GUJRANWALA ELECTRIC POWER COMPANY LTD. Direct: 055- 9200507 Office of the PABX : 055-9200519-26/200 Chief Executive Officer FAX :055-9200122 GEPCO Ltd., 565-A Model Town G.T. Road, Gujranwala. No. CEO/FD/GEPC0/ CPC C r " ) '\ Dated: -2012 The Re(:,:istrar, National Electric Power Regulatory Authority, Of r)iiildina. 2nd Floor. Shahr-e-Jarnhuriyat Sector G-5/2, Islamabad. Th SUBJECT:- Petition of GEPCO for Determination of Consumer-End Tariff alonqwith Annual Revenue Requirement FY 2012-13 Pursuant to Amendment in the NEPRA Act 1997. Enclosed please find herewith the Tariff Petition for the FY 2012-13 alongwith annual revenue requirement of FY 2012-13 in respect of Gujranvicla Electric Power Company Limited (GEPCO) Gujranwala. It is requested that the same may please be admitted- for Tariff Determination of the FY 2012-13 along with annual revenue requirement FY 2012-13. DA: 1. Petition Summary along with standard petition templates & other documents. 2. Certified copy of resolution of Directors of the Company 3. Affidavit (Mehboob Alam) Chief Executive Officer,
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GUJRANWALA ELECTRIC POWER COMPANY LTD.
Direct: 055- 9200507
Office of the PABX : 055-9200519-26/200
Chief Executive Officer
FAX :055-9200122
GEPCO Ltd., 565-A Model Town G.T. Road, Gujranwala.
No. CEO/FD/GEPC0/ CPC Cr")'\ Dated: -2012
The Re(:,:istrar, National Electric Power Regulatory Authority, Of r)iiildina. 2nd Floor. Shahr-e-Jarnhuriyat Sector G-5/2, Islamabad.
Th SUBJECT:- Petition of GEPCO for Determination of Consumer-End Tariff
alonqwith Annual Revenue Requirement FY 2012-13 Pursuant to Amendment in the NEPRA Act 1997.
Enclosed please find herewith the Tariff Petition for the
FY 2012-13 alongwith annual revenue requirement of FY 2012-13 in respect of
Gujranvicla Electric Power Company Limited (GEPCO) Gujranwala.
It is requested that the same may please be admitted- for Tariff
Determination of the FY 2012-13 along with annual revenue requirement
FY 2012-13.
DA: 1. Petition Summary along with standard petition templates &
other documents. 2. Certified copy of resolution of Directors of the Company 3. Affidavit
(Mehboob Alam) Chief Executive Officer,
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CHEQUE NO 75888980
DATE 0 6-07-20/;'-
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r(ilr,R1111) %Chief Reaitive Officiar-
m",GEPCO.Ltd. Gujranwafa.
ranwala. •
MAN
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GUJRANWALA ELECTRIC POWER COMPANY LIMITED Petition for Fixation of Consumer End Tariff
For the FY 2012-13 along with Annual Revenue Requirement FY 2012-13
Before The Honorable National Electric Power Regulatory Authority
PETITION SUMMARY
1. DETAIL OF TnE PETITIONER
NAME AND ADDRESS Gujranwala Electric Power Company Limited 565-A Model Town, Ottiranwala
Distribution License No. 0-1/DL/200")
i. IZEPIZESENTATIVES OF GEPCO
a) Eneineer Mehboob Alan, CEO
b) NIL Muhammad Asad, Finance Director.
c) Mr. Ahsan Nascent Bhutta Operation Director
Emtinecr Zaki-Vd-Deen Chief Engineer (Planning).
et Engineer Munir Ahmed Mian Customer Services Director.
Seed I lashmat All Kazmi. Director I IR&A
GROUNDS FOR PETITIONER'S INTEREST
Petitioner being a Power Distribution Company, is a bona fide Power
Distribution licensee. In order to perform its obligatory duties prescribed
h\ the Authority (NEPRA) as per NI•RA Perlbrmance Standards
(Distribution) Rules .2005, the petitioner needs adequate fundim2. "Fliere
are three main sources of funding available with petitioner (i) internal
efficiency improvements. (ii) borrowings and (iii) adequate revenue
through tariff While the petitioner is already a highly motivated utility
timards continuous internal efficiency improvements: yet such
improvement measure requires commensurate linaneial resources either
through horr(mings or adequate win. As per general prune of
1
banking, industry. international or local. the financial viability of
borrowing organization is always taken as fundamental for lending
decisions. In short. internal financial viability of a utility is the basic to
embark upon and explore other resources of funds; which can only he
ensured through adequate consumer end tariff.
GEPCO, in its status as power distribution licensee, hereby files the tariff petition as per requirements of the NFPRA regulations.
3. IGIZOUNDS AND FACTS FORMING BASIS OF PETITION
FACTS
• tinder thc' 1997 NEPRA Act, NFPRA is responsible for determining tariffs and
other i terms and conditions fur the supply of electricity by the generations,
transmission and distribution companies and to recommend these to the Federal
Goyernnient. subject: to the need to comply with guidelines, not inconsistent
with the provision of the NEPRA Act. laid down by the Federal Government.
NI PRA . is also responsible for determining the process and procedures for
reviewing tariffs and recommending tariff adjustments.
• This petition is being filed in pursuant to the section 31 (4) of the Regulation of
Generation. Transmission and Distribution of Flectrie Power Act. 1997.
(-;1,ZOUNDS AND BASIS
SALF OF UNITS
The prOjected receipt of energy FY 2012-13 !Or G1111C0 is estimated as under:-
• Mliwh
I lnits received FY 2010-11 7.315
NEPRA determined receipt of units 7,548
hilts. received FY 2011-11 6,059
Ile 12,10 Wth in receipt of units remained -ye 4.86% from last FY 201.0-11 and —ye
7.80%. This negative growth was not due to the extraordinary increase in demand
but was due to the reduced generation capacity utilization.
Accordingly, keeping in view the current situation, the receipt of units is expected
to remain equivalent to the actual receipt FY 2011-12.
The transmission and distribution losses are expected to remain at 1 1% as per the
octuai achie\elliiilts ftoin lust two years. Therefore illy projected sale of --ts has
been projected as under:-
Gwh
Receipt of units 6,960
Less: Units losses 0? 11 °A) 766
Sale of t Inits 6,194
POWER PURCHASE (PPP)
:;used on expected receipt of units, and actual cost of generation. capacity charges
and use of system charges For the year 2011-12, the power purchase cost FY
2012-13 has been assumed as under:-
tars Rs. In Million Rs/kWh v Generation energy 5.0,550 . 7.27
v charges 17,350 2.49
;vstem charges _ 1.700 0.24
69,600 . 10.00
Cap:icit
Capacit
Use of
Total
DIST': I BE Fri ON MARGIN
Lcin \N, ise projected distribution margin is as under:-
Operation and Nlaintenance Expenses:
The operating and maintenance expenses have, been projected on the following
rio
I. Salary, wages and employees cost has been increased on the following basis:-
i. 10% increase in basic pay from July 2012 in the light of Federal Government
13udget FY 2012-13.
ii. 7% increase in salary with effect from December 2012 on account of annual
increment as per pay scales
di.. Pension Cost 20% increase from July 2012 in the light of Federal
Government Budget FY 2012-13.
v. Tsie∎■ rOcrilitinents gill require additional cost of Rs. 12.0 million per month.
2. Travelling expenses has been assumed on the basis of rates of daily allowance
• • increased bv' Federal Government effective from July 2010.
3. Repair and maintenance expenses have been increased by 11% in order to
(lover the in'Oationary impact which was around 15% during FY 2011-12 and is
expected to remain as such.
4. Vehicle running expenses have been increased by 10% because of increasinL
trend in the international oi,l prices.
5. Miscellaneous expenses, have been increased by 11% as per previous trends
and inflation rate.'
Projected
Projected 0 & M for FY 2012-13
NEPRA Determination FY 2011-12
Un-Audited FY 2011-12
Audited FY 2010-11
Head of Accounts . • FY 2012-13
inobec )
16.83
19.00
.11.11. •
1000.
11,11 '.
Rs. Mln Rs Mtn) Inc/(Dec ) Rs. Mln
%age *
IncJ(Dec.) Rs. MIn
Salaries, wages and employee cost
Traveling Allowance
_
4.650 3,563 (3.07) 3 980* . 35.07 4.106
122
464
186
634
200
500
205.
500 •
138
450
187
442
37.70
8.12
0.54
(40 88)
168
451
187
450
7.96
20.21
31.91
49.88
Repair and Maintenance
Vehicle Running
Other Expenses
Total 25.1 •3 ± 6,055 4,780. 22.64 5,236 20.52 5,512
* No provision on revaluation of long term benefits have been included which is being done
on the basis of actuarial valuation to be completed by August 2012. Further the figures will be
adjusted in case NEPRA accepts GEPCO request as given under.
Note on the I .ong Term Retirement Benefits
The Authority in its Determination of Tara FY 2011-12 for GEPCO, directed CEPCO to
create a separate fund bel'ore WI June 2012. The creation of fund would ensure that the
Petitioner records its liability more prudently as the funds would be transferred to a separate
legal entity.
In this regard. Followings are our submissions:-
I. Creation of separate fund is compulsory for contributed long term benefits. Please refer to
para 43 of lAS - 19 which deals fur Post-employment benefits: defined contribution plans.
The entity may create Cully or partly financed fund for defined benefit plans or may not create any fund. Please refer to pain 48 of 1AS - 19 Post-employMent benefits: defined benefits plans.
3. In accordance with the terms of employment of all the regular employees, the system of "defined long term benefits- exists in GEPCO. therefore creation of separate fund is not necessary for Ci[PCO.
4. The base of Authority's direction is to create the liability more prudently. The creation of fund will not provide any assurance as explained in para 49 of lAS — 19 which is reproduced for ready reference:-
Defined benefit plans may be unfunded, or they may be wh011y or partly funded by, contributions by an entity, and sometimes its employees, into an entity, or fund, that is
legally separate from the reportino, entity and from which the employee benefits are paid.
The payment of funded benefits when they fall due depends not only on the financial
position and the investment performance of the fund but also on an entity's, ability (and willingness) to make good any shortfall in the fund's assets. Therefore, the
entity is, in substance, underwriting the actuarial and investment risks associated
\Oh the plan. Consequently, the expense recognized for a defined benefit plan is not necessarily the amount of the contribution due for the period."
.I .he creation of fund \\ ill also necessarily add risk on return on investment and any shortfall in the total fund and the actuarial valuation has to be underwritten by GITCO. This would
then he made up the part of the petition to he recovered from the consumers. 6. As an example. the additional provision in the expenses FY 2010-11 was amountini2, to Rs.
903 ntiilio,t due to re\ ision in the pay scales by the Federal ( iovernment whereas NI'PRA is not recognizing. In the absence of tiny tariff support. DISCOs will not he able to make up such heavy Rinds investments. NI:PRA had not even recognized the actual payments amountit2 to Rs. -$35 million FY 2010-11.
7. The objective of providing the annual provision for Post-employment benefits: defined benefits plan. on the basis on actuarial valuation. is to create reserve in the Balance Sheet so that the shareholders would draw dividends net of the provision.
012
Conclusion:
Keeping in view the tight cash floW positions of DISCOs wherein the payables to the CPPA \vill be around Rs. 30 billion as on June 30. 2012 against payable to CPPA Rs. 11 billion as on
June 30, 2011. the Authority is requested to kindly review its earlier decision. Further in order
to avoid complex situation, the actual payments to pensioners during the financial year may please be allowed to keep DISCOS financially viable.
Depreciation
During the year, GEPCO has planned the addition in the fixed assets by Rs. 5,568 millions (as
explained in , the investment section), therefore, the depreciation charge for the year 2(112-13
\vill be Rs. 1,117 million as against determined depreciation of Rs. 971 million FY 2011-1 7.
The arnorti7lition of the , deterred credits' has been estimated at Rs. 450 million. The net
depreciation. 'charge would be Rs. 667 million.
Return On Regulatory Asset Base (RORB)
ROR1.3 has been based on following calculations:-
Desc'riPt ion
,
Rupees in Million
FY 2012-13 Projected
FY 2011-12 Determined
Gross Fixed Assets in Operation - Opening Bal 30,479 27,707 Addition in Fixed Assets 2,418 2,772 Gross Fixed Assets in Operation - Closing Bat 32,897 30,479 Less: Accumulated Depreciation 10,471 9.354 Net Fixed _ . Add: Capital
Investment
Assets in Operation 22.426 21.125
1,93 I Work In Progress - Closing 13',11 5.081
in Fixed Assets ' 27.507 23,056 Less: Deferred
RegulatorS: _
/,\ verage
Rate ()I'lturn
Return ontRate
Credit 12.092 10,842 Assets Base 'i
.., 15.415 17214 _
Regulatory Assets Base
Base
13.815
11.25%
11.668 _ _ _ _
11.25%
1.554 1.313
Other hICOMC
The other income has been estimated at Rs. '1,600 million against determined other income of Rs. 1,505 million FY 2011-12.
PyL
6
1113
Particulars
DOP
111.R
11RP
6 S l O- 0%\ n Source
6 S I 6- Loans
Capital contributions/grants
Total
Rs. In Million
200
300
100
868
2.850
1.250
5,568
Based on ab,,Nc_ the projected Distribution Mare,in (DM) FY 2012-13 would be as under:-
Rtmces in Million
Description FY 2012-13 Projected
FY 2011-12 Un-Audited
FY 2011-12 Determined
FY 2010-11
Audited
----- - ----- Operation and Maintenance
expenses
6.055 5,236 4,780 5,512
Depreciation 1.117 971 971 886
RORU 1,554 (5,206) 1,313 (1,086)
Gross DM 8,726 1,001 , 7,064 5,312
1.e:i.-; other income k 1.600) i ; za)-,;) (1,505) (1,638)
Net DM 7,126 (561) 5,558 3,674
INVESTMENT PLAN & FINANCING (CAPEX).
During the year FY 2012-13, investment plan has been chalked out as follow:-
Investment
Financinu
1';irticakffs
O%\n sources
koreign currency loans
Capitol contributions/grants
Total
Rs. In Million
1,468
2 .850
1,250
5,568
Rationale of the Investment
Distribution of Power program
Major investment is planned for the construction of offices/residential buildings, water tanks,
boundary walls of various grid stations and other civil works. The total amounts for said works arc
estimated for Rs. 75 million.
The ktintlinine dllocation under l)OP amountinit io Rs. 1T "S million is Cor
distribution of power systems updating and extensions, tools & plant, etc.
••••• VvorlstS
1 :.11er11\ LOSS Redlle ti011 ( E l .k )
With the:growth in demand on account of new consumers and additional usage of electricity by the
existini! ',x.:olisumers. the distribution system requires periodic up-gradation in order to avoid
distribution system failure.
Aceordingh regular investment is made in the system Augmentation/Extension and up iiradation
of . IIT/ET line system in order to keep the down the ever increasing distribution losses being
emer;jini, all the .times due to continuous increase in the demand.
oth STG Own sources
The I-12IKV tmnsmissiOn lines and grid station construction are being upgraded. The details of the
ongoing and netv projects are as Contras:
1),517
ti
11 5
Rationale of the Project
2 in Narowal and 2 in Pasrur
New capacitors installation at 12 grid stations.
Two transmission lines — Sukheki to Pindi 13hattian .1P Bhattian
Awan Shari f. Lines were approved in 6 11 STG PC-1 To change the existing conductor to Greeley due to overloading of the existing conductor.
Description
KV capacitors New transmission
lines
Re-conductoring of lines New projects Addition of power tr.10.j1Innets
New line hays
Re-conclUCL01111L2.
Orli nes
New transmission line
Out of GITC0 share AD13 projects
Out ot- GrPCO share K VC:.111 FOIL:CIS
TO'T'AL
8
On-going projects
Addition of I ne bays
Addition of
Amount.
Rs. Mil
30
95
110
100
60
;-)
40
150
868
.4 new power transformers were purchased under ADB-Tranche 1 and the spare transformers shah be added in the cxisting overloaded grids. Only civil work and related infrastructure cost has been estimated. 6 number line bays are to be constructed to connect the Sahowala -Pasrur new Tiline and to connect new grid station at Godhpur under ADB Tranche
To change the existing conductor to Greeley due to overloading of the existing conductor.
Civil work for the new double circuit transmission line Narowal-Pasrur due to Hubco Power Plant at Narowal.
Fstimated cost to he incurred by GEPCO on AD13 Tranche II loan as the projects are financed on the basis of 80% loan, 20% GliPCO own resources. _
5() -do-
oth ST( I .Oans
In accordance with the approved PC-1. the GoP has borrowed funds from ADI3 and Fxini Bank
Korea. The t ioP has further relent these loans to CdiPCO. Copies relent loans have been attached
hcre\\ i t h roy fC'ddy re i.erCIICC. I he 1-0110%\ io i/, projects have been awarded on turn-key basis:-.;
1' 11i
Project Description
.
Contractor Total Cost
Rs. Mn ADB-Tranche II
Turn key -- new AIS Daska. Godhpur and double circuit
Sahowala-Godhpur transmission line. Siemens 650
Turn key — one new GIS grid station and one new AIS grid
station at Cittiranwala A1313 Consortium 578
Conversion of two 66KV grid stations to 132KV AIS grid stations and related transmission lines
Siemens 634
127 KM transmission lines ICC 988 •xim Bank Korea
Six new AIS and one new GIS grid stations on turn key basis Consortium of
Daewoo al id 1-1) ilud di
3.307
Total 6.157 Expenditure FY 2012-13 , 2.850
Deposit kVorks/Capital Contributions:
Various works will be carried out against the funds received from public as deposit works.
capital contributions and grants received from government through their MNA's/M PA's under
various development schemes, mounting to Rs. 1.250 million.
NEW LONG TERM LOAN — DEBT SWAP
A brief History of the transaction has been given as under:-
• GoP sovereign guarantee based T17C amounting to Rs. 136.45 has been arranged through Power llolding (Pvt) Limited (PI II,).
• As per working of PEPCO, GEPCO share conies to Rs. 3,666 million. • The Loan was disbursed on February 22. 2012. • 'hie rate of profit on new loan is 3 month I:1130R f 2% with a discount of 1% if
additional security on DISCOs receivable is provided to the banks.
he BOD (11:.PCO has already approved the financing of Rs. 3.666 million from PI II. and assignment of GITCO receivables provided that GEPCO legal advisor issues a clean opinion on the documents.
•
Ranks demanded joint liability of all the DISCOs which was not legally possible due to the conditions of Distribution License awarded by NEPRA.
• The matter is still under process with Banks. • PHI. demanded the mark-up for the quarter February 22, 2012 to May "'I, 2012
amounting to Rs,, 12-1 million which could not be processed because non-execution of financing agreement and also PI II. has not disbursed any loan to GEPCO nor CITA has issued an% confirmation that GI-TCO payable towards CITA has been reduced due to direct disbursement of loan by PI Ii, to CITA.
017
10
• As per the working paper. MoWP has to issue policy to NEPRA to allow the servicing of the debt in the tariffs of the DISCOs.
• The Financial cost associated with this loan will be Rs. 475 million per year (Profit
rates assumed at 13%)
The AuthorUy is requested to approve the debt servicing cost to be passed to the consumer.
Otherwise the cost may please be made part of the tariff as a tariff differential subsidy item
because the debt service cost is high enough to make, already financially depressed DISCOs to
further insolvency.
1312 1012 YVAR A D.1 t ISTM
The ever increasing cost of generation, the delayed determination of tariff, monthly fuel price
adjustment litigation and complexities, un-ability of the GoP to pass on the determined tariff to
the consumers. non-implementation of the quarterly adjustment mechanism as given in the
tariff determination FY 2011-12. are all the factors increasing the circular debt day by day
resulting in reducing the generation and increasing the load shedding. The net impact will be
the further increased tariff FY 201")-13.
The item \‘.i:,e finaneial implications have been tabulated as under:-
DL‘scription Amount Rs. Mn
Difference of reference & actual Capacity 8.: klOS charges 2.604 FPA. for life line consumers 484 FPA far T&D lost units 1,431 Consumer mix 4,125 Inconit, tax paid during FY 2011-12 68 1)(le h, revision of invoice for Capacity & liOS charges by CPPA FY 2010-11 ' 101 Total . . 8,813
The impact of orders of Lahore Iligh Court for not charging FPA to domestic consumers having con.iiimption 51-350 Kwh has not been accounted for because this order is valid till final the decision on the petitions. :?/
C (3
STATEMENT OF REVENUE REQUIREMENT
Based on the above submission. the revenue requirement FY 2012-13 has been calculated as
under:-
Description Projected
FY 2012-13
Determined
FY 2011-12
Power purchase price Rs. Mln. 69,600 71.378
Distribution Margin Rs. MM. 7,126 5,559
Debt service cost — new TI:Cs Rs. Mln. 475 -
Year _
Prior Adjustment Rs. Min. 8.813 2.948
I otal Rs. Min. 86,014 79.885
Sale of units MKwh 6,194 6,755 II
Average tariff Rs./Kwh 13.8867 11.8260
PRAYS
la) Following adjustments may kindly be allowed:-
I , TarilT FY 2012-13 be determined.
u., !Approve the Distribution Margin FY 2012-13 iii. Investment be allowed for Rs. 5,568 million.
Distribution Margin amounting to Rs. 7,126 million be allowed. v. Prior year adjustment amounting to Rs. 8.813 million be allowed vi. Debt service cost — new 'ITC amounting to Rs. 475 million be allowed
Line losses be allowed R11%.
(h) Alter having all eliects in the tariff the required average sales rate / tariff as
worked out Rs.I 3.8867/KWh may please be allowed as per "proposed schedule
of consumer end electricity tariff.
An further inlUrmation or updating existing information may be allowed.
SUMMARY 9F p.,,yiDENcE
In support of the petition in fiand following schedules are submitted for
consideration of the Authority:
I. NI ..1'RK\ standard petition forms containing the data.
Resolution of the Board of Directors of Gujranwala Electric Power Company Limited on June 25th , 2012.
At the albresaid meeting, it was resolved that:
"Resolved unanimously that the petition for determination of consumer end tariff of the Gujranwala Electric Power Company (the "Company") for the financial year 2012-13 alongwith annual revenue requirement FY 2012-13 be filed with National Electric Power Regulatory Authority (NEPRA).
Further Resolved that Mr. Mehboob Alain, Chief Executive Officer along-with other management officers indicated in the summary of the petition be and are hereby: authorized to sign individually or jointly the necessary documents, pay the necessary filing fees, appear before the Authority as needed, and do all acts necessary for completion and processing of the applications".
Date: 04 July, 2012 COMPANY SECRETARY GEPCO LTD . GO-am/vale
ny Secretary)
2 0
AFFIDAVIT
1, Mchboob Alam s/o Khurshid Alam, Chief Executive Officer Gujranwala
Electric Power Company Limited holding CNIC No. 35202-0608972-I
being duly appointed Attorney of Gujranwala Electric Power Company
Limited [(GEPC0), 565-A Model Town, Gujranwala, Pakistan, hereby
solemnly affirm and declare that the contents of this Tariff Petition for
financial year 2012-13 alongwith annual revenue requirement FY 2012-13 ,
dated 7 ,2012, including all supporting documents are true and
correct to the best of my knowledge and belief and that nothing has been
concealed.
Verified on this 6/4 day of jai , 2012.
Deponent
(Mchboob Alani.)
P 21
PAKISTAN 50 RS.
F
STANDARD PETITION FORMATS FOR DISTRIBUTION COMPANIES
INDEX
FORM NO. DESCRIPTION
-I_ Company Statistics
' 2 Profit & Loss Statement
3 Profit & Loss Statement ( Month wise )
4 Balance Sheet
5 Cash Flow Statement
6 Power Purchase (FY 2012-13)
7 Line Losses StatemIent
8 DISCO load factors '
9 Average Rate per Unit Purchased and Sold
10 i, DEMAND (Actual ctual and Calculated) and Number of Customers
11 Sold Energy Evaluation and Setting up Sold Energy Average
12 , Load Growth Evaluation and Setting up Load Average
13 Asset Register
14 Aging of Accounts Receivables
15 j i
Sales Growth with Distribution losses
16 Operating Cost
'17 j Distribution Margin Comparison
18 Financial Charges
19 , RORB Calculation
20 Revenue RegUirement
21' Investment,
22 Interest on DeVelopment Loans
2 ' Development Loan
24 BONDS '
25 Domestic Consumers Analysis
26 Provision for Tax
27 Existing & Proposed Tariff Statement
28 Revenue & Subsidy Statement
29 ' Proposed Revenue & Subsidy Statement
P23
FORM -1
Gujranwala Electric Power Company Ltd. Company Statistics
Period Period 2011-12 2012-13
Peak demand (MW) .1,994 2,090
Number of Consumers Mln 2,635,000 2,730,000
Area Gujranwala Civil Divison
Circles 4 4
Divisions No. 23 23
Sub Divisions No. , 114 114
Length of Feeders KM 20,809 22,000
Avo.-3cja Length of Feeders KM 31.39 31.33 Mayirum Length of Feeder KM ! 171 171
Minimum Length of Feeder KM 0.5 0.5 Target for new connections No. 95;000 95,000
Profit for the period [Min IN 877 960 2,122 3,959 810 1,164 422 2,396 (984) (196) (1,536) (2,716) (1,412) (780) 107 (2,085) 1,554
• artua! figures are available tnese should be replaced by the actual figures
FORM - 4
Balance Sheet fin million Rupees]
Act /Prov. FY 2011-12 :
Projected FY 2012-13 '
Intangible Fixed Assets - - Net Fixed assets in operation 21,176 22,425 Total Fixed Assets 21,176 I 22,425
Capital Work in Progress 1,931 5,081 Long Term Lccas to Employees 137 (37 Deferred Cost & Long Term Deposits - -
Current Assets Stores & Spares 1,800 1,800 Trade Debts 16,047 8,000 Advances, Prepayments, Other Receivables 4,500 4,500 Tariff Subsidy (Receivable from GoP) 68 - Receivable from Associated Companies 200 300 Short term investments/advances 1,725 1,900 Casa & Bank Balances • 800 800
Total Current Assets 25,1'40 17,300 Total Assets 48,384 44,943
Subscribed Equity - 0.01 0.01 Deposit for Shares 3,019 3,019 Unappropriated Profit (11,363) (995) Total Equity (8,344)1 2,024
Long Term Liability Security Deposits 2,400 2,520 Employee Retirement Benefits 6,500 6,500 TFCs & SUKUK - Deferred Credits 10,842 12,092 Total Long Term Loan 1,633 . 4,483
Total Long Term Liability 21,3751 25,595
Current Liability Current Maturity on Long Term Loans 98 98 Subsidy Received in Advance from GoP - - Provision for Taxation - - Payable to NTDC 28,755 10,727 Creditors. Accrued and Other Liabilities 6,500 • 6,500
Total Current Liability ' 35,3531 17,325
Tots Liabilities and Commitments 56,728 I 42,920
Tota Liabilities and Equity 48,384 44,944
0 0
\MAL submitting Quarterly Petitions • this form should be submitted with actual ce sheet of previous quarters and projected balance sheet of next quarter.
The valance Sheet should be substantiated with notes to the accounts.
FORM - 5
Cash Flow Statement fin million Rupees]
Description
Act./Prov. FY 2011-12
Projected FY 2012-13
Average Monthly Demand I (MDI) [MW] Units Purchased [GWh] Distribution Losses [GWh] Distribution Losses % Units Sold to Customers [GWh] Energy Receivables (end of year)
1,530 6,959
775 11%
6,184
1,662 6,959
775 11%
6,184
Average Tariff Required [Rs/unit] Average Tariff Existing [Rs/unit)
, 1 Tariff Difference . [Rs/unit]
Revenue from Sales Collection from Required ro]
- -
inflows from Operations !Collection from Current Sales Prior Year Recovery - Total Inflows from Operations
Outflow from Operations Payment to CPPA Distribution Operation Cost
0 0
Total Outflow from Operations
Surplus/Deficit from Operations
0
0
0
-
Inflows from Other Sources Capital Contributions Consumer Security Deposits Other Incomes GOP Subsidy Long Term Loan / Redeemable Capital Total Inflows from Other Sources
Outflow Others Financial Charges Repayment of Long Term Loans Investment Program Working Capital/other Changes
0 0
0
-
Total Outflow Others
Total Inflows (Operations + Others)
0
0
Total Outflows (Operations + Others) 0 - Surplus/Deficit Others - _ Opening Balance Surplus/Deficit for Fiscal Year Deficit from Financing/Loans
0 0
0 0
Closing Balance 0 0
P.23
FORM - 6
Gujranwala Electric Power Company Ltd. Power Purchase (FY 2011-12)
' Where actual figures are available , these should be replaced by the actual figures. ••
In case of actual figures. adjustment should show monthly fuel adjustment separately and under the month to which it relates.
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 M anth 7 Month 8 Month 9 Total
1st m
on
th o
f th
e a
rt
mo
nth
of th
e a
rt
FORM - 6 (13 )
EPP Adjustment EPP • 1st month of the Ort
Reference. Actual _ . Disallowed
3.525 5 044-
26
2.782 4,548
3 096 394
. Fuel Price Adjustment Allowed
EPP - 2nd month of the CM Reference. - 2.993 2.599 2.904 Amual 5813 3.233 2.912 Disallowed Fuel Price Adjustment Allowed
EPP • 3rd month of the Ott Reference • 2 917 3.035 3.262 Actual -1.261 3.392 4.183 Disavowed Fuel Price Adjustment Allowed
True( Losses for Le quarter 1050% 1050% 10 50% 1050% 10.50% 1050% 1050% 1050% 10.50%
1st month of the Ort Units Received ifatl$M) 759 656 365 Units to be sold (NAM) 651 594 340 Units without life line and Agnadtural (MMA10 633 576 295 Adjustment already given (ken Rs) Adjustment that should have been %nth allowed casts only (Min Rs) mpam of disallowed casts (Min Rs) Remaining adjustment for the quarter only allowed (Min Rs)
Remaining adjustment for the quarter with allowed & disallowed (Min Rs)
2nd month of the Ort units Received (Mk%9) Mars to be sold IM14111) Units wthout Life line (hrlrAh) Adjustment already given (81In Rs) . - Adosenent that should have been with allowed costs only (Min Rs) imoac: of disai/owed costs (hiln Rs/ Remaining adjustment for the quarter only allowed (Min Rs) Remaining adjustment for the quarter with allowed 8 disallowed (Min Rs)
676 514 405 727 512 381 712 492 339
9.403 12 .986
26
8,395 11.958
9,214 11,936
10.50%
1,811 1,585 1.504
•
1.795 1,620 1,543
3rd month of the art -nits Receive., iM• nhi 755 470 434 1.660
,;rats to be Soto 704 4 50 374 1 535
Jilts .thou: L.'e lire (MANN 690 43C 332 1.452
AC;ustrnen: already given (Mn R si
4.:cistmeN ma: shc.,;d cave been with allowed costs only Win Rs)
In-o4❑ df disavowed cysts (Min Rs1 Remaining adjustment for the quarter (Min Rs)
Remaining adjustment for the quarter with allowed 8 disallowed (Mtn Rs) Total Adjustment on account of EPP allowed only (Mln Rs) Total Adjustment on account of EPP allowed and disallowed (Min Rs)
CPP ADJUSTMENT Pe) for the 1s1 month of the Oil 1 70 2.00 3 40
MI month of the Crt Actual CPA per k'..e.h De4I COA per loAh 1 70 340 510
Adjustment Required for the Month (Min Rs)
P.ef for Me 2n3 1,10:1:5 Cl me On 2 00 230 300 730 2na month Of the On Actual CPP per kNh Delta COP per kith 30 373 533 Adjustment Required for the Month (Min Rs)
Ref. for the 3rd month of the crt 1 90 300 220 710 3rd month of tht-Ort Actual CPA pet 101.11 Detta CPA per 1.W1 300 220 520 Adjustment Required for the Month (Mln Rs)
Total Adjustment on account of CPP (Min Rs)
UoSC ADJUSTMENT Pet for trio 1st mOrth of the On 020 0 20
1st month of the OR Actual UoSC per kVA., Delta UoSc per kVit Adjustment Required for the Month (Mln Rs)
0 20 0 20
0 24 0 24
Ref. for the 2nd month of the Ort 2nd month of the On Actual UoSC per k lAil Delta UoSc per kW, Adjustment Required for the Month (Mth Rs)
Ref. for the 3rd month of the cal 3rd month of the Oct Actual UoSC per kWh Delta UoSc or kV.ti . Adjustment Required for the Month (Mln Rs)
Total Adjustment on account of UoSC (Mtn Rs)
Total Adjustment for the quarter allowed costs only (Min Rs) Total Adjustment for the quarter allowed ft Disallowed costs only (Min Rs)
Impact of Ewa or Less Purchases
Ref Unit Purchased ( MkWh ist month of the On 2nd month of the On 3rd month of me On
Actual Unit Purchased I MkYno IP month of the On 2nd month or the On aro month of me On
Difference ( MkWh Ut month of the On 2rd month of the On 3rd month of the On
PPP Pet ( Per litAto
Ref PPP t per kWh ) itt month of the err
2.to month of to Crt 3ro montn of ire On
Impact of extra Purchases ( Rs. Millions )
FORM - 7
Gujranwala Electric Power Company Ltd. Line Losses (FY2011-12)
CM...eft Cdpently entney Sten ul all Use 01Sysletti Odle pet Litytoy 10 , C11.911•• Clidnde Chem, Hale let 1115, 10.0. Kee /et 6+911 pe t 1,91711 II 19
11{0 Mt Nil 00.1 19,1 I 145A1/511 I I Hyle.Y.7. / 1 14,4540, I 14 ,..6511 1
' The reasons of increase/ decrease in actual expenses against the determined expenses ano Me justification of the increase required for the period under consideration.
-i- he details of existing and increase in number of employees department wise along with cost and strength analysis should be provided
C Depreciation & Amortization
Depreciation (Min Rs) 971 279 279 279 279 . 1,117
Amortization cf Leased Assets lair, Rs]
Teta. tAtnit::1 971 - 279 : 279 279 279 1,117
D Provision for Bad Debts
Provision for bad debts '
Mnii Rs]
Bad debts written off
IMS1 r2,1
• aruis of this provision should be elaborated
23
r 4 4
FORM - 20
Gujranwala Electric Power Company Ltd.
Revenue Requirement Period Period Period Period Period Total
FY 201213 Projected
Determined FY 201142
1st DV FY 2012)13
2nd OW FY 2012.13
3n1 Otr FY 201213
410 Otr FY 2012-13
A Power Purchase Price pain Rs) 71,378 20,435 15,597 14,879 18,699 69,600
1E/ DM
O&M (Mtn Rs) 4,780 1,514 1,514 1,514 1,512 6.055
Depreciation , Win Rs] 971 279 279 279 279 1,117
RORB . 'Mtn Rs) 1,313 1,554
Other Income (Mni Rs) (1,505) (399) (399) (402) (400) (1,600)
Impact of Disallowed Losses (Mil Rs)
Total DM WI)) Rs) 5,559 1,394 1,394 2,789 1,391 7,126
. ,,, m¢ Caoacde and ‘:se of System Charges !corn loly-2011 o Feb.4012 h s been taken rum dete ern., mg, FY 2010.11 and from aAarch.2012 to lone 2032 has been taken horn determination FY 2011.12.
Annexure-13' Gujranwala Electric Power Company Limited
Calculation of FPA ror the Period July-2013 to June-2012
fe LineConsumers having consumption' up to 1 - 50 kwh . —.-- —