Table 18.7.

1 Project Estimated Cost & Financial Package Summary (2 Fixed + 2 Variabl

A. PROJECT ESTIMATED COST

1 Name of Project Turga Pumped Storage Project
2 Capacity (MW) 1000MW
3 Name of Promoter West Bengal State Electricity Distribution Company Limited (WBSEDCL)
4 Location Purulia District
5 State West Bengal State

Sl. Item Currency Foreign Currency Compornent

No. Amount Exchange Equivalent Indian
(M US $) Rate Rs. Crores
(1) (2) (3) (4) (5) (6) = (4) x (5)

1 Hard Cost (i) Indian Rupee

(excluding IDC & (ii) US Dollar 142.72 62.13 886.74
Financing Charges)

2 IDC (i) Indian Rupee

3 Financing Charges (i) Indian Rupee

GRAND TOTAL (1+2+3

B. FINANCIAL PACKAGE SUMMARY

B1. DEBT FINANCING
Sl. Source/ Currency Amount Exchange Equivalent
No Name of Agency rate @ Indian
. Rs. Cr
(1) (2) (3) (4) (5) (6) = (4) x (5)

(a) Foreign Debt INR 2,964.43

(a) Sub-Total = 2,964.43

(b) Domestic Debt INR 0 0

(b) Sub-Total = 0.00

TOTAL DEBT (a) + (b) 2,964.43

B2 EQUITY FINANCING
Sl. Source/ Currency Amount Exchange Equivalent
No Name of Equity rate @ Indian
. Partners Rs. Cr
(1) (2) (3) (4) (5) (6) = (4) x (5)

(a) Foreign Equity

1 Promoters US Dollar 0 0 0.00
2 Others 0
(a) Sub-Total = 0.00
(b) Domestic Equity
1 Promoters Indian Rupee 1,270.47
2 Others 0
3 Public Issue (If any) 0
(b) Sub-Total = 1,270.47
TOTAL EQUITY (a) + (b) 1,270.47

DEBT + EQUITY (B1 + B2) = 4,234.90 DEBT : EQUITY RATIO = 70 : 30

FINANCING CHARGES
Sl. Item Upfront Commitment Guarantee Others
No charges charges Fees (if any)
. Rs. Cr. Rs. Cr. Rs. Cr. Rs. Cr.
(1) (2) (3) (4) (5) (6)
DEBT
1 Source I 0 0 0 0

EQUITY
1 Public Issue Charges 0 0 0 0
TOTAL
ge Summary (2 Fixed + 2 Variable)

mited (WBSEDCL)

Indian Total Cost % of

Component total cost
Rs. Crores Rs. Crores
(7) (8) = (6) + (7) (9)

2,908.74 2,908.74 68.7%

886.74 20.9%
Sub-Total (1) = 3,795.48

439.42 439.42 10.4%

Sub-Total (2) = 439.42

0.00 0.00 0.0%

Sub-Total (3) = 0.00

GRAND TOTAL (1+2+3) 4,234.90

Interest rate % Repayment Moratorium

(Fixed) period period
Floating (Years) (Years)
(7) (8) (9)

8.50% 18 6

Remarks
 (7)

Total Financing Remarks

Charges
(Rs. Cr)
(7)=(3)+(4)+(5)+(6) (8)

0
0
Half Yearly Distribution of Hard Cost
IN Rs. CRORES
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year
Item COST ( TOTAL) 1 2 3 4 5 6 7 8 9 10 11 12 13
Civil & HM Works 1949.85 27.44 87.30 189.78 259.86 314.06 306.96 274.55 183.37 220.35 52.17 34.02 0.00 0.00
E&M Works 1845.92 0.00 0.00 0.00 7.49 281.40 7.49 43.26 144.63 385.03 600.90 197.82 49.96 127.94
Total Cost 3795.77 27.44 87.30 189.78 267.35 595.45 314.46 317.81 327.99 605.38 653.07 231.84 49.96 127.94
 TURGA PUMPED STORAGE PROJECT (4X250 MW)
ABSTRACT OF COST ESTIMATE - CIVIL WORKS

Sl.No. DESCRIPTION

DIRECT CHARGES

I WORKS

A. Preliminary

B. Land

C. Works

J. Power Plant Civil works

K. Buildings

M. Plantation

O. Miscellaneous

P. Maintenance during construction

Q. Special T&P

R. Communication

X. Environment & Ecology

Y- Losses on stock @ 0.25% of ( I-Works less A, B, M, O, Q, X
and P)
Total of I - Works

II ESTABLISHMENT @4% of (I - Works Less B - Land)

III TOOLS & PLANTS

0.5% of I-Works
IV SUSPENSE

V RECEIPTS & RECOVERIES

TOTAL DIRECT CHARGES

INDIRECT CHARGES
Capitalisation of abatement of land revenue at 5% of cost of
a
Cultivated Land.

b Audit & Account Charges @ 0.25% of I-Works

Total Indirect Charges

TOTAL COST OF CIVIL WORKS

TOTAL COST OF HM WORKS

TOTAL COST OF E&M WORKS

TOTAL COST OF THE PROJECT

4X250 MW)
L WORKS
PRICE LEVEL MARCH 2015

AMOUNT IN RS. LACS

4,146.00

824.80

90,121.38

51,886.69

1,000.00

69.63

4,220.00

243.50

306.11

6,017.81

4,723.00

372.56

163,931.48

6,524.27

819.66
 -

-146.95

171,128.46

22.00

409.83

431.83

171,560.28

X
 TURGA PUMPED STORAGE PROJECT (4X250 MW)
ABSTRACT OF COST ESTIMATE - CIVIL WORKS

Sl.No. DESCRIPTION

DIRECT CHARGES

I WORKS

A. Preliminary

B. Land

C. Works

J. Power Plant Civil works

K. Buildings

M. Plantation

O. Miscellaneous

P. Maintenance during construction

Q. Special T&P

R. Communication

X. Environment & Ecology

Y- Losses on stock @ 0.25% of ( I-Works less A, B, M, O, Q, X
and P)
Total of I - Works

II ESTABLISHMENT @4% of (I - Works Less B - Land)

III TOOLS & PLANTS

0.5% of I-Works
IV SUSPENSE

V RECEIPTS & RECOVERIES

TOTAL DIRECT CHARGES

INDIRECT CHARGES
Capitalisation of abatement of land revenue at 5% of cost of
a
Cultivated Land.

b Audit & Account Charges @ 0.25% of I-Works

Total Indirect Charges

TOTAL COST OF CIVIL WORKS

TOTAL COST OF HM WORKS

TOTAL COST OF E&M WORKS

TOTAL COST OF THE PROJECT

4X250 MW)
L WORKS
PRICE LEVEL MARCH 2015

AMOUNT IN RS. LACS

4,146.00

824.80

90,121.38

54,490.54

1,000.00

69.63

4,220.00

243.50

306.11

6,017.81

4,723.00

379.07

166,541.84

6,628.68

832.71
 -

-146.95

173,856.28

22.00

416.35

438.35

174,294.64

X
Turga PSP - DPR
Payment Schedule of E&M Works
[Option 2: 3 Fixed Speed + 1 Variable Speed ]
(Unit: Million US$)
1st year 2nd year 3rd year 4th year 5th year Total
(1st half) (2nd half) (1st half) (2nd half) (1st half) (2nd half) (1st half) (2nd half) (1st half) (2nd half)
I. E&M Equipment (CIF) i) EOT Crane 1) EOT crane 0 0 0 0 0 3.95 0 0 0 0 3.95
ii) TG Sets Total 0 0 0 4.85 21.89 32.68 47.36 16.18 0 0 122.96
1) Pump-turbine 0 0 0 4.85 0 17.51 14.02 0 0 0 36.38
2) Generator-motor 0 0 0 0 20.36 5.09 19.56 14.47 0 0 59.48
3) Unit control Board 0 0 0 0 0 2.78 2.75 0 0 0 5.53
4) Cooling water system 0 0 0 0 0 2 1.58 0 0 0 3.58
5) Drainage and dewatering system 0 0 0 0 0 0.69 0.55 0 0 0 1.24
6) Compressed air system 0 0 0 0 0 1.02 0.82 0 0 0 1.84
10) Generator Motor CB 0 0 0 0 0 0.27 0.55 0.27 0 0 1.09
11) Phase reversing DS 0 0 0 0 0 0.11 0.22 0.11 0 0 0.44
12) Pressure oil system 0 0 0 0 0 1.29 1.03 0 0 0 2.32
13) SFC 0 0 0 0 0 0.04 3.4 0.04 0 0 3.48
14) Spare parts 0 0 0 0 1.53 1.88 2.88 1.29 0 0 7.58
iii) IPB/NGR/EB/DS 7) IPB/NGR/EB/DS 0 0 0 0 0.07 0.45 0.93 0.46 0 0 1.91
iv) Power Transformer 1) Power transformer 0 0 0 0 0 0 7.43 7.43 0 0 14.86
v) Protection and Relay Panels 9) Unit protection 0 0 0 0 0 1.81 1.81 0 0 0 3.62
vi) AC Supply System Total 0 0 0 0 0 0.18 0.34 0.18 0 0 0.7
2) Station service transformer 0 0 0 0 0 0.07 0.13 0.07 0 0 0.27
3) AC switchgear for power supply 0 0 0 0 0 0.11 0.21 0.11 0 0 0.43
vii) GIS and switchyard equipment Total 0 0 0 0 0 11.09 17.94 0 0 0 29.03
1) GIS-CB 0 0 0 0 0 2.95 2.96 0 0 0 5.91
2) GIS-DS 0 0 0 0 0 2.69 2.7 0 0 0 5.39
3) Potential transformer 0 0 0 0 0 0.22 0.22 0 0 0 0.44
4) Current transformer 0 0 0 0 0 0.14 0.14 0 0 0 0.28
5) Other GIS Parts 0 0 0 0 0 5.09 5.1 0 0 0 10.19
6) 400kV XLPE cable 0 0 0 0 0 0 6.82 0 0 0 6.82
viii) Power and Control Cables Total 0 0 0 0 0 1.8 1.8 0 0 0 3.6
6) Control and power cables 0 0 0 0 0 1.23 1.23 0 0 0 2.46
7) Cable racks trays and supporting structire 0 0 0 0 0 0.57 0.57 0 0 0 1.14
ix) SCADA 8) SCADA 0 0 0 0 0 2 2.04 0.04 0 0 4.08
x) Electrical Auxiliaries Total 0 0 0 0 0 0.18 1.13 0.44 0 0 1.75
4) DC power supply system 0 0 0 0 0 0.13 0.26 0.13 0 0 0.52
5) DG set 0 0 0 0 0 0 0.21 0.2 0 0 0.41
8) Telecommunication equipment 0 0 0 0 0 0.05 0.55 0 0 0 0.6
9) Tools and measuring instruments set 0 0 0 0 0 0 0.11 0.11 0 0 0.22
xi) Mechanical Auxiliaries Total 0 0 0 0 0 0.08 5.23 5.17 0 0 10.48
2) Oil handling equipment 0 0 0 0 0 0.08 0.06 0 0 0 0.14
3) Workshop machines and equipment 0 0 0 0 0 0 0.2 0.2 0 0 0.4
4) Architectual Equipment 0 0 0 0 0 0 4.97 4.97 0 0 9.94
TOTAL (E&M EQUIPMENT) 0 0 0 4.85 21.96 54.22 86.01 29.9 0 0 196.94
II. Services i) Preliminary Works 0 43.66 0 0 0 0 0 0 0 0 43.66
ii) Inland Transportation, Installation and Commissioning 0 0 0 0.86 0.34 6.41 19.63 11.22 6.16 17.31 61.93
TOTAL(SERVICES) 0 43.66 0 0.86 0.34 6.41 19.63 11.22 6.16 17.31 105.59
III. Taxes & Duties i) Custom Duty 0 0 0 0 0 0 0 0 0 0 0
ii) Excise Duty 0 0 0 0 0 0 0 0 0 0 0
iii) Central Sales Tax 0 0 0 0 0 0 0 0 0 0 0
iv) Service Tax 0 6.111 0 0.12 0.048 0.897 2.748 1.571 0.862 2.423 14.78
Total (Tax & Duties) 0 6.111 0 0.12 0.048 0.897 2.748 1.571 0.862 2.423 14.78
IV. Overheads i) Establishment 1.2171 1.2171 1.2171 1.2171 1.2171 1.2171 1.2171 1.2171 1.2171 1.2171 12.171
ii) Contongencies 1.295 1.295 2.59
iii) Tools & Plants 0.159 0.159 0.318
iv) Audit & Account 0.0794 0.0794 0.0794 0.0794 0.0794 0.0794 0.0794 0.0794 0.0794 0.0794 0.794
Total (Overheads) 1.2965 1.2965 1.2965 1.2965 1.2965 1.2965 1.2965 1.2965 2.7505 2.7505 15.873
III. Ground Total 1.2965 51.0675 1.2965 7.1265 23.6445 62.8235 109.685 43.9875 9.7725 22.4835 333.183
 Table 2 total cost estimate for of hydromechanical equipment

Equipment Unit Amount (US$)

Total
(1) Intake equipment LS 6,492,000
(2) Steel penstock & Steel liner of tailrace tunnel LS 75,856,000
(3) Draft equipment LS 8,580,000
(4) Tailrace equipment LS 4,062,000
(5) Bottom outlet equipment of lower dam LS 984,000
(6) Environmental flow equipment of lower dam LS 633,500
(7) Bottom outlet equipment of upper dam LS 1,301,300

Total 97,908,800
 Interest during Construction

Hard Cost
Civil Works (including HM) 1949.56 Rs. Crore
E&M works (including TL) 1845.92 Rs. Crore
Total 3795.48 Rs. Crore

Equity 30%
Loan 70%
Interest Rate 8.50%
Half yearly rate 4.25%

Half Expenditure Equity Equity Loan Loan IDC

Yearly Fund Used Received Factor

period Civil E&M Total

1 42.33 0.00 42.33 1270.47 42.33 0.00 0.00 0.00

2 44.30 0.00 44.30 1228.14 44.30 0.00 0.00 0.00

3 101.54 0.00 101.54 1183.84 101.54 0.00 0.00 0.00
4 245.61 23.85 269.46 1082.30 269.46 0.00 0.00 0.00
5 358.83 164.85 523.68 812.84 523.68 0.00 0.00 0.00
6 265.68 101.74 367.42 289.16 289.16 78.26 0.21 1.66
7 267.78 211.55 479.33 0.00 0.00 479.33 1.00 13.58
8 226.91 358.46 585.37 0.00 0.00 585.37 1.00 36.78
9 200.31 373.32 573.63 0.00 0.00 573.63 1.00 62.98
10 118.72 209.26 327.98 0.00 0.00 327.98 1.00 84.81
11 68.90 122.30 191.20 0.00 0.00 191.20 1.00 99.45
12 6.52 97.80 104.32 0.00 0.00 104.32 1.00 109.96
13 2.13 182.79 184.92 0.00 0.00 184.92 1.00 30.19
Total 1949.56 1845.92 3795.48 1270.47 2525.01 439.42

Hard Cost 3795.48 Rs Crore EQUITY 1270.47 30%

IDC 439.42 Rs Crore LOAN 2964.43 70%
TOTAL 4234.90 Rs Crore TOTAL 4234.90
 Closing

outstanding
CUMULATIVE DEBT-EQUITY
loan EQUITY RATIO

0.00 42.33 0.00

0.00 86.63 0.00

0.00 188.17 0.00

0.00 457.63 0.00

0.00 981.31 0.00

79.92 1270.47 0.06

572.83 1270.47 0.45

1194.98 1270.47 0.94

1831.58 1270.47 1.44

2244.38 1270.47 1.77

2535.03 1270.47 2.00

2749.31 1270.47 2.16

2964.43 1270.47 2.33

 TURGA PUMPED STORAGE PROJECT (4 X 250 = 1000 MW)

Proejct Parameters Project Cost (Rs. Crore) Other Parameters

Installed Capacity (MW) 1000 Hard Cost O&M Charges
Peaking Hours 5 IDC Escalation of O&M
Annual Energy Generation (GWh) 1825 Financing Charge 0.00 Depreciation allowed for
Total cost incl. IDC 4800.69 Depreciation recovery at
Auxiliary Consumption 0.60% Residual Depreciation fo
Transformation Losses 0.60% Equity (30%) 1440.21
Free Power to Home State 0.00% Loan (70%) 3360.48 Maintenance Spares
Net Saleable Energy (GWh) 1803 Interest rate on Loan
Interest rate on Working
Cycle Efficiency 72.9% Useful life (years) 35 Return on Equity
Off-peak Energy Rate (Rs/kWh) 2.61 Discounting Rate
Escalation of Off peak Energy Rate 0.00% MAT
Corporate Tax
Tax Holiday

Year Out- Interest Depre- Return on O&M O&M for Mainte- Working Interest on Off Peak
standing on Loan ciation Equity Charges 1 Month nance capital Working Energy
Loan Spares capital Cost

Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr.
1 2 3 4 5 6 7 8 9 10 11
1 3360.48 274.87 253.48 302.10 120.02 10.00 18.00 298.32 38.18 653.40
2 3107.00 253.32 253.48 302.10 127.99 10.67 19.20 298.11 38.16 653.40
3 2853.52 231.78 253.48 302.10 136.48 11.37 20.47 298.13 38.16 653.40
4 2600.04 210.23 253.48 302.10 145.55 12.13 21.83 298.39 38.19 653.40
5 2346.56 188.68 253.48 302.10 155.21 12.93 23.28 298.91 38.26 653.40
6 2093.08 167.14 253.48 302.10 165.52 13.79 24.83 299.70 38.36 653.40
7 1839.60 145.59 253.48 302.10 176.51 14.71 26.48 300.78 38.50 653.40
8 1586.12 124.05 253.48 302.10 188.23 15.69 28.23 302.17 38.68 653.40
9 1332.64 102.5 253.48 302.10 200.73 16.73 30.11 303.89 38.9 653.40
10 1079.16 80.96 253.48 302.10 214.05 17.84 32.11 305.96 39.16 653.40
11 825.68 59.41 253.48 363.41 228.27 19.02 34.24 318.63 40.78 653.40
12 572.20 37.86 253.48 363.41 243.42 20.29 36.51 321.48 41.15 653.40
13 318.72 25 49.12 363.41 259.59 21.63 38.94 292.15 37.39 653.40
14 269.60 20.83 49.12 363.41 276.83 23.07 41.52 298.78 38.24 653.40
15 220.47 16.65 49.12 363.41 295.21 24.60 44.28 305.89 39.15 653.40
16 171.35 12.48 49.12 363.41 314.81 26.23 47.22 313.53 40.13 653.40
17 122.22 8.30 49.12 363.41 335.71 27.98 50.36 321.72 41.18 653.40
18 73.10 4.13 49.12 363.41 358.00 29.83 53.70 330.49 42.3 653.40
19 0.00 0.00 49.12 363.41 381.77 31.81 57.27 339.91 43.51 653.40
20 0.00 0.00 49.12 363.41 407.12 33.93 61.07 350.68 44.89 653.40
21 0.00 0.00 49.12 363.41 434.16 36.18 65.12 362.17 46.36 653.40
22 0.00 0.00 49.12 363.41 462.98 38.58 69.45 374.42 47.93 653.40
23 0.00 0.00 49.12 363.41 493.73 41.14 74.06 387.49 49.6 653.40
24 0.00 0.00 49.12 363.41 526.51 43.88 78.98 401.42 51.38 653.40
25 0.00 0.00 49.12 363.41 561.47 46.79 84.22 416.28 53.28 653.40
26 0.00 0.00 49.12 363.41 598.75 49.90 89.81 432.12 55.31 653.40
27 0.00 0.00 49.12 363.41 638.51 53.21 95.78 449.02 57.47 653.40
28 0.00 0.00 49.12 363.41 680.91 56.74 102.14 467.04 59.78 653.40
29 0.00 0.00 49.12 363.41 726.12 60.51 108.92 486.26 62.24 653.40
30 0.00 0.00 49.12 363.41 774.33 64.53 116.15 506.75 64.86 653.40
31 0.00 0.00 49.12 363.41 825.75 68.81 123.86 528.60 67.66 653.40
32 0.00 0.00 49.12 363.41 880.58 73.38 132.09 551.90 70.64 653.40
33 0.00 0.00 49.12 363.41 939.05 78.25 140.86 576.75 73.82 653.40
34 0.00 0.00 49.12 363.41 1001.40 83.45 150.21 603.25 77.22 653.40
35 0.00 0.00 49.12 363.41 1067.89 88.99 160.18 631.51 80.83 653.40
0 = 1000 MW)

Other Parameters
O&M Charges 2.50%
Escalation of O&M 6.64%
Depreciation allowed for 12 years 5.28%
Depreciation recovery at Max rate 90%
Residual Depreciation for next 23 years 1.16%

Maintenance Spares 15.00%

Interest rate on Loan 8.50%
Interest rate on Working Capital 12.80%
Return on Equity 16.50%
Discounting Rate 9.78%
21.34%
Corporate Tax 34.61%
Tax Holiday 10 YEARS

Total Tariff Discounting Present Day worth of tariff

IRR (16)
Annual factor @
Expenditure 9.78%

Rs Cr. Rs/kWh Rs/kWh

12 13 14 15 -1270.47
1642.05 9.11 1.0000 9.11 302.10
1628.44 9.03 0.9109 8.23 302.10
1615.40 8.96 0.8298 7.44 302.10
1602.95 8.89 0.7558 6.72 302.10
1591.13 8.82 0.6885 6.07 302.10
1580.00 8.76 0.6272 5.49 302.10
1569.58 8.70 0.5713 4.97 302.10
1559.94 8.65 0.5204 4.50 302.10
1551.10 8.60 0.4740 4.08 302.10
1543.15 8.56 0.4318 3.70 302.10
1598.74 8.87 0.3933 3.49 363.41
1592.72 8.83 0.3583 3.16 363.41
1387.91 7.70 0.3264 2.51 363.41
1401.83 7.77 0.2973 2.31 363.41
1416.94 7.86 0.2708 2.13 363.41
1433.35 7.95 0.2467 1.96 363.41
1451.12 8.05 0.2247 1.81 363.41
1470.36 8.15 0.2047 1.67 363.41
1491.21 8.27 0.1865 1.54 412.54
1517.94 8.42 0.1698 1.43 412.54
 1546.45 8.58 0.1547 1.33 412.54
1576.85 8.74 0.1409 1.23 412.54
1609.26 8.92 0.1284 1.15 412.54
1643.82 9.12 0.1169 1.07 412.54
1680.68 9.32 0.1065 0.99 412.54
1719.99 9.54 0.0970 0.93 412.54
1761.91 9.77 0.0884 0.86 412.54
1806.62 10.02 0.0805 0.81 412.54
1854.29 10.28 0.0733 0.75 412.54
1905.12 10.57 0.0668 0.71 412.54
1959.34 10.87 0.0609 0.66 412.54
2017.15 11.19 0.0554 0.62 412.54
2078.80 11.53 0.0505 0.58 412.54
2144.55 11.89 0.0460 0.55 412.54
2214.65 12.28 0.0419 0.51 412.54
10.7963 95.07 24.38%
Levelised Tariff 8.81
 TURGA PUMPED STORAGE PROJECT (4 X 250 = 1000 MW)

Proejct Parameters Project Cost (Rs. Crore) Other Parameters

Installed Capacity (MW) 1000 Hard Cost 3795.48 O&M Charges
Peaking Hours 5 IDC 439.42 Escalation of O&M
Annual Energy Generation (GWh) 1825 Financing Charge 0.00 Depreciation allowed fo
Total cost incl. IDC 4234.90 Depreciation recovery at
Auxiliary Consumption 0.60% Residual Depreciation fo
Transformation Losses 0.60% Equity (30%) 1270.47
Free Power to Home State 0.00% Loan (70%) 2964.43 Maintenance Spares
Net Saleable Energy (GWh) 1803 Interest rate on Loan
Interest rate on Working
Cycle Efficiency 72.9% Useful life (years) 35 Return on Equity
Off-peak Energy Rate (Rs/kWh) 1.08 Discounting Rate
Escalation of Off peak Energy Rate 0.00% MAT
Corporate Tax
Tax Holiday

Year Out- Interest Depre- Return on O&M O&M for Mainte- Working Interest on Off Peak
standing on Loan ciation Equity Charges 1 Month nance capital Working Energy
Loan Spares capital Cost

Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr.
1 2 3 4 5 6 7 8 9 10 11
1 2964.43 242.47 223.60 105.87 8.82 15.88 167.74 21.47 270.37
2 2740.83 223.47 223.60 112.90 9.41 16.94 167.56 21.45 270.37
3 2517.23 204.46 223.60 120.40 10.03 18.06 167.57 21.45 270.37
4 2293.63 185.46 223.60 128.39 10.70 19.26 167.81 21.48 270.37
5 2070.03 166.45 223.60 136.92 11.41 20.54 168.26 21.54 270.37
6 1846.43 147.44 223.60 146.01 12.17 21.90 168.96 21.63 270.37
7 1622.83 128.44 223.60 155.71 12.98 23.36 169.91 21.75 270.37
8 1399.23 109.43 223.60 166.04 13.84 24.91 171.14 21.91 270.37
9 1175.63 90.43 223.60 177.07 14.76 26.56 172.65 22.1 270.37
10 952.03 71.42 223.60 188.83 15.74 28.32 174.48 22.33 270.37
11 728.43 52.41 223.60 201.37 16.78 30.20 176.64 22.61 270.37
12 504.83 33.41 223.60 214.74 17.89 32.21 179.16 22.93 270.37
13 281.23 21.82 49.12 228.99 19.08 34.35 154.21 19.74 270.37
14 232.11 17.64 49.12 244.20 20.35 36.63 159.97 20.48 270.37
15 182.98 13.47 49.12 260.41 21.70 39.06 166.17 21.27 270.37
16 133.86 9.29 49.12 277.71 23.14 41.66 172.82 22.12 270.37
17 84.73 5.11 49.12 296.15 24.68 44.42 179.96 23.04 270.37
18 35.61 0.94 49.12 315.81 26.32 47.37 187.63 24.02 270.37
19 0.00 0.00 49.12 336.78 28.06 50.52 196.38 25.14 270.37
20 0.00 0.00 49.12 359.14 29.93 53.87 205.88 26.35 270.37
21 0.00 0.00 49.12 382.99 31.92 57.45 216.02 27.65 270.37
22 0.00 0.00 49.12 408.42 34.03 61.26 226.83 29.03 270.37
23 0.00 0.00 49.12 435.54 36.29 65.33 238.35 30.51 270.37
24 0.00 0.00 49.12 464.46 38.70 69.67 250.64 32.08 270.37
25 0.00 0.00 49.12 495.30 41.27 74.29 263.75 33.76 270.37
26 0.00 0.00 49.12 528.19 44.02 79.23 277.73 35.55 270.37
27 0.00 0.00 49.12 563.26 46.94 84.49 292.63 37.46 270.37
28 0.00 0.00 49.12 600.66 50.05 90.10 308.53 39.49 270.37
29 0.00 0.00 49.12 640.54 53.38 96.08 325.48 41.66 270.37
30 0.00 0.00 49.12 683.07 56.92 102.46 343.56 43.98 270.37
31 0.00 0.00 49.12 728.43 60.70 109.26 362.83 46.44 270.37
32 0.00 0.00 49.12 776.80 64.73 116.52 383.39 49.07 270.37
33 0.00 0.00 49.12 828.38 69.03 124.26 405.31 51.88 270.37
34 0.00 0.00 49.12 883.38 73.62 132.51 428.69 54.87 270.37
35 0.00 0.00 49.12 942.04 78.50 141.31 453.61 58.06 270.37
= 1000 MW)

Other Parameters
O&M Charges 2.50%
Escalation of O&M 6.64%
Depreciation allowed for 12 years 5.28%
Depreciation recovery at Max rate 90%
Residual Depreciation for next 23 years 1.16%

Maintenance Spares 15.00%

Interest rate on Loan 8.50%
Interest rate on Working Capital 12.80%
Return on Equity 16.50%
Discounting Rate 9.78%
21.34%
Corporate Tax 34.61%
Tax Holiday 10 YEARS

Total Tariff Discounting Present Day worth of tariff

Annual factor @
Expenditure 9.78%

Rs Cr. Rs/kWh Rs/kWh

12 13 14 15
863.78 4.79 1.0000 4.79
851.79 4.72 0.9109 4.30
840.28 4.66 0.8298 3.87
829.30 4.60 0.7558 3.48
818.88 4.54 0.6885 3.13
809.05 4.49 0.6272 2.82
799.87 4.44 0.5713 2.54
791.35 4.39 0.5204 2.28
783.57 4.35 0.4740 2.06
776.55 4.31 0.4318 1.86
770.36 4.27 0.3933 1.68
765.05 4.24 0.3583 1.52
590.05 3.27 0.3264 1.07
601.81 3.34 0.2973 0.99
614.65 3.41 0.2708 0.92
628.61 3.49 0.2467 0.86
643.79 3.57 0.2247 0.80
660.27 3.66 0.2047 0.75
681.41 3.78 0.1865 0.70
704.99 3.91 0.1698 0.66
 730.13 4.05 0.1547 0.63
756.94 4.20 0.1409 0.59
785.54 4.36 0.1284 0.56
816.03 4.53 0.1169 0.53
848.55 4.71 0.1065 0.50
883.23 4.90 0.0970 0.48
920.21 5.10 0.0884 0.45
959.64 5.32 0.0805 0.43
1001.70 5.56 0.0733 0.41
1046.55 5.80 0.0668 0.39
1094.36 6.07 0.0609 0.37
1145.36 6.35 0.0554 0.35
1199.75 6.65 0.0505 0.34
1257.75 6.98 0.0460 0.32
1319.59 7.32 0.0419 0.31
10.7963 47.74
Cost rate 4.42