital 2.75

Reserves and Surplus 0.45

Grants for Capital Assets 3.60

Statutory Reserve -

Debt

Existing Debt -

Payment due on capital liabilities -

Govt Debt -

Term Loans 6.09

Other Loans

- Working Capital Limit 0.30

- Unsecured Loans 0.62

Current Liabilities

Capital Supplies -

O & M Expenditure -

Other Current Liabilities -

- Accured Liabilities on borrowing -

- Other liabilities and provisions -

- Payables -

- Liabilities for expenses -

-Staff related provisions -

TOTAL LIABILITIES 13.81



Particulars

Form 12-1: Balance Sheet (Rs. Crore)

Projected Financial Year 2011-12

Name of the Company: Bharat Biourja Limited.

Income

Revenue from Sale of Power 4.48

Other Income -

Total Operational Income 4.48

Expenditure

Consumables & Stores 1.15

Water Charges

Repairs & Maintanance 0.30

Employee cost 0.48

Administrative and Insurance 0.12

Less : Expenses capitalised

Total Expenditure 2.05

Profit before Interest & Depn. (PBIDT) 2.43

Interest & financial Charges (incl. Lease Rent) 0.95

Less : Interest Capitalised

Depreciation 0.93

Operating Profit / (Loss) (OP) 0.55

Non-operational income -

Taxation 0.10

Profit/(Loss) after Tax (PAT) 0.45



Form 12-2: Profit & Loss Account (Rs. Crore)

Particulars Projected Financial Year 2011-12

BEFORE THE HON’BLE...under CDM (Clean Development Mechanism) producing the GREEN Energy. The feed as raw material is cattle dung to be collected from nearby villages (within radius

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