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44147 · 4754, griiieryi dE. 114-009/2003/20-1-03,

648 · 1, %$ 1930

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5 · 10. Rate for Infirm Power: Rate for power supplied to a licensee prior to declaration of date of commercial operation shall be equal to energy (variable) charges:

5 · 11. Rate for non-firm Power: Rate for non-firm power shall be equal to energy (variable) charges plus 30 paise per unit.

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6 · 3. Capital Cost of the project: Subject to prudence check by the Commission; the actual expenditure incurred on completion of the project shall form the basis for determination of final tariff. The final tariff shall be determined based on the admitted capital expenditure actually incurred up to the date of commercial operation of the generating station and shall include capital spares subject to a ceiling norm of 1.5% of the original admitted project cost, as on the cut off date. The scrutiny of the project cost estimates by the Commission may be limited to the reasonableness of the capital cost, financing plan; interest during

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6 · 9. Interest on Working Capital Rate of interest on working capital shall be the actual rate of interest on which the loan for working capital is taken subject to a maximum of 2% above the short term Prime Lending Rate of State Bank of India Reserve Bank as on st April of the year in which the generating station or a unit thereof is declared under commercial operation: However; if no loan is taken for working capital, the interest will be allowed for tariff determination at the rate equal to short term prime lending rate of State Bank of India on the st day April of the year in which the generating station is declared under commercial operation. For the purpose of calculation of interest on working capital shall cover Operation and Maintenance expenses for one month: (ii) Maintenance spares 1% of the capital cost of project escalated 6% per annum from the date of commercial operation; and (iii) Receivables equivalent to 2 months of fixed charges for sale of electricity calculated on the target capacity utilization factor.

6 · 10. Tariff for Infirm power: The target for power supplied by SHP to a distribution licensee prior to declaration of the date of commercial operation shall be equal to 50% of the tariff for firm power: 6.11. Tariff for Non-firm Power: The tariff of non-firm power supplied by a SHP to distribution licensee shall be the same as for infirm power as mentioned in 6.10 above.

6 · 12. Royalty on Water: Royalty paid by small hydro-generating stations to the Govt. of Chhattisgarh on the water used in the project will be treated as pass through in tariff.

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13 · 2 The tariff related to timing of deposits and withdrawal from banked energy shall be as under:

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