e-/ ) t-/ Jodhpur Discom 13.26 4 LTOA consumers 7.35 Total-48.79 1.23 Transmission Losses The details ofTransmission Losses are given inTable below: InSTSTransmission Loss Actual InSTS

RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITEDRegistered Office: Vidyut Bhawan, Janpath, Jaipur, Rajasthan

(An ISO 9001 :2008 Certified Company)(CIN: L401 09RJ2000SGC016485)

OFFICE OF THE SUPERINTENDING ENGINEER (NPP&RA)Tel. No. 0141-2744290, E-mail [email protected]

No. RVPNIISE (NPP&RA)XEN-2(NPP&RA)/F- Dated: e-/ ) I t-/ l-o /7-The Receiving Officer,Rajasthan Electricity Regulatory Commission,Vidyut Viniyamak Bhawan,Near State Motor Garage,Sahakar Marg, Jaipur-302001.

Sub: Petition for approval of Tru e-up 2016 -17, Annual RevenueRequirement & determination of tariff for FY 2018-19 of RVPN andSLDC.

Sir,Kindly find enclosed herewith Petition for approval of True-u p 2016-

17, Annual Revenue Requirement & determination of tariff for FY 2018-19 ofRVPN and SLDC. The petition consists of the following documents:

1. The authorization letter to file the petition.

2. Affidavit verifying the application.3. Petition for True-up 2016-17, ARR/ Tariff for FY 2018-19 of RVPN and SLDC

along with annual accounts of RVPN and SLDC of FY 2016-17.4. Cheque No. 589548 Dt 27.12.2017 amounting to Rs. 1,00,000/- towards

fees for SLDC Petition.

Encl: As above.

~./:, 'y- - ,"

rl .\. I'v'(O.P.Bansal)

Superintending Engineer (NPP&RA)For Rajasthan Rajya Vidyut Prasaran Nigam Ltd., Jaipur.

Copy alongwith enclosure submitted/forwarded to the following for informationand necessary action:1.. The Chairman, Discoms, Jaipur.2. The Chairman & Managing Director, RVUN, Jaipur.3. The Managing Director, (JWNLlAWNLlJdWNL), Jaipur/Ajmer/Jodhpur.4. The Chief Controller of Accounts, RVPN, Jaipur.

Encl: As above.{7_r;r.s-~' 1....-·n

Superintending Engineer (NPP&RA)For Rajasthan Rajya Vidyut Prasaran Nigam Ltd., Jaipur.

BEFORE THE RAJASTHAN ELECTRICITY REGULATORY COMMISSION

Petition No.

IN THE MATTER OF

Petition for approval of True-up 2016-17, Annual Revenue Requirement& determination of tariff for FY 2018-19 of RVPN and SLOC as per TariffRegulation, 2014

Rajasthan Rajya Vidyut Prasaran Nigam Limited, Petitioner

Jaipur Vidyut Vitran Nigam Ltd, Ajmer Vidyut Vitran Nigam Ltd,Jodhpur Vidyut Vitran Nigam, RVUN Ltd & ORS.

RespondentsIndex

S. Particulars Page No.No.

1 The authorization letter to file the petition 12 Affidavit verifying the application 2 ---

3 Petition for True-up 2016-17 3-374 Petition for transmission ARRfTariff FY 18 38-51 --5 Petition for SLDC ARRfTariff FY 18 52-56 --6 Compliance r~ort on directives 57-58_.__ ..-.

7 Annexure A- Energy requirement given by Energy 59-70Assessment Committee (EAC) for FY 18-19 ._---_"

8 Annexure B- Capacity handled by RVPN Transmission 71-74System for FY 2016-17 --

9 Annexure C- Achievements in respect of EHV Works 75-76carried out during FY 17 (up to 30thNovember, 2017) --

10 Annexure 0- Statement showing MCLR Rate of State 77Bank of India -----_ ..

11 Annexure E- List of Long Term Open Access Users 7812 Annexure F- Deviation Analysis RVPN Transmission 79

Segment13 Annexure G- Deviation Analysis RVPN SLDC Segment 8014 APR True Up Formats (RVPN) 81-110215 APR True URF~!:_~_at~(SLDC) 103-11516 ARR and Tar\ff_For~§ts (RVPN) 116-14617 ARR and Tarlff_E2_r:_~~ SLDC) 147-16418 Annexure-1- C~\_~_GReport 165-178 _.-19 Annexure-2- Balance Sheet for FY 2016-17 179-17320

---Annexure-3 - Annual Alcs SLDC 2016-17 274-291

21 Annexure-4 -Progre~s Report (wrfd Q~~i;'1) for FY 292-32715-16

22 Annexure-5- CD of Assets Register ..__...

{2'N~(O.P.Bansal)

Superintending Engineer (NPP&RA)

.- - ------------------------------------------------------

BEFORE THE RAJASTHAN ELECTRICITY REGULATORYCOMMISSION,

VIDYUT VINIYAMAK BHAWAN, NEAR STATE MOTOR GARAGE,SAHAKAR MARG, JAIPUR-302001.

FILING NO. _Petition No. _

In the matter of:

Filing of Petition for approval of True-up 2016-17, Annual RevenueRequirement & determination of tariff for FY 2018-19 of RVPN and SLOe.

AND

INTHE MATTER OF:

RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITEDVIDYUT BHAWAN, JANPATH, JAIPUR - 302005.

I Sanjay Malhotra, Chairman & Managing Director, RVPN, Jaipur herebyauthorize Shri Om Prakash Bansal S/o Shri.S.L.Gupta, Superintending Engineer(NPP&RA), RVPN, Jaipur whose signature is attested below to represent RVPNas a petitioner I applicant in the above matter.

(~_r-/</(Om Prakash Bansal)Superintending Engineer (NPP&RA) -jJ.~

(Sanjay Malhotra)Chairman & Managing Director

RVPN, JaipurSignature attested

(Sanjay ~I:aj)

i

BEFORE THE RAJASTHAN ELECTRICITY REGULATORY COMMISSION,VIOYUT VINIYAMAK BHAWAN, NEAR STATE MOTOR GARAGE, SAHAKAR

MARG, JAIPUR-302001.

Petition No.In the matter of:

Filing of petition for approval of True-up 2016-17, Annual RevenueRequirement & determination of tariff for FY 2018-19 of RVPN and SLOC.

and

IN THE MATTER OF:RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITED, JAIPURVIDYUT BHAWAN, JANPATH, JAIPUR

Affidavit verifying the Petition that

I Om Prakash BansalS/o Shri.S.L.Gupta, 55 years, residing at E-63, ShastriNagar, Jaipur do solemnly affirm and say as follows;

1. I am Superintending Engineer (NPP&RA) of the Rajasthan RajyaVidyut Prasaran Nigam Ltd., Jaipur and make this affidavit onbehalf of RVPN as a petitioner in the above matter and I am dulyauthorized by the said petitioner to make this petition on its behalf.

2. The statements made in paragraph to the annexed petition are trueto my knowledge and statements made are based on the basis ofrecords and information made available and maintained by Finance& Accounts Wing, Project & Planning and Monitoring Wing andT&C Wing and I believe them to be true.

I solemnly affirm, this 26 day of December, 2017 that contents of the aboveaffidavit are true to my knowledge and no part of it is false and nothing materialhas been concealed there from.

~....

~(O.P.Bansal)

Superintending Engineer (NPP&RA)Raj. RajyaVidyut Prasaran Nigam Ltd., Jaipur

, .

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARR FY 2018-1

Petition for approval of

Annual Performance Review

for FY 16-17

And

Aggregate Revenue Requirement

&

Determination for FY 2018-19

Main Text and Format

Rajasthan Rajya Vidyut Prasaran Nigam Limited

Vidyut Bhavan, Jaipur

December, 2017


BEFORE THE RAJASTHAN ELECTRICITY REGULATORY COMMISSION

Filing No. RERC -

Case No. -

INTHE MATTER OF

Petition for approval of Annual Performance Review for FYFY 16-17 and Annual RevenueRequirement & Determination of Tariff for FY 2018-19 as per Tariff Regulation, 2014

Petitioner Rajasthan RajyaVidyut Prasaran Nigam Limited,Vidyut Bhawan, Janpath,Jaipur - 302005

Respondents Jaipur Vidyut Vitran Nigam Limited,Vidyut Bhawan, Janpath,Jaipur - 302005

Ajmer Vidyut Vitran Nigam Limited,Power House, Hathi Bhata,Ajmer

Jodhpur Vidyut Vitran Nigam Limited,New Power House,Jodhpur

Rajasthan Rajya Vidyut Utpadan Nigam Limited,Vidyut Bhawan, Janpath,Jaipur - 302005

Page 14

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARRFY2018-19

Table of ContentsPreamble : .Background .Annual Performance Review 21

Truing-up of APR for Transmission Segment FY 16-17.................................................... 21Truing-up of Transmission Expenditure 2

Truing-up of Transmission Revenue receipts 2

Net Truing-up amount for carry forward to FY 2018-19 3CPrayer under Annual Performance Review for FY 16-17 3C

Truing-up of APR for SLDC Segment for FY 16-17 .. 3:

Truing-up of SLDC Expenditure........................................................................................ 3c

Truing-up of SLDC Revenue Receipts and Net truing-up......................................... 3S

Net Truing-up of SLDC Revenue Receipts and Expenditure.................................. .. . 3Summary of variations in RVPN approved ARR and actual as per Annual Accounts FY 16-17 36Net Truing-up amount for carry forward to FY 18-19............................................................ 3['

Prayer under Annual Performance Review for FY 16-17 TARR and Tariff for Transmission................ . 3(

RVPN Intra-State Transmission System......................................... 3'j

EnergyTransmission on RVPN System ..Transmission Loss in RVPN Intra-State Transmission System 4 i

RVPNTransmission Investment & Financing Plan , 41

0& M Expenses 4:'DepreciationCharges " 4/'Interest on Loans,Working Capital & Finance Charges...... . 4:

InsuranceCharges : "" 4;.,;Other Items 4(

Revenue from Short Term Open Access Consumers : 4bNon-Tariff Income 4'"

Return on Equity 4

Revenue Requirement for Transmission 4'

Aggregate Recovery of Transmission Expenses for FY 18-19...................................... 4f5Recovery of Transmission Charges from Discerns and OA Consumers.............................. 4C

Transmission Charges for Short Term Open Access and Power Exchange Transactions 5,Prayer of Transmission :5 'I


ARR and Tariff for SLOC 5:.SLOC Investment & Financing plan.............................................................. . . '53

o & M Expenses.................................................................................................................... ~)..5Depreciation Charges........................................................................................................... J~i

Interest Charges................................................................................................................... 51..

SLOC Operation Expenses (Fee & Charges) 54Return on Equity 54SLDG Revenue Requirement ,.... 5f)

Recovery of SLOC Expenses.................................................................................................. 5l->

Prayer of SLOC , ". ',Jl)

status of Compliance to Directions Issued by the Commission in Tariff Order Doted26.05.2017 "......... ')(

Page 16

Rajasthan RajyaVidyut Prasaran Nigam Limited APR FY 16-17 & ARR FY 2018-19

-

Section-1 Annual Performance Review for FY 16-17 - Transmission-

Table-1 Break-up of Actual O&M Expense of Transmission for FY 16-17---

Table-2 Normative O&M Expenses of Transmission for FY 16-17

Table-3 o & M Expenses to be considered for True up for FY 16-17

Table-4 Return on Equity for Transmission FY 16-17

Table-5 Working Capital Approved I Normative for FY 16-17, Transmission

Table-6 True-up of Transmission Expenditure for FY 16-17-

Table-7 Approved vis Actual Revenue Receipts for FY 16-17

Table-8 Abstract of RVPN approved ARR and actual as per Annual Accounts FY 16

Table-9 Incentive for system availability from Oiscoms for FY 16-17-

---

Section-2 Annual Performance Review for FY 16-17 - SLoe.._--

Table-10 Break-up of Actual O&M Expenses of SLOC for FY 16-17-----

Table-11 Return on Equity for SLOC FY 16-17

Table-12 Working Capital Approved I Normative for FY 16-17, SLOC-

Table-13 Truing-up of ARR for SLOC for FY 16-17-

Table-14 Truing-up of SLOC Revenue for FY 16-17-

Table-15 Abstract of RVPN approved ARR and actual as per Annual Accounts FY 16--_ ..

--

Section-3 Aggregate Revenue Requirement and Transmission charges for FY 2018-_- ._

Table-16 Power Transmission on RVPN InSTS System--

Table-17 Energy Requirement of Oiscoms for FY 2018-19

Table-18 Expected Power Transmission on RVPN InSTS System

Table-19 Actual Energy Transmission on RVPN System

Table-20 Energy Transmission Assessment on RVPN InSTS for FY 17-18 & FY 18-1-

Table-21 RVPN InSTS Transmission Loss

-17

-17

9

Page I 7

RajasthanRajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARR FY 2018-19

--Table-22 Investment & Financing Plan

Table-23 Investment Plan - Physical Targets._.

Table-24 O&M Expenses

Table-25 Depreciation Charges.-

Table-26 Details of Interest and Finance Charges

Table-27 Other Items

Table-28 Revenue from Short Term Open Access Consumers

Table-29 Non-Tariff Income-

Table-30 Return on Equity

Table-31 Revenue Requirement for Transmission--

Table-32 Transmission Charges and Tariff for FY 18-19

Table-33 Monthly Transmission Charges-

Table-34 Transmission Tariff for Power Exchange & Short Term Open Access for FY-

Section-4 SLDC Aggregate Revenue Requirement and Recovery of SLDC Charges f

Table-35 Investment & Financing Plan

Table-36 SLDC O&M Expenses

Table-37 Depreciation Charges-

Table-38 Details of Interest and Finance Charges for SLDC--

Table-39 SLDC Operation Expenses (Fee & Charges)

Table-40 Return on Equity-

Table-41 Revenue Requirement for SLDC

Table-42 SLDC Charges for FY 18-19

Section-5 Compliance Report on Directives issued By RERC in Tariff Order daOctober, 2016 -

Page i 8

18-19

- -I


LIST OF ANNEXURE

Annexure-AEnergy requirement given by Energy Assessment Committee 59-70(EAC) for FY 18-19

Annexure-B Capacity handled by RVPN Transmission System for FY 16-17 71-74

Annexure-CAchievements in respect of EHV Works carried out during FY 18 75-76(up to 30th November, 2017)

Annexure-D Statement showing MCLR Rate of State Bank of India 77

Annexure-E List of Long Term Open Access Users 78

Annexure-F Deviation Analysis RVPN Transmission Segment 79

Annexure-G Deviation Analysis RVPN SLDC Segment 80i- II

Formats ARR Tariff Formats (Transmission & SLDC) 81-164 i

Annexure 1 CA&G Report 165-178 I

Annexure 2 Balance Sheet for FY 16-17

Annexure 3 Annual Alc's SLDC FY 16-17 179

Progress Report (~ ~R1~~~)for FY 16-17onwards

Annexure 4

Annexure 5 CD of Assets Register

Page 19

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARR FY 2018-1S

True Up Formats

Transmission

INDEX


True Up Formats

SLOeINDEX

NS• Form No. i Particulars . ~~:o. , I,

1 2 " 3 : "i~1 Form STU 1 Summary of Aggregate Revenue Requirement

.-. -

2 Form STU 2,1 Employee Expenses--_. - -

3 Form STU 2.2 Administrative and General Expenses'" -

4 Form STU 2.3 Repair and Maintenance Expenses-_- -

5 Form STU 3 Interest on working capital requirement-

6 Form STU 4 RLDC Fees and Charges--.- - -

7 Form STU 5 Fixed assets & provisions for depreciation (As per Audited Accounts).__-- --

8 Form STU 6 Loan Repayment & Interest Liability (As per Audited Accounts)-- .-

9 Form STU 7 Return on Equity----.- - -

10 Form STU 8 Income Tax Provisions-- .-

11 Form STU 9 Non-Tariff Income-

12 Form STU 10 Summary of Revenue from current fee and charges(As per Audited Accounts)

Page 111

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARR FY 2018-1()

ARR and Tariff FormatsTransmission

INDEX

S. No. Form No. Particularst, '

1 2 3

1 Form T 1 Summary of Aggregate Revenue Requirement !!

, -

2 Form T 2 Operation and Maintenance Expenses.- --

3 Form T 3.1 Fixed assets & provisions for depreciation FY 16-17 I-_-_._._." - !

4 Form T 3.2 Fixed assets & provisions for depreciation FY 17-18 ,- -

5 Form T 3.3 Fixed assets & provisions for depreciation FY 18-19 I

. - . I

6 Form T 4.1 Loan Repayment & Interest Liability FY 16-17- -

7 Form T 4.2 Loan Repayment & Interest Liability FY 17-18 I

-

8 Form T 4.3 Loan Repayment & Interest Liability FY 18-19,i-

9 Form T 5 Interest on working capital requirement II

- I

10 Form T 6 Insurance Expenses-

11 Form T 7 Other items (Other debits, write offs or any other items) I

--.-.- - !12 Form T 8 Return on Equity

-- - -j

13 Form T 9 Income Tax Provisions- I

14 Form T 10 Non-tariff Income----.-- -

15 Form T 11.1 Revenue at Existing Transmission Tariff FY 16-17---- -

16 Form T 11.2 Revenue at Existing Transmission Tariff FY 17-18_ .. -

17 Form T 11.3 Revenue at Existing Transmission Tariff FY 18-19---_._---_ -

18 FormT12 Expected Revenue at ProposedTransmission Tariff-

19 Form T 13 Revenue Subsidy and Grant- -

20 FormT14 Consumer Contribution, Capital Subsidy and Grant-

21 Form T 15 Proposed improvement in performance- -

22 FormT16 Transmission Losses_ .. -

23 Form T 17 Forecast of Electricity Transmitted (MU)

Page I 'I~',


ARR and Tariff FormatsSLOeINDEX

S. No. Form No. , Particulars

1 2 3

1 Form S 1 Summary of Aggregate Revenue Requirement---. -

2 Form S 2 Operation and Maintenance Expenses-

3 Form S 2.1 Employee Expenses- -

4 Form S 2.2 Administrative and General Expenses----- -

5 Form S 2.3 Repair and Maintenance Expenses- -

6 Form S 3 Interest on working capital requirement-.

7 Form S 4 RLDC Fees and Charges- -

8 Form S 5.1 Fixed assets & provisions for depreciation FY 16-17.-

9 Form S 5.2 Fixed assets & provisions for depreciation FY 17-18

10 Form S 5.3 Fixed assets & provisions for depreciation FY 18-19- -

11 Form S 6.1 Loan Repayment & Interest Liability FY 16-17---- - -

12 Form S 6.2 Loan Repayment & Interest Liability FY 17-18-

13 Form S 6.3 Loan Repayment & Interest Liability FY 18-19- -

14 Form S 7 Return on Equity- -

15 Form S 8 Income Tax Provisions-

16 Form S 9 Non-Tariff Income- -

17 Form S 10 Summary of Revenue from current fee and charges

Page 113


Notes:

In this Petition:

1. Truing-up year means Financial Year 2016 - 2017 (or FY 16-17 or FY 17)

2. Previous year(n-1) means Financial Year 2016 - 2017 (or FY 16-17 or FY 17)

3. Current year(n) means Financial Year 2017 - 2018 (or FY 17-18 or FY 18)

4. Ensuing(n+1) year means Financial Year 2018 - 2019 (or FY 18-19 or FY 19)

5. All currency figures used in this Petition, unless specifically stated otherwise,

are in Rs Crore.

6. Power Transmission expressed in MW and Energy in MU.

RajasthanRajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARR FY 2018-h

DEFINITIONS

-

Act The Electricity Act, 2003

Application / This Petition is for Annual Performance Review & True up for FY 16-17 aPetition ARR & determination of Tariff for FY 18-19

Distribution Discoms or Distribution Company shall mean a company engaged prima

Company / in the business of distribution & supply of electricity in its area of sup

Discoms including Jaipur Vidyut Vitran Nigam Ltd. (JWN), Ajmer Vidyut Vitran NigLtd. (AWN) and Jodhpur Vidyut Vitran Nigam Ltd. (JdWN).

---

Extra High Voltage levels higher than 33 kV.Voltage (EHV)---

Northern RegionRegion comprising of the States and Union Territory of Haryana, Pun]

/ Region Rajasthan, Uttar Pradesh, Uttaranchal, Himachal Pradesh, Delhi, JammuKashmir and Chandigarh.

The Rajasthan Electricity Regulatory Commission (Terms and ConditionsRegulations Determination of Tariff) Regulations, 2014 or in short / RERC Ta

Regulations, 2014 notified by RERC on February 24,2014.----_._-

State The State of Rajasthan.-

State Load The RRVPN's control room is at Heerapura (Jaipur) which operates rou

Dispatch Centre the clock for the purpose of managing the operation of the St

(SLDC) Transmission System and co-ordination of state generation and drawl onreal-time basis.

--

- IIII

rilyplyan,

ab&

fa:riff

noate


LIST OF ABBREVIATIONS---,---ARR Annual Revenue Requirement

BBMB Bhakra Beas Management BoardCEA Central ElectricityAuthorityCERC Central Electricity Regulatory Commission --CGS Central Generating StationEAC Electricity Assessment CommitteeEPS Electric Power SurveyEHV Extra High VoltageFRP Financial Restructuring PlanFY Financial Year _.FY 17 Financial Year 2016-2017

.-FY 18 Financial Year 2017-2018_,.-

FY 19 Financial Year 2018-2019GFA Gross FixedAssets -----Gol Government of India

-GoR Government of RajasthanGSS Grid Sub Station

-HV High Voltage--Jaipur Discom/JWNL Jaipur Vidyut Vitran Nigam Limited _.

Jodhpur Discom/JdWNL Jodhpur Vidyut Vitran Nigam LimitedAjmer Discom/AWNL Almer Vidyut Vitran Nigam Limited -_._-JS Jawahar Sagar Hydel Project

-LD/SLDC State Load Dispatch Centre ---_._ .. -.LTOA Long Term Open Access ConsumersLU Lakh Units -MU Million UnitsMVA Mega-volt-ampere -_.-_-, .MW Megawatts - _._MYT Multi Year Tariff

- ,

NFA Net FixedAssets_.--_

NRLDC Northern Regional Load Dispatch CentreOA Open AccessPGCIL Power Grid Corporation of India Ltd --,PLF Plant Load FactorPPA Power PurchaseAgreement _. ,

PX Power Exchange_._---

R&M Repairs and Maintenance-RERCI Commission Rajasthan Electricity Regulatory Commission

RRVPN Rajasthan RajyaVidyut Prasaran Nigam Limited----

RVUN Rajasthan Raj:ia Vid:iut Ut~adan Nigam Limited-

RS./INR Indian Rupees-RES Renewable Energ:i Sources ---

RSEBI Board Rajasthan State Electricity Board.'Transfer Scheme The Rajasthan Power Sector Reforms Transfer Scheme, 2000

- ;,

- I

-. '--1

Page I '16


Preamble

The section-1 outlines performance of Transmission segment of RVPN for FY 16-17 is in linewith the provisions of the Tariff Regulations, 2014. RVPN hereby submits the True Up Petitioncomparing the actual performance of RVPN during FY 16-17 with the forecast approved by theHon'ble Commission vide Tariff Order dated 27-10-2016.

The section-2 outlines performance of SLDC segment of RVPN for FY 16-17 is in line with theprovisions of the Tariff Regulations, 2014. RVPN hereby submits the True Up Petitioncomparing the actual performance of RVPN during FY 16-17 with the forecast approved by theHon'ble Commission vide Tariff Order dated 27-10-2016.

The section-3 outlines Annual Revenue Requirement and Determination of Tariff forTransmission segment for FY 2018-19 is in line with the provisions of the Tariff Regulations2014. RVPN hereby submits the Petition for Annual Revenue Requirement and Determinationof Tariff for FY 2018-19.

The section-4 outlines Annual Revenue Requirement and Determination of Tariff for SLDesegment for FY 2018-19 is in line with the provisions of the Tariff Regulations, 2014. RVPNhereby submits the Petition for Annual Revenue Requirement and Determination of Tariff for FY2018-19.

The section 5 outlines the Compliance report on the directions of the Hon'ble Commission in ItsOrder dated 26th May, 2017.

Background

i) RERC (Terms & Conditions for Determination of Tariff) Regulation, 2014 specifies tha:the Hon'ble Commission shall undertake the True Up of the licensee for the pastfinancial year i.e. FY 16-17 based on the actual performance of the licensee in that yeawith the approved forecast for such year.

ii) RERC (Terms & Conditions for Determination of Tariff) Regulations, 2014 stipulates thatthe applicant shall submit the forecast of Aggregate Revenue Requirement, expecteorevenue from existing tariffs and proposed tariff of the ensuing year and the Commissionshall determine the ARR & tariff for the ensuing year of the Generating CompanyTransmission Licensee and Distribution Licensee.

iii) RERC (Terms & Conditions for Determination of Tariff) Regulations, 2014 stipulates thatwhere the aggregate revenue requirement and expected revenue from tariff and chargesof a Generating Company or a Licensee is covered under a multi-year tariff frameworkthen such Generating Company or Licensee, as the case may be, shall be subject to anAnnual Performance Review.

iv) RVPN submitted Petition for ARR for FY 17-18 and for Annual Performance Review 10:

FY 2015-16 vide no. RERC/1079/17 on 31th January, 2017 against which the Final Orderof the Hon'ble Commission was issued on zs" May, 2017 for ARR & Tariff for FY 17-1:3and Review of APR for FY 2015-16.

RajasthanRajya Vidyut Prasaran Nigam Limited APR FY 16-17 & ARRFY2018-19

v) As per Regulation 8 of RERC Tariff Regulations, 2014, the scope of the AnnualPerformance Review shall be a comparison of performance of the Licensee withapproved forecast of aggregate revenue requirement and expected revenue from tariffand charges and shall comprise of the following:

(a) A comparison of the audited performance of the applicant for the previous financialyear with the approved forecast for such previous financial year and truing up ofexpenses and revenue subject to prudent check including pass through of impact ofuncontrollable factors;

(b) Computation of the gains and losses on account of controllable and un controllablefactors for the previous year;

(c) Resultant revenue gap I surplus shall be adjusted as per the order of theCommission.

(d) Review of compliance of the directives issued by the Commission from time to time

(e) Other relevant details, if any.

vi) The Regulation 6 of RERC Tariff Regulations, 2014 further requires that a TransmissionLicensee shall make an application for annual performance review and annual revenuerequirement by 30th November each year. However, at the request of Petitioner Hon'bleCommission has granted extension up to 31st December, 2017 vide letter noRERC/SECY/DD(TCH.)FI 0 1170 Dated 27.11.2017 for filing the Petition.

vii) In line with the provisions under Tariff Regulation, 2014, RVPN is filing this True Upapplication for FY 16-17, wherein, RVPN has presented the actual audited data for theFY 16-17. RVPN is submitting actual audited data for FY 16-17 vis-a-vis its comparisonwith figures approved by the Hon'ble Commission. Accordingly, actual data for revenueand gap for FY 16-17 are given in section -1&2.

viii)The projected expenses and income of RVPN for FY 2018-19 have been segregatedamongst Transmission segment, SLDC functions for the purpose of filing separate ARF<for FY 2018-19 for these segments in section 3 & 4.

ix) The Petitioner is also submitting compliance report on directions of the Hon'bleCommission in its Order dated 26th May, 2017 in section 5.

Preamble Page I '18

RajasthanRajya Vidyut Prasaran Nigam Limited APR FY 16-17& ARRFY 2018-19

This petition consists of following sections:

Section-1

Section-1 of this petition consists of Annual Performance Review and Truing-up of APR for FY

16-17 for Transmission based on RVPNAudited Accounts for FY 16-17

Section-2

Section-2 of this petition consists of Annual Performance Review and Truing-up of APR for FY

16-17 for SLDC based on RVPNAudited Accounts for FY 16-17

Section-3

Section-3 of this petition consist of ARR and Transmission Tariff for FY 2018-19 for

transmission charges from long term users including Distribution Licensee and other LTOA

consumers and charges for short term open access consumers including trading through power

exchange under Tariff Regulation, 2014.

Section-4

Section-4 of this petition consists of ARR and SLDC Charges for FY 2018-19 for SLDC as the

RVPN is operating the State Load Dispatch Centre of Rajasthan. The SLDC charges are

recoverable from Distribution Licensees, Open Access Consumers and other users connected

to / utilizing intra-State transmission system under Tariff Regulation, 2014.

Section-5

Section-5 is Compliance Report on the directions of the Hon'ble Commission in its Order dated

26th May, 2017.

Preamble Page 119

Rajasthan RajyaVidyut Prasaran Nigam Limited APR FY 16-17 - Transrnission

SECTION -1

ANNUAL PERFORMANCE REVIEW

FOR FY 16-17

TRANSMISSION

,-'. ,..<; ':::;::_' :

-se-c-tio-n---1-----------~--0-,\"-.,,c-,<"'-:·';~' ':"'-"---=P-ag-e'"":"""::":126

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 - Transmission

Annual Performance Review

The RVPN Annual Accounts for FY 16-17 have been audited under the section 139 ofCompanies Act, 2013 by the Statutory Auditor. The CA&G's supplementary audit under section143(6) of the companies Act, 2013 was issued vide letter No.CAW-I/Sr.AO.lRVPN/2016-17/K-658/0.1997 and 1998 dated 12.12.2017. The- RVPNAnnual Accounts for FY 16-17 and CA&GReport is attached at Annexure-1

In view of requirement of filing of separate Annual Revenue Requirement and Tariff charges forTransmission and SLOC, the RVPN Audited Accounts for FY 16-17 have been segregated intosegments namely; (i) Transmission and (ii) SLOC. The segment wise details are given at Table39.5 (Page 54-55) of the Balance Sheet.

For the purpose of True Up a head wise comparison has been made between the valuesapproved by the Hon'ble Commission vide Tariff Order dated 27-10-2016 under AggregateRevenue Requirement for FY 16-17 and the actual figures for various expenditures for FY 16-17.

Truing-up of APR for Transmission Segment FY 16-17

1.1 The summary of Annual Revenue Requirement for Transmission Segment for FY 16-17based on Audited Accounts for FY 16-17 has been brought out in Form No. TTU1attached with the petition.

The true-up of ARR for Transmission Segment has been prepared and analyzed underfollowing heads:

a. Truing-up of Expenditure

b. Truing-up of Revenue Receipts

Truing-up of Transmission Expenditure

1.2 The actual O&M expenses on Transmission business were Rs. 409.41 and normative asRs. 950.574 Crore against Rs. 941.46 Crore allowed in RERC Order dated 27-10-2016.The actual O&M expenses as per audited accounts were lower than the approved by theCommission. The break-up of actual O&M expense net of the capitalization is providedbelow at Table 1:

Section -1 Page I 21

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 - Transmissiou

Table 1: Break-up of Actual O&M Expense of Transmission for FY 16-17

(Rs. Crore)S. No. Particulars Audited " '

, Acc()l,mts; ,FY 16-17 : '

1 Repairs & Maintenance 57.4

2 Employee Costs

a Employee cost of current year 472.1----,_.•._-

b Provision due to actuarial valuation liability for leave 00encashment & PensionTotal Employee Cost 472.1

3 Administration & Other Expenses 100.2._-_4 Less Capitalizations of O&M 220.4_'_'_5 Net O&M Expense (1+2+3-4) 409.4

.-

6

o1

4

o ,1

1.3 The norms prescribed for O&M expenses under RERC Tariff Regulations, 2014 arebased on assets like ckt-km length of Transmission lines, Sub-Station's capacity in MVAand number of feeder bays at different voltage level. The normative O&M expenses asper prescribed norms of the Regulations for FY 16-17 are Rs. 950.574 Crore against Rs941.46 Crore allowed in RERC Order dated 27-10-2016. The details of normative O&Mexpenditure are given in Table below:

Table 2: Normative O&M Expenses of Transmission for FY 16-17

2452

0.000 308.656 696.243 590.921 4516.00 6 8 39 11'

0.000 0.000 0.000 0.000 0.000 0 0 0

Closing Balance 425.498 3937.327 14420.800 16771.050 72552.50 28 91 730 25t)0

425.498 3782.999 14072.679 16475.590 70294.50 28 87 711 ,)fi()6

Rates for17 (Rs. Lakh I ckt- 1.759 1.109 0.437 0.258 0.684 103.012 68.671 9.568 CAD2km I MVAINormative O&M 748.451 4195.346 6149.761 4250.702 48081.438 2575.300 5974.377 67980134 113;'F3988Cost for FY 16-17

Total Normative O&M Cost (Rs. Lakhs) 95057.426

Total Normative O&M Cost (Rs. Crore) 950.574

~~~.~~

~I -.• ~,?>k(:s..JSection-1 C\./a~~,'\c;'\ Page 1221:-~. \0'"~~~ ,',..\\/• ~,?>f;:/. ,\\: ". ~~~"\\'S'0~ <:

- . - - --------------- - --

RajasthanRajya Vidyut Prasaran Nigam Limited APR FY 16-17 - Transmission

1.4 As O&M expenses are controllable in accordance with RERG Tariff Regulation, 2014.the gain / loss as computed has to be retained in accordance with Regulation 9 of theTariff Regulation 2014, accordingly in this case the normative O&M expenses have beenconsidered for trueing up. Details are available in Form TTU 2 with the petition.

Table 3: 0 & M Expenses to be considered for True up for FY 16-17

(Rs. Crore)I "' .', , Gain I Net' ,'".

Particulars I Approve(l Normative Loss Sharing Entit'enlfiriti

Total 0 & Mexpenses forFY 16-17

941.460 950.574 9.114 0.00 950.574

1.5 The Return on Equity (RoE) is allowed as 15.50% on the equity invested in accordancewith Regulation 20 of RERC Tariff Regulation, 2014. However, for the FY 16-17, RVPNhas claimed Rs. 421.53 Crore as approved in RERG order dated 27.10.2016 as againstactual of Rs. 470.68 Crore @ 12%. The details of RoE calculation are shown in tablebelow and Form TTU 9 with the petition is attached.

Table 4: Return on Equity for Transmission FY 16-17

(Rs. Crore)51. P tl I 01 RERC Order dated Audited Accounts:> .No. ar ICU ars 10 27-10-2016 FY 16-11' 'i iIi '1 Equity at the beginning 3411.16 382of the year

2 Equity at the end of the 3614.29 401year -_

3 Average Equity during 3512.73 392the year -_-

4 Return on Equity 12% 421.53 47

5 Return on Equity 421(Actually claimed)

509

o ob

5'-. i. ~ ,

1.6 The actual interest on working capital requirement is Rs, 15.44 Grore as against Rs55.48 Grore allowed in RERG Order, However, the same has been considered as perRegulation as Rs. 54,74 Crore. The details are in table below and in Form TTU 5attached with the petition,



Table 5: Working Capital Approved I Normative for FY 16-17, Transmission

(Rs. Crore), RERC Order .' "

SI. No. ,\:~ earticulars dated 27~10- Norm.atj:v~4 lh," , " ' Considered '%b, , " 2016", ! ~k

21 I

59 '

73

1 O&M expenses (as per norms) 78.46 79..--

2 Maintenance Spares (as per norms) 141.22 142.

3 Receivables on target availability (as per norms) 308.72 342.---

Less - Amount held as security deposits from4 Users except security deposits held in the form of 76.03 100.

BG _ ..5 Total Working Capital Required as per norm 452.37 463.

--6 Interest Rate (as per norms) 12.26% 11.80

.~----

7 Interest on Working Capital as Normative 55.48 54.

8 Actual Interest on Working Capital 15.

9 Interest on Working Capital Considered as per 54.Regulation

65

1.7 Depreciation charges for FY 17 are however higher at Rs. 731.18 Crore as againstRs.681.58 Crore approved vide RERC Order dated 27-10-2016. The depreciationcharge has been computed based on the rates and methodology specified in TaritfRegulation 2014 and is available in Form TTU3 attached with the petition.

In the book of RVPN up to the FY 2013-14, the depreciation had been charges at tilerate / useful life notified by the FORUM of Regulator on dated 23-06-2006. In pursuanceof Para 5.3 (c) of the tariff policy issued by the Ministry of Power, GOI on dated 06-012006 duly adopted by RERC. From the FY 2014-15, depreciation has been computed atthe rates / useful life and methodology notified vide RERC (Terms & Conditions forDetermination of Tariff) regulations 2014 in accordance with Part-B of Schedule-II of theCompanies Act 2013 issued by the ICAI.

Difference in Fixed Assets & capitalization at the beginning of the year 01.04.2017 andat the end of the year 31.03.2016 is due to Adoption of Deemed Cost: As per Ind AS101. Details are as under:

1. Adoption of Deemed Cost: As per Ind AS 101 'First Time Adoption of Ind AS', a firsttime adopter to Ind ASs may elect to continue with the carrying value for all of itsproperty, plant and equipment as recognised in the financial statements as at thedate of transition to Ind ASs, measured as per the previous GAAP and use that as Itsdeemed cost as at the date of transition.

Section - 1 Page 124


Accordingly, WDV (i.e., gross value less depreciation) of PPE is taken as thedeemed cost as on 01- April 2015.

2. Prior period Adjustment: As per Ind AS 8 'Accounting Policies, Changes inAccounting Estimates and Errors, an entity shall correct material prior period errorsretrospectively in the first set of financial statements approved for issue after theirdiscovery by:

(a) restating the comparative amounts for the prior period(s) presented in which theerror occurred; or

(b) if the error occurred before the earliest prior period presented, restating theopening balances of assets, liabilities and equity for the earliest prior periodpresented.

So, prior period depreciation has been adjusted in the year to which the prior perioddepreciation relates. Prior period depreciation for the year 2015-16, which wasearlier recognized in the same year as per previous GAAP, is now adjusted in theopening balance of the PPE as on 01 April 2015 as per Ind AS. Also, prior perioddepreciation for the year 2016-17, is adjusted in opening balance as on 01 April2015 or 2015-16 i.e., the year to which the error relates.

3. Land Lease Adjustment: Under the previous GAAP, provisions of AS 19 'Leases' didnot apply to lease agreements for use of land. However, Ind AS 17 'Leases' does notcontain any such exception. Accordingly, land leases are covered by Ind AS 17.

As per para 20 of Ind AS 17 'Leases', at the commencement of the lease termlessee shall recognise finance leases as assets and liabilities in their balance sheetsat amounts equal to the fair value of the leased property or, if lower, the presentvalue of the minimum lease payments, each determined at the inception of the lease

Leasehold land was capitalised at an amount equal to the upfront payments made atthe time of lease under previous GAAP. However, under Ind AS, such leasehold landis capitalised at the present value of the total minimum lease payments to be paloover the lease term. Accordingly, there is increase in the value of leasehold land andamortisation expense.

4. Capitalisation of Spares: Para 8 of Ind AS 16 'Property, Plant & Equipment', providesthat 'Items such as spare parts, stand-by equipment and servicing equipment arerecognised in accordance with this Ind AS when they meet the definition of property.plant and equipment. Otherwise, such items are classified as inventory. ' Para 6 0'

the Ind AS 16 defines the Property, plant and equipment as 'tangible items that (a Iare held for use in the production or supply of goods or services, for rental to othersor for administrative purposes; and (b) are expected to be used during more thaione period'.



Therefore, material O&M spares having useful life of more than 1 year arecapitalised and depreciated from the date they are available for use.

1.8 The actual interest on loans and finance charges as per Audited Annual Accounts areRs. 854.32 Crore as against Rs. 795.79 Crore allowed vide RERC Order. The bank Iinstitution wise details are available in Form TTU 4.1 attached with the petition. Theincrease is mainly because of guarantee charges paid to Financial Institutions & Banks.

1.9 The insurance charges for FY 17 are Rs. 0.29 Crore as against 0.55 Crore allowed inRERCOrder dated 27-10-2016. The details are in Form TTU 6 attached with the petition

1.10 The other expenses and Misc. losses and bad debts written off are Rs. 300.62 crore asagainst Rs. 10.00 Crore approved in the vide RERC Order dated 27-10-2016. Thesecharges consist of miscellaneous losses of Rs. b§8 Crore, Rs. 2.22 Crore of ULDC !

NRLDC / VAR Charges and bad debts of Rs. 295:82 Crore. The bad debts amounting toRs. 280 Crore of DISCOMs have been writtenoff ;s per as per decision in 262 meetingof Board of Directors held on' 28.08}Q17. However, for truing up purpose we haveconsidered bad debts @ 0.25% of trade receivables as per Regulation 26 of the TariffRegulations, 2014 The amount of Rs. 8.30 Crore includes Rs. 3.50 Crore of bad debt(0.25% of trade receivables Rs. 1398.56 Crore), Miscellaneous losses Rs. 2.58 Croreand Rs. 2.22 Crore of ULDC / NRLDC / VAR Charges. The details are available in FormTTU 8 attached with the petition.

1.11 Income tax of Rs. 2 Crore is on account of MinimumAlternate Tax (MAT) as per Income'Tax Act, 1961. The details are in Form TTU 10 attached with the petition.

1.12 The summary of Aggregate Revenue Requirement for Transmission segment for FY 16-17 based on audited accounts and as approved in RERC Order dated 27-10-2016 hasbeen shown in Form TTU1 of Transmission Segment of petition. Summary o:expenditure approved for Transmission segment for FY 16-17 as per order and actuaexpenditure based on audited accounts for FY 16-17 is given in table below:

Table 6: True-up of Transmission Expenditure for FY 16-17

2

3

4

56 Net Prior Period Expenses

Section - 1

941.46

.681.58 31.18.. .795.79 854.32

55.48 15.44

421.53 470.68

0.00 0.00

854.32

731.18 (4()

54.74421.53 OGU

0.00 C U()

Page I 2F

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

RajasthanRajyaVidyutPrasaranNigamLimited APRFY16-17- Transmission

S RERCOrder Audited To be r: G . '" !I 'N' Particulars dated 27-10- Accounts considered as L ai 't!\t,:o 2016 FY 16-17 per Regulations , oss r~J~~

Other Expense, VAT Charges,NRLDCVAR Charges,

7 Extraordinary items and FBT, 10.00 300.62 8.30Miscellaneous losses and baddebts write-offs ---

8 Insurance charges 0.55 0.29 0.29

9 IncomeTax Paid / Provision 0.00 2.00 2.00 (2

10 Total Expenditure for FY 16-17 2906.39 2783.94 3022.93 (116

11 Annual Revenue Requirement 2906.39 2783.94 3022.93 (116FY 16-17 ._---

1 70

00)

54)

.54)

1.13 The actual Annual Revenue Requirement based on Audited Annual Accounts FY 16-17for Transmission segment works out to Rs. 3022.93 Crore against Rs. 2906.39 Crareallowed in RERC Order dated 27-10-2016.

Truing-up of Transmission Revenue receipts

1.14 The table below gives revenue receipts approved in RERC Order dated 27-10-2016 andactual revenue received during FY 16-17 as per Audited Annual Accounts fortransmission segment.

Table 7: Approved vIs Actual Revenue Receipts for FY 16-17

RERC Order Audited G' + IS. No Particulars dated 27-10- Accounts LalO:l())

2016 FY 17 os~" -

1 Transmission Charges for recovery / 2320.67 2320.74 0.07recovered from DISCOMs

2 Non-Tariff Income 125.00 72.34 (52.66)

3 Income from Short Term Open Access 131.79 156.83 25.04•.._,._---

4 Income from Long Term Open Access 111.14 76.93 (3421)1--._.- -_._-

5 Other Miscellaneous Income 0.00 1.56 1.56-_._---

6 Subsidies & Grants on capital Account 0.00 14.13 14.13(Non-Regulatory) -_1----------

7 Total Revenue Receipts for FY 16-17 2688.60 2642.53 (46.07)

8 Interstate Line User Charges 37.98 50.38 12.40

9 True up for FY 14-15 - Surplus 179.80 179.80

10 Net Revenue Receipts FY 16-17 2906.39 ?,872.70 (33.69)-

11 Total Expenditure for Transmission 3022.93for FY 16-17 (Table 6) ---.

Section -1 Page 127


Net Loss (-) to be carried forward12 based on actual Revenue &

Expenditure(150.22)

1.15 The Non-Tariff Income is lower at Rs. 72.34 Crore against Rs. 125.00 Crore approved inARR Order.

1.16 The recovery from Discoms is Rs. 2320.74 Crore against Rs. 2320.67 Crore allowed inRERC Order dated 27-10-2016, which is higher, by Rs 0.07 Crore.

1.17 Other miscellaneous income is Rs. 1.56 Crere.

1.18 Subsidies & Grants on capital Account (Non-Regulatory) and Consumers Contribution isRs. 14.13 Crore.

1.19 Income from Short Term and Interstate Line User Charges Rs. 284.14 Crore as againstRs. 169.77 Crore allowed in RERC Order dated 27-10-2016.

1.20 However, the net total revenue was lower by Rs. 150.22 Crore than actual expenditureincurred during the year FY 16-17 as per book of accounts and norms of Regulations.

The Net Deficit in the FY 16-17 for Transmission Segment is Rs. 150.22 Crore.

Summary of variations in RVPN approved ARR and actual as per Annual Accounts FY 16-17.

1.21 The abstract of RVPN ARR approved by the Commission's Order dated 27-10-2016 andactual income and expenditure as per Audited Annual Accounts for FY 16-17 issummarized below:

Table 8: Abstract of RVPN approved ARR and actual as per Annual Accounts FY 16-17

2906.39 2906.39

1.22 The Petitioner has claimed incentive amounting to Rs. 48.79 Crore from Discoms andOpen Access consumers on achieving annual availability above the target availability of98%, subject to maximum availability of 99.75% as per Standards of Performance ofRVPN for the year FY 16-17 in accordancewith RERC Tariff Regulations, 2014.

The Incentive for system availability from Discoms & LTOA consumers for FY 16-17 hasbeen claimed as per Table below:

Section -1 Page 128


Table 9: Incentive for system availability from Discoms for FY 16-17

S. No. Name of Discoms & LTOA consumers Amount (Rs. Crore)

1 Jaipur Discom 11.60

2 Ajmer Discom 16.58

3 Jodhpur Discom 13.26

4 LTOA consumers 7.35

Total 48.79-1.23 Transmission Losses

The details of Transmission Losses are given in Table below:

InSTS Transmission Loss Actual InSTSYEAR specified in ARR Order Transmission

w, " ". (%) loss(%)FY2015-16 4.15% 3.89%

FY2016-17 3.89% 3.35%

1.24 System Availability

The details of System Availability are given in Table below:

1 EHV Transmissionlosses

a) Within the State

2 System availability

a) 400 KV System

b) 220 KV System

c) 132 KV System

3.35% 3.89% 3.89%

99% to 100% 99% to 100% 99% to 100%

99% to 100% 99% to 100% 99% to 100%

99.75% 99.80% 99.80%


Net Truing-up amount for carry forward to FY 2018-19

1.25 Taking into account Truing-up ARR of Transmission Business in FY 16-17 as peaudited accounts, the net Truing-up deficit amount to carry forward in AggregateRevenue Requirement of FY 2018-19 works out to Rs. 150.22 Crore.

1.26 The Petitioner requests the Hon'ble Commission for allowing net Truing-up amount asdeficit of Rs. 150.22 Crore for carrying forward in FY 2018-19.

Prayer under Annual Performance Review for FY 16-17

The petitioner requests the Hon'ble Commission for:

i. To determine cumulative surplus/deficit on Truing-up of Annual Revenue Requirementfor FY 17 based on Audited Accounts of RVPN for FY 17 for carry forward to ARR for FY2018-19 under Regulation 8(6) of RERCTariff Regulations, 2014.

ii. To impart directions to Discoms for payment of incentive for FY 16-17 as per table No.9

iii. Allow us to furnish additional data and information and/ or to modify the informatiorsubmitted.

iv. And pass such other and further orders as are deemed fit and proper in the facts andcircumstances of the case.

Section -1 Page I k

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 - SLOe

SECTION - 2

ANNUAL PERFORMANCE REVIEW

FOR FY 16-17

SLOC

Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 - SLDe

Truing-up of APR for SLOC Segment for FY 16-17

The summary of Annual Revenue Requirement for SLDC Segment for FY 16-17 based onAudited Accounts for FY 16-17 has been brought out in Form No. STU 1 attached with thepetition.

2.1 The true-up of ARR for SLDC Segment has been prepared and analyzed under followinoheads:

a. Truing-up of Expenditure

b. Truing-up of Revenue Receipts

Truing-up of SLDe Expenditure

2.2 The actual O&M expenses on SLDC business is Rs. 12.28 Crore against Rs. 11.72 Crallowed in RERC Order dated 27-10-2016. Details are given in Form STU 2.1,2.2 & 2 3The break-up of Operation & Maintenance of SLDC segment is given in below:

Table 10: Break-up of Actual O&M Expenses of SLOe for FY 16-17

Rs. Crere

1 Repair & Maintenance 0.03

2 Employee Cost 11.06

3 Administration & Other Expenses 1.19

4 Additional Contribution towards0Pension & Gratuity

5 Less Capitalization 0

Net O&M Expenses 12.28

2.3 The Return on Equity (RoE) is allowed as 15.50% on the equity invested in accordancewith Regulation 20 of RERC Tariff Regulation, 2014. However, for the FY 16-17, RVF>Nhas claimed @ 12% only amounting to Rs. 0.13 Crore as against Rs. 1.58 Crore allowedby Hon'ble Commission in its order dated 27.10.2016. Details are available in ForruSTU? The calculation of RoE is shown in table below:

Section - 2 Page I 3?


Table 11: Return on Equity for SLOe FY 16-17

2 Equity at the end of the year 14.21 1.07

3 Average Equity during the year 13.14 1.07

4 Return on Equity 12% 1.45 0.1 ::<

Return on Equity5 (Actually, claimed as per 0.13 .

Balance sh

2.4 The Interest on working capital is considered as per Normative calculation as perRegulation 27(2) of RERC Tariff Regulation, 2014. For the FY 16-17 the actual intereston working capital is "NIL", but as per regulation the interest on working capitalconsidered as per table below is Rs. 0.64 Crore against approved by Regulator as Rs.0.43 Crore. Considering the above the interest on working capital is higher by 0.24Crore.

Table 12: Working Capital Approved I Normative for FY 16-17, SLOC

(Rs. Crore)As per '.

SI. P tl I RERC N t'N ar ICU ars 0 ddt d orma iveo. r er a e : }

27.10.2016 ;

1 O&M expenses (as per norms) 0.98 1.0

2 Maintenance Spares (as per norms) 1.76 1.8

3 Receivables on target availability (as per norms) 1.17 2.8----

4Less Amount held as security deposits from users 0.40 0.31except security deposits held in the form of BG

5 Total Working Capital Required as per norm 3.51 5.41

6 Interest Rate (as per norms) 12.26% 11.80°1<

7 Interest on Working Capital (Normative) 0.43 0.6

8 Interest on Working Capital (Actual) - NI

9 Interest on Working Capital (Considered) - 0.6

2 i

4 .15 II

I

° :4

L·

4

Section - 2 Page I 33


2.5 The actual SLDC operation expenses towards RLDC I NRLDC fee are Rs.10.08 Croreas against Rs. 18.14 Crore approved vide RERC Order dated 27-10-2016. The detailsare available at Form STU 4 attached with the petition.

2.6 Depreciation charges for FY 16-17 are however lower at Rs. 0.75 Crore as against Rs3.74 Crore approved vide RERC Order dated 27-10-2016. The details are available atForm STU 5 attached with the petition.

2.7 The actual interest on loans and finance charges as per Audited Annual Accounts areRs. 0.90 Crore as against Rs. 3.66 Crore allowed vide RERC Order dated 27-10-2016The bank I institution wise details are available at Form STU 6 attached with the petition,Interest of Rs. 0.27 Crore paid on financial institution loans and Rs. 0.63 Crore onsecurities of generators.

2.8 The actual expenditure incurred on SLDC segment during FY 16-17 was Rs. 24.78Crore as against Rs. 39.27 Crore approved vide RERC Order dated 27-10-2016resulting into saving of Rs. 14.49 Crore. The reduction has been achieved indepreciation, interest & finance charges and SLDC Operating expenses for SLDCsegment.

2.9 The summary of Aggregate Revenue Requirement for SLDC segment for FY 16-17based on audited accounts and as approved in RERC Order dated 27-10-2016 has beenshown in Form STU1 of petition being submitted. Summary of expenditure approved forSLDC segment for FY 16-17 as per order and actual expenditure based on auditedaccounts for FY 16-17 is given at table below:

Table 13: Truing-up of SLOC Expenditure for FY 16-17

S.RERC

• .

NoParticulars •.' Order Audited To be

L dt. 27- Accounts considered Gainl

- 10-2016 FY 16-17 as per Loss (-)

•Regulations

1 11.72 12.28 12.28 (0.56)

2 Depreciation 3.74 0.75 0.75 2.99

3 Interest Charges 3.66 0.90 0.90 2.76

4 Interest on Working Capital 0.43 0.00 0.64 (0.21)

5 RLDC/NRLDC Fee and Charges 18.14 10.08 10.08 8.06

6 Return on Equity 1.58 0.13 0.13 1.45

7 Total Revenue Expenditure 39.27 24.14 24.78 14.48

O~~ oRA'. \neef ~~??6. J

Section - 2 su?e(\{\i~~' lat\"'{ Page I 34


Truing-up of SLOe Revenue Receipts and Net truing-up

2.10 The table below gives revenue receipts approved in RERC Order dated 27-10-2016 andactual revenue received during FY 16-17 as per Audited Annual Accounts for SLDesegment.

Table 14: Truing-up of SLOC Revenue for FY 16-17

S RERCOrder A dlt d G . I

N. Particulars dated 27-10- A u tleFY17 L am( )o. 2016 ccoun s oss -

(Rs Crore)

Transmission Charges for1 recovery I recovered from 9.40 8.97 (0.43

OISCOMs1 Non-Tariff Income 1.63 1.99 0.3

2 Income from Long Term Open 0.39Access Consumers

3 Income from Short Term Open 0.21 0.18 6.9Access Consumers

4 Income from Energy Exchanges 6.63--

5Total Revenue Receipts for FY 16- 11.24 18.15 (6.9117

6 True-up Surplus of FY 2014-15 28.03 28.03 0.0

7Net Revenue Receipts for SLOC 39.27 46.18 6.91operations for FY17

8Total Expenditure for SLOC for FY 39.27 24.78 (14.4916-17 -_. ,----

9 Net Surplus to be carried forward 21.40

6

9

o

2.11 The recovery from Non-Tariff Income is Rs.1.99 Crore against Rs. 1.63 Crore allowed inRERCOrder dated 27-10-2016, which is higher, by Rs. 0.36 Crore.

2.12 The recovery from Open Access Consumers, STOA and Energy Exchange is Rs. 7.20against Rs. 0.21 Crore allowed in RERC Order dated 27-10-2016, which is higher, byRs. 6.99 Crore.


Rajasthan Rajya Vidyut Prasaran Nigam Limited APR FY 16-17 - SLOC

2.13 The recovery from Discoms is Rs. 8.97 Crore against Rs. 9.40 Crore allowed in RERCOrder dated 27-10-2016, which is lower, by Rs. 0.43 Crore.

2.14 The total revenue income is lower by Rs. 19.28 Crore from approved revenue. However,SLOC segment operation resulted in overall surplus of Rs. 21.40 Crore.

Net Truing-up of SLDe Revenue Receipts and Expenditure

Net SLOC Revenue Expenditure I Requirement - Rs. 24.78 Cr.

Net SLOC Revenue Receipt Rs. 46.18 Cr. Considering True-Up surplus of Rs. 28.03 Cr. as per RERCOrder dated 27.10.2016 for FY 2014-15.

The Net Surplus in the FY 16-17 for SLOC is Rs 21.40 Crore.

Summary of variations in RVPN approved ARR and actual as per Annual Accounts FY '16· 'I

2.15 The abstract of RVPN ARR approved by the Commission's Order dated 27-10-2016 andactual income and expenditure as per Audited Annual Accounts for FY 16-17 issummarized below:

Table 15: Abstract of RVPN approved ARR and actual as per Annual Accounts FY 16-17

(Rs Crare)

Business 24.78

Net Truing-up amount for carry forward to FY 18-19

2.16 Taking into account Truing-up ARR of SLDC Business in FY 16-17 as per auditedaccounts, the net Truing-up amount to carry forward in Aggregate Revenue Requirementof FY 2018-19 works out to Surplus of Rs. 21.40 Crore.

2.17 The Petitioner requests the Hon'ble Commission for allowing net Truing-up amount asSurplus of Rs. 21.40 Crore for carrying forward in FY 18-19.

Prayer under Annual Performance Review for FY 16-17

The petitioner requests the Hon'ble Commission for:

i. Determine cumulative surplus/deficit on Truing-up of Annual Revenue Requirement forFY 16-17 based on Audited Accounts of RVPN for FY 16-17 for carry forward to ARR forFY 18-19 under Regulation 8(6) of RERCTariff Regulations, 2014.

~~~~Q

Page 136Section - 2

RajasthanRajya Vidyut Prasaran Nigam Limited APR FY 16-17 - SLOe

ii. Allow us to furnish additional data and information and / or to modify the informationsubmitted.

iii. And pass such other and further orders as are deemed fit and proper in the facts andcircumstances of the case.

Section - 2 Page I Ti

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Transmission

Section - 3

Aggregate Revenue Requirement

&

Transmission Charges for FY 2018-19

Section - 3 Page I 3(;

RajasthanRajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Transmission

ARRand Tariff for Transmission

3.1 This section of the petition consists of ARR and Tariff for Transmission function forrecovery of annual transmission charges (ATC) from long term users includingDistribution Licensees, and charges for short term open access transactions throughpower exchanges and bilateral transactions for FY 2018-19.

RVPN Intra-State Transmission System

3.2 The petitioner is undertaking transmission of electricity through intra-State transmissionsystem primarily for Discoms and other long term open access consumers and surplusifany available for short term open access consumers. Table below gives year-wise MWtransmission approved in ARR orders for determination of transmission tariff by theHon'ble Commission. The actual peak demand occurred on RVPN intra-Statetransmission system during such year also indicated:

Table 16: Power Transmission on RVPN InSTS System

(in MW)

RERC ARR Order dated 9-Jan-14 9-0ct-14 14-Aug-15 27-0ct-16 26--

Transmission for Discoms 10360.00 11017.00 12594.00 12528.00 1

Transmission for OA consumers 281.00 425.42 425.42 600.00 c----RVPN Total InSTS Transmission 10641.00 11442.42 13019.42 13128.00 1

--

Actual Peak on System 10038.00 10642.00 10961.00 10348.00 Yek- -

May-17-. -- -

252U 00

60() 00

31?U CU

nown

3.3 Projections of energy requirement for FY 18-19 has been assessed by EnergyAssessment Committee (EAC) held on dated 06.10.2017. Abstract of the report isattached at Annexure - A The details of energy requirement for Discoms and LTO,!\consumers is shown in table below:

Table 17: Energy Requirement of Discoms for FY 18-19

v

Energy Requirement of Discoms for FY 18-19 MU

Jaipur Discom (40%) 32186.96

Ajmer Discom (28%) 22530.87

Jodhpur Discom (32%) 25749.57

Total Discoms Requirement 80467.40

Requirement of LTOA consumers 3760.00

Total Requirement 84227.40

Section - 3 Page I 39

------------------------------------------------------------------------------ .____RajasthanRajyaVidyutPrasaranNigamLimited ARRFY2018-19- Transrrussion

3.4 The peaking capacity of 11146 MW would be required during FY 18-19 as perprojections from EAC. Considering transmission capacity for Long Term Open Access(LTOA) consumers estimated as 551 MW, for FY 18-19 the total capacity required willbe 11697 MW. Annexure-A gives the estimated capacity handled by RVPNTransmission System for meeting contracted capacity of Discoms.

3.5 The Petitioner estimates total power transmission as 11146 MW including 551 MW forlong term Open Access during FY 18-19 for the purpose of determination oftransmission tariffs as per table below:

Table 18: Expected Power Transmission on RVPN InSTS System

S N . P tl I I MW " 1;&• O. . ar ICU ars . !'r I "! j

1 MW allocation for Discoms for FY 18-19 11146.._-

2 MW allocation for Long Term Open Access (LTOA) 551.-

3 Total MW 11697.

00

00

00 ._ J

Energy Transmission 011 N System

3.6 The transmission tariff for collective transactions through Power Exchange and interstate short term open access is proposed to be specified in term of paisa/kWh basisTable below gives actual energy transmission:

Table 19: Actual energy transmission on RVPN System(MU)

Energy EStirijcj.t~S FY 14 FY15 FY 16 FY 17 . FY 1~.rt!;• /, T (t" " • .;< t ~~

Energy transmission on system in 54615 66895 73810 82273 822RVPN as per ARR Order

Actual Energy in RVPN InSTS 60475 67442 71389 71293 Yet tokno

73

bewn

3.7 The energy transmission on RVPN InSTS is based on tentative gross energyrequirement accessed by Discoms and energy flow due to Open Access Consumers asindicated in Table below:

Table 20: Energy transmission assessment on RVPN InSTS for FY 17-18 & FY 18-19(MU\

Gross Energy ~~guir~lpent of Discoms (MU) FY 17-18 FY 18-19 .~'IJaipur Discom 31405 32187

Ajmer Discom 21984 22530,._--

Jodhpur Discom 25124 25750.-



3760 3760

78513 80467

Energy Flow due to Open Access

L- ~ ~ .Total Energy Flow 82273 84227

3.8 Petitioner proposes transmission tariff for collective transactions through PowerExchange and inter-state short term open access based on 84227 MU for FY 18-19.

Transmission Loss in RVPN lntra-State Transmission System

3.9 The transmission loss in RVPN InSTS during FY 17-18 and FY 18-19 based on StateEnergyAccount is given below:

Table 21: RVPN InSTS Transmission Loss

YEAR InSTS Transmission Loss InSTS ,:~.specified in ARR Order (%) Transmission Loss (%) ~~

FY 16-17 4.11% 3.35%

FY 17-18 3.89% 3.89%*--- -~

FY 18-19 - 3.89%*-_--_ .._-- - _-_- - -_

* Projected only

3.10 RVPN is making all possible efforts to reduce transmission losses as is evident fromactual transmission losses as 3.35% against 4.11% approved by Hon'ble Cornmissiorduring FY 16-17. The anticipated InSTS transmission loss level is 3.89% for FY 18-19As the losses, may increase due to back down of the various Generation Units if'Rajasthan which may increase the losses. As such for FY 18-19 losses have beenproposed as 3.89%. However, RVPN will endeavor to keep the losses up to 4.00 % orbelow.

RVPN Transmission Investment & Financing Plan

3.11 The detailed investment plan for FY 2018-19 submitted by RVPN to the Hon'bleCommission vide letter No. RVPN/SE(NPP&RA)/XEN-2(NPP&RA)/F/B1062 dated24.11.2017 in compliance of the RERC (Investment Approval) Regulations, 2006.

3.12 The brief heads of classification of the investment and resource for FY 18-19 arementioned in the table below:

Section - 3 Page 14'

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Transrnissior:

Table 22: Investment & Financing plan

A. Plan

(Rs. Crore)

Planned Investments - RVPN Transmission EHVWorks

B. Resources

(Rs. Crore), s r- • FY 18~19· "

~a.rtlculars (Projection) .' 11.'

Direct

Bonds / REC / PFC / NABARD / HUDCO I Commercial Banks etc.

Loan from KfW

Loan from Asian Development Bank (ADB)-------"

Grant from National Clean Energy Fund (NCEF) Channelingthrough MNREGrant from PSDF

I

._.-._.

Equity_._-----

Through State Government

Total Resources

649,50

142.20

1201

94 8('

270 '3U

296 o.

1465.00

C. Details of Debt, Equity & Grant

(Rs. Crorej

~~.~~««-s-e-ct-io-n----3----------------------------~~~-~--~-1~-·~~~~'~~~~~.~~--~P~a-g-e~I~42

~~)oo' ~~"~~ c~·,\\~\~~~ ~."

f6"S~1;;, ~.


3.13 The investment will be applied in various planned works as per details below:

Table 23: Investment Plan - Physical Targets

s. . . FY 16-17 FY 17-18 FY:18No. Particulars Unit (Actual) (Estimated) (Proj,,, II' . ,

1 Addition of new Transmission Lines _

a 765kV Lines c-Krn 0.00 0.00--

b 400kV Lines c-Km 308.66 1180.00 7

c 220kV Lines c-Km 696.24 328.62 31

d 132kV Lines c-Km 590.92 346.00 31

2 Addition of new Sub-Stations _-

a 765kV Sub-Station (Nos/MVA) Nos. - I 1500 - I -.---_-

b 400kV Sub-Station (Nos/MVA) Nos. 1 1315 3 I 3630 2/

c 220kV Sub-Station (Nos/MVA) Nos. 7 11000 2 I 320 3--

d 132kVSub-Station (Nos/MVA) Nos. 20 I 775 16 I 475 15---_"--"

3 Addition of Transformer Capacity ._-

a Addition of new Transformer Capacity MVA 3590 4425 2

b Augmentation of Transformer Capacity MVA 926 1500 1

c Total Addition of Transformer Capacity MVA 4516 5925 4-

4 No. of Feeder Bays added**

a 765kV Nos. 6 0

b 400kV Nos. 8 45

c 220kV Nos. 39 52

d 132kV Nos. 111 78-

c.oc40 CCc

o CO

700

_ / -

1630

!ryo

soc145

o20

39

RVPN has considered a normal gestation period of 3 years for transmission projects withcompletion percentage of 30%-50%-20% in 1s" 2nd and 3rd year respectively.

3.14 Achievements in respect of EHV works carried out during FY 16-17 and for FY 17-18 up .oOctober, 2017 are annexed at Annexure-B & Annexure-C.


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


O&M Expenses

3.15 The 0 & M expenses have been estimated on the projected transmission capacity andnetwork for FY 18-19 in Form T2. The projections for FY 18-19 have been arrived as perthe norms specified in regulations 2014 issued by the Hon'ble commission and is givenin table below:

Table 24: O&M Expenses

Expenses950.57 1103.25 1097.89

DepreciationCharges

3.16 The depreciation charge has been computed based on the depreciation rates andmethodology as specified in RERC Tariff Regulations, 2014.

3.17 The actual figures for FY 16-17, estimated figures for FY 17-18 and projection for FY 1819 are presented in the table below:

Table 25: Depreciation Charges

681.58 772.71 701.45 733.80

3.18 In the book of RVPN up to the FY 2013-14, the depreciation had been charges at therate I useful life notified by the FORUM of Regulator on dated 23-06-2006. In pursuanceof Para 5.3 (c) of the tariff policy issued by the Ministry of Power, GOI on dated 06-01-2006 duly adopted by RERC. From the FY 2014-15, depreciation has been computed atthe rates I useful life and methodology notified vide RERC (Terms & Conditions forDetermination of Tariff) regulations 2014 in accordance with Part-S of Schedule-II of tileCompanies Act 2013 issued by the ICAI.

Section - 3 Page 14t,


Interest on Loans, Working Capital & Finance Charges

3.19 The details of Interest and Finance charges for the transmission function for FY 16-17and estimated for FY 17-18 and projections for FY 18-19 are presented in the followingtable:

Table 26: Details of Interest and Finance Charges(Rs. Crore)

773.67 733.14

65.00 80.65 65.00 90.00 9500 .

795.79 854.32 918.08 823.14 87375

55.48 54.74 57.46 52.10 60 '19 !

Total Interest including 851.27 909.06 975.54 875.24 933.~4interest on worki

3.20 The details of interest charges and loan repayment etc. are given in Form T4.1, T4.2 0AT4.3 for FY 16-17, FY 17-18 & FY 18-19 respectively.

3.21 The Finance Charges include the Guarantee charges, Commitment Charges, Stampduty, Registration Fees and Legal Charges etc. Taking into account these charges theFinance Charges for FY 17-18 and FY 18-19 have been projected at Rs. 90.00 Croreand Rs 95.00 Crore respectively. The increase in finance charges is mainly due toincrease in guarantee charges from 0.5% (concessional rate) to 1% as conveyed byenergy department, Government of Rajasthan vide their letter no. F.13 (27) energy/20 ndated 10th June, 2016.

3.22 Interest on working capital has been calculated as per norms at Form No. T5. Theincrease in interest on working capital is due to increase in O&M Cost and Receivablesfor FY 18-19. Interest on working capital has been calculated at 11.45% p.a. after addmq250 basis points in the MCLR rate of State Bank of India. The MCLR rate of State Bankof India was 8.95% during FY 16-17.Accordingly, we have calculated Average MCLR as8.95% plus 250 basis points as per Regulation for first six months of the year previous tothe relevant year. A Statement showing MCLR Rate of State Bank of India is attached atAnnexure-D.

Insurance Charges

3.23 The insurance charges of Rs. 0.55 Crore have been considered for FY 18-19 asindicated in Form T6.



Other Items

3.24 The other expenses are as under:

a. Expenses under other items are on account of the miscellaneous expenses to thetune of Rs. 20 Crore, which are not recovered during the financial year. The detailsare given in Form T7. The details are shown in table below:

b. The increase in expenses is mainly because Rs. 53.00 Crore payable to contractorsas an Unitary Charges / Incentive for timely completion of work. Rs. 30.40 Cr. ispayable to KEC International for 30.40 KM Bikaner-Sikar Transmission Line and Rs22.60 Cr. to Adani Transmission for Suratgarh-Bikaner Transmission Line. Thedetails are shown in table below and in FormT7:

Table 27: Other Expenses(Rs. Crore)

. . , FY16-17 FY17-18 FY18-1Particulars ' . .. RERC Order .: ; ~

. . dt. 27-10-16 Actual Approved Estimated ProJe~t?

Other Expenses, Misc.Expenses, Prior Period Debit and 10.00 8.30 14.48 27.75VAR charges, Extra-ordinary itemUnitary Charges 0.00 0.00 0.00 0.00

Total 10.00 8.30 14.48 27.75

20.0(

fr-. ~3_ 01'.73,,)\'

--'... -

Revenue from Short Term Open Access Consumers

3.25 The revenue receipt during FY 16-17 based on Annual Audited Accounts, estimates fo:FY 17-18 and projections for FY 18-19 from open access consumers by RVPN is shownin table below. The revenue has been assessed assuming allocated open accesscapacity for future year. The recovery of transmission charges from collective powerexchange transactions and Inter-State Short Term Open Access based on kWh energyis difficult to estimate accurately and included in total revenue from open accessconsumers.

Table 28: Revenue from Short Term Open Access Consumers

Revenuefrom Short Term OpenAccess Consumers, Misc. Receiptsand Interstate Line Users

131.79 158.39 300.00 300.00 300.00

Section - 3


Non-Tariff Income

3.26 The revenue from non-tariff sources on account of prior period income, differentia:interest subsidy on World Bank Loan, sale of scrap, Interest on loans and advances fromemployees, suppliers & Contractors, rebate for early payment etc. is shown in tablebelow:

Table 29: Non-tariff Income

150.00

Return on Equity

3.27 For FY 16-17 the RoE had been considered @ 12% as approved by Hon'bleCommission in the Tariff order dated 26.05.2017. Return on Equity for FY 17-18 hasbeen considered @ 2% and for FY 18-19 has also been considered @ 2% instead of15.50% as per Tariff Regulations, 2014.

Table 30: Return on Equity

The investment in transmission FY 18-19 is proposed to be financed by equity up to 20°/,approximately by the Govt. of Rajasthan and balance by the loan from Finance!Institutions, Bonds and Grants.

Revenue Requirement for Transmission

3.28 The projections for FY 18-19 along with corresponding actual figures for FY 16-17 ant:estimated for FY 17-18 are shown in Table below:

Section - 3


Table 31: Revenue Requirement for Transmission

1 1103.25 1097.89 1242·1

2 731.18 772.71 701.45 733 B()

3 854,32 918.08 823.14 873 l:;

4 54,74 57.46 52,10 60.19

5 0,00 0,00 0,00 o OU

6 Insurance Charges 0,29 0,55 0,55 o 5~)

7 A) Other items 8,30 14.48 27,75 2000

8) Unitary Charges 0.00 0,00 0,00 530C

8 Total Revenue Expenditure 2599.40 2866.53 2702.88 2983,4 :

9 Return on Equity 421,53 76,10 83,27 891 !

10 2,00 0,00 0,00 o ou

11 3022.93 2942.63 2786.16 3072. 5:~

12 Less: Non-Tariff Income 72,34 137,50 137,50 150.00

13 Less: Income from Open 208,77* 300,00 300,00 300.00 !

Access consumer

14 True-up of FY 16-17 (Deficit) (150.;;"2)

15 Aggregate Revenue 2741.82 2505.13 2348.66 2772,I'fuirement -

* Income from open access consumer includes Rs, 50,38 Crore received from the Inter StateTransmission Lines User Charges as against Rs. 37,98 crore approved by the RERC,

Aggregate Recovery of Expenses for FY 18-19

3,29 The gross aggregate revenue requirement for FY 18-19 works out to Rs. 3022.93 CroreThe Annual Transmission Charges after deducting non-tariff income & income fromOpen Access consumers and adding the truing up Deficit amount is Rs. 2772.74 CroreTherefore, propose to recover the following transmission charges on Rs/kW/Month basisas per Table below:


Table 32: Transmission Charges and Tariff for FY 18-19

P . I FY 18-19 ;articu ars p . t d 1rOJece •Revenue Requirement for Transmission Tariff (Rs. Crore) 2,772.74Less: Revenue from Inter State Transmission Lines (Rs. 50.00Crore)Net Revenue Requirement for Transmission Tariff (Rs. Crore) 2722.74

MW allocation for Discoms 11,146.00

MW allocation for Long Term Open Access 551.00

Total Transmission by RVPN, MW 11,697.00

Transmission Tariff (Rs. I kW/Month) 193.98

Transmission Charges to be recovered from Discoms (Rs. Crore) 2594.48--

Revenue Recovery from Long Term Open Access (Rs. Crore) 128.26-+--

_i

I

-j

_j

3.30 The Transmission charges to be recovered @ Rs. 193.98 per KW per month fromDiscorns and LTOA consumers

Recovery of Transmission Charges from Discoms and OA Consumers

3.31 The Government of Rajasthan vide notification dated 18.06.2014 has made allocation ofpower from different generators of State / Central/Private Sectors along with anyallocation from the un-allocated quota as determined by the Government of India to:'Rajasthan shares in interstate projects, and purchase of power from bilateral /enerqyexchange, wind generators and biomass etc. in the following ratio:

Jaipur Discom: 40%

Ajmer Discom: 28%

Jodhpur Discom: 32%

3.32 The Hon'ble Commission has so far been specifying transmission charges for Discernsin terms of Rs/kW/Month based on contracted capacity. Further as per Commission'sorders for any variation in the contracted capacity, the transmission charges were to lx'levied on the actual contracted capacity put to use by concerned Discom. Suchstipulation in ARR Orders by the Hon'ble Commission results into under recovery or overrecovery due to variation in capacity contracted of Approved Annual RevenueRequirement for such year by the Hon'ble Commission. Regulation 66 of the RERCTariff Regulation, 2014 provides recovery of Transmission Charges based on NetworkUsage Charges - A fixed charges based on capacity contracted or allotted. Stipulating of

provision for recovery of transmission charges based on the contracted capacity actuallyput to use by concerned Discom for such year is resulting into under/ over recovery fromApproved Revenue Requirement allowed in ARR Order. To obviate the situation of

\~-S-e-ct-io-n----3----------------------------{L----_----~~~~~~~~-----P-a-ge--I-4S,,--).,.,-'~~e~ ~i\~\

~O\~~t"I~",:,}~·".~\e ,~:-:-,.<\e~ ." \1..

CO~\! v-


under/ over recovery of ARR, the Petitioner is proposing the Transmission Charges fromDiscoms based on fixed monthly charges as provided in Regulation 66(1 )(a) worked outon the basis of % allocation as given in table below. The recovery of transmissioncharges from Open Access Consumers shall however continue based on the actualcapacity in Rs/kW/Month or Paisa/kWh as the case may be subject to truing-up basedon Audited Accounts.

Table 33: Monthly Transmission Charges

R f: Annual Monthly ;ecovery 0, " O~ • • • i

T.. ' > 10 MW Transmission Transmisslol1

ransmtasron > , All . All' Ch Ch"Ch ocatlon ocation arges arges :arges (Rs. Crore) (Rs. Crore) i

Jaipur Discom 40% 4,458.40 1037.79 86.4----

Ajmer Discom 28% 3,120.88 726.46 60,5

Jodhpur Discom 32% 3,566.72 830.23 69,1-

Total Transmission 100% 11,146.00 2594.48 216.2Charges for Discoms ,,-

Recovery from Open 551.00 128.26 10.6Access Consumers -Annual Transmission 11,697.00 2722.74 226.9

Charges

8

4

9

1

9

0'

Transmission Charges Short Term Open Access and Power Exchange Transactio! ~

3.33 The transmission charges for collective transactions through Power Exchange areproposed on paisa/kWh basis. The Commission in its ARR order dated 10-01-2013 forFY 13 specified that the transmission charges for short term open access involving interState system shall be also on paisa/kWh basis. The Petitioner accordingly proposing thetransmission tariff for inter-State Short Term Open Access Consumers and powerexchange transmission tariff in terms of paisa/kWh.

3.34 The transmission tariff for collective transactions through Power Exchange and inter"state short term open access based on 84227.40 MU for FY 18-19 works out to be 32.33paisa/kWh.

Section - 3 Page I so

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Transrrussion

Table 34: Transmission Tariff for Power Exchange & Short Term Open Access for FY 18-'1S

Expected Energy Transmission FY 18-19

Jaipur Discom, MU 32186.96

Ajmer Discom, MU 22530.87

Jodhpur Discom, MU 25749.57-

Total Discoms, MU 80467.40

Energy Flow due to Open Access, MU 3760.00

Energy Transmission Expected, MU 84227.40Annual Transmission Charges for Discoms and Open 2722.74Access (Rs. Crore)

Transmission Tariff for Power Exchange and 32.33Short Term Open Access (paisa IkWh)

Prayer of Transmission

RVPN humbly requests the Honorable Commission to:

• Approve revenue requirements for FY 2018-19 based on the information furnished itithe petition and attached formats;

• Approve firm recovery of fixed monthly transmission from Discoms on the basis of ~!allocation and for Open Access Consumers on the basis of actual capacity in Rs/k\\l!Month and Paisa/kWh as the case may be;

• Approve the tariff for recovery of transmission charges for collective PowerExchange Transactions and charges for inter-State short term open access customeon per kWh basis for FY 2018-19;

• Allow to furnish additional data and information and / or to modify the informationsubmitted;

• And pass such other and further orders as are deemed fit and proper in the facts anucircumstances of the case;

Section - 3 Page I i) .

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - SLOe

Section - 4

SLOC Aggregate Revenue Requirement

&

Recovery of SLOC Charges for FY 18-19

,~",,~ " '6.----------------___..,;;,...__---~-:-"'::'":' ..Page I 5:'Section -4 c~~",,,·

..... 1 - ,

RajasthanRajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - SLDe

ARRand Tariff for SLDe

4.1 RVPN is operating the State Load Dispatch Centre of Rajasthan and require to recoverthe expenditure incurred in the operation of SLDC from Users of Intra-StateTransmission system. The SLOC charges are recoverable from Distribution Licensees.Open Access Consumers and other users connected to and utilizing intra-Statetransmission system of RVPN. This part of the petition consists of ARR for FY 18-19 forSLDC function.

SLDC Investment & Financing plan

4.2 The investments in SLDC are assumed to be financed by equity and loans as follows:

Table 35: Investment & Financing plan

(Rs. Crore)

Particulars FY 18-19(Petitioned)

A. Investment 15.00

B. Source

Debt 13.00

Equity 2.00

o & M Expenses

4.3 The actual O&M expenses for FY 16-17, estimated for FY 17-18 and projections fOI

ensuing year FY 18-19 are shown in the table below:

Table 36: SLOC O&M Expenses

Depreciation Charges

4.4 The depreciation charge has been computed based on the depreciation rates a'1Cmethodology specified in RERC Tariff Regulations, 2014.

4.5 The actual figures for FY 16-17, estimated figures for FY 17-18 and projection for FY 18-19 are presented in the table below:

Section -4 Page I !j~;

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

RajasthanRajya Vidyut Prasaran Nigam Limited ARR FY2018-19 - SLDe

Table 37: Depreciation Charges

Interest Charges

4.6 The details of SLDC actual audited Interest charges for FY 16-17, estimated figures forFY 17-18 and projected for FY 18-19 are presented in the table below:

Table 38: Details of Interest and Finance Charges for SLDC

j FY 16-17 FY 17-18 FY 18..19 ~I'Particulars 'RERC dr~er' , ..' l, ~, 1 ~

dt 27-10-2016 Actual Approved Estimated ProJect,dl f~

(Rs. Crore)

Interest Charges 3.66 0.90 1,02 0.71

Interest on 0.43* 0.64* 0.76 0.77Working Capital

2,68

0.60

*As per Tariff Regulation 2014

SLOC Operation Expenses (Fee ('S.. Charges)

4.7 RVPN is paying charges to NRLDC on account of the operation and recovery ofannualized fixed charges for the Unified Load Dispatch Centre (ULDC) scheme, Tileactual SLDC operation expenses for FY 16-17, estimated for FY 17-18 and projection.for ensuing year FY 18-19 are shown in the table below:

Table 39: SLDCOperation Expenses (Fee& Charges)(Rs. Crore,

,,1, .[.;;; ;', " FY 16-17 . FY 17-18 ' FY 18"'1~ '1Particulars RERC"Order .. 1.

, ' dt 26-5-2017 Actual Approved Estimated proJeG~eri,

Operational ExpensesRLDC & NRLDC Fee &Charges

18.14 10,08 19.05 19.05 20.00

Return on Equity

4.8 For FY 16-17 the ROE had been considered @ 12% as approved by Hon'bleCommission in the Tariff order dated 27.10.2016. Return on Equity for FY 17-18 hasbeen considered @ 2% and for FY 18-19 has also been considered @ 2% instead of

15.50%as per Tariff Regulations, 2014


RajasthanRajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - SLDe

Table 40: Return on Equity

The investment in SLDC for FY 18-19 is proposed to be financed by equity @ 10%-20%provided by Govt. of Rajasthan.

SLOC Revenue Requirement

4.9 The revenue requirement for SLDC Operation by RVPN for FY 18-19 has beenprojected in table below:

Table 41: Revenue Requirement for SLOe

1 Expenses

Operating Expenses

i) Employee expenses 11.07 10.40 11.84 "1 L <)Administrative and General

--jI

ii) 1.19 1.21 0.84 t: 39 !

iii) 0.03 0.16 0.02 r > "-''1 i\"..- -~i"::'

nsesiv) Depreciation 0.75 1.77 1.32 7 -17

v) Interest and Financial Charges 0.90 1.02 0.71 2 ,3b ,

vi) Interest on Working Capital* 0.64 0.76 0.77 r-. r·r'"\v'.)\)

vii) SLDC Operational expenses 10.08 19.05 19.05 2000 :- -- -:

viii) Return of Equity 0.13 0.04 0.04 ::_:os2 Total Revenue Expenditure 24.78 34.41 34.59 38 /4

3 Less: Non-Tariff income 1.99 1.71 1.80 1 39

4 Less: Income from Open Access 0.00 0.21 0.21 r --·1,-,I •• :

5 True-up of FY16-17 (Surplus) ;21 4U

6 Aggregate Revenue 22.80 32.49 32.58 H: ')/_~rement

* As per Tariff Regulation 2014

________________________ ~~i',;.;... ..

I·\~l~' • Page I !_)5Section - 4!-.'

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - SLDe

Recovery of SLDG Expenses

4.10 The SLOC expenses to be recovered from Oiscoms and open access consumersconnected to intra-State Transmission System of RVPN towards system operation andscheduling charges as per RERC (Terms & Conditions of Tariff) Regulations, 2014. TheSLOC Charges as per orders / directions of the Commission are recovered as fixedmonthly charge and the same has been shown in the table below:

Table 43: SLOC Charges for FY 18-19

(Rs. Crore)

Particulars FY 18-19(Projected)

SLOC Expenses (Rs. Crore / Year) 15.24

Annual SLOC Charges to be recovered (Rs. Crore/year) 15.24

SLOC Charges per month (Rs. Crore/month) 1.27

Power Transmission, MW 11697.00

SLOC Charges per month (Rs.lkW/month) 1.09

The SLOe charges to be recovered @ Rs. 1.09 per KW per month from Discomsand LTOA consumers.

Prayer of SLDe

RVPN humbly requests the Honorable Commission to:

Approve the revenue requirement for SLOC function by RVPN for FY 2018-19.

Approve SLOC Charges for FY 2018-19 and recovery of same from Oiscoms andother long-term users and Open Access Consumers on monthly basis;

• Allow to furnish additional data and information and / or to modify the informationsubmitted; and

Pass such other and further orders as are deemed fit and proper in the facts andcircumstances of the case.

.", '..",.Section -4 Page I 56

'_,'("'.

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Compliance Report

Section - 5

Compliance Report on the directions of theHon'ble Commission in its Order dated

zs" May, 2017.

Section - 5 PagelS,


Status of Compliance to Directions Issued by the Commission in Tariff OrdeDated 26.05.2017

Review and Comments on RREC order dated 26.05.17on petition 1079/17 for ARR anddetermination of Tariff for FY 17-18

s. Order ref.No. no.1 Para. 3.8

Page 32

2 Para 3.20Page 35

RERC Observations in TariffOrder of 2016RVPN is required to deposit Rs.381.90 Crare in Pension and LeaveEncashment Trust in FY 201 6-1 7and to intimate the Commission

Further Action Taken by RVPN

Payment could not be made as Dsicornshave not provided fund, and thus deferredto Trust Fund.

The Matter has been taken up and effortsare being made to provide the relevantinformation in SAP at the earliest.

The Commission has asked RVPNto provide category wise assets,rates and their respectivedepreciation amount segregatedinto less than 12 years old, morethan 12-year old and remainingassets which have reached theaccumulated depreciation of 90%as per norms while filling the futurepetition.~--~~-------+~~~~~--~--~~~~~=-----~~~~~~----~-(iii) para no The RERC has directed in its to The amount of Rs. 384.07 crore has been

3.51 page refund the surplus amount of adjusted against amount receivable fromno. 44 RS..384.07 crore for transmission, Discom's in the Annual Accounts during the

as against a gap of Rs.. 69.80 crore FY 2016-17 being reduced from theclaimed by RVPN on account of revenue as transmission charges.truing up transmission and SLDCfunction, before next filinQof ARR.f---+-::--:----=--::c~~~2:::::~~~~~~~__+_=_--____:___;_;:::____::_;;__;:;_;:_--_;_-- ..--

(iv) para 3.66 The RERC has directed in its order The amount of Rs. 25.85 crore has beento refund the surplus amount of Rs. adjusted against amount receivable trom25.85 crore for SLDC as against a Discern's in the Annual Accounts during thegap of Rs. 7.68 crore) claimed by FY 2016-17 being reduced from theRVPN on account of truing up revenue as transmission chargesSLDC function, before next filing ofARR.

(vii) ofannexure-A(para no.3.8)

As per para no. 3.8 of RERC orderdated 27.10.16 RVPN is required todeposit Rs. 381.90 crore in pensionand leave encashment Trust in FY2016-17 and intimate to theCommission.

Accordingly RVPN has submittedthat it amount deposit in FY 2016-17 of Rs. 172.00 crore and balanceamount to be deposit is subject toavailability of fund

Payment could not be made as the Dsicornshave not provided fund, and thus deferredto Trust Fund.

------------------------------------------~----------~--~-Page ISBSection - 5

RAJASTHAN RAJYA VIOYUT PRASARAN NIGAM LIMITEDCorporate Identity Number(CIN)l40109Rj2000SGC016485

Regd.Office:Vidyut Bhawan,Jyoti Nagar,Jaipur-30200SOFFICE OF THE CHIEF ENGINEER (LO)

New Prasaran Building, Heerapura, Jaipur-302024.Telefax: 0141-2251601 E-Mail: ce.ld@rvpn. co.in

No.RVPN/CE(LD)/Fj5 (;, /D. S9<6The Chairman & Managing Director,RVPNL,Jaipur

The Chairman Discoms,Vidyut Bhawan, Jaipur

The Chairman & Managing Director,RVUNL,Jaipur

The Managing Director,JVVNL ,Jaipur

The Managing Director,~NL, Ajmer

The rvlanaging Director,Jd.VVl'!L, Jodhpur

Sub :- Minutes of the 18th Meeting of Energy Assessment Committee(EAC) held on 06.10.2017.

Kindiy find encloseo herewith a copy of the Minutes of the 18th rvleeting of EnergyAssessment Committee (EAC) held on 06.10.2017 for favour of kind information andneedful.

Enel : As above ffSk_:~~.(R.P.Sharma)

tIJember Secretary (EA.C) &Chief Engineer (LD)

£8.Py submitted I forwaraed to the following for information and necessary action :_

1. The "'1anaging Director, RUVN, Jaipur.2. The CEO, RUVN, Jaipur.3. The Director (Opr.), RVPNL, Jaipur.4. The Director (Tech.),RVPNL, Jaipur.5. The Chief Engineer (PP&D / NPP&RA), RVPN, Jaipur.6. The Chief Engineer (RUVNL), Jaipur.7. The Superintending Engineer (SO&LD), RVPNL, Heerapura, Jaipur

Encl:-As above (By E-Mail).

------.----- ...

i'Wlil1utes of the 18th meeting of Energy Assessment Committee held on 6.10.2017.

] 8Lh meeting of EAC was held in the Board room, Vidyut Bhawan, Jaipur.F'ollo~g were present:

L-')_.3.

4.

5.

6.

7.

Sh. Sanjay Malhotra

Sh. Shreemat Pandey

Sh. N. K. Kothari

Sh. R. G. Gupta

Ms. Arti Dogra

Sh. R. K. Srivastava

Sh. R. P. Sharma

CMD, RVPN Chairman

Chairman Discoms Member

CMD, RVUN Member

MD, JVVNL Member

MD, JDVVNL (Through VC) Member

MD & CEO, RUVNL Special inviteeC.E.(LD) Member'Seer-etarye ",~h. K. P. Verma, Director(Technical), AVVNL was nominated by MD, AVVNL

to attend the EAC meeting through Video Conferencing.

After deliberations, the committee finalized the' following assumptions for the

purpose of calculation of dernand and availability:-r -.. . .- __ -- - _.- -.- _ 1'- -.-_. _

I S.No.: Parameter I1---.----.r-- ..- ----.--.- -..-.-.--_ ---.- - - - 11..•. _......... _

I 1 - IRTC demand in the year 2015- J 6 8000 MWL_-+ i

I ? - ! Growth in demand CAGR of 6.32% in the last 5 years i

Ii! (i.e. w.r.t. to 201 1-12) for considering i

~ ~I : in 13th plan projections :C/ 13 -··~c_~-!PI3l~~-·-A-~~iJ~biJi·~;---·-F~~c~~~_--~t,iA~ pel~normativ~~~·l~~~··~;\~iI~b~ity~~~j

i i existing (State & Central sector) i Target availability in respective ii Iplants regulations, i1 I I

i4 Plant ~Ava;~bilit; Fa~~or for new I Ab\~tPI'eerR~a.'RI:~C·~-;-a-vailabilitYC;~Si-d~·;~-d.I'State sector plants by RVUN I C

~ I

IPian~ Avai labili ty Factor for n~~:i As per PlatH availabi Iity factor in' "-1I Central sector plants ! respective regulations. I

- __ ...J.... -... -..-..--.-_ .. _........-...-_._.._L. . ...__. . .,.. -------.-- 1

~ ~ ,'-- ~Wl.~~~':, ---

/L _/,;~0~ ~~~\ '\\L v Il--J /' ~\,~:\I ~o.\r \ ..rQ\\'~ ~ \:..",.,

. r,\'?'t' 'l\l ... 'c.,\§:/'~'?3' .

{

5.

Assumption----I

I!

! .-.-'"T'-~''''''''' ~__ _ _

6. I Plant Availability Factor for INonnative availability as per norms/~I private plants (existing- and I PPA _ _ -- -- I

__ fPCOming) under Case-I & II I I

7. IPlant Ava; Iabilily Factor for IAs pe, actual plant ava dabi Iity for FYl___________~~:oming & existing Solar plants t 2016-17. J

FU11her,Committee agreed with the proposal to exclude North Karanpura TPS ii-olll

availability and to the proposal for inclusion of Vishnugad Piplikot HEP and Singrauli

TPS stage-III. The following projects were decided to be considered as unsure capacity:! Name of Proje~-t-----------ri~;-t~il~d-jR;~arkS: I capacityNO'i I (MW)

l.J:urh~a TPS '--7-0----,--: -Pe-t--it-io-n-regardingterminationI I PPA is pending in RERC, work

I started.2 I B TPS t- 1320 !• I answara I Being reviewed

3~---ksw~ra TPS -- -1---1-3-2-0--,-,-B-e-in-,g-re~-"tie-'v:;~-d-----

~4. fr~~t~=!ii-HEP-. . -. -to . 1000 -I ~~3ti:W ~~;:;~~:d ~npp~~~aIEA;; I"

I I ! Dower at the tariff determined bv]_1 -1CERC is pending ~nRERC_, _I 1320 ! Work not started yet,I

6~---rhoIPur GTPPStag-~:·Ii ' 330 i Work not started yet:------

{. 17. Kot~-Gaspower project ·1- 330 IWork n~t started yet.

8__ IChhabra Gas po=e~~~~t 1 330~work not started yet.

I I .

s.

!iI

I----~----------~

n~:j

-------~S. '1Kalisind TPSUnit 3 & 4

,-------------i,I

I..------~

~With the above assumptions, committee finalized the expected capacity, net

availability at RVPN periphery (Existing & Sure projects as per Annexure 1) and demand

as follows:-

r ,-----------------,.- ..-......--....-..-......-.-..-..---,-'------ ......--...---- ---"---! s. I Date / Period Contracted Available Anticipated I AnticipatedNo. I Capacity in Capacity RTC Peak

I (MW) (MW) Demand

I. (MW)

r-}--..-+-0-1-.0-4-.2-0-17----· ...--------'-1-4-5_-.:;4--+--9-9-99-.-8~ -1----8-50-6-.1----+-----,------_....._"._._..,-_.._._--12. lOuring 2017-18 17750 12038 i 904.1 : IIOCl.?

~_ .. -iOUring 20 1:1~ '-_+' _-_-_2_0-~1--_)7_---+-- 133-0-6-t----- '-(;;)1-5-----'-+--1~6q7

i4. i.I.During 2019-20 II' 204::'.7 13359 i-----------+---------·-------~! 10222 124J7:

I '.....0°64. 13478 1 - -------11---------- ------~o : 10868 __ ~:::~-- 1

, 11555 I 14058 I

!

Demand I(MW~

10348 I~------------ ...-_.;

-_..._--+----_---i

5. During 2020-21-----+-- ,----,_..._-----+----\6. During 2021-22 21189 il'

~.------J .--_____ .----+---- 1------

7. \Capacity closer/ phasing 640 \! out

482

13536

__ --+ ._. -----1

18. \31.3.22(End of 131h plan)~___ __1 __

20549 13054 1 ] 555 14058_____ L__ __

As against above availability, the RTC demand at the end of the 131h plan isforecasted to be 11555 MW. The availability excludes 8617 M\V power of unSLH~,capacity addition (Annexure II) some of which may become avai lable.

Corrimittee also discussed the status of various power projects under center sector a rrdUltra Mega Power Projects whose construction has not yet started. Committee decid ed

• that. RUVNL should assess the probable date of commissioning of these projects, likc lytari .ff and the power requirement of the State and review/cancel PPAs for these proj eetsacc-ordingly. ----_ ....._------_.. -~-------

. ContractedNatl~ of Power S.l0" tion I . Capac~ty ! Status of Power Plant

__ _ (i\:1W_) _-+

Su bansiri Lower HEP PPA executed on 09.08.2012. Work of proj eci(2000 MW)NHPC I 93.0 is stalled since Dec.2011 due to agitation.

! Po\Ve':_.~IIocate~~~~~~ _dated.29.9.7._09__.~ert-~.~\

(~ - -: ~~~ ~~y-• ~- ~~O:,y~\,..\?:>., LII

. ~e~ '-l<:(. 'UoI,_s~<ye~~~~ ..

.~--.-- ..-..,- .

25.0 PPA ~'Xecutedon 06.03.2007. Constructiol) .yetnot startedKotlibhel

(4X80=320 MW)NHPC 25.0 .PPAexel!lltedon 06.03.2007. ConstruCtion yetstarted

Kotlibhe:J~'S~l$~"'U=530 MW) 35.0

executed on 27.JO.2010. Project is underto Hon'ble Supreme Cour: order

Devasri HEP (300 MW)SJVNL 0.0 j PPA executed on 21.11.2005, Under bidding

i process & capacity not allocatedP:ils:aldul HEP( I 000 MW)Nl1:PC' 0.0 PPA executed on 8.5.2003 Project transferred

to CVPP and revised PPA is to be signed.

PPA executed on 05.01.201). Project yet tobe

010. Project not being

.......~.~.y .... 009. Ail ciearancesioject yet to be

Giye - Munge( Mah.) 500.0 Bidding not initiated and site identification isendin

. Tadri ( Kamataka ) Bidding not initiated and site identification ispending

300.0

Orissa-l 250.0 i Bidding not initiated and site identification isnding

.:2'-'1 ~ tS"lI I/

eMD, RVPN0\'10, RVUN'

0_0.'6 ~ v-f_t' ...--

C.E.(LD), RVPNWJ

MD, JDVVNL

Annexure-I············-·-··~-------····I

II\I....................- - ~-.- - -- - J

....··~=-::------I"_------- ... ~

... ._--.'.- •.--'- ---..' - ~

-f.

"'''T

~.-.,-..~-...-.-.,.--- .. - ...•..-.--.-----"--.-.-.--.-~-----.--.-ix.Kahat Gaon TPSStage ~U(3xSOO I :

~'!.'-L_ . . j 73.0 7.3 J- ~~~~ !r;:.:~~~(~;~:;:;;~~~jIB;;iOOMWJ! ._~O_!_ ~~ __~~_ 63.2

I U:O.L 0.0 108.6.... ···.......,..·,··/f"""..,"'·(""';.';,',:.\I:...;..,;"I._:;::,..,~.•\.,, :,. ""' ...."II.J.;,'''''JNI~)..'.,

20.9 85% 17.8 0.7 EKisting..•.......... -.. _.1,

!

:ix.Unchahar100.0

23.0

85% 80.1 3." IJ

L -~.:::_ - ..-- .76.9

[Existing'J.,._-.-....-.-_ .....;Existing

85% 55.8 2.2 53.6 /ExistingL_ ..

. ~~~Lstin~

!EXisting

;'''--''-'''-'---''''-'i

_._--_!85% ' 53.7·1-......·-85% ! 9:(.3

...."_L _"-r"...•..•-- .....

!

2.1 51.5

-'j ....·~:~;;~:~~;1--·:u-x.···co·~·:(:::5-------~~~··- Inte~;~~:-~-:::~O_~'t '~~'Ir~-(~:-n-~~s,';-::~--f:-~~-t~-~'Of'P!~:tCapacity ~..

""'LB"'i;~;;;-m12,;" MW, _, __ 2SO~O_- - ---;~, 1<_:::~:" I 7: 1--::-1 0; 0:;,:N 'Xlst)n!

~I~~~=:,:,h,",,'''''~'¥ !~i~+~3:~I ,';;"=_ '5% I

ri:=::~::-=-----" ... '•.J' 325:0...-~=-~-3~::~[):'T'~-::~92~~:=J-_fii:NAPp--·--·-·--···-----· i I~ .! _ 44.0 4.4 j 39.6 .

liii~RAPP-UNIT5& 6 (2x2Z0MW) ~;.;"-:-J~-~---~~~::?9.0_-'~=_:'~TAl D_, ._.... _, ~?_~:? j__ __~_. __j ..411.1 J _r~i;~~:,~~~~--==-··---·--"-+--~~"E _~H~;_r~_I~O:~'f!'~i _ ::: i-----·--:~~91----··iii.Chamera-1 ------------t··- 105.8 1.1 - .1_ -. 104.8 - 90%' 1--- 94.3

fiv_u;i-'- ----------- .. --T t 42.6 70% ;;-.'8-- -I"L . ..__.___.. . _._-l __. 43.0 .+.. 0.4 ,. .. __ .

:v.Nathpa lhakrl _;.. 112.0 -i ' 1.1 1 110.9 90% +__ _99.8

r.:;j:y~~~j·~t~~=~~-~- 75.0 0.8 ----t- 74.3 77% j S7.2

ivii.Ohauli Ganga 27.0 0,3i~iiI.Ch~-;;:;;;;--=iI-----'-· 29,0 0,3

fi~.D';jh~~ti-, .. --.-------42-.~ 0.4

ix.SewaStage-II (3)(40MW) 1-! .._....-.- ..-.~~.------ ..---" ;,:xi.Koteshwar (4x100 MW)

NAME OF STATION

£,,4\'iIIV

,.......-.---- ..---~-.xii,Chamera-1I1 (3 x77 MW)

'.,

13.0

33.4

25_2_,··_4 __,··_···....·__ ··..·

! 27.4

56.7

31,8

85,7

73S,8

1080,0

1200,0

i

I,--I

I

I

0.1

0.3 I-r0.3 +0.3 I

0.6

0.3

0,9

7.4

2S.7

42.0 . _+12.9 !

........ ,.. .+. _-._- -_ .. __ ,.. _-(.

56.2

31.5

+i

84.9 ..__ 1-731.4

1200,0

26,7

33.1

25.0

27.1

......!

I

"

2:37,2 '...._-_.._·-----11235.6 I

......... .1..

87%

75% : 29.7j--~;~~~--,....72%

90% 24.1

2:8,3

90% ,'6.4

611.3

S5%

85%

1.2

0.0

1.2

0.20.53.8

1.2

4.0

2,3

1.0

• 90.5 iExi$tingl=_~~:6']E~i~~~gj' ....'?~':~_C_"_).~Xi~~ing..__~~.~J~~istin.l~23.1 Existi.:;:

1.1 27.2,:Existing I

3.1 73.3 IExisting

lExistin~I

24.5 . r" 586,9

0.0 1! 918,0

I!:Existing

0.0 1020.0 Existing

90% Z5.8 I 1.0 24.8 iExisting90% :17.8 i' 1.S T - 3-6:3-TE~isti!1f!85% .. r J.D.9 0,4 l--~ r~~i~~;~~----.......'1 --'-.___ , .. T-- -..--_.---

67% , 22.2 i 0.9 21.3 iExisting1---- I ..... --t-'--

:::,~-:~~j:~l-i~;t~~~~-90% I SO,S 2.0: 48.S ,Existi.,g

90% -j~

!,................... ~.. ,,"_ .• _._-_ - ----" - "1

- -- -- j...... _ _-_.__ ._ _ _ .._---_. ---

Bhakra Complex

./.

•

~_-T_PP_STAGE ~1~~66~~~~.20. .

/Meja TP (Meja Urja Nigam Pvt. ltd.lof NTPC)(1320 MW)t-.--.------· ···-····--··..···..·· ···.· ······ ..[Tapovan Vishnugad HEP(4)(130MW

i~~r:~i HEPSt;g~::j1i4X200..~BOO·-"'-1~.- ..-- jjUnchahar-IV(1)(500MW)NTPC iIsi~g;~;;ii~-HY~~~(2X4~~~_. ...__~..._. _.~.8!_. __ ~_~iVlshnugad Piplikot(444MW)THDC iL_. _ _ .__.. _ __ _..![Total (A+B+C+D)Projects likelyto be ,L~iSSI'?~".e<!_?~in~.~3th. pI3".__ _j

87.S7 8.8 7S.2"·-~·~~-·'~--··-i·-'··-·······--····

66 i 6.6 59.4..I.... •· .._1...._.__..._ ......._._.I 0.6 it-·-- - . jL _~~=...L._. 85.1

56 55.4

86

74.0S 4.3 6S.8

0.0 1.S

37.3 0.4 36.S

6635.S 302.7 6333.1

50% I 27.7 1.1: ··-·f-1 ._....j

50% 42.6 1.7

I• 50% .L .._.. _._1

50%

+--.._-_._....__..... ..,85%

85%

! .85% S9.4

i···· j50% 0.9+ ...._.,...,,--_ ....-r-r-

50% l.8.S

248.6 ••J:_=.~.:~._..I :~=~.•~•••·.··472.5! . 472.5----"-149.5 1

I

.2017-18........- -------- .. 1

i.-.---..--.----~..--.- - - -.-------1 ..

13.9

12018-19,60%work donei' - -.- -............ '-',iZ020·Z1.Expectedcommissioningby 31.1Z.2020.Power alocatted :j by MoP\,id_e_!~tt~_~il.!!:d8.~.14. . iI IIRequest fur signingof PPAis pending. E~pectedcommissioningin I0.6 , 13.3 II IfY 2017·1.8.Power alocatted by MoPVideletter dated 29.07.09 I

.----- - -)--. - ··120i8~i'9~-p_;oj~~tiS-~/~d-;~-i~ple;;:;e~t;;ti;;-;.·~Power alocattedby ".,1

-~ .- ::~.. . ~~;-. :~~-it~~:::i~;~~:!!~i;~~~:~~~~-r-a-I;~;tt;d-bV'M;;P-~id;--'.._/...... ..._L 'ett~I·.~~~~.q~:~O.::7E~~_.

,2018-19, Under implementation.Power alocatted byMoPvide Iiletter dated 25..03.2(i;'.:. !.....'''r'' .- - - -.-..-.--.--- ---- - -.-.---'1

40.9 iExpectedcornmtsstomng Dec.,2018 !,.1··,.. ..__.•• .-_~_._ ....• •__ .•.•_.......... . _•.•~_. ._••••_ ••••••••••_..••.•••-j

:2017-18,under implementation. Poweralocatted byMoPvide .!lett~r~j!!Q_Q~..:Q!"J?. ._ . ._._...._ ..

"

2.0 47.5

67.3

J so.s

26.6

.......·-··-·--'-·1_.__ 2.4..__ ~.: _ ~?o..

0.0 0.9-_._ ..- --_.__ ..,

0.7 ' 17.7 :2020-21, project is under implementation.Power alocatted by I. jMQf'YjQ~Je.tteLdi!ted2Ji,"2.20U .. ....__ ._ j

I. - .. - -.. _ __ __ . .1

~\~..~»>

2017·18................................. _ ..._ ..__._-_._--..,

--"-r3SS9.2 [

...... ;-

23.4 3535.8__ ... 1 _~""_"""

*

I."."-.."""W!._~'\

1.Auxiliary consumption considered as per regulation for Thermal, 3%for Gas & 1%for Hydro2. POCInjection Loss taken as 2%.poeWithdrawal loss as 2%3. Availabiliw factor for RAPPplants considered as considered in 10th EACmeeting4. Plant Availabilityfactor considered for existing plants (State & Central) is target availability as per respective regulation5. Plant Availabilttv Factor considered for SASAN(MP)&Mundra(Gujrat) UMPPand forthcoming UMPPas per Normative availability of 80%6. Plant Availability Factor considered for APRl (Kawai), RajWest Power ltd and Case-l (1000 MW)as per Normative availability of 85%8. Plant AvailabilityFactor considered for forthcoming state plants as per RERCregulation9. Plant AvailabilityFactor considered for Solar Power Plants is as per actual for FY16-1710. Plant Availability Factor considered for Biomass Power Plants as per actula plant avallabilitvfor fY2016·1711. Plant caoactiv of RAPP has been considered reduced by 100 MWon account closer of RAPPUltl12. Plant capactiy of KTPShas been considered reduced by 640 MWon account closer I phasing out of KTPSU#1,U#2,U#3&U#413. Plant availability factor for new central stations are considered as 85%for TPS& 50%for HEP

" ~.(/)

. '&

1I

I~

I

NAMEOFSTATIONInte~:~~~!:~:1~:ln-~-r~(~~~~~sr~-:fI~'fSt3tUSOfPt~:t'---.'- mm m ,~4~·,~-~-~1--lL.~- - MW. . I-~.~f>!:!-l _ _ _

,. ._..__ ._-_._._--- --_..__ ...,.. .

~1....--·47:~--=:!.--... T~'=~~j".O,;';;'~/d'"P~"P,~~:~,~~~~'~q:i~"~~~;I,

! 460 1 S !, 44 2 PPA 2eKecutedon 09.0S.2012.Workof project is stalled since. '.' jDec. 011 due to agitation. Power alocatted byMoP dated: -----+-- ·t-··--i~·!J,()7,()~·_·· . m. ._ •.••••• •• •....:._.

50% 12.4: 0.5 11_9 iPPAexecuted on 06.03.2007. Construction yet not started..,---- -+ t-----·---1····· ._-_ . -.- _ .._-_._._ _----_ -

:~~ .. 1 "4 ..! ;;'-.i-::: !::::::::::::: :;~;;::: ~:::: :~~::~;~ 1

IPPAexecuted 011 27.10.2010. Project is under hold due to Hon·ble·

I

f13THPLANADDITION(Un~ur~Capacity)

I~-,::----.-~-~---~=-~-~=-·-·:.=-.....:.:.~.....8answara Nuclear Power !}4pnt(.4X700MWI NPCIL .,r" "'~""""-"'.'~"-'-'.'.-----.~----, .... _-_._ ... -lSubanstrl Lower HEP (2000fMW)NHPC

'..' ''' ''..-~.''-----.---- ..-~-- ~ , ······.'·_"~..w._w ,,Central Sector:- --]---- ---- "--r -- -or

I_ _:o~~_--t----- 7~~~_ -iI !93.0

630.0 75%

0.9 92.1 50%;

~~;:,;,~:;:~~~ ':__~T~o, ~:. ~-rC ) 25.0 0.3, 24 ..B~'".Y_r-IH.~~_ _ - ..1-_______ .. j {IKotlibhel HEPStage-It (BX66.25 =530 /'/ II 35.0f!L~-L~'i~<: ---- -----t-------..Lata Tapovan HEP(171 MWINTPC I

19.0~..-- ......-..-..-_L -- -1.Devasrl HEP(300 MW)SJVNL Ii I QO~---.----".~..~--.~-.j-,."..,..-- ..-...,.....-". ....-..;---~-.-"""'---...".-.....-;jPakaldul HEP(1000MW) NHPC 0.01-...- .--- .--iBilhaur TPS( 2*660 MW) NTP(

1' .. ·_·_·_ ..· ... --.-. '--- ... "'--IGidderbaha TPS(4·660!MW=2640MWj NTPC

If

34.7

IJ

0_2 lS,B 50%

0 ..0

0_0

0.0 75% 0.0

75% .l 0.00_0 0.0

0..0

.. ,........_-_._-_._I; 0.01-!

75.975.9

75.9

250

-----:

9.0;Supreme Court order 07.05.2014 i

.. :.- .. -- -- -.- ----,--."" " " - __ _ __ ,,_ , JiPPAexecuted on Zl.1l.2005. Under bidding precess & capacity I

_jl1()t<lII()~<l~~.. _.._....." ....,__..._......_,_....... . ....jPPAexecuted on S.5.~1J03Project transferred to CVPPand ,i revised PF-Ais to be signedI" "-- ..-- - -.- ..-.- -.----- ..-- -- - --.-----,

.PPAexecuted on 05.01.2011. Project vet to be awarded :._._-_. __...._ .._.....- ........_ ......__ .._- . j;PPAexew~~ ~n~~:,1L.~~=~:~rojectnot bein~~~~~~~~ .. rPPAexecuted on 2S.10.2009. Allclearances 31".e yet to be:available..Project yet teo be awarded1··..·---·.. . --._-.--.---........... . - ----- - .ILand acquisition under process &PPAis being reviewed bV.l()i~~om_ _ _ . _ _ _.. _lt.and accuisition under process& PPAis being reviewed bV

0.0

0_0

0.0

0_0

165_9

165.9 'Discom

95.6

201617 , Constructionyet not started . PPAtermination noiceserved GTPCl

W()rk yet not started

\V?~k.yet",C?! start~i._.. _ .., •.:~(I,r.~,'yC(no/ )/a(reO

.. _ ... ,._-....._" .... _, .. /._V"_t'r_!:_yet nor starte9

Slng!e bid received ,lf1d RERCnot allowed referred to...G.....o.....R.....__....,

t

, , "i 1 I

r---.-------.

C~:~:~:~d Aux.COnl~:~~I:'Net In:~:~~:~:~~;Oin_tI T~~n~~~s]~:&~-/s:tus ofPlan~-- -- ....-r-- ...-.~.

. Capacity! % I MW ~ _@ RVP~ . _

8edabahal (Orissa, .----,.:-" --4-00'-,0---r 40,0UMPP 360.0 i 80% 288.0 l;:~--;~·.~···""r;;~·~·;~~~~~·~~~inat~d-byMoP ..__ ....._,

'G'Y~"~"M-~~g~~~7~~~'~-'--~_~_~-----;-- ~o _-C~i_-~:~_~-j ""_--;,-;;,,_.345.' ~'dd'.'.~".';'-~~;;:~'~M"fl""••,,,••dm, 4JTad" f .... ".JI 300.0 30.0 270.0 ". 216:~_L __8:6~ 207.' __. 81"':,_,,",- ,.,,,,red and ,'" IdentlflcatlonlsP'.__""'__ ~ortssa-r 250.0 25.0 225.0 80% 180.0 I 7.2 172.8 Biddingnot initiatedand site identificationispending--.---- -- ..-.-.,_... .----.------t---.- --- _Tilaya(Jharkhand) 250.0 25.0 225.0 80% 180.0 I 7.2 172.8I-------·-------:--------+--- -f c_ --.._- ...._ .._ .._....._.. r _ _ _ _

Total of Un-SureProjects likelyto be /. 8016.9 6373.5 .:'.: 6314.7commisslonnedduring 13th plan 8617.0 600.1 20.2 58.8

(MW) _ _ __.__ .. ..

NAME OF STATION

•

\.

"


Annexure - B

CAPACITY HANDLED BY RVPN TRANSMISSIONSYSTEM (FY 16-17)

.-Installed Unallo Aux. Firm Temp Outside Total No. of

.No. Particulars Capacity cated Cons. Allocation Allocation State Capacity Monthsl

-. Quota Loss Year(MW) (MW) (%) (o/~) (%) (%) (MW) (~--

A NTPC/NLC-1 Singhrouli TPS 2000 300 8.25% 15% 0.93% 3.85% 281.01 12-2 Rihand STPS 1000 150 9.00% 9.50% 0.93% 3.85% 91.23 12-. ._.--

3 Unchahar TPS -I 420 20 9.74% 4.76% 0.29% 3.85% 18.42 12---4 Unchahar TPS -II 420 63 9.74% 9.05% 0.93% 3.85% 36.37 12- -5 AntaGTPS 419.33 63 3% 19.81% 0.93% 3.85% 81.11 12- -_.

6 Auria GTPS 663.36 99 3% 9.20% 0.92% 3.85% 62.63 12 --7 Dadri GTPS 829.76 129 3% 9.28% 0.96% 3.85% 79.25 12-

_.8 Rihand TPS Staoe-ll (Unit-t) 500 75 9% 10% 0.93% 3.85% 47.80 129 Rihand TPS Staqe-II (Unit-2) 500 75 9% 10% 0.93% 3.85% 47.80 12

~".--

10 Kahal qaon TPS stace-ll (U-1) 500 75 9% 4.86% 0.93% 3.85% 25.32 12-11 Kahal qaon TPS Staqe-II (U-2) 500 75 9% 4.86% 0.93% 3.85% 25.32 1212 Kahal qaon TPS Stage-II (U-3) 500 9% 4.86% 3.85%

f-------75 0.93% 25.32 12

13 Unchahar TPS stace-in 210 31 9% 10.95% 0.91% 3.85% 21.80 1214 E.R. (In lieu of Tala).•.

(i) Farakka TPS 1600 0 9% 0.69% 0.00% 3.85% 9.66 12(ii) Kahalqaon TPS -I 840 0 9% 3.04% 0.00% 3.85% 22.35 12

-- -

(iii) Kahalcaon TPS -II 1500 0 9% 2.24% 0.00% 3.85% 29.40 1215 Barslnqsar TPS (NLC) (Unit-t) 125 0 9% 100% 0.00% 0.00% 113.75 12---16 Barsingsar TPS (NLC) (Unit-2) 125 0 9% 100% 0.00% 0.00% 113.75 12- ----_ ..-

Rihand TPS Stage-III Unit-5 &17 6(2x500) 1000 75 9% 11.52% 0.46% 3.85% 104.89 12.-_.-.--

Entitlements of equivalentcapacity from NTPC Stations

18for bundling with Solar PV

309.67 0 0% 100.00% 0.00% 3.85% 297.75 12Power- ---.--TOTAL A 1237.17

-- _.B NHPC/NJPCITHDC1 Tanakpur HEP 94.2 0 0.50% 11.53% 0.00% 3.85% 10.39 12.-

2 Salal HEP 690 0 0.50% 2.95% 0.00% 3.85% 19.47 12-3 Chamera HEP -I 540 0 0.50% 19.60% 0.00% 3.85% 101.26 124 Chamera HEP -II 300 54 0.50% 9.67% 1.11% 3.85% 30.95 12-5 . Uri HEP 480 0 0.50% 8.96% 0.00% 3.85% 41.15 12-6 Dhauli Ganqa HEP 280 42 0.50% 9.65% 0.93% 3.85% 28.33 12

Naihoa Jakhri HEP (NJPC)-

7 1500 149 0.50% 7.47% 0.61% 3.85% 116.00 12- _.8 Dulhasti HEP 390 59 0.50% 10.88% 0.93% 3.85% 44.04 12---_9 Tehri HEP -I (THDC) 1000 99 0.50% 7.50% 0.61% 3.85% 77.61 12--iO Tala HEP 1020 15 0.50% 0.00% 0.02% 3.85% 0.21 1211 Sewa HEP Staoe-ll (3x40 MW) 120 18 0.50% 10.84% 0.93% 3.85% 13.51 __L-_12__

iI --_; (MW)

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RajasthanRajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Compliance Report

Koteshwar HEP (1x100 MW)12 (Unit-1) 100 9.9 0.50% 8.36% 0,61% 3,85% 8.58 12

13Koteshwar HEP (1x100 MW)

0.50%(Unit-2) 100 9,9 8.36% 0.61% 3.85% 8.58 12Koteshwar HEP (1x100

14 MW)(Unit-3) 100 9.9 0.50% 8.36% 0.61% 3.85% 8.58 12- Koteshwar HEP (1x100 MW)

0.50% 0.61% .15 (Unit-4) 100 9.9 8.36% 3.85% 8.58 12

16Chamera HEP -Stage-III (Unit-

11.55 0.50% 10.91% 0.93% 3.85%1) 77 8.72 12 !

Chamera HEP -Stage-III (Unit-0.50% :17 2) 77 11.55 10.91% 0.93% 3.85% 8.72 12

18 Chamera HEP -Staqe-III(Unit-3) 77 11.55 0.50% 10.91% 0.93% 3.85% 8.72 12-

Uri HEP Stage -II (Unit-11.41%19 1&2)(2x60 MW) 120 18 0.50% 0.93% 3.85% 14.16 12 -,

20 Uri HEP Stage -II (Unil-3 & 9 3.85%4)(2x60 MW) 120 0.50% 11.41% 0.46% 13.63 12-. -,

Parbati HEP Stage -III (Unit-t 103.85%

,

21 4)(4x130 MW) 520 78 0.50% 10.91% 0.93% 58.89 12- -I

Rampur HEP (Unit-1 to22 6)(6x68.67 MW) 412.02 37.66 0.50% 7.72% 0.56% 3.85% 32.66 12 ,

-

23Koldam (4x200 MW) (Hydro) 800 0 0.50% 10.75% 0.00% 3.85% 82.28 12

- UNIT-I,II&III _._____-I

TOTALB 745.00 I,C NPC i..

1 RAPP-I 100 0 10% 0% 0.00% 0.00% 90.00 02 RAPP-II 200 0 10% 100% 0.00% 0.00% 180.00 12-3 RAPP-III 220 16.5 10% 28.41% 0.56% 3.85% 55.15 12-4 RAPP-IV 220 16.5 10% 28.41% 0.56% 3.85% 55.15 125 RAPP-V 220 53.5 10% 19.94% 2.36% 3.85% 42.46 12 1

6 RAPP-VI 220 53.5 10% 19.94% 2.36% 3.85% 42.46 12 -7 NAPP- U-I 220 32 10% 10% 1.41% 3.85% 21.73 12-- -,8 NAPP-U-II 220 32 10% 10% 1.41% 3.85% 21.73 12- -I

TOTAL C 508.69.. --~.-~._ .

D RVUN ----.1 Kola STPS(110MWl 110 0 9.50% 100% 0.00% 0% 99.55 12 ,

-I

2 Kota STPS(110MW) 110 0 9.50% 100% 0.00% 0% 99.55 12.. 12---;3 Kota STPS(210MW) 210 0 9.50% 100% 0.00% 0% 190.05 -I4 Kola STPS(210MW) 210 0 9.50% 100% 0.00% 0% 190.05 12-

___ l

5 Kola STPS(210MW) 210 0 9.50% 100% 0.00% 0% 190.05 12Kota STPS(195MW)

-.6 195 0 9.50% 100% 0.00% 0% 176.48 12- -I

7 Suratqarh TPS (250 MW) 250 0 9.13% 100% 0.00% 0% 227.18 12 I- -.8 SuratQarh TPS (250 MW) 250 0 9.13% 100% 0.00% 0% 227.18 12 ,

-i9 SuratQarh TPS (250 MW) 250 0 9.13% 100% 0.00% 0% 227.18 12 I.. I

10 Suratqarh TPS (250 MW) 250 0 9.13% 100% 0.00% 0% 227.18 12-I

11 Suratoam TPS (250 MW) 250 0 9.13% 100% 0.00% 0% 227.18 12 i

12 Ramoarh GTPP Staqe-I,II&III 110.5 0 4.00% 100% 0.00% 0% 106.08 12 1

13 125 0 9.65%-.

Giral TPS Stage-I Unit-1 100% 0.00% 0% 112.94 12 I

14 Dholpur GTPP (Unit - 1) 110 0 3.18% 100% 0.00% 0% 106.50 12--I

..

15 Dholpur GTPP (Unit - 2) 110 0 3.18% 100% 0.00% 0% 106.50 1216 Dholpur GTPP- (Unit-3)

-.110 0 3.18% 100% 0.00% 0% 106.50 12- --I

17 Giral TPS Staqe-l Unit-2 125 0 9.65% 100% 0.00% 0% 112.94 12- - -.18 Suratgarh TPS, Unit-6 250 0 9.13% 100% 0.00% 0% 227.18 12 - _.

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Page 172Annexure

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19 KTPS Staqe-V, Unit-7 195 0 9.50% 100% 0.00% 0% 176.48 1220 Chhabra TPS (Unit-1) 250 0 9.50% 100% 0.00% 0% 226,25 1221 Chhabra TPS (Unit-21 250 0 9.50% 100% 0,00% 0% 226,25 1222 Mahi Hydel PH-I 50 0 0.70% 100% 0,00% 0% 49,65 12 _-_-

23 Mahi Hvdel PH-II 90 0 0.70% 100% 0,00% 0% 89,37 1224 MMH 23.85 0 0.70% 100% 0,00% 0% 23,68 12

Ramgarh Combined Cycle GasTPS 110 0 4.00% 100% 0.00% 0% 105,60 12

25 Stace-lv unit -1(1x110 MWl26 Chhabra TPS (Unit-3) 250 0 9.50% 100% 0,00% 0% 226,25 12

Ramgarh Combined Cycle GasTPS 50 0 4.00% 100% 0,00% 0% 48,00 12

27 Stage-IV unit-2 (1x50 MWl- --Kalisindh TPS (Unit-1) (1x600 600 0 9.50% 100% 0,00% 0% 543,00 1228 MW)

29 Chhabra TPS (Unit-4) 250 0 9.50% 100% 0,00% 0% 226,25 12_'_'-Kalisindh TPS (Unit-2) (1x600 600 0 9.50% 100% 0,00% 0% 543,00 1230 MW)

31 STPS, Unit-6 250 0 9.13% 100% 0,00% 0% 227,18 12TOTAL 0 5671.19

-E PARTNERSHIP PROJECTS-- ---1 BBMB-Bhakra 1516,3 0 2% 15,22% 0,00% 3,85% 217.46 122 BBMB-Dehar 990 0 2% 20% 0,00% 3,85% 186,57 12-- ._-

3 BBMB-Ponq 396 0 2% 58,50% 0,00% 3.85% 218,29 12----4 Chambal Complex 386 0 2% 50% 0.00% 0,00% 189,14 125 Satpura TPS 250 0 10% 0% 0,00% 3,85% 0,00 12

TOTAL E 811.45 __F NES Dower stations ---1 Wind Farms 3851,00 0 0% 100% 0,00% 0% 3851,00 12.__ ._---2 Biomass 97.00 0 0% 100% 0,00% 0% 97,00 12--

_ ... _.__._-

3 Solar 733,95 0 0% 100% 0.00% 0% 733.95 12-- -----_ .. _

4(Wind +Biomas+ solar) added

737.4 0%durina 2016-17 0 100% 0,00% 0% 737.40 6- .-

-- TOTAL F 5419.35G Private sector orolects-

Mis Raj West Power Ud.1 (1x135 MWl (U-1 1 135 0 9% 100% 0,00% 0% 122.85 12

Mis Raj West Power Ud._----

2 (1x135 MWl (U-2 1 135 0 9% 100% 0.00% 0% 122.85 12Mis Raj West Power Ud.

.-

3 (1x135 MWl (U-31 135 0 9% 100% 0.00% 0% 122,85 12-

Mis Raj West Power Ud.4 (1x135 MW) (U-4) 135 0 9% 100% 0.00% 0% 122,85 12

UMPP Mundra Unit-1 (1x760._.-

5 MWl 800 0 9% 9,5% 0,00% 3.85% 66,50 12Mis Raj West Power Ltd,

6 (1x135 MWl (U-5 1 135 0 9% 100% 0,00% 0% 122.85 12-

Mis Raj West Power ud.7 (1x135 MWl (U-61 135 0 9% 100% 0,00% 0% 122,85 12- ..-.-

Mis Raj West Power Ud.8 (1x135 MW) (U-7) 135 0 9% 100% 0,00% 0% 122,85 12-

Mis Raj West Power Ud,9 (1x135 MW) (U-81 135 ° 9% 100% 0,00% 0% 122.85 12

UMPP Mundra Unit-2 (1x760--

10 MWl 800 0 9% 9,5% 0,00% 3,85% 66.50 12 _.

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Annexure Page 173

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UMPP Mundra Unit-3 (1x7609% 9.5% 0.00% 3.85% 66.50 1211 MW) 800 0

UMPP Mundra Unit-4 (1x7600 9% 9.5% 0.00% 3.85% 66.50 1212 MW) 800

UMPP Mundra Unit-5 (1x7609.5% 3.85% 66.50 1213 MW) 800 0 9% 0.00%

MIs Adani Power Ltd.14 (Kawai)Unit-1 (1x660 MW) 660 0 0% 90.9% 0.00% 0.00% 599.94 12

Mis Adani Power Ltd.15 (Kawai)Unit-2 (1x660 MW) 660 0 0% 90.9% 0.00% 0.00% 599.94 12

UMPP Sasan Unit-3 (1x660660 9% 10% 3.85%16 MW) 0 0.00% 57.75 12

- --- -UMPP Sasan Unit-2 (1x660

9%17 MW) 660 0 10% 0.00% 3.85% 57.75 12UMPP Sasan Unit-4 (1x660

9% 10% 3.85%18 MW) 660 0 0.00% 57.75 12- -~.-

UMPP Sasan Unit-1 (1x6609% 3.85%19 MW) 660 0 10% 0.00% 57.75 12.----

UMPP Sasan Unit-5 (1x66020 MW) 660 0 9% 10% 0.00% 3.85% 57.75 12 --

UMPP Sasan Unit-6 (1x66021 MW) 660 0 9% 10% 0.00% 3.85% 57.75 12

Karcham Wanatoo(1000MW)-

22 1000 0 0.50% 10.4% 0.00% 3.85% 99.50 12-23 Case-I 500 0 9.00% 100% 0.00% 0.00% 455.00 12- __ .--_"_24 Gurha TPS(70MW) 0 0 9.00% 100% 0.00% 0.00% 0.00 12--

TOTALG 3416.15- ---

-- OTHERSH RFF 25 0 0% 100% 0.00% 0% 25.00 12

PurchaseI (Biiateral+Exchanae) 0.00- ---------

GROSS TOTALJ (A+B+C+O+E+F+G+H+1l 17833.99- --_._-,--K Less- ---_--1 Common pool 37.96 0 0% 100% 0.00% 0% 37.962

--- --- __ .,_.,_

MPSEB 177.53 0 0% 100% 0.00% 0% 177.53 I- _._----_._

TOTAL L 215.49 ----

-- Net Transmission Capacity =Total (J). (K) 17618.50 -. --.-.--

~ote:-1

---The Capacity of Ramgarh Gas U-1 (3 MW) are not considered due to permanent outage.

2 Here transmission losses for FY 2016-17 (out side the State) is considered as 3.85% (provisional) T---:-~---3 RAPP Unit #1 is under shut down for long time and hence its capacity. is taken as zero

- --

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Annexure Page I 7;1,

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Annexure- C

Achievements in respect ofEHV Works carried out during FY 18 (up to 30th November, 2017)

Sr.NO. PARTICULARS TYPE OF CIRCUITCIRCUIT LENGTH(CkM) C

U 400 KV LINES -1 400 kV Bhadla -Bikaner line D/C 379.826

TOTAL 379.826II) 220 KV LINES

Up-gradation of existing 132 KV SIC line to 220 KV D/C lines between 2201 KV IndiraGandhi Nagar to 220 KV Sitapura on 220kV D/C Narrow Base D/C 8418

Towers (Ckt-I)2 220 KV Kalisindh-Bhawanimandi Line SIC &D/C 33.752

3 220KV Nimbhahera- Pratapgarh section of 220KV D/C Chittorgarh (400KV SIC 80.97GSS)- Pratapgarh line via one circuit through 220KV GSS NimbhaheraTOTAL 123.140

III) 132 KVLlNES1 LlLO of 132 kV SIC Bhawanimandi DUQ line at 220 kV GSS Bhawanimandi D/C 1.392

2 LlLO of 132 kV SIC Bhawanimandi- Hemda line at 220 kV GSS D/C 0,99Bhawanimandi -

3 LlLO from existing 132 KV Kota-Sawai Madhopur line circuit-I to 132 KV D/C 7.898GSS Keshorai Patan1200 Sq mm 132 KV single core XLPE Cable for establishing of approx. 2.2

4 Km 132 KV D/C from LlLO point of Vaishali-VKIA line to 132 KV GIS new D/C 4.38Jhotwara

5 LlLO of 132kV Dholpur - Rajakhera line at 132 kV GSS Marena D/C 13.212132KV SIC Nimbahera- Bijaypur Line

6 [SIC portion - 12.66 kM + one ckt of D/C portion - 26.5 kM + one ckt of D/C SIC 47.84portion Nimbhera-Neemach modification section - 8,68 kMTotal= 12,66+8,68+26,5= 47.84 Kms 1

7 LlLO of exsisting 132 kV Bigod-Bijoliya line at 220 kV GSS Mandalgarh D/C 0.5132 KV Jethana (220KV GSS) - Saradhana line

-8 SIC 15,8619 LlLO of 132 KV Nasirabad- Beawer line at 220 KV GSS Jethana D/C 10,98210 LlLO of 132 KV SIC Debari-Sukher line at 220 KV GSS Amberi D/C 2,93211 LlLO of 132 KV SIC Sukher- Sisarama line at 220 KV GSS Amberi D/C 2.968 -12 LlLO of existing 132KV SIC Mandalgarh-Begun line at 220 KV GSS D/C 0.760Mandalgarh

13 LlLO of 132 kV Hamirgarh(220 kV GSS) - MIs Nitin Spinners at 132 kV D/C 7.974GSS RIICO Growth Center Hamirgarh14 132 kV line from 132 kV GSS PS2 to 220 kV GSS Kanasar line D/C 23.156 -

TOTAL 140,845 -IV) MISCELLANEOUS WORK -

Shiftingl Re-alignment work of 400 KV D/C Quad Moose Kalisindh-Anta line

1 involving Construction of Approx. 4 KM line from Loc. No, 50 to 56 and D/C 5,65dismantling of approx. 2.33KM line near Kolana Air Strip, Jhalawar (UnderDeposit Work)220KV Bhawad-Baithwasia line ( Ckt-II ) • [ This scheme was commissioned

2 during FY 2016-17, hence the achievements to be incorporated in the FY D/C 33.0482016-17] -

.\

Annexure Page 175

DATE OFOMMISSIONI~.

1501)2017

~)10C2017

11 0(.201 T

16 Ob.2011

29 J1l2011

;'9 :X.2017

'2 1C.201 /

28 1G 2017

05 09 2011

2904.2017

30.%201-:'~'5Ob 2(l-j~;.- - - _. - _"-"-28 OC 20170408.2017(J50b2017

19 ·')8 2Cl17

10.11.2017

,8072017

113 I), 2017


Sr.NO. CAPACITY VOLTAGE DATE OF(MVA) RATIO(kV) COMM.

NAME OF SUB·STATION(A) NEW SUB STATIONS(i) 400KV1 Bhadla 500 400/220/33 22.07.2017

Sub TOTAL 500 MVA

(ii) 220KV1 Pratapgarh 160 220/132 16.06.2017

Sub TOTAL 160 MVA

(iii) 132 KV1 Bijaypur 20/25 132/33 30.04.2017

2 Keshoraipatan 20/25 132/33 12.10.2017

3 New Jhotwara 2*40/50 132133 28.10.2017

4 RIICO Growth Center Hamirgarh 20/25 132/33 10.11.2017

Sub TOTAL 175 MVA

(B)400/220 kV T/f (Add!. as per plan) at 400 kV GSS Commissioned during current financial

year1 Bhadla 500 400/220 18.08.20172 Bhadla 500 400/220 06.09.2017

Sub Total 1000 MVA132/33 kV Tlf (Add!. as per plan) at 220 kV & 132kV GSS Commissioned Lastyear/earlier

1 220 KV GSS Bhawanimandi 20/25 132/33 01.07.20172 220 kV GSS Jhalamand 40/50 132/33 30.09.2017

Sub Total 75MVA

(C) AUGMENTATIONS(i) 400 KVGSS 0(ii) 220 KVGSS 220(iii) 132 kV GSS 367.50

Total 582.50(D) REPLACEMENT/RE·COMMISSION OF TRANSFORMER1 220 kV GSS Kukas +20/25 132/33 01.09.2017

·16/20 132/33TOTAL(B) 5.00 MVA

TOTAL AUGUMENTATION 587.50 MVA(A+B)

Total Transformation Capacity 2494.50 MVA ,.;0 f1.,~\,\

Annexure Page 176


Annexure -D

Statement Showing Base Rate of State Bank of India

(Historical Data)

SSI MOLRRates, SBI Base Rate - Dec 2017

S51 MClR Rate - Trend

Current MClR of SBI ranges from 7.70% to 8.10% depending on the reset frequency of the loan.Rates are revised every month.

S51 MCLR, Base Rate Tenure

7.70% Overnight

7.80% 1Month

7.85% 3 Month

7.90% 6Month

7.95% 1Year

8.05% 2 Year

8.10% 3 Year

8.95% Base rate

rr).'>,:.";,

Annexure Page I T/

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - Compliance Repon

Annexure -E

List of Long TermOpenAccess Users

1. Solar Energy Corporation Limited2. Dahanu Solar Power Pvt. Limited3. NTPCVidyut Vyapar Nigam Limited

4. Suncity Sheets Private Limited.

5. Suncity Strips & Tubes Private Limited

6. Associated Soap Stone Distributing Co. Pvt. Ltd.

Annexure Page 178

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19 - ComplianceReport

Annexure -F

Form T-12

Deviation Analysis

Name of Licensee: RVPN Transmission Segment

Period: FY 17 - Truing-Up

(Rs. Crores)

S. RERC Order Actual To be Deficit (-) I ControllableParticulars dated 27-10- Accounts considered as I Non- Reasons for deviationsNo. 2016 FY 17 per Regulations Surplus (+) Controllable

Decreasein actual expenses.1 Operation & Maintenance Expenses 941.46 409.41 950.57 (9.11) Controllable However,considered

normativeas per regulationsIncrease in depreciation due

2 Depreciation 681.58 731.18 731.18 (49.60) Controllable to change in methodology andrate specified in RERCRegulation,2014Increase in interest and

3 Interest and finance Charges 795.79 854.32 854.32 (58.53) Controllable finance charges, due to(less capitalization) increase in Guarantee

ChargesSaving in interestcharges.

4 Interest on Working Capital 55.48 54.74 54.74 0.74 Controllable However,considerednormativeas per regulations

5 Return on Equity 421.53 421.53 421.53 - Controllable

Other Expenses (includes Prior Period Exp., Increasein Expenses.6 VAR Charges, Extraordinary items and FBT) 10.00 300.62 8.30 1.70 Controllable However,considered

~ Miscellaneous losses and bad debts write-ofts normativeas per regulations

Ir;~/ Insurance charges 0.55 0.29 029 0.26 Controllable Saving in insuranceexpenses~8 Income Tax Paid I Provision 0.00 2.00 2.00 (2.00) Controllable As per Income Tax Act, 1961,

I 9 Total Revenue Expenditure FY 2016-17 2906.39 277408 I 302293 (116.54)

Annexure Page I 79


Annexure -G

Form T-12

Deviation Analysis

Name of Licensee: RVPN SLOe Segment

Period: FY 17 - Truing-Up

(Rs. Crores)

S. RERC Order Actual Considered as Deficit( -) I Controllable I Reasons forParticulars dated 27-10- AccountsNo. 2016 FY 17 per Regulations Surplus (+) Non- Controllable deviations

1 O&M Expenses 11.72 12.28 12.28 (0.56) Controllable Slight increase inO&Mexpenses

2 Depreciation 3.74 0.75 0.75 2.99 Controllable Saving indepreciation

3 Interest and Finance 3.66 0.90 0.90 2.76 Controllable Saving in InterestCharges charges

4 Interest on Working 0.43 0.00 0.64 (0.21) Controllable Increase inCapital Interestcharges

5 SLDC Operational 18.14 10.08 10.08 8.06 Controllable Saving inExpenses expenses

6 Return on Equity 1.58 0.13 0.13 1.45 Controllable Saving in Equity

7 Total Revenue 39.27 24.14 24.78 14.48Expenditure

Page I 80

Rajasthan Rajya Vidyut Prasaran Nigam Limited ARR FY 2018-19

APR & ARR Tariff Formats

APR & ARR Tariff Formats s~~e~.,. Page I 81

True Up Formats

Transmission

INDEX

S.No. Form No. Particulars.

1 2 3

1 Form TTU I Summary of Aggregate Revenue Requirement

2 Form TTU 2 Operation and Maintenance Expenses (Normative)

3 Form TTU 3 Fixed assets & provisions for depreciation (As per Audited Accounts)

4 Form TTU 4.1 Loan Repayment & Interest Liability (As per Audited Accounts)

5 Form TTU 4.2 Normative Loan Repayment and Interest Liability

6 Form TTU 5 Interest on working capital requirement

7 Form TTU 6 Insurance Expenses

8 Form TTU 7 Payment of Unitary Charges for Transmission Lines/Sub stations executed under PPP mode (VGP Scheme)

9 Form TTU 8 Other items (Other debits, write offs or any other item)

10 Form TTU9 Return on Equity

11 Form TTU 10 Income Tax Provisions

12 Form TTU II Non-tariff Income

13 Form TTU 12 Revenue at Existing Transmission Tariff (As per Audited Accounts)

14 Form TTU 13 Revenue Subsidy and Grant

'1t 15 Form TTU 14 Consumer Contribution, Capital Subsidy and Grant'"' Transmission Losses~ 16 Form TTU 157'/17 Form TTU 16 Incentive on Achieving Availability of Transmission System

Form TTU 1

Summary of Aggregate Revenue Requirement

Name of Petitioner Rajasthan Vidyut Prasaran Nigam Ltd.Year of Truing Up 2016-17

Approved as Reference of Remarks/ R",hOJ1 tor lS,

Particulars perRERC Schedule of (Actuals/ difference if ,IIlV

I1\:0. Reference Form No. Order dated audited audited) Difference

27.10.2016 accounts ---~.------I 2 3 4 5 6 7 s

A Expenditure side True Up._---

As per audited aooun: [.';,1 Operation &Maintenance Expenses Form TIU 2 941.46 33,34 &37 950.57 (9.11)409.41Cr., however ','OliSldl'red

Normative --_._--_-------

1--2 Depreciation Form TTU3 68158 1 731.18 (49.60\ _._._-_---,-, Increase due to tir,ili'-" -:'drgcs

3 Interest on Long-term Loans Form TTU4.1 795.79 ,,~5 854.32 (58.53) I

,-, As per Audited ,11"",, I, S,-,

4 Interest on Working Capital Form TIU 5 55.48 35-,

54.74 0.74 15.44C,,, per schvduI, 0<1 JE&F,however tdkl'll ,1' l' 'J

Regulation _____

_ Additional contribution towards 0 0.00 0.00 i:Jpension and gratuity trust I

Saving in insuran. '-:-;:l,;,·;'~'~--l6 Insurance charges Form TIU 6 0.55 37 0.29 0.26 -_-_ ----- _._,-- -,Payment of unitary charges for I

'" or ransmission Lines/ Sub stations II executed under PPP mode (VGF

Form TIU7 0 0.00 0.00 iIScheme) [

8 Other items Form TIU 8 10.00 8.30 1.70 -------,- --.---.- ----",,-1

LJ Total Revenue Expenditure 2484.86 2599.40 (114.54) -------- -I10 Return on Equity Form TTU 9 421.53 421.53 0.0011 Income tax provision Form TTU 10 0 29 2.00 (2.00 -.--------1

Aggregate Revenue Requirement I12 2906.39 3022.93 (116.54) I(10+11+12) -'--,-,- ,-IB less: Non Tariff Income Form TTU 11 125.00 30 72.34 (52.66) -.---------114 less: Income from short/medium 131.79 30 156.83 25.04 i,

term open access I. I_--- -- -----~,

"- Iless: Income from Other Business ,15 0 '-.30 1.56 1.56

(Miscellaneous Income) ,-, !-,

-, -,---------'-1

Aggregate Revenue Requirement r ... I16 from Transmission Tariff (Total A)

2649.60 2741.81 92.22 !-_ ...'-_--,- . _._-_ -I

Truing up for FY2014-15-Surplus 179.80 179.801

17 I--- ---_ .._ "I

18 Income from Interstate users 37.98 30 50.38 12.40-~

Net Aggregete RevenueRequirement

2431.82 2562.01 130.20 -I._---B Revenue Side True Up I

1 Revenue from DISCOM Form TIU12 30.2 2320.74 --------12 Revenue from Long Term Open !

Form TTU 12 30.2 76.93 iAccess 1

3 Revenue Subsidy and Grant Form TTU 13&14 30 14.13-_._---_.,-------!

4 Total (B) 2431.82 2411.79 (20.02) -- ---ITotal Revenue Requirement _·-------1

C Surplus (+) / Deficit (-) (B-A) (150.22) <'ltc';- !~

III

Form ITU2

Operation and Maintenance Expenses (Normative)


Rs. LtkhApproved as per

S.No. Particular RERC Order dated Actuals Remarks27.10.2016 --

1 2 3 4 5

1 Circuit Basis --a Opening Balance of ckt-km

--765KV 425.498400KV 3628.671

---220KV 13724.557

.--

132KV 16180.129 --b Addition of ckt-km during year

--765KV 0.000 -_--400KV 308.656

--220KV 696.243132KV 590.921 ..c Deletion of ckt-km during year765KV 0.000

-~400KV 0.000220KV 0.000 -1

-4132KV 0.000 -1d Closing Balance of ckt-km -I765KV 425.498400KV 3937.327 --~1220KV 14420.800132KV 16771.050

-j

e Average ckt-km during Year765KV 425.498

--400KV 3782.999 --1220KV 14072.679132KV 16475.590 -i

f Applicable O&M cost Norm for ckt-km :- Rs - -1Lakh I ckt-km

-~765KV 1.759400KV 1.109

---ii

220KV 0.437 -==l132KV 0.258g O&M Expense (ckt-km), Rs Lakh

~

765KV 748.451400KV 4195.346220KV 6149.761132KV 4250.702

--JA Sub-total 15667.000 15344.259

2 MVA Basis ]a Opening Balance of MVA Capacity 68036.500b Addition of MYA Capacity during year 4516.000c Deletion of MYA Capacity during year 0.000 ----1d Closing Balance of MVA Capacity 7')~0 ,

~'(

1/2

Approved as perS.No. Particular RERC Order dated Actuals Remarks

27.10.2016 --1 2 3 4 s

e Average MVA Capacity during Year 70294.500 --f Applicable O&M cost Norm - Rs __ Lakh / MYA 0.684capacity ----

g O&M Expense (MYA Capacity), Rs Lakh 48081.438 -B Sub-total 48099.000 48081.438

--3 Feeder bay basis -~--

Ia Opening Balance of Feeder bay765KV 22 -=1400KV 83220KV 691 ~1132KV 2452

b Addition of Feeder bay during year--I

-~765KV 6 I400KV 8

- -,-i220KV 39

132KV 111--1

i- - ,c Deletion of Feeder bay during year -{

765KV 0 ----i400KV 0 I_-_ -1

220KV 0 -!132KV 3 ---1d Closing Balance of Feeder bay I

---i765KV 28 i

- - I

400KV 91 I

220KV 730 - -1---.~--.-

1132KV 2560e Average Feeder bay during Year

--- --I

765KV 25-- -1- ,

400KV 87 I--I

220KV 711 1I

132KV 2506 -- --"!-----1

fApplicable O&M Cost Norm for Feeder bay @ Rs I

Lakh per feeder bay ,---_-_

765KV 103.012 !400KV 68.671 -- ..-

220KV 9.568 ~132KV 6.498 I

g O&M Expense (Feeder bay), Rs Lakh---1:~---!

765KV 2575.300 I-_- -!

400KV 5974.377 --~220KV 6798.064 i,132KV 16283.988

--"---f,___-.1

C Sub-total 30380.000 31631.729 i

Total (A+B+C) 94146.000 95057.426--1

_INormative, Rs. in Crore 941.460 950.574 -iActual as per Balance Sheet, Rs. in Crore 409.410 _j

2/2

RVPN (Transmission)

FormTIU3

Fixed assets & provisions for depreciation (As per Audited Accounts)

Name of Petitioner Rajasthan Vidyut Prasaran NigamLtd.Year of Truing Up 2016-17

Rs Crore

5.28%

6

314.97

5

Gross fixed assets Provisions for depreciation

4

Cumulativeat the end ofyear 31.03.17

11

Assets Group (as pernotification in respect of

depreciation)

Rate ofdepreciation

At thebeginningof the year01.04.16

Additions Adjustmentduring the & deductions

year

At theend ofthe year31.03.17

Cumulativeupto the

beginning ofyear 01.04.16

Additions Adjustmentduring the during the

year year

7 8 9 10

Net fixedassets at thebeginningof the year01-04-17

Net fixed assetsat the end ofthe year 31-03-

17S.No.

1 2 3 12 13

1 Land & land rights(a) Lease hold 3.34% 329.76 12.39 12.89 0.01 28.65 313.9982 313.82

(b) Free hold 129.74 0.000.33 342.47 15.76

0.00 129.74 129.79

2 Buildings 3.34% 550.55 80.910.06 129.7942 0.00 0.00 0.00

524.45 578.4553.91

3 Other Civil works 3.34% 88.15 71.2726.10 27.79 0.01

84.98 148.170.89 632.35

4.30 -0.04 7.43

4 Hydraulic Works 5.28% 0.004923.42

0.001731.76

-3.82 155.60 3.170.00 0.000.00

4607.05 5982.96672.59

i) Transformers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

5 Plant & Machinery 5.28%

5298.36 685.66

0.00 0.00 0.00

5340.346 EHVa) Transmission linesb) Sub-station equipments

0.00 0.00316.37 356.19 0.03

642.16 4983.39

ii) Switchgeares, Control gear 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00til & Proteciton~ ~ iii) Batteries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00~ ~1~·v~)~O~t~h~er~s~ ~------~O~.O~O+-----~O~.O~O+_----~O~.O~O}- ~O~.O~O}-__ ~O~.O~O+- ~O~.O~O+_----~O~.OO~------~O~.O~O~----~O.~OO~ ~O~.O~O~ ~O~.O~O~ ~. ~ 1-...:.,7,---i-:,H::_V:....:::&:...:L::.:T__ --::- ~---___:__:_:ciI_--__=_+--__=__=+---::_::c+-_=_::_:+---_::_::_::+--_:_::_:+-- __ + +- -+- ---1.?~ a) Transmission lines 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00.~~ I-~~~~~~~=---~----=~--~~I--~~I-----~~--~~I-----~~----~~----~==+------=~-----=~------~~'-1-: ':'- b) Sub-station equipments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

.~ ~~i)L-+T~r~a~n~sf~o~rm~e~~~~~~---+--------O~.~OO~----~O~.O~O+-----~O~.O~O+-------O~.~O~O--~O~.OO~------~O~.OO~----~O.~OO~------~O~.OO~------~O~.OO~------O~.~OO~------~O~.OO~

~~ I~./.A ii) Switchgeares, Contra gear 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00~ .~ & Proteciton~ ~~-I~·ii~)-fB~a~tt~e~r~~::-s~~----------~-------O~.~OO~-------:-O~.O~O+-----~O~.OO:-::+-------O~.~OO~-----:-O~.O~O+-------O~.~OO~-----O~.~OO~------~O~.OO-+------~O~.OO~------O-.OO~---------O-.OO~

I~y) Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 000

0.36 6655.54

327.20 -0.01

<) Meters 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.008 Communication equipment

q50~'c-)~-)--;--T

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00I) ·I.~!

\11

-1.53 5982.49

n nr'll (1

l)(IUI ~!lt" !lthl 014! 000 OIY :2:.>/1

i'_ .~. L

Gross fixed assets Provisions for depreciation Net fixed Net fixed assets

At the Additions Adjustment At the Cumulative Additions Adjustment Cumulative assets at the at the end ofAssets Group (as per

Rate of beginning during the & deductions end of uptothe during the during the at the end of beginning the year 31-03-S.No. notification in respect of depreciation of the year the year beginning of year 31.03.17 of the year 17

depreciation)year year year

01.04.16 31.03.17 year 01.04.16 01-04-17

1 2 3 4 5 6 7 8 9 10 11 12 13

13Assets of Partnership 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00projects etc.

14 O&Mspares 0.00 3.61 1.93 0.00 5.54 0.10 0.28 0.00 0.38 3.51 5.16

15 EHV transmission 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

16 HV &LT transmisison 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

17 Assets taken over & 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Ipending final valuation

18 IT equipments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

19 IT jSCADA Software 0.00 0.00 0.00 0.00 000 0.00 000 0.00 0.00 0.00 0.00

20 Any other items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total (1) to (20) 11343.01 2591.96 -3.71 13931.26 679.48 731.18 0.00 1410.66 10663.53 12520.59

Form TfU4.1

Loan Repayment & Interest Liability (As per Audited Accounts)


Rs.CroreInterest Rate Average Interest paid Total interest Less: Interest Net interest

S.Source

Opening Actual Actual Closing Rate of during the Finance charges and chargescharges and

No. Balance Receipts Repayment Fixed Floating Balance Interest Charges finanace(%) year Finance charges capitalised charges

1 2 3 4 5 6 7 8 9 10 11 12 13 14

Long Term

1 GoR Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.002 Bonds 3199.76 0.00 0.00 Fixed 3199.76 10.00 351.99 351.993 LIC 463.57 0.00 59.51 Fixed 404.06 9.50 41.31 41.314 REC 4877.78 508.42 505.11 Floating 4881.09 9.75 574.54 574.545 NABARD 354.28 79.40 39.51 Floating 394.17 9.75 42.51 42.516 NCRPB 55.84 0.00 14.15 Fixed 41.69 9.25 4.85 4.857 aBC 27.33 0.00 15.27 Floating 12.06 9.45 1.88 1.888 CBr 0.00 0.00 0.00 Floating 0.00 0.00 0.00 0.009 Corporation 0.00 0.00 0.00 Floating 0.00 0.00 0.00 0.0010 PFC 392.62 307.54 24.29 Floating 675.87 11.80 49.08 49.0811 APDP 0.52 0.00 0.10 Fixed 0.42 12.50 0.06 0.0612 World Bank 60.55 0.00 7.24 Fixed 53.31 7.70 3.11 3.1113 HUOCa 64.94 0.00 11.85 Floating 53.09 11.00 6.21 6.2114 ADB 62.71 420.66 0.00 Floating 483.37 1.25 2.99 2.9915 KfW 4.03 9.11 0.00 Floating 13.14 0.50 0.10 0.10

Total 9563.93 1325.13 677.03 10212.03 1078.63 80.65 1159.28 304.% 854.32

III

Form TIU 4.2

Normative Loan Repayment and Interest Liability


Rs. ( ro re

As per RERC Order dated As per AuditedS.No Particulars 27.10.2016 Accounts-_-_-_

Ref. Amount Amount1 2 3 4 5

---

1 Opening Loan balance A 6752.29 9)():_:'· "

--

2 Capitalisation during the year B 1557.16 b I J ,IC)-----.-.--

3 Deductions during the year C 0 l;,UU--------

4 Consumer contribution D 274.67 ! .~ ·r;-'-.--

5 Net Capitalisation during the year E=B-C-D 1282.49 li(10,52_._----

6 Loan Addition (1-% equity addition)F=E*(1-% equity 1079.36 ]'(';raddition)

-

7 Less: Repayments (Depreciation allowable G 681.58 7) IlKfor the year) .--.-

8 Closing Loan balance H=A+F-G 7150.07 10r·S,7:2I=Average (A/H)

,-,,_

9 Average Loan 6951.18 9~51,r\"--.,-

10 Weighted average rate of interest J 10.65% 7,Sc,t-, ,-,,-,-

11 Interest on Long Term Loans K=I*J 740.46 ::. ~"'l "

I(Trans + SLDC + Generation),. .:' ;1- r

._----

12 Other Finance Charges L 65 ~·.I,1. 2~;i.--- _._--_. -.-~

13 Total Interest on Long Term Loans M=K+L 805.46 :i'; - ) ,> i, ';::>'--1I

Net Approved by RERC for Transmission 805.46 !___ I

111

Form TTU 5

Interest on working capital requirement


Rs. Crore

SI.No.

ParticularsAs per RERe As perOrder dated Audited27.10.2016 Accounts

Remarks

1 2 3 4 5

~-----Iw---4--------4-----~~ O&Mexpenses (as per norms) . 78.46 79.21

I .........

1-2--1f--M_a_i_n_te_n_a_n_ce_S_p_ar_e_s_(_as_p_e_r_n_o_r_m_s_)+-_...._<,_...._<,_<,..:..:1.....40:::-1_.2_2+_-_1_4_2_.5_9+---__j" l

Receivables on target availability (as per ......, !308.72<, .., 342.73 I

norms) II-----lf------------------+-------+--+---+----.- ..,

Amount held as security deposits from iUsers except security deposits held in the 76.03 100.65 i

form of Bank Guarantees i~~--------~-------------+--------~----4------i5 Total Working Capital 452.37 463.88 i

1---If-------------------+-------4-4----+----~6 Interest Rate (as per norms) 12.26% 11.80% !~+_------------------~-------4~--~----~17 Interest on Working Capital , 55.48 54.74

I---If-------------------+~-~----+-+----+-----lActual interest paid onwe in FY15-16 ----__ 15.44 t

Interest onwe as per Regulation 55A8..... 54.74 l

3

4

III

go

- -1~------------~---------------------------------------------------Form TTU6

L...- In_s_u_r_a_n_ce__E-'xp~e_n_s_e_s JName of Petitioner Rajasthan Vidyut Prasaran Nigam Ltd.Year of Truing Up 2016-17

Rs. CrlJl(

S.No. Particulars (Actuals / audited) Remarks

--1 2 3 4

Insurance Expenses--

a) Provision made / proposed for the year 0.55--

b) Actual insurance expenses incurred 0.29--

c) Average Net Fixed Assets 11592.06

l

I---I

111

g\

L- F_o_rm_TT_U_7 JPayment of Unitary Charges for Transmission Lines/Sub stations executed under PPP

mode (VGF Scheme)


Rs. Crorc

S.No. Name of the Scheme Name of ConcessionaireUnitary Charge paid tothe Concessionaire

1 2 3 4

NIL NIL 0.00

NIL NIL 0.00-

NIL NIL 0.00

Total NIL NIL 0.00

1/1

92

Form TTU 8

Other items (Other debits, write offs or any other item)

Name of Petitioner: Rajasthan Vidyut Prasaran Nigam Ltd.Year of Truing Up 2016-17

Rs Crore

S.No. Particulars (specify items) (Actuals/ Remarksaudited)

1 2 3 4A1 Miscellaneous losses and write-offs 2.58

Actual bad debt is Rs. 295.82 0 ur(~However as per Regulation 2(1 Itaken as 0.25% of trade Receivable: IRs. 1398.5628 Crore I

!2 Bad debts written-off/provided for 3.50 I3 Net Prior period credit/ charges 0.00 -I

-I4 Other Debits/Credits 0.0015 Extra Ordinary Itmes 0.00

---~6 ULDC / NRLDC / VAR Charges 2.22 !Total 8.30 ---lLess -.~-~---!

----IB Chargeable to Capital Expenses 0.00 -iNet chargeable to revenue(A-B) 8.30 i

III

FormTTU9

Return on Equity


Rs. Crore

Approved as Remarks/ ~\S. Particulars

per RERC (Actuals/ DifferenceReason !:()r

order dt audited) difference if,

No. !27.10.2016 anv i

1 2 3 4 5 6- --I----I

Equity at the beginning of the yearI

1 3411.16 3825.09 -413.93 I

2 Capitalisation 1557.16 1514.49 42.67,

Deduction during the year 0.00 0.00 0.00

Less: consumer contribution 274.67 13.97 260.70

Net capitalisation 1282.49 1500.52 -218.03

3 Equity portion of capitalisation 203.13 194.55 8.58 ,i

4 Equity at the end of the year 3614.29 4019.64 -405.35 ROE is eLI lIce·,lj

5 Average Equity 3512.73 3922.37 -409.64 as approve-d bylReturn Computation the HO!1 ble !

6 Rate of Return 12% 12% 0.00 Commi ~~,i.,I,

7 Return on Equity at the beginning of 409.34 459.01 -49.67I

the year8 Return on Equity portion of 12.19 11.67 0.51

capitalisation (on pro-rata basis)!

9 Total Return on Equity 421.53 470.68 -49.16

10Total Return on Equity 421.53(Actual Considered for FY 16-17)

I

_ ..-.._,-"..-:

ROE is claimed as approved by the Hon'ble Commission as informed by RVPNNet Capitalization of Rs. 1514.49 is after deduction of Consumer Contribution

111

Form TTU10

Income Tax Provisions


Rs. Crore

s. ParticularsActualsj Remarks "1

No. Audited

1 2 3 5

(A) Advance Tax assessed & deposited on ...a) for Quarter I & deposited on 15th June 0 I

b) for Quarter II & deposited on 15th September 0 II

c) for Quarter III & deposited on 15th December 0 -Id) for Quarter IV & deposited on 15th March- MAT 0.00 !

Total (A) 2.00 Ii

Deferred tax liability of previous years (+j-) ·1(B) (Year wise bifurcation be given) 0 I

l

1/1

.9S

Form TTUll

Non-tariff Income


Rs en)il'.-

S.No Particulars(Actuals Z Remark"audited)

~--.-

1 2 3 4

Non Tariff Income--,

1 Interest on loans and advances to employees 0.00,_

2 Interest on loans and advances to suppliers/ contractors 12.89---~

3 Interest and other income from investments and deposits 3.33------ ...._

4 Income from rent on land/building 1.06--

5 Income from sale of scrap 14.42-

6 Interest on subvention received from Govt. 0.00--,--

7 Miscellaneous receipts 39.01- -'-·0-

8 Rebate for early payment 1.63--

9 Income from advertisment 0.00--

10Income from sale of electricity to the housing colonies or town to 0.00SIS staff ---Total Non-Tariff Income 72.34

III


Rs. Crore

Form TTU12

Revenue at Existing Transmission Tariff (As per Audited Accounts)

Transmission Tariff Revenue from Transmission chargesAmount of Any other

S. Energy Capacity based Energy based Any other charge Capacity Energy

No.Category Transmitted (in Charge charge, (Specify part based based

charge Total

MW) (Rs./KW/Month) (Specify unit) name and unit) Charges Charges(Creditallowed)

1 2 3 4 5 6 7 8 9 10

1 Long Term Open AccessA Distribution Licensees

JVVNL (40%)MW 3904.80 154.37 N.A. N.A. 928.29 0 0 928.29

AVVNL (28%)MW 2733.36 154.37 N.A. N.A. 649.81 0 0 649.81

JdVVNL (32%)MW 3123.84 154.37 N.A. N.A. 742.64 0 0 742.64

sub-total 9762.00 2320.74 2320.74

The capacity base charges to Discoms has been charged on monthly basis based on approved tariff .B Traders

Trader 1 - - - - - - - -Trader 2 - - - - - - - -

Trader 3 - - - - - - - -sub-total - - - - - - - -

C Long Term ConsumersMis Solar Energy Corp. 240.00 154.37 N.A. N.A. 18.84 0 0 18.84

MI s Dahanu Solar Power Pvt. Ltd. 33.00 154.37 N.A. N.A. 6.05 0 0 6.05

MI s NTPC Vidyut Vyapar Nigam 310.00 154.37 N.A. N.A. 51.63 0 0 51.63

Mis Suncity Sheets Pvt Ltd. 1.00 154.37 N.A. N.A. 0.18 0 0 0.18

-? MI s Suncity Strips& Tubes Pvt Ltd. 1.00 154.37 N.A. N.A. 0.18 0 0 0.18- , MI s Associated Soap Stone Distributing

->-"I) Co. Pvt. Ltd. 1.00 154.37 N.A. N.A. 0.05 0 0 0.05'0.' sub-total ( LTOA) 586.00 76.93 76.93

Total 10348.00 2397.66 2397.661--- --~-__ --_-

f- ---+- ---------- -----. --- --.----~ ---~-~- -_j___ ___......J_..._. ____ ----- . ,,-_------ -- ----- ---.- ------ __ ~___j_ __._______L__.

!Shortj Medium! , i i I I

L lvr m t rpcn /\ccess I I_·Y. H'I rl(ll"ld /K\-\,h i I I ! .1l -_j l.·-~-i.L~l~}-~ I I ______ J I i I

-------, ._--_ _,---- .- -..• -- - -- -

I '

r----.,---- .. ----------- --,- ",_.'-- _.-Transmission Tariff Revenue from Transmission charges

Amount ofS. Energy Capacity based Energy based Any other charge Capacity Energy

Any other

No.Category Transmitted (in Charge charge, (Specify part based based

charge TotalMW) (Rs./KW/Month) (Specify unit) name and unit) Charges Charges

(Creditallowed)

1 2 3 4 5 6 7 8 9 10

Mis HZL, Chitoor N.A. N.A. 0.61 0 0 0.61

MI s HZL, Zawar N.A. N.A. 8.54 0 0 8.54

MI s HZL, Dariba N.A. N.A. 0.44 0 0 0.44

Mis RSWML N.A. N.A. 3.36 0 0 3.36

MI s Shree Cement Ltd. N.A. N.A. 5.74 0 0 5.74

MI s Lafarge India Pvt. Ltd. N.A. N.A. 2.29 0 0 2.29

MI s Inox Air Product Ltd. N.A. N.A. 1.15 0 0 1.15

Mis NEI Ltd. N.A. N.A. 0.93 0 0 0.93

lEX N.A. N.A. 125.41 0 0 125.41

PXIL N.A. N.A. 0.07 0 0 0.07

POSCO N.A. N.A. 8.30 0 0 8.30

sub-total ( STOA/MTOA) N.A. N.A. 156.83 0 0 138.14

3 Inter State Users ChargesPOSCO I PGCIL N.A. N.A. 50.38 a 0 50.38

sub-total (ISUC) 0.00 50.38 50.38

Total 10348.00 2604.87 2604.87

Form TTU13

Revenue Subsidy and Grant


Rs. Crorc

S.No. Particulars (Actuals / audited) Remarks

1 2 3 4

Revenue Subsidies & Grants1 Subvention from State Government 0.00

2State Govt. Grant against addl. 'Interest 0.00Liability -

Any Other item- Subsidy and Grant on l

3 0.16 Icaptial assets -jTotal 0.16

1/1

Form TTU14

Consumer Contribution, Capital Subsidy and Grant


Rs. Crorc

S. Particulars(Actualsj Remarks

No. audited)--

1 2 3 4

1Consumer's Contribution for service connection lines 13.97and associated wiring

2Any other Contribution by consumers or for consumers 0.00under any scheme. --I

3 Sub-Total 13.97 ;-

4 Subsidies towards cost of Capital Asset 0.00---

5 Grant towards cost of Capital Assets 0.16

6Amount received from State Govt. under any scheme as 0.00Igrant j subsidy ,

7 TOTAL-1

14.13 i

III

Form TTU 15

Transmission Losses


S.No. Particulars Unit I--I

1 2 3 4 I!

1 Energy input into the system,j

(a) Energy from the sources inside the State (T-G interface) MU 50320.k~

(b) Energy from the sources outside the State (State Periphery) MU 23442. I)l;~

(c) Total (a)+(b) MU 73763>S~i-- ;

2Energy transmitted to Discoms (including their direct EHT MU J '"' ',' - fconsumers being fed from RVPN GSS)

7 L9_,._ ~.' Ij

3Energy transmitted to open access consumers (other than consumer MU " .'\ Iof Discoms) ,

4 Energy transmitted for inter-state sale at State periphery MU--I

\ "". 1

5 Auxiliary Power Consumption in RVPN Sub-stations (MU) MU 3o.xu,il6 Intra-state transmission losses (1(c)-(2+3+4+5»/1(c» 3.3«1

III

\0\

Form TTU 16

Incentive on Achieving Availability of Transmission System


Rs. Crore

S.No. Actual Availability Ceiling limit as Normative ARR after Incentiveper Regulation target True Up

1 2 3 4 5 6JWNL (40%) 99.75% 98.00% 99.75% 11 ()I)

AVVNL (28%) 99.75% 98.00% 99.75% 16 ') -;

JdVVNL (32%) 99.75% 98.00% 99.75% 13 .: )~--

LTOA 99.75% 98.00% 99.75% 7 ;;-j

TOTAL 13.97 48.'7'~

III

\ 02-

True Up FormatsSLOe

INDEX

S.No. Form No. Particulars

1 2 3

1 FormSTU I Summary of Aggregate Revenue Requirement-_ ..

2 FormSTU 2.1 Employee Expenses----_

3 FormSTU 2.2 Administrative and General Expenses--.

4 FormSTU 2.3 Repair and Maintenance Expenses-

5 FormSTU 3 Interest on working capital requirement

6 FormSTU 4 RLDC Fees and Charges---

7 FormSTU 5 Fixed assets & provisons for depreciation (As per Audited Accounts)

8 Form STU 6 Loan Repayment & Interest Liability (As per Audited Accounts)

9 Form STU 7 Return on Equity--- f

10 FormSTU 8 Income Tax Provisions- --

11 FormSTU 9 Non Tariff Income

12 FormSTU 10 Summary of Revenue from current fee and charges (As per Audited Accounts)I

III

Form STUl


Name of Petitioner: Rajasthan Vidyut Prasaran Nigam Ltd.Year of Truing Up: 2016-17

S.No. Particulars

4 6

ReferenceForm No.

Approved asperRERCOrder dated27.10.2016

Reference ofSchedule of Actual/ Differenceaudited auditedaccounts

Rs. LakhRemarks / Reason for

difference if any

11 Expenses

2

a) Operating Expensesi) Employee expenses

3 5

Form STU2.1 1020.70 34 1106.60Form STU2.2 137.81 37 118.86Form STU 2.3 13.45 33 2.94Form STU3 43.09 35 63.83

Form STU4 1814.00 32 1008.39

iii) Repair and Maintenance Expensesii) Administrative and General Expenses

Form STU5 374.00

Form STU6 366.00

Form STU7 157.68

Form STU8 0.003926.73

Form STU9 163.0021.00

3742.732803.00

ts Aggregate Revenue Requirement 2279.64

iv) Interest on Working Capital

v) RLDC / NRLDC Fee and Charges

b) Capital expense components

i) Depreciation 1 74.76

(85.90)Actual expenses18.95 Saving in expenses10.50 Saving in expenses(20.75)As per Normative805.61 Saving in Fees and

charges

299.24 As per Balance sheet

7

0.00

8

Net Rcvc nue Requirement q~9,71 S23.161---- ----+------------~-------- ------~-----~----~~------I------ - ~----- ---~- ------~- I ~ -----~--- -----------+---------1(: 'A(11131 Revenue Rccl'i11t from DISC()1\/f , Form STC 1ri r : 1 JfJlh.h4! II--_~ __ --< , ----+--- --- - --------- J_ -- ------- ~------l--------------------+----~-t-- ---------+----~-------- I'I- s I ' -- J I' " - ., " ~"l Q I II I Old Acl ua vevunue l'-"l_dpl ! r I ! _,l"L_.YJI '1-----------,- - - -r--- , J

I I' IL -'- ._. .,___ _ L.__ ___• :_ I __L . .,_~ ..!._ -'

Form STU 2.1

Employee Expenses


Rs.lakhAsperRERC i

Actuals/ iS.No. Particulars Order dated auditedRemarks I

27.10.2016 I1 2 3 4

-jI

I Employee's Cost i---,1 Basic Salary 378.44 i

I.----,2 Additional Pay 0.00 !3 D.A. 475.94 --- ---

4 House Rent Allowance 62.225 Other Allowances & Relief 9.03 i

------i

6 Sub-Total: (1 to 5) 925.62 --7 Medical Expenses Reimbursement 4.11 --- -

8 Travelling Allowance 0.00 ,I (Conveyance Allowance) i

- -,9 Leave Travel Assistance 0.0010 Honorarium/ Overtime 7.09 ;

11 Load Despatch Allowance 0.00 --12 Earned Leave Encashment 64.91

- -

13Payment Under Workman's Compensation 0.00

-_,14 Any Other Item 0.03 -__ . ---

IS Arrears to Wage Revision 0.00 _-_ .__16 Sub-Total (7 to 15) 76.14

--~----

17 Staff Welfare Expenses 0.93 --Apprentice And Other Training Expenses

II -

Payment / Contribution To PF Staff Pension ,III And Gratuity

_.--- -1 Terminal Benefits ~.- --

a. Provident Fund Contribu tion 29.28---- -

b. Provision for PF Fund 14.36c. Pension Payments

Gratuity Payment on super annuation---

d. 25.81e. SuperAnnuation Fund, If any 32.96

Any other terminal benefit (Encashment)f.

i

2 Any Other Items 0.93--~----!

--- -,'

Total III 103.34-

IV Grand Total [1.6+ 1.16+ 1.17+ II + III] 1106.03.._--- -,

V Incentive Payment 0.57 !-'

VI Grand Total 1106.60--.-

VII Less Expenses Capitalised 0.00 ,_------- _ ..Net Employee expenses 1020.70 1106.60

_.-.:.~rl

III

Form STU 2.2

Administrative and General Expenses


Rs, Lakh

S.No. ParticularsAs per RERCOrder (Actualsj Remarksdated 27.10.2016 audited)

._-""1 2 3 ,~

A) Administration Expenses --Rent rates and taxes ----_-

i) Rent 2.78 --ii) Rates &Taxes 0.00 --

Sub - total of Rent rates and taxes 2.78 --_.__.-iii) Insurance 0.06 _,,_

iv) Revenue Stamp Expenses,Telephone,P&T &Telex 5.90Charges. --_-_---'_--

v) Legal Charges 0.02 ----_._vi) Audit Fees 0.00 ---_-_

vii) Technical Fees, Consultancy and Other Professional 0.00Charges _.

viii) Conveyance and Travel 7.11 ------ix) Electricity charges 2.55 --.~--

x) VehicleRunning &Hiring Expenses 21.85 - ._-----_----

xi) VehiclesRunning Expenses Petrol And Oil 0.00 --,---_

xii) Security j Service Charges Paid ToOutside Agencies 64.45_,._-_._----

Sub-Total of Admistrative Expenses 104.72-----.~

B) Other Chargesi) FeeAnd Subscriptions BooksAnd Periodicals

- _'_-'0.05

ii' Printing And Stationery 2.43Advertisement Expenses (Including Purchase

_.__ "'_--iii) Related) Exhibition &Demo. -_._- -_._-

iv) Water Charges 4.64v) BankCharges

._- __ .-._._-0.97

vi)-"-_.-_--

Miscellaneous Expenses 3.43vii) OfficeExpenses

-----~---2.62 ----_ .._-_.

Sub-Total of other charges 14.14 -_ ---,. -"'-----.-_--"'-- ----

C) Material Related Expenses ----i) Incidental Stores Expenses

---0.00

Sub Total of Material related expenses---- -_._ .•._

0.00-_.'--_'_'_"_

._------

D) Total Charges 118.86 -- ..__ '_----

E) Total Charges Chargeable To Capital Works 0.00-_._---_---',-

-- ..-

F) Total Charges Chargeable to Revenue Expenses 137.81 118.86-"_,,-_"'--

t>..\III

Form STU 2.3

Repair and Maintenance Expenses


Rs. Lakh

As per RERC (Actuals j'S.No. Particulars Order dated Remarks

27.10.2016audited)

-1 2 3 4 5

1 Plant & Machinery 1.00

2 Building 0.00 I---I

3 Civil Works 0.00,

4 Lines, Cables, Networks, etc. 0.00

5 Vehicle 0.3._.-

6 Furniture & Fixtures 0.02 tI

--17 Office Equipment 1.62 i

!_._1

8 Station Supplies 0.00 !

--I9 Miscellaneous 0.00 ----I!

A Total Charges 2.94 IB less: Expenses Capitalized 0.00 I

IC Total Chargeable to R&M Expenses 13.45 2.94 I

---IJ

III

Form STU 3



Rs. L-,kh

S1.As per RERC Actuals/

Particulars Order dated RemarksNo. 27.10.2016

audited- ---

1 2 3 4 5

1 O&M expenses 98.00 102.37 -----2 Maintenance Spares 176.00 184.26

.---. ----

4Receivables equal to one and half months of average 117.47 284.96billing -LessAmount held as security deposits from Users except

5 security deposits held in the form of Bank 40.00 30.61Guarantees -- _. -

6 Total Working Capital 351.47 540.97 --7 Interest Rate 12.26% 11.80% -8 Interest on Working Capital (Normative) 43.09 63.83 ---- -9 Interest on Working Capital (Actual) ..-----

10 Working capital considered as per regulation 63.83

=J~--I-II

_1

--l

111

Form STU 4

RLDC Fees and Charges


S.No. ParticularsAs per RERC Order (Actuals/ Remarksdated 27.10.2016 audited)

- _.-

1 2 3 4 5

1 NRLDCFees 0.00. - .-.~-

2 NRLDC Charges 1814.00 1008.39- --- - -

3 ULDC Scheme charges 0.00-- - -_---

4 NRPC Charges 0.00-_ - - -

5 Other Costs (related to RLDC), if any 0.00.. - --

Grand Total 1814.00 1008.39--

Rs.l.akb .....,I!

I--i-II

Ii

-.-1;

II

'-1,-j

1I-Ir

J

III


Rs. Lakh

Form STU 5

Fixed assets & provisons for depreciation (As per Audited Accounts)

S. Assets Group (as per Rate of Gross fixed assets Provisions for depreciation Net fixed Net fixed

No. notification in depreciation At the Additions Adjustment At the Cumulative Additions Adjustment Cumulative assets at the assets at the

respect of beginning during the & deductions end of upto the during the during the at the end of beginning of end of the

depreciation) of the year year the year beginning of year year year the year yearyear

1 2 3 4 5 6 7 8 9 10 11 12 13

1 Land & Land rights 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Building and CivilWorks

3.34% 492.13 0.00 20.02 512.15 125.12 19.33 5.98 150.43 367.01 361.72

3 Hydraulic Works 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

4 Other Civil Works 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

5 Plant & Machinery 5.28% 1459.00 0.00 6.25 1465.25 866.18 43.01 2.15 911.34 592.82 553.91

6 Lines Cable Network 0.00 0.00 4.87 0.00 0.26 1.08 1.34 0.00 3.53etc.

4.87

7 Vehicles 9.50% 16.96 0.00 0.00 16.96 15.27 0.00 0.00 15.27 1.69 1.69

8 Furniture & fixtures 6.33% 67.20 0.00 67.29 11.48 4.09 0.04 15.61 55.72 51.680.09

9 Office Equipment's 6.33% 892.47 0.63 0.00 893.10 775.93 8.07 0.00 784.00 116.54 109.10

10 Communication 0.00 0.00 0.00 0.00 0.00equipment

0.00 0.00 0.00 0.00 0.00

11 SCADAand IT 0.00 0.00 0.00 0.00 0.00 0.00 0.00system

0.00 0.00 0.00

12 Other equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total (1) to (12) 2927.76 0.63 31.23 2959.62 1793.98 74.76 9.25 1877.99 1133.78 1081.63

--o

Rs. Lakh

Form STU6

Loan Repayment & Interest Liability (As per Audited Accounts)


Interest Rate Average Interest paid Total interest Less: Interest Net interest charges

S.No. SourceOpening Actual Actual Closing

Rate of during theFinance charges and Finance charges and finanace

Balance Receipts Repayment Balance ChargesFixed Floating Interest year charges capitalised charges

1 2 3 4 5 6 7 8 9 10 11 12 13 14

Long Term LIC 285.00 0.00 28.50 Fixed 256.50 10% 27.00 63.00 90.00 0.00 90.00

Short Term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

285.00 0.00 28.50 0.00 0.00 256.50 27.00 63.00 90.00 0.00 90.00

-

Form STU 7

Return on Equity


Rs. Lakh

Approved as per Actuals/Remarks / Reason

S. No. Particulars Ref. RERC order dated audited Difference for difference if27.10.2016 any

1 2 3 4 5 6 71 Equity at the beginning of the year 1207.00 107.00 1100.00 Difference is due to2 Capitalisation 2500.00 0.63 2499.37 lower equity3 Equity portion of capitalisation 214.00 0.00 214.00 component than4 Equity at the end of the year 1421.00 107.00 1314.00 approved5 Average Equity 1314.00 107.00

Return Computation6 Rate of Return 12% 12% 0%7 Return on Equity at the beginning of the (5)*(1) 144.84 12.84 132.00

Iyear8 Return on Equity portion of (5)*(3)*(n/12) 12.84 0.00 12.84

capitalisation (on pro-rata basis)9 Total Return on Equity (6)+(7) 157.68 12.84 144.84

-

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

FormSTU8



Rs. Lakh

S.No. Particulars Actuals/ Remarksaudited

---1 2 3 4

(A) Advance Tax assessed & deposited on ...--

a) for Quarter I & deposited on 15th June 0.00--I

b) for Quarter II & deposited on 15th September 0.00 Ic) for Quarter III & deposited on 15th December 0.00

---I~

d) for Quarter IV & deposited on 15th March 0.00-

Total (A) 0.00-.----

(B)Deferred tax liability of previous years (+/-) (Year

0.00wise bifurcation be given) --

III

Form STU 9

Non Tariff Income


Rs. Lakh

Approved as per (ActualsfS.No. Particulars RERC order dated Remarks

27.10.2016audited)

1 2 3 4 5

Non Tariff Income

1 Interest on loans and advances to employees 0.00

2 Interest on loans and advances to suppliers/ contractors 0.00

3 Interest and other income from investments and deposits 0.00

4 Income from rent on land/building 0.00

5 Income from sale of scrap 0.00

6 Interest on subvention received from Govt. 0.00

7 Miscellaneous receipts 163.00 198.59

8 Rebate for early payment 0.00

9 Income from advertisement 0.00

Total Non Tariff Income 163.00 198.59

Form STU 10

Summary of Revenue from current fee and charges (As per Audited Accounts)


Rs. Lakh

Fixed Operating Annual SLOC TotalContracted Annual Charges on SLOC Operating SLOeS. Particular Capacity Charges monthly Fees & Charges Charges RemarksNo. basis Charges

(in MW) Rs. Lakh/ Rs. (Rs. In (Rs. In (Rs. InMW Lakh/MW Lakhs) Lakhs) Lakhs) .--

1 2 3 4 5 6 7 8 9

11 Fee and Charges for System Operationa DiscomJVVNL - - - - 358.76 358.76b DiscomAVVNL - - - - 251.13 251.13 _ojc DiscomJDVVNL - - - - 287.01 287.01

-id Generating Company 1 - - - - NA NA - -Ie Generating Company 2 - - - - NA NA I

f Generating Company 3 - - - - NA NA -_.,-_

Other Long term Users- - - - 39.29 39.29g (OAC)

h short term OAC - - - - 17.77 17.77i through IEX/IPX - - - - 662.67 662.67

2 Charges for decision support system and IT Infrastructure

1a Discom1 - - - - - -b Discom2 - - - - - - --c Discom3 - - - - - - ,d Generating Company 1

-i- - - - - - ,- -- ,

e Generating Company 2 I- - - - - - ,- ~

f Generating Company 3 - - - - - - I,Other Long term Users ,

g (please specify) - - - - - - i+-----~

!3 Operating Charges for Scheduling, Metering and Settlement

-- - 1I- 1

a Discom1 - - - - - - Ib Discom2 - - - - - - -1c Discom3 - - - - - - -id Generating Company 1

1- - - - - - ... - ~e Generating Company 2 - - - - - - - 1f Generating Company 3 - - - - - - - -

g Trading Companies - - - - - - :

h Captive Users -i- - - - - - -l. Other third party -1 transactions - - - - - -i. Any other user (pleaseJ specify) - - - - - - i

- ~

4 Other Revenue -ii

a Consultancy services-1- - - - - - i

b Manpower development I- - - - - - :- ~..-:

MiscellaneousReceipt (non ic tariff) - - - - - - !

d net prior period credits - - - - - - ~~-15 Total (1+2+3+4) 1616.64 1616.64.~r

III

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

ARR and Tariff FormatsTransmission

INDEX

S.No. Form No. Particulars1

_.---2 3

1 Form T 1 Summary of Aggregate Revenue Requirement

2-.--~-.-

Form T 2 Operation and Maintenance Expenses

3-- ----

Form T 3.1 Fixed assets & provisions for depreciation FY 17

4--


5--- _ ..-


6,_.,-_ -.

Form T 4.1 Loan Repayment & Interest Liability FY 17

7------ -

Form T 4.2 Loan Repayment & Interest Liability FY 18

8- - -- -

Form T 4.3 Loan Repayment & Interest Liability FY 19--

9 Form T 5 Interest on working capital requirement--

10 Form T 6 Insurance Expenses--_ .. -

11 Form T 7 Other items (Other debits, write offs or any other items)-_._--- --

12 Form T 8 Return on Equity--- -

13 Form T 9 Income Tax Provisions_.--- ---

14 Form T 10 Non-Tariff IncomeRevenue at Existing Transmission Tariff FY 17

------15 Form TILl ----- -' - -

16 Form T 11.2 Revenue at Existing Transmission Tariff FY 18_. ---

17 Form T 11.3 Revenue at Existing Transmission Tariff FY 19- -- --

18 Form T 12 Expected Revenue at Proposed Transmission Tariff-- -- -

19 Form T 13 Revenue Subsidy and Grant----- ---

20 Form T 14 Consumer Contribution, Capital Subsidy and Grant_-_--- - _"

21 Form TIS Proposed improvement in performance ---_-_ .•._22 Form T 16 Transmission Losses

.__ ---23 Form T 17 Forecast of Electricity Transmitted (MU)

.......,,--

1

I;-I

-- -------

Form Tl


Name of Petitioner RVPN (Transmission)R' Crorc

Previous'-'-

Year Current Year Ensuing Year

S, No. Particulars Reference FY17 FY18 FY19 Rcm.uk sForm No. Approved

(Actuals/audited) Dated Estimated Anticipated

26.05.17--~-- _.-.- ----

I 2 3 4 5 6 7 .~

..-l Operation & Maintenance Expenses' Form T2 950.57 1103.25 1097.89 1242.11

-- -- -. ---~--

2 Depreciation Form T 3.1 731.18 772.71 701.45 733.80-- -- ._.__ .. _---_._-

\ Interest on Long-term Loans Form T4.1 854.32 918.08 823.14 873,75_' ___ ._. ____ · __ v _________

I Interest on Working Capital & Financial Charges' Form T 5 54.74 57.46 52.10 60.19

I- - ----_ _---- ------

iAdditional contribution towards pension and gratuity 0.00 0.00 0.00 0.00trust (In case of RVPN) -- _- _._ --_._--

oAdjustment for profit/loss on account 0.00 0.00 0.00 0.00controllable/ uncontrollable factors _. - _,--,--

7 Insurance charges Form T6 0.29 0.55 0.55 0.551-. - -- _-_ --

'l Other items Form T 7 8.30 14.48 27.75 20.001-- - _. - .. --,'_

a) Unitary Charges Form T7 0.00 0.00 0.00 53.00- .. -'

'J Total Revenue Expenditure 2599.40 2866.53 2702.88 2983.41 ._- --," -- ..----~-

10 Return on Equity Form T 8 421.53 76.10 83.27 89.11-_. _ ... --

; 1 Income tax provision Form T 9 2.00 0.00 0.00 0.00..- ..- - _. _ --_-_.

12 Aggregate Revenue Requirement (9+10+11=12) 3022.93 2942.63 2786.16 3072.52-- - ---.---.-.-.--

13 Less: Non Tariff Income Form T10 72.34 137.50 137.50 150.00-- -- -- _---

14 Less: Income from Other Business 208.77 300.00 300.00 300.00----.- - _ _._- ...

15 True-up of FY 16-17 (Surplus/ Deficit) (150.22)_ --- -- --,-_._,_-

16 Aggregate Revenue Requirement from Transmission 2741.82 2505.13 2348.66 2772.74Tariff_ --- - _' - -_ ..__-

Operation and Maintenacne Expenses and interest on working capital as per Tariff Regulatins 2014

~ ~F~0~rm~T~2 -_- J

'-- O,;;.:;,.pe;_,r.;;.at;.;_io;...n.;..a;...n.;.;d.;..M.;.;.;,;.al.;.;n.;.;te.;.n.;..a.;.nc;...e;_E;...x.;.:p;.;e.;.;n.;;.se;;.;s;,_-- --]

Name of Petitioner

Previous Year Current Year Ensuing YearS. No. Particular FY17 FY18 FY19

Actual/Audited Approved Estimated Anticipated .i--2 3 4 5 6

1--Circuit Basis I

--1 LS as per RERC OrderI a Op. Balance of ckt-km dt. 26.05.2017 ;

E.-

765 KV 425.498 425.498 4254981 --400 KV 3628.671 3937.327 5117.327'220 KV 13724.557 14420.800 14749420

i 132 KV 16180.129 16771.050 17117050b Addition of ckt-km during year I

! 765 KV 0.000 0.00 000 .-400 KV 308.656 1180.00 740.00

~.-

220 KV 696.243 328.62 310.00 -132 KV 590.921 346.00 317.00

1- c Deletion of ckt-km durino yearr- 765 KV 0.000 0.00 o OO!

~ .... -

400 KV 0.000 0.00 000220 KV 0.000 0.00 000 -132 KV 0.000 0.00 0.00

d CI. Bal. of ckt-km ."r- 765 KV 425.498 425.498 425.498Ir-: --j 400 KV 3937.327 5117.327 5857.327'r 220 KV 14420.800 14749.420 15059.420',-.

17434.0501,

I 132 KV 16771.050 17117.050r .,

e Average ckt-km during Year ,~-.

765 KV 425.498 425.498 42549[:I,._.'_ .-400 KV 3782.999 4527.327 548732/1 --,-'

1490442C~220 KV 14072.679 14585.110 -i-t 132 KV 16475.590 16944.050 17275 550~ -i

fApplicable O&M cost Norm for ckt-krn :- Rs i: Lakh / ckt-km

r' -765 KV 1.759 1.862 1 971,,_.

1.2431,

400 KV 1.109 1.174,-'-

220 KV 0.437 0.463 o49C.L._ -132 KV 0.258 0.273 0289

-!l O&M Expense (ckt-krn), Rs L

T"-,,;-

765 KV 748.451 792.264 838.611 .-,_, 400 KV 4195.346 5315.568 6819609i~..-220 KV 6149.761 6746.009 7296.980!I

r-'-,

132 KV 4250.702 4621.869 4987962,

f-- A Sub-total 15344.259 17854.00 17475.709 19943.162! -2 MVA Basis

78477500t- -f- a Opening Balance of MVA Capacity 68036.500 72552.500r-- ..

b Addition of MVA caoacuv durlnq year 4516.000 5925.000 4145000!c Deletion of MVA Capacity durinq year 0.000 0.000 o coo:

r- _." ..

!-d ClosillflBalance of MVA Capacity 72552.500 78477.500 82622.500:, e Average MVA Capacity during Year 70294.500 76646.500 80550 OOOL _r+-

Applicable O&M cost Norm - Rs__ Lakh /! f 0.684 0.724 0.766

MVA capacity ij--

61712146'g O&M Expense (MVA Capacity), Rs__ Lakh 48081.438 55476.183

i_.0.

B Sub-total 48081.438 54714.00 55476.183 61712.146Feeder bay basis

--3 I

i , -a Op. Balance of Feeder bay

765 KV 22 28-r--

28400 KV

--, 83 91 136:i 220 KV

.-

f-.-. 691 730 782i 132 KV 2452 2560 2638,

b Addition of Feeder bay during year-

I

C 765 KV 6,

0 01-..

400 KV 8 45 201"-'..

I 220 KV 39 52 39,

".-

132 KV 111 78 80:i- Deletion of Feeder bay during year..

L_. c I

:..~\-

Form T 2

Operation and Maintenance Expenses

Name of Petitioner

ParticularS. No.Ensuing Year

FY 19 f<en~a; ks

------ :

Rs Crore

FonnT 3.1

Fixed assets & provisions for depreciation

Name of PetitionerFY17

RVPN (Transmission)

-

Gross fixed assets Provisions for depreciation Net fixed assets at Net fixed assets atAssets Group (as per At the beginning Additions during Adjustment & At the end of the Cumulative upto Additions Adjustment Cumulative at the the beginning of the end of the year

S.No. notification in respect of Rate of depreciation of the year the year deductions year the beginning of during the year during the year end of year the yeardepreciation) year

1 2 3 4 5 6 7 8 9 10 11 12 13

1 Land & land rights(a) Lease hold 3.34% 329.76 12.39 0.33 342.47 15.76 12.89 0.01 28.65 314.00 313.8225

(b) Free hold 129.74 0.00 0.06 129.79 0.00 0.00 0.00 0.00 129.74 129.79

2 Buildings 3.34% 550.55 80.91 0.89 632.35 26.10 27.79 O.OJ 53.91 524.45 578.45

3 Other Civil works 3.34% 88.15 71.27 -3.82 155.60 3.17 4.30 -D.04 7.43 84.98 148.17

4 Hvdraulir Works 5.28% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

5 Plant & Machinery 5.28% 4923.42 1731.76 0.36 6655.54 316.37 356.19 0.03 672.59 4607.05 5982.%

6 EHVa) Transmission lines 5.28% 5298.36 685.66 -1.53 5982.49 314.97 327.20 -0.01 642.16 4983.39 5340.34

b) Sub-station equipmentsi) Transformers" 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ii) Switchgeares, Control gear & 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Protection"

iii) Batteries" 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

iv) Others • 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

7 HV&LTa) Transmission lines""" 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

b) Sub-station equipmentsi) Transformers" 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ii) Switchgeares, Control gear &0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Protection*

iii) Batteries= 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

iv) Others • 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

8 Communication 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00equipment="

9 Meters" 0.00 0.00 0.00 0.00 0.00 000 0.00 0.00 0.00 0.00 0.00

10 Vehicles 9.50% 2.33 0.73 000 3.06 0.05 0.14 0.00 0.19 2.27 2.86

~ 11 Furniture & fixtures 6.33% 5.28 3.97 0.00 9.25 0.58 0.56 0.00 1.14 4.70 8.11

~. 12 Officp Fquipmenrs 6.33°~ lUll 334 000 15.16 2.~ 1.85 000 4.23 9.44 10.93

r"% Assets ot Partnership prllj(Yts0.00 0.00 1l.lIO 0.0:1 0.00 O.O() 0.00 0.00 0.00 0.00 0.00

ell.f--'=--- ~------'----"'- - ------

, H'--~ 1---'-- --- --_._-- ---- -_---

'i ;j -",!--~-----

~~+--------~

'1 (,' .,. "- -- ::';; -----" - -------_--- ___ 1-

P" .- , , '."I "; ";ii ! 1 - - "._- - -- 1 1., :., .. ....:<1;;

, , .i n: I- - --- _ .. _. --_. -- ----- --- - ---- -- - --------- ---------

Gross fixed assets Provisions for depreciation Net fixed assets at Net fixed assets at

Assets Group (as per At the beginning Additions d~ng Adjustment & At the end of the Cumulative upto Additions Adjustment Cumulative at the the beginning of the end ofthe year

S. No. notification in respect of Rate of depreciation ofthe year the year deductions year the beginning of during the year during the year end of year the yeardepreciation) year

1 2 3 4 5 6 7 8 9 10 11 12 13

17 Assets taken over & pending 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00final valuation

18 IT equipments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

19 IT (SCADASoftware 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

20 Any other items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total (1) to (20) 11343.01 2591.96 -3.71 13931.26 679.48 731.18 0.00 1410.66 10663.526 12520.59

Depreciation on discard items I deductions I adjustments in accumulated depreciation

Prior period depreciation

Net Depreciation 731.18

-

Form T 3.2


Name of Petitioner RVPN (Transmission)FY18

Rs. CroreGross fixed assets Provisions for depredation Net fixed assets Net fixed

At the Additions Adjustment & At the end Cumulative upto Additions Adjustment Cumulative at at the beginning assets at the

S. No.Assets Group (as per notification Rate of beginning of during the deductions of the year the beginning of during the during the year the end of year of the year end of the year

in respect of depreciation) depreciation the year year year year

1 2 3 4 5 6 7 8 9 10 11 12 131 Land & land rights(a) Lease hold 3.34% 342.47 9.62 0.00 352.09 28.65 10.50 0.00 39.15 313.82 312.94

(b) Free hold 129.79 0.00 0.00 129.79 0.00 0.00 0.00 0.00 129.79 129.792 Buildings 3.34% 632.35 62.83 0.00 695.18 53.91 20.33 0.00 74.23 578.45 620.94

3 Other Civil works 3.34% 155.60 55.34 0.00 210.94 7.43 5.84 0.00 13.27 148.17 197.674 Hydraulic Works 5.28% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.005 Plant &Machinery 5.28% 6655.54 1344.63 0.00 8000.17 672.59 360.91 0.00 1033.50 5982.96 6966.676 EHVa) Transmission lines 5.28% 5982.49 532.38 0.00 6514.87 642.16 301.96 0.00 944.12 5340.34 5570.75

b) Sub-station equipments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00i) Transformers* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ii) Switchgeares, Control gear 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00& Protection*iii) Batteries* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00iv) Others * 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.007 HV&LTa) Transmission lines** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00b) Sub-station equipments

/.~ i) Transformers* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00;;0 Switchgeares, Control gear""~

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00& Protection*

ii1)' Batteries' 0.00 0.00 0.00 0.00 000 000 0.00 0.00 000 0.00iv) ,()t!wrs * (l00 000 000 (JOO ()00 000 000 (JOO 000 o.oo-_ ..... ..J -------_ --_---------- --

, _~ _________ 1-_ ._- . __ .. __j__ _._ . -------------- _. -------- '--"'-'--, -_ -_.-------- --_j_----- ----L. ------ ---+- ._---:Ccr~lI~l0.ni, ..ltion I

f' nn! ! i , , I i ,n rn!"'~ I ,

q ~n! l1J'C: (1 npl n "(11 f~ nn! n n(" (11](11 r or!1 It ~.""-' _ _ ________1, i_ ___.J. _____. '. i ;....J ....1. ._._.J --.J. ..-.. .-..-.... , . ... . _L ........__L___._.__ ~I-_- -_ .. __ ._- _. - ._ .. ---_'-_ _'---_----

!l : ! nt t},1)1)1 !).U:) 11.:H_l! U UO! u.()Ui !}.L:' !__ ---'- ....l.. ~' _ ..._..... _._~ __i. .L_ .....L_. _'

Gross fixed assets Provisions for depreciation Net fixed assets Net fixed

At the Additions Adjustment & At the end Cumulative upto Additions Adjustment Cumulative at at the beginning assets at the

S.No.Assets Group (as per notification Rate of beginning of during the deductions of the year the beginning of during the during the year the end of year of the year end of the year

in respect of depreciation) depreciation the year year year year

1 2 3 4 5 6 7 8 9 10 11 12 13

10 Vehicles 9.50% 3.06 0.57 0.00 3.62 0.19 0.30 0.00 0.49 2.86 3.13

11 Furniture & fixtures 6.33% 9.25 3.08 0.00 12.33 1.14 0.65 0.00 1.79 8.11 10.55

12 Office Equipments 6.33% 15.16 2.60 0.00 17.75 4.23 0.97 0.00 5.19 10.93 12.56

13 Assets of Partnership 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00,projects etc.

14 O&M spares 5.54 1.50 0.00 7.04 0.38 0.00 0.00 0.38 5.16 6.66

15 EHV transmission 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

16 HV & LT transmission 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

17 Assets taken over & 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Ipending final valuation

18 ITequipments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

19 IT jSCADA Software 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

20 Any other items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total (1) to (20) 13931.26 2012.54 0.00 15943.80 1410.66 701.45 0.00 2112.12 12520.59 13831.68

-

Fonn T 3.3


Nameof Petitioner RVPN(Transmission)FY19

Rs.Cro~

Gross fixedassets Provisionsfor depreciation Netfixedassets Net fixedassetsAssets Group (as per Rate of ~A7:-tt:;h-.-;begi.,-:c·;-n-ru:-·n""'gT"-:A'-d:Cdi::"ti:'"o"'ns=::;:=";:::;Ad7J'u"'stm:-.-n7t-="--r-A7t:-thc:-.-.-nd.,....of::-t-::C,-u-m-u7la""'ti:-·Y-.-u-p.,.to"'-A7;ddi':7·::ti::o=ns=:;::-::A"'d"'j=u::st=m=.::nt:'_'-C;Ou-m--'Ula;-"ti·Y-'-.-:t-lat the beginning at the end of the

S. No. notificationin respectof depreci.i of the year during the yeu deductions the yeu the beginning of during the yeu during the year the end of year of the yeM yeardepreciation) tion year

131210 119641 2

I Land & Jand rights310.2748.82 312.940.009.6739.15359.090.007.00352.093.34%(a) Lease hold129.79129.790.000.000.000.00129.790.000.00129.79(h) Free hold646.38620.9494.530.0020.3074.23740.910.0045.73695.183.34%Buildings

251.221 230.80197.6720.430.007.1513.270.0040.29210.943.34%Other Civil works0.000.000.00 0.000.000.000.000000.000.005.2B%Hydraulic Works

7549.236966.671429.750.003%.251033508978.98000978.81Plant & Machinery 5.28% 8OCXJ.17

l---"--fE:::_H:_:V --~--f--.--- ..Transmission lines 5.28% 6514.87

~ .~...------+-----~----~---+-----+----+-----+---~387.54 0.00 6902.41 944.12 298.28 0.00 1242.40 5570.75 5660.01.)

b) Sub-stationequipments0.000.000.000.000.000.000.000.000.000.00Transformers"i)

Switchgeares, Control gear&. Protection"

0.000.000.000.000.000.000.000.000.000.00ii)

0.000.000.000.000.000.000.000.000.000.00iii) Batteries"0.000.000.000.000.000.000.000.000.000.00iv) Others."

7 HV & LT0.000.000.00 0.000.000.000.000.000.000.00a) Transmission lines-

Sub-stationequipmentsb)0.000.000.000.000.000.000.000.000.000.00Transformers"i)

Switchgeares. Control gear&. Protection"

0.000.000.000.000.000.000.000.000.000.00Ii)

0.000.000.000.000.000.000.000.000.000.00Batteries"Iii)0.000.000.000.000.000.000.000.000.000.00IV) Others"

Communication[equipment'?"

0.000.000.000.000.000.000.000.000.000.00

0.000.000.000.000.000.000.000.000.000.00Meters"3.233.130.810.000.320.494.030.000.413.629.50'lo10 Vehicles12.0110.552.570.000.781.7914.580.002.2412.336.33%11 Furniture& fixtures13.4212.566.230.001.035.1919.640.001.896.33% 17.7512 Office Equipments

13 Assetsof Partnership[projects etc.

0.000.000.000.000.000.000.000.000.000.00

7.750.38 6.660.000.000.388.120.001.097.04O&Msp.ues140.000.000.000.000.000.000.000.000.000.0015 EHV transmission0.000.000.000.000.000.000.000.000.000.00HV&. LT transmission16

Assets taken over &pending final valuation

0.000.000.000.000.000.000.000.000.000.0017

0.000000.000000.00000000oro000lR IT equipments0.000.00 0.000.000.00 0.000.000.000.000.0019 IT ISCADA Software

000100010001 000000000000 0(1(10(1(10(1(120 Anyother items- 0.001 14562.8813831.68o.oo] 28-i~.q21+65.00115.q.n.RO! 2112.12;17-108$01rota] (1) to (20)

...included in Plant 8& Machinery at Sr No. 5..." included in transmisison lint> at ST. No.6a.

Rs.Crore

FormT4.1

Loan Repayment & Interest Liability


RVPN (Transmission)

Opening Anticipited AnticipitedIntrest Rate Closing Average Liability of Finance

Total interest Less:Interest Net interest chargesS.No. Source Rate of intrest during charges and charges and finanace

Balance Receipts Repayment Fixed Floating Balance Intrest the yearCharges Finance charges capitalised charges

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1 GaR Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Bonds 3199.76 000 0.00 Fixed 3199.76 10.00 351.99 351.99

3 Life Insurance Corporation 463.57 0.00 59.51 Fixed 404.06 9.50 41.31 41.31

4 REC 4877.78 508.42 505.11 Floating 4881.09 9.75 574.54 574.54

5 NABARD 354.28 79.40 39.51 Floating 394.17 9.75 42.51 42.51

6 NCRPB 55.84 0.00 14.15 Fixed 41.69 9.25 4.85 4.85

7 OBC 27.33 0.00 15.27 Floating 12.06 9.45 1.88 1.88

8 PFC 392.62 307.54 24.29 Floating 675.87 11.80 49.08 49.08

9 APOP 0.52 0.00 0.10 Fixed 0.42 12.50 0.06 0.06

10 World Bank 60.55 0.00 7.24 Fixed 53.31 7.70 3.11 3.11

11 HUOCO 64.94 0.00 11.85 Floating 53.09 11.00 6.21 6.21

12 AOB 62.71 420.66 0.00 Floating 483.37 1.25 2.99 2.99

13 KfW 4.03 9.11 0.00 Floating 13.14 0.50 0.10 0.10Total 9563.93 1325.13 677.03 10212.03 1078.63 80.65 1159.28 304.96 854.32

Note The finance charges and capitalisation of mterst IS maintained as a whole for all the loans and hence total amount shown

Rs Crore

FormT4.2



RVPN (Transmission)

S. Opening Anticipated AnticipatedInterest Rate Closing Average Liability of Finance Total interest Less:Interest

Source Rate of interest during charges and chargesNet interest charges

No. Balance Receipts Repayment Fixed Floating Balance Charges and finance chargesInterest the year Finance charges capitalized

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1 CoR Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Bonds 3199.76 000 0.00 Fixed 3199.76 10.00 364.94 364.94

3 LifeInsurance Corporation 404.06 0.00 56.05 Fixed 348.01 1000 37.39 37.39

4 REC 4881.09 197.13 528.19 Floating 4550.03 9.25 462.48 462.48

5 NABARD 394.17 102.00 53.99 Floating 442.18 10.00 44.58 44.58

6 NCRPB 41.69 000 10.43 Fixed 31.26 10.00 3.97 3.97

7 OBC 12.06 0.00 8.81 Floating 3.25 10.00 0.41 0.41

8 PFC 675.87 0.00 27.43 Floating 648.44 12.00 72.57 72.57

9 APDP 0.42 0.00 0.10 Fixed 0.32 13.00 0.05 0.05

10 World Bank 53.31 0.00 7.23 Fixed 46.08 11.00 3.77 3.77

11 HUDCO 53.09 0.00 11.88 Floating 41.21 11.00 4.96 4.96

12 ADB 483.37 346.00 0.00 Floating 829.37 1.25 6.59 6.59

13 KfW 13.14 80.00 0.00 Floating 93.14 0.50 0.82 0.82

14 Unidentified I Others 0.00 918.40 0.00 Floating 918.40 10.65 24.44 24.44 918.40

Total 10212.03 1643.53 704.11 11151.45 1026.97 90.00 1116.97 293.83 823.14\~.t Note The finance charges and capitalisation of mterst IS maintained as a whole for aUthe loans and hence total amount shown

~1?..p~%,,\

.~<9~ \._.-t- ~.<:;,%~~'~.%~/~"" if

~

Rs. Crore

Form T4.3



RVPN (Transmission)

S. Opening Anticipited Anticipited Intrest Rate ClosingAverage Liability of Finance Total interest Less:Interest Net interest charges

Source Rate of intrest during charges and charges and finanaceNo. Balance Receipts Repayment Fixed Floating Balance Intrest the year

Charges Finance charges capitalised charges

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1 GaR Loans 000 0.00 0.00 0.00 0.00 0.002 Bonds 3199.76 0.00 0.00 fixed 3199.76 10.00 378.88 378.883 Life Insurance Corporation 348.01 0.00 50.38 fixed 297.03 10.00 31.87 31.874 REC 455003 0.00 54006 Floating 4009.97 9.25 413.03 413.035 NABARD 442.18 0.00 58.30 Floating 383.88 10.00 42.14 42.146 NCRPB 31.26 0.00 10.42 Fixed 20.84 10.00 2.90 2.907 OBC 3.25 0.00 3.24 Floating 0.01 10.00 0.06 0.068 PFC 648.44 0.00 27.29 Floating 621.15 12.00 72.30 72.309 APDP 0.32 0.00 0.10 Fixed 0.22 13.00 0.04 0.0410 World Bank 46.08 0.00 7.24 Fixed 38.84 11.00 3.25 3.2511 HUDCO 41.21 0.00 11.85 Floating 29.36 11.00 3.76 3.7612 ADB 829.37 12.00 8.61 Floating 832.76 1.25 8.35 8.3513 KfW 93.14 142.20 0.00 Floating 235.34 0.50 2.71 2.7114 Unidentified I Others 918.40 649.50 000 Floating 156790 10.65 132.35 132.35

Total 11151.45 803.70 717.49 11237.66 1091.64 95.00 1186.64 31289 873.75

Note 11,e finance charges and capitalisation of mterst IS maintained as a whole for all the loans and hence total amount shown

-

FormT5


Name of Petitioner RVPN (Transmission)

Rs. Crore

Previous Year Current Year Ensuing Year

51. No. Particulars FY17 FY18 FY19 Remarks

(Actualsfaudited) Approved Estimated Anticipated

1 2 3 4 5 6 7

1 O&M expenses (as per norms) 79.21 91.94 91.49 103.51

2 Maintenance Spares (as per norms) 142.59 165.49 164.68 186.32

3Receivables on target availability (as per

342.73 313.14 293.58 346.59norms)LessAmount held as security deposits from

4 Users except security deposits held in the 100.65 83.62 100.65 110.72form of Bank Guarantees

5 Total Working Capital 463.88 486.95 449.11 525.70

6 Interest Rate (as per norms) 11.80% 11.80% 11.60% 11.45%

7 Interest on Working Capital 54.74 57.46 52.10 60.19

8 Actual interest paid on we in FY16-17 15.44.,1~. 9 Interest on we as per Regulation 57.46

Rs. Crore

Form T6

Insurance Expenses


Previous Year Current Year (n) Ensuing YearS.No. Particulars Remarks

FY17 FY18 FY19(Actualsjaudited) Approved Estimated Anticipated

1 2 3 4 5 6 7

Insurance Expenses

a) Provision madej proposed for the year 0.55 0.55 0.55 0.55

b) Acual insurance expenses incurred 0.29

c) Average Net Fixed Assets 11592.06

-

Rs. Crore

Form T7

Other items (Other debits, write offs or any other items)


Previous year Current year Ensuing Year

S.No. Particulars (specify items)FYI7 FYI8 FYI9 Remarks

(Actuals/ Approved Estimated (Anticipated)audited)

1 2 3 4 5 6 7

Al Miscellaneous losses and write-offs 2.582 Bad debts written-off/ provided for 3.50 Details not 20.00 20.003 Net Prior period credit/ charges 0.00

Available

4 Other Debits/Credits 0.005 Extra Ordinary Items 0.00 7.75 0.006 ULDC/NRLDC/VAR Charges 2.227 Unitary Charges 53.00Total 8.30 14.48 27.75 73.00Less

B Chargeable to Capital Expenses 0.00 0.00 0.00 0.00Net chargeable to revenue(A-B) 8.30 14.48 27.75 73.00

-\Yo

Rs. Crore

FormT8

Return on Equity


Previous Year Current Year Ensuing YearFY17 FY18 FY19

s. Particulars Ref. Approved asNo. (Actualsj per RERC

audited) order dtEstimated (Anticipated)

26.05.2017

1 2 3 4 5 6 7

1 Equity at the beginning of the year 3825.09 3661.05 4019.64 4307.64

2 Net Capitalization 1514.49 1407.65 2012.54 1465.00

3 Equity portion of capitalization 194.55 288.00 288.00 296.00

4 Equity at the end of the year 4019.64 3949.05 4307.64 4603.64

5 Average Equity 3922.37 3805.05 4163.64 4455.64

Return Computation5 Return on Equity at the beginning of the year 459.01 73.22 80.39 86.15

6 Return on Equity portion of capitalization ROE*(3)j (n/12) 11.67 2.88 2.88 2.96I(on pro-rata basis)

7 Total Return on Equity (5)+(6) 470.68 76.10 83.27 89.11

8 Return on Equity(Actual Considered for FY 16-17)

421.53 76.10 83.27 89.11.,-;

'~J. te: Return on E uit considered durin FY2016-17 12% and FY2017-18 & FY2018-19 2%q y g @ @

--

Form T9


Name of Petitioner RVPN (Transmission)(Rs. Crore)

Previous Year Current Year (n) Ensuing Year

FY17 FY18 FY19

ApprovedS.No. Particulars as per Remarks

(ActualsfRERC Estimated Anticipated

audited)order dt26.05.2017

1 2 3 4 5 6 7

(A) Advance Tax assessed & deposited on 2014-15a) for Quarter I & deposited on 15th June 0.00 0.00 0.00 0.00b) for Quarter II& deposited on 15th September 0.00 0.00 0.00 0.00c) for Quarter III& deposited on 15th December 0.00 0.00 0.00 0.00d) for Quarter IV& deposited on 15th March -MAT 0.00 0.00 0.00 0.00

Total (A) 2.00 0.00 0.00 0.00

(B) Deferred tax liabulity 0.00 0.00 0.00 0.00

Provision for Income tax will be as per MAT on Book Profit for FY18& 19

-

Form TIO

Non-Tariff Income

Name of Petitioner RVPN (Transmission)Rs.Crore

S.No Particulars Previous year Current year Ensuing Year RemarksFYI7 FYI8 FYI9

(Actuals/ Approved Estimated (Anticipated)audited) as per

RERCorder dt26.05.2017

I 2 3 4 5 6 7Non Tariff Income

I Interest on loans and advances to employees 0.00

2 Interest on loans and advances to 12.89suppliers/ contractors

3 Interest and other income from investments and 3.33deposits

4 Income from rent on land/building 1.065 Income from sale of scrap 14.42 137.50 137.50 150.00

6 Interest on subvention received from Govt. 0.00

e 7 Miscellaneous receipts 39.01~8 Rebate for early payment 1.63

9 Income from advertisment 0.0010 Income from sale of electricity to the housing 0.00

colonies or town to SIS staff,T()tal Non- Tariff Income I 7'; .~) l:,-;-:;n 1:'~ :;(1 1::;1) ( 1(1I i. .-_- .. l. - •....- ,_.~,.- ..~~~.'.... ~-_'. - <-'• _ ..,._ -- .-.-..~-.

~'; !-;c:": ; rnl ()pt~r: _--"\~t_-~C'~c. --_._-

I ) (1 :''-'_;~. ,- ~ ( \.'\ J.! ,

Form Tn.I

Revenue at Existing Transmission Tariff

Name of PetitionerFYI7

RVPN (Transmission)

Rs.CroreTransmission Tariff Revenue from Transmission charges

Amount ofs. Energy Capacity based Energy based Any other charge Capacity Energy

Any other

No. Category Transmitted Charge charge (Specify part name based based charge Total(MW) (Rs.fkW/month) (Specify unit) and unit) Charges Charges

(Creditallowed)

1 2 3 4 5 6 7 8 9 101 Long Term Open AccessA Distribution Licensees1 JVVNL (40%) 3255.40 154.37 N.A. N.A. 928.29 - - 928.292 AVVNL(28%) 2278.78 154.37 N.A. N.A. 649.81 - - 649.813 JdVVNL (32%) 2604.32 154.37 N.A. N.A. 742.64 - - 742.64

sub-total 8138.50 2320.74 0.00 0.00 2320.74

B Traders1 Trader 1 - - - - - - - -

2 Trader 2 - - - - - - - -

3 Trader 3 - - - - - - - -

sub-total - - - - - - - -

C Long Term Open Access1 Mis Solar Energy Corp. Ltd. 240.00 154.37 N.A. N.A. 18.84 - - 18.842 MIS Dahanu Solar Power Pvt. Ltd. 33.00 154.37 N.A. N.A. 6.05 - - 6.053 MI s NTPC Vidyut Vyapar Nigam 275.00 154.37 N.A. N.A. 51.63 - - 51.634 Mis Suncity Sheets Pvt. Ltd. 1.00 154,37 N.A. N.A. 0.18 - - 0.185 Mis Suncity Strips & Tubes Pvt. Ltd. 1.00 154.37 N.A. N.A. 0.18 - - 0.18

r-~6 M/ s Associated Soap Stone Distributing 1.00 15-1.37 N.A. N.A. 0.05 - -cI' Co. Pvt. Ud. 0.05

~ sub-total 551.00 76.93 0.00 0.00 76.93, , , 1

I· -----.-.-.--.-~~~------- --.----.----~----------.--- ... ------. ----_._---

Transmission Tariff Revenue from Transmission chargesAmount of

S. Energy Capacity based Energy based Any other charge Capacity EnergyAny other

No.Category Transmitted Charge charge (Specify part name based based

chargeTotal

(MW) (Rs.fkWfmonth) (Specify unit) and unit) Charges Charges (Creditallowed)

1 2 3 4 5 6 7 8 9 102 Mis HZL, Zawar N.A. N.A. 0.61 - - 0.613 MI s HZL, Dariba N.A. N.A. 8.54 - - 8.544 Mis RSWML N.A. N.A. 0.44 - - 0.445 Mis Shree Cement Ltd. N.A. N.A. 3.36 - - 3.366 Mis Lafarge India Pvt. Ltd. N.A. N.A. 5.74 - - 5.747 Mis Inox Air Product Ltd. N.A. N.A. 2.29 - - 2.298 Mis NEl Ltd. N.A. N.A. 1.15 - - t.is9 lEX N.A. N.A. 0.93 - - 0.9310 PXlL N.A. N.A. 125.41 - - 125.4111 pasco N.A. N.A. 0.07 - - 0.0712 pasco I PGCIL N.A. N.A. 8.30 - - 8.30

sub-total 0.00 156.83 0.00 0.00 156.83

Total 8689.50 0.00 0.00 2554.49 0.00 0.00 2554.49

-

(Rs. Cr)

Form Tll.2



RVPN (Transmission)

Transmission Tariff Revenue from Transmission chargesAmount of

S. Energy Capacity based Energy based Any other charge Capacity EnergyAny other

No.Category Transmitted Charge charge, (Specify (Specify part name based based

charge Total

(MW) (RsjkW/month) unit) and unit) Charges Charges(Pleasespecify)

1 2 3 4 5 6 7 8 9 10

1 Long Term Open AccessA Distribution Licensees1 JVVNL (40%) 5010.80 157.21 NA. NA. 945.30 - - 945.30

2 AVVNL(28%) 3507.56 157.21 NA. NA. 661.71 - - 661.71

3 JdVVNL (32%) 4008.64 157.21 NA. NA. 756.24 - - 756.24

sub-total 12527.00 2363.24 - - 2363.24

B Traders1 Trader 1 - - - - - - - -2 Trader 2 - - - - - - - -

3 Trader 3 - - - - - - - -sub-total - - - - -

~ C Long Term Open Access

'" 1 M/ s Solar Energy Corp. Ltd. 240.00 157.21 NA. NA. 45.28 - - 45.28

'';_ ~ M/S Dahanu Solar Power Pvt. Ltd. 33.00 157.21 NA. NA. 6.23 - - 6.23

~ M/ s NTPC Vidyut Vyapar Nigam 275.00 157.21 NA. NA. 51.88 - - 51.88

~ M/ s Suncitv Sheets Pvt. Ltd. 1.00 157.21 NA. NA. 0.19 - - 0.19

5 M/ s Suncitv Strips & Tubes Pvt. Ltd. 1.00 157.21 NA. NA. 0.19 - - 0.19

6\1/s Associated Soap Stone Distributing 1.00 157.21 NA. NA. 0.19 - - 0.19Co. Pvt. Ltd.

sub-total 551.00 103.95 - - 103.95I

I

I , i I ; ,1--- -i

i j) i~l1vri 1er m Upcn Access

1--r- --·--r----r-----l----,j I I. 1

Transmission Tariff Revenue from Transmission chargesAmount of Any other

S. Energy Capacity based Energy based Any other charge Capacity EnergyNo. Category Transmitted Charge charge, (Specify (Specify part name based based charge Total

(MW) (RsfkWJmonth) unit) and unit) Charges Charges (Pleasespecify)

1 2 3 4 5 6 7 8 9 101 MI s HZL, Chitoor N.A. N.A. 0.00 - - 0.002 Mis HZL, Zawar N.A. N.A. 0.00 - - 0.003 Mis HZL, Dariba N.A. N.A. 0.00 - - 0.004 Mis RSWML N.A. N.A. 0.00 - - 0.005 Mis Shree Cement Ltd. N.A. N.A. 0.00 - - 0.006 MI s Lafarge India Pvt. Ltd. N.A. N.A. 0.00 - - 0.007 Mis Inox Air Product Ltd. N.A. N.A. 0.00 - - 0.008 Mis NEI Ltd. N.A. N.A. 0.00 - - 0.009 lEX N.A. N.A. 0.00 - - 0.0010 PXIL N.A. N.A. 0.00 - - 0.0011 POSCO N.A. N.A. 0.00 - - 0.0012 POSCO I PGCIL N.A. N.A. 0.00 - - 0.00

sub-total 0.00 0.00 - - 0.00Total 13078.00 2467.19 - - 2467.19

Form Tll.3


Name of Petitioner RVPN (Transmission)FY19

S. Category Amount of Transmission Tariff Revenue from Transmission charges (Rs.No Energy Capacity based Energy based Any other charge Capacity Energy Any other Total

Transmitted Charge charge, (Specify (Specify part based based charge(MW) (RsfkW/month) unit) name and unit) Charges Charges (Please

specify)1 2 3 4 5 6 7 8 9 101 Long Term Open AccessA Distribution Licensees1 JVVNL (40%) 4458.4 157.21 N.A. N.A. 841.09 - - 841.092 AVVNL(28%) 3120.88 157.21 N.A. N.A. 588.76 - - 588.763 JdVVNL (32%) 3566.72 157.21 N.A. N.A. 672.87 - - 672.87

sub-total 11146.00 2102.72 - - 2102.72

B Traders1 sub-total - -

23 Long Term Open Access1 M/ s Solar Energy Corp. Ltd. 240.00 157.21 NA. NA. 45.28 - - 45.282 MIS Dahanu Solar Power Pvt. Ltd. 33.00 157.21 NA. NA. 6.23 - - 6.233 Mis NTPC Vidyut Vyapar Nigam 275.00 157.21 NA. NA. 51.88 - - 51.884 MI s Suncity Sheets Pvt. Ltd. 1.00 157.21 NA. NA. 0.19 - - 0.195 MI s Suncity Strips & Tubes Pvt. Ltd. 1.00 157.21 NA. NA. 0.19 - - 0.19

~~.6 Mis Associated Soap Stone Distributing 0.19 - -1.00 157.21 NA. NA. 0.19r~ Co. Pvt. Ltd.

v sub-total 551.00 103.95 - - 103.95

!) Shflrl Term Opt>!)Ac( """ : 29 ')LJI)d j ... ,,;, L \ \'1 i ; I!---~-.~......--.----~.---_-~ ~~.--__._._-_--~--.~._-~ -~.--- --.-- ---_----- --__,..........----- __.::.__--_._--- -_. ----- ,---------- -- ..----.--~--------.-----~.--------.-. ------

~\1IS 1L/1, r'L~L"\' .;!:./ 1

S. Category Amount of Transmission Tariff Revenue from Transmission charges (Rs.No Energy Capacity based Energy based Any other charge Capacity Energy Any other Total

Transmitted Charge charge, (Specify (Specify part based based charge(MW) (RsfkWfmonth) unit) name and unit) Charges Charges (Please

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

3 MI s HZL, Dariba N.A. N.A. - - - -

4 Mis RSWML N.A. N.A. - - - -5 MI s Shree Cement Ltd. N.A. N.A. - - - -

6 MI s Lafarge India Pvt. Ltd. N.A. N.A. - - - -7 Mis Inox Air Product Ltd. N.A. N.A. - - - -

8 Mis NEI Ltd. N.A. N.A. - - - -

9 lEX N.A. N.A. - - - -

10 PXIL N.A. N.A. - - - -

11 pasco N.A. N.A. - - - -12 pasco I PGCIL N.A. N.A. - - - -

sub-total 0.00 - - - -Total 11697.00 2206.66 - - 2206.66

-

Form T12

Expected Revenue at Proposed Transmission Tariff


RVPN (Transmission)

(Rs. Cr.)

S.No

Category Amount of Transmission Tariff Revenue from Transmission charges~------------r-----------~-------------+------~------r---------~~--~Energy Capacity based Energy based Any other charge Capacity Energy Any other Total

transmitted Charge charge, (Specify (Specify part based based charge(MW) (RsfkWfmonth) unit) name and unit) Charge Charge (Please

specify)

<g. ~A,?I.O~. C Long Term Consumers/"%,~ 1 Mf s Solar Energy Corp. Ltd. 240.00, -,~.' .. 'P 2 MfS Dahanu Solar Power Pvt. Ltd. 33.00-,.' YI"\

''b_. 3 Mis NTPC Vidyut Vyapar Nigam 275.00. - "'\

~~~4-+M~/~s~S~u=n=c~icy~S=h=e=e=ffi~P_v_t_._L_td_.~ 1_.0_0~ ~ ~ ~~ ~ ~ -+ ~~Mis Suncity Strips & Tubes Pvt. Ltd. 1.00

1 2 6 7 8 9 101 Long term open accessA Distribution Licensees

JWNL (40%)AVVNL(28%)JdWNL (32%)

sub-total

B Traderssub-total

4 53

4458.40 193.98 N.A. N.A. 1037.79 N.A. N.A. 1037.793120.88 193.98 N.A. N.A. 726.46 N.A. N.A. 726.463566.72 193.98 N.A. N.A. 830.23 N.A. N.A. 830.2311146.00 2594.48 2594.48

sub-total

_____I_.

-: ~ ; / I I,! 1 !',' \( 'I

193.98 NA. NA. 55.87 - - 55.87193.98 NA. NA. 7.68 - - 7.68193.98 NA. NA. 64.01 - - 64.01

193.98 NA. NA. 0.23 - - 0.23193.98 NA. NA 0.23 - - 0.23193.98 0.23 - -

NA. NA 0.23

128.26 128.26551.00i. --i .----~~~:-----+---'-----_~----+~-~~-~

I i I I-~- 1"

MI s Associated Soap Stone Distributing~ 1.00__-~.__~C~o=.=P~v=t.~L~t=d~'_~ 4- ~ -+ +- +- +- -+ ~----~

.ro

-.----.-------~----~~~-.--.------ 1---

I \.\ I I~ ~. - '_' 1 t-- ~~ J..:..J 1.... , 1, \ , .I. l t

-t--r-'

Form TI2

Expected Revenue at Proposed Transmission Tariff

2 MI s HZL, Zawar N.A. N.A. - - - -3 Mis HZL, Dariba N.A. N.A. - - - -4 Mis RSWML N.A. N.A. - - - -5 MI s Shree Cement Ltd. N.A. N.A. - - - -6 Mj s Lafarge India Pvt. Ltd. N.A. N.A. - - - -

7 Mis Inox Air Product Ltd. N.A. N.A. - - - -

8 Mis NEl Ltd. N.A. N.A. - - - -

9 lEX N.A. N.A. - - - -

10 PXIL N.A. N.A. - - - -

11 pasco N.A. N.A. - - - -12 pasco I PGCIL N.A. N.A. - - - -

sub-total 0.00 0.00 0.00

Total 11697.00 2722.74 2722.74

--

Rs. Crore

Form T 13

Revenue Subsidy and Grant


Previous year Current year Ensuing Years. Particulars FY17 FY18 FY19 RemarksNo.

[Actuals/audited) Approved Estimated Anticipated

1 2 3 4 5 6 7

Revenue Subsidies &Grants

1 Subvention from State Government 0.00 0.00 0.00 0.00

2State Govt. Grant against addl. 'Interest 0.00 0.00 0.00 0.00Liability

3Any Other item (Subsidy and Grants on 0.16 0.00 0.00 0.00capital assets)Total 0.16 0.00 0.00 0.00

Form T14

Consumer Contribution, Capital Subsidy and Grant

Name of Petitioner RVPN (Transmission)Rs Crore.

Previous year Current year Ensuing YearS.No. Particulars FY17 FY18 FY19 Remarks

(ActualsJaudited) Approved Estimated Anticipated1 2 3 4 5 6 7

1Consumer's Contribution for service connection 13.97 0.00 16.01 16.01lines and associated wiring

2Any other Contribution by consumers or for 0.00 0.00 0.00 0.00consumers under any scheme.

3 Sub-Total 13.97 0.00 16.01 16.014 Subsidies towards cost of Capital Asset" 0.00 0.00 0.01 94.805 Grant towards cost of Capital Assets# 0.16 0.00 81.00 270.50

6Amount received from State Govt. under any 0.00 0.00 0.00 0.00scheme as grant J subsidy

7 TOTAL 14.13 0.00 97.02 381.31* Grant from National Clean Energy Fund (NCEF)

Grant from PSDF#

-

Form T15

Proposed improvement in performance


Performance parameters

S.No. Paritculars Actual for the Current year Ensuing Year Remarksprevious year

rv 17 FY18 FY191 2 3 4 5 61 EHVTrransmission lossesa) Within the State 3.35% 3.89% 3.89%2 System availabilitya) 400 KVSystem 99% to 100% 99% to 100% 99% to 100%b) 220 KVSystem 99% to 100% 99% to 100% 99% to 100%c) 132 KVSystem 99.75% 99.80% 99.80%

Name of PetitiionerYear(n-1)*

RVPN (Transmission)

Form T 16

Transmission Losses

S.No. Particulars UnitPrevious year Current year (FY18) Ensuing Year

FY17 Approved Estimated FY191 2 3 4 5 6 7

1 Energy input into the sysrtem

(a) Energy from the sources INtside the State (T-G interface) MU 50320.88

{b)Energy from the sources outside the State (State Periphery) excluding MU 23442.71outside state losses

(c) Total (a)+(b) MU 73763.59 85602.95 87636.46

2Energy transmitted to Discoms (including their direct EHT MU 71293.29 82273.00 82273.00 84227.40consumers being fed from RVPNlDiscom GSS)

3 Energy transmitted to open access consumers* MU 0.000

4 Energy transmitted for inter-state sale* MU 0.000

5 Intra-state transmission losses (1(c)-(2+3+4»/1(c» 3.35% 3.89% 3.89% 3.89%

-

Previous year (n-l) Current Year (n) Ensuing Year (n+l)S.No. Category FY17 FY18 FY19

(Actual/ Audited) Approved Estimated Anticipated

1 2 3 4 51 Distribution Licensees

Jaipur Discom 28517 31405 31405 32187Ajmer Discom 18536 21984 21984 22531Jodhpur Discom 22814 25124 25124 25750

sub-total 71293 78513 78513 80467

2 TradersTrader 1 .0 0 0 0Trader 2 0 0 0 0Trader 3 0 0 0 0

sub-total 0 0 0 0

~ 3 LTOAConsumer 1Consumer 2Consumer 3

sub-total U 3760 3760 3760

'-- ____ 1...._._ Tota I 7129~ H2271 H227i 84227-_. ._ ,- ,

(MU)

Form T17

Forecast of Electricity Transmitted (MU)


SLDCINDEX

S.No. Form No. Particulars1 2 31 Form S 1 Summary of Aggregate Revenue Requirement2 Form S 2 Operation and Maintenance Expenses3 Form S 2.1 Employee Expenses4 Form S 2.2 Administrative and General Expenses5 Form S 2.3 Repair and Maintenance Expenses6 Form S 3 Interest on working capital requirement7 Form S 4 RLDC Fees and Charges8 Form S 5.1 Fixed assets & provisons for depreciation FY 179 Form S 5.2 Fixed assets & provisons for depreciation FY 1810 Form S 5.3 Fixed assets & provisons for depreciation FY 19

I11 Form S 6.1 Loan Repayment & Interest Liability FY 1712 Form S 6.2 Loan Repayment & Interest Liability FY 1813 Form S 6.3 Loan Repayment & Interest Liability FY 19 I

II

14 Form S 7 Return on Equity !15 Income Tax Provisions

iForm S 8 I

i16 Form S 9 Non-Tariff Income I

!17 Fom1S 10 Summary of Revenue from current fee and charges !,

Rs. Lakh

FormSI


Name of Petitioner RRVPN (SLDC)


FYI7 FY18 FY19

5. No. ParticularsReference Approved as RemarksForm No.

(Actual/audited)perRERC Estimated Anticipated

Order dated26.05.2017

1 2 3 4 5 6 7

1 Expensesa) Operating Expenses

i) Employee expenses Form52.1 1106.60 1040.00 1184.29 1230.34

ii) Administrative and General Expenses Form52.2 118.86 121.00 84.14 88.51

iii) Repair and Maintenance Expenses FormS2.3 2.94 16.00 2.20 2.42

iv) Interest on Working Capital Form53 63.83 75.61 76.99 60.10

v) RLDC & NRLDC Fee and Charges FormS 4 1008.39 1905.00 1905.00 2000.25

b) Capital expense componentsi) Depreciation Form 5 5.1 74.76 177.00 131.58 216.77

ii) Interest and finance charges on term loan Form 56.1 90.00 102.00 70.70 267.90

iii) Return on equity FormS 7 12.84 4.14 4.14 8.14

~ c) Income Tax provision Form 58 0.00 0.00 0.00 0.00

~ Total Revenue Expenditure (a+b+c) 2478.23 3440.75 3459.04 3874.42

I~ Less: Non Tariff income Form 59 198.59 171.00 180.00 189.00- ------

4 Less: Income from other business 21.00 21.00 21.00

L,-r . _ _.{'..-~i.: r:- _. --; 'r I _ 'r--., r:;.'" " .;\"11 ;;,\h i! II ()ij I =l'-;~;..gC) I! Ilue-l.jU (JI r r j{_)- I { 1...."')iJin!~J:-:, I L.lelll_,j'!; I-

_,_---'-~'-')"'/ j

____.__. --' __ . ---J .~

.. '" "'I.'f j< ~ i ~, ,·_· -i ,"'·'1 ,-,~, - "', ., ...I

J_ ,,'\ l;-.lt---- ------.--,------------------.----------- ..----,! ..

FormS2

Operation and Maintenance Expenses

Name of Petitioner RRVPN (SLDC)Rs. Lakh


S.No. Particulars Approved as Remarks(Actuals/ audited)

per RERCEstimated (Anticipated)


1 2 3 4 5 6 7

a) Employee expenses 1106.60 1040.00 1184.29 1230.34

b) Administrative and General Expenses 118.86 121.00 84.14 88.51

c) Repair and Maintenance Expenses 2.94 16.00 2.20 2.42

Total (a) + (b)+(c) 1228.41 1177.00 1270.63 1321.26

*

-

--- -- ---- --~----------------------------------------------------------------------------------

____________________________________ Fo.;..r_m__;,S_2_.1 ·'_--JEmployee Expenses-----------------~~:...._-~---------------------

---,

Name of Petitioner RRVPN (SLDC)·.


::l.No. Particulars Approved as per j{i' illa!(Actuals/ RERC Order dated Estimated (Anticipated)audited)

26.05.2017r: - _,._--

I 2 3 4 5 6..,

I Employee's Cost (Other ThanCovered In 'III' & 'IV') · .I-

I Basic Salary 378.44 379,34 41727,- .- -

2 Additional Pay 0.00 0.00 0.00- · .

3 D.A. 475.94 509.90 560,89" - - .

4 House Rent Allowance 62.22 64.14 (lOO,- -- .

5 Other Allowances & Relief 9.03 9.50 !(1,45- -- -

6 Sub-Total: (1 to 5) 925.62 962.88 988.61- - - -

7 Medical Expenses Reimbursement 4.11 4.04 4.·l4- - -

8Travelling Allowance (Conveyance

0.00 0.00 (l,OO- Allowance)

9 Leave Travel Assistance 0.00 0.00 0,00- -

10 Honorarium/ Overtime 7.09 0.00 Cl.OO- _ ..--. -

u Load Despatch Allowance 0.00 0.00 (l,()01---- - .

12 Earned Leave Encashment 64.91 37.54 ,11.29- .- -

13 Payment Under Workman's0.00 0.00 0,00

,-Compensation - --

14 Any Other Item 0.03 0.00 Cl.110-- - .15 Arrears to Wage Revision 0.00 0.39 ()43

- - .

16 Sub-Total (7 to 15) 76.14 41.97 46.16.- - - -

17 Staff Welfare Expenses 0.93 0.70 o.oo- -

IIApprentice And Other Training

0.00 0.00 0,00---- Expenses

-- -

III Payment/Contribution To PF Staff

- Pension And Gratuity-- -

1 Terminal Benefits 0.00,---- - -a. Provident Fund Contribution 29.28 41.80 ·15.08.\-_ ... -

b. Provision for PF Fund 14.36 14,34 15.7T- --- o 00 r- ---c. Pension Payments 0.00 0.00-_. - -

d. Gratuity Payment on super annuation 25.81 37.00 .10701

- - . --.-e. SuperAnnuation Fund, If any 32.96 51.54 56.69

- -- -

f Any other terminal ,0.00 32.76 36.ll4

- . benefit(Encashment) ----_2 Any Other Items 0.93 0.34 CU7- .-- - -

Total III 103.34 177.78 195.56- - -

IV Grand Total [1.6 + 1.16 + 1.17 + II +1106.03 1183.33 1230.34

III]--. .. -'/ Incentive Payment 0.57 0.96 0,00- -'/1 Grand Total 1106.60 1184.29 1230.34,- .~.--

'/II Less Expenses Capitalised 0.00 0.00 U 001-

e \'G!}o.34Net Employee expenses 1106.60 1040.00 1184.29_.)y _._---

Rs i l. h-~

Ik~ I

~ ,jIiI

1,-;

i- --1----1

I;

__,J!

:--1

!1,

-- 1

-i--J

-- -l

\5V

Form S 2.2

Administrative and General Expenses _j'~--------------------------------------~~-------------------------Name of Petitioner RRVPN (SLDC)

Rs. L"kh--'j

IPrevious Year Current Year Ensuing Year

FY17 FY18 FY19S.No. Particulars Approved as per Rem,"

(Actualsj RERC Order dated Estimated Anticipatedaudited) 26.05.2017 ~1 2 3 4 5 6 /A) --Administration Expenses

Rent rates and taxesi) Rent 2.78 5.24 5.76ii) Rates & Taxes - -4.96 -5.46 ._-~

Sub - total of Rent rates and taxes 2.78 0.28 0.31iii)

.~

Insurance 0.06 - --

iv) Revenue Stamp Expenses, Telephone, 5.90 6.98 7.68P&T & Telex Chargesv) Legal Charges 0.02 0.06 0.07vi) Audit Fees - 0.00 0.00

-

vii) Technical Fees, Consultancy and Other - 0.00 0.00Professional Charges --

viii) Conveyance and Travel 7.11 5.00 5.50 -----ix) Electricity charges 2.55 1.46 1.61 -x) Vehicle Running & Hiring Expenses 21.85 14.12 15.53

xi) Vehicles Running Expenses Petrol And - 0.00 0001Oil'-

xii) Security j Service Charges Paid To64.45 47.28 52.01

Outside Agencies ~---..-

Sub-Total of Admistrative Expenses 104.72 75.18 82.7u-- .._ ...

-1---B) Other Charges - - - -----

l) Fee and Subscriptions Books And 0.05 0.06 0.0,'I Periodicalsii)

-Printing And Stationery 2.43 1.94 2.13 -_.. -

iii) Advertisement Expenses (Including - 0.04 0.04Purchase Related) Exhibition & Demo. --- .. -

iv) Water Charges 4.64 0.00 0.00--

v) Bank Charges 0.97 0.00 -vi)

.,,--

Miscellaneous EXQ_enses 3.43 3.24 3.56vii) Office Expenses 2.62 3.68 0.00

Sub-Total of other charges"_--_

14.14 8.96 5.81

._--C) Material Related Expenses - -

i) Incidental Stores Expenses - 0.00 0.0l).---

Sub Total of Material related expenses 0.00 0.00 D.DO

'-D) Total Charges 118.86 84.14 88.51

-

--E) Total Charges Chargeable To Capital

118.86 0.00 0.00Works-

Total Charges Chargeable to Revenue-

F) Expenses 118.86 121.00 84.14 88.51

,~'\

_l

Rs.Lakh

Form 5 2.3

Repair and Maintenance Expenses

Name of Petitioner RRVPN(SLDC)

-

Previous Year Current Year Ensuing YearFY17 FY18 .FY19

S. No. Particulars Approved as Remarks(Actuals I per RERC Estimated Anticipatedaudited) Order dated

26.05.2017

1 2 3 4 5 6 7

1 Plant & Machinery 1.00 0.84 0.92

2 Building 0.00 0.00 0.00

3 CivilWorks 0.00 0.00 0.00

4 Lines, Cables,Networks,etc. 0.00 0.00 0.00

5 Vehicle 0.30 0.16 0.18

6 Furniture& Fixtures 0.02 0.00 0.00

7 Office Equipment 1.62 1.20 1.32

8 StationSupplies 0.00 0.00 0.00

9 Miscellaneous 0.00 0.00 0.00

A Total Charges 2.94 2.20 2.42

~ B less: Expenses Capitalized 0.00 0.00 0.00

C Total Chargeable to R&Mworks 2.94 0.00 0.00

Total 2.94, 16.00 2.20 2.42:! I I ,

. "'~4~_' . - .~-~-_. -_. ~...'-~ . .•.~"._. ..-..-....- - -_-_ ....- , -.~.. .... "...._.. _l._. _--------,,-- ~----. -!-~-.~-.~--.__ ._.- -~--.---"" .... ,! t' ;. j\!

Form S 3



51.No.

1

Receivables equal to one and half monthsof average billing

Previous Year

FY17

(Actuals/Audited)

3102.37

184.26

284.96

30.61

540.97

11.80%63.830.006?$~,

Current Year

FY18

Approved as perRERCOrder

dated 26.05.2017

498.00

176.40

406.40

40.00

640.80

Estimated

5105.89

190.59

407.25

40.00

663.73

Ensuing Year

FY19

(Anticipated)

6110.11

264.25

190.55

524.91

40.00

Remarks

7

--

Particulars

21 O&M expenses

%~.1 Less~ Amount held as security deposits from\] 5 Users except security deposits held in the\~\ form of Bank Guarantees~; ~--~~~~~~~~~~~--------------+-----------~-------------+------------+-----------~------~, ';li

~ 6 Total Working Capital/;·7

~.~--~----------------------------------+-----------~-------------+------------+-----------~------~:0 7 Interest Rate 11.80% 11.60% 11.45%~'~---+----------------------------------+-------------r-----------~------------~-----------+--------~~ 8 Interest on Working Capital 75.61 76.99 60.10

2 Maintenance Spares

4

9 Actual for FY16-17rC('nCidc'H'd ,'" lll'r normativeI I

FormS4

RLDC Fees and Charges



S.No. Particulars FY17 FY18 FY19 Remarks

(ActualsJApproved as per

audited)RERC Order dated Estimated (Antici pated)

26.05.2017

1 2 3 4 5 6 7

1 NRLDCFees 0.00 0.00 0.00 0.00

2 NRLDC Charges 1008.39 1905.00 1905.00 2000.25

3 ULDC Scheme charges 0.00 0.00 0.00 0.00

4 NRPC Charges 0.00 0.00 0.00 0.00

5 Other Costs (related to RLDC), if any 0.00 0.00 0.00 0.00

" ll._Grand Total 1008.39 1905.00 1905.00 2000.25~

Rs Lakh

Form S 5.1

Fixed assets & provisons for depreciation


RRVPN (SLDC)

S.No. Assets Group (as per Rate of Gross fixed assets Provisions for depreciation Net fixed assets at Net fixed assetsnotification in respect of depreciation At the Additions Adjustment At the Cumulative upto Additions Adjustment Cumulative at the beginning of at the end of the

depreciation) beginning during the & deductions end of the beginning of during the during the the end of year the year yearof the year year the year year year year

1 2 3 4 5 6 7 8 9 10 11 12 13

1 Land & Land rights 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Building and Civil Works 3.34% 492.13 0.00 20.02 472.11 125.12 19.33 5.98 138.47 367.01 333.64

3 Hydraulic Works 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


5 Plant &Machinery 5.28% 1459.00 0.00 6.25 1452.75 866.18 43.01 2.15 907.04 592.82 545.71

6 Lines Cable Network etc. 0.00 0.00 4.87 -4.87 0.00 0.26 1.08 -0.82 0.00 -4.05

7 Vehicles 9.50% 16.96 0.00 0.00 16.96 15.27 0.00 0.00 15.27 1.69 1.69



10 Communication equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

11 SCADA and IT system 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

12 Other equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sub-Total (1) to (12) 2927.76 0.63 31.23 2897.16 1793.98 74.76 9.25 1859.49 1133.78 1037.67

Less Adjustment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total (1) to (12) 2927.76 0.63 31.23 2897.16 1793.98 74.76 9.25 1859.49 1133.78 1037.67

Rs Lakh

FormSS.2

Fixedassets& provisons for depreciation


RRVPN (SLDC)

S.No. Assets Group (as per Rate of Gross fixed assets Provisions for depreciation Net fixed assets Net fixed assetsnotification in respect of depreciation At the Additions Adjustment & At the end of Cumulative upto Additions Adjustment Cumulative at at the beginning at the end of the

depreciation) beginning of during the year deductions the year the beginning of during the year during the year the end of year of the year year

the year year

1 2 3 4 5 6 7 8 9 10 11 12 13

1 Land & Land rights 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2 Building and Civil Works 3.34% 472.11 346.09 0.00 818.20 138.47 22.89 0.00 161.36 333.64 656.85

3 Hydraulic Works 000 000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

4 Other Civil Works 0.00 0.00 0.00 0.00 0.00 0.00 000 0.00 0.00 0.00

5 Plant &Machinery 5.28% 1452.75 990.16 0.00 2442.91 907.04 26.47 0.00 933.51 545.71 1509.40

6 Lines Cable Network etc. 5.28% 4.87 3.29 0.00 -1.58 -0.82 0.34 0.00 -0.48 4.05 -1.10

7 Vehicles 9.50% 16.96 11.46 0.00 28.42 15.27 0.54 0.00 15.81 1.69 12.61




11 SCAD A and IT system 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

12 Other equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total (1) to (12) 2897.16 2000.00 4897.16 1859.49 131.58 0.00 1991.07 1037.67 2906.09

Rs Lakh

FormS 5.3

Fixed assets & provisons for depreciation


RRVPN (SLDC)

S.No. Assets Group (as per Rate of Gross fixed assets Provisions for depreciation Net fixed assets Net fixed assetsnotification in respect of depreciation At the Additions Adjustment & At the end of Cumulative Additions Adjustment Cumulative at at the beginning at the end of the

depreciation) beginning of during the year deductions the year upto the during the year during the year the end of year of the year yearthe year beginning of

year

1 2 3 4 5 6 7 8 9 10 11 12 131 JA1nd& Land righ ts 0 0.00 0.00 0.002 Building and Civil Works 3.3~% 818.20 259.57 0.00 1077.77 161.36 31.36 0.00 192.71 656.8;; 885.06

3 I Iydraulic Works 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


5 Plant & Machinery 5.28% 2442.91 742.62 0.00 3185.53 933.51 72.22 0.00 1005.73 1509.40 2179.81

6 LinesCable Network etc. 5.28% -1.58 2.47 0.00 0.89 -0.48 O.SO 0.00 0.02 -1.10 0.87

7 Vehicles 9.50% 28.42 8.60 0.00 37.02 15.81 1.SO 0.00 17.31 12.61 19.71




11 SCADAand ITsystem 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

12 Other equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total (1) to (12) 4897.16 1500.00 0.00 6397.16 1991.07 216.77 0.00 2207.84 2906.09 4189.32

Depriciation will be calculated on receipt of actual bifurcation of fixed assets for FY 19

Rs Lakh

FormS 6.1

LoanRepayment & Interest Liability


RRVPN (SLDC)

Opening Anticipited AnticipitedIntrest Rate

Closing Average Liability of Finance Total interest Less: Interest Net interest chargesS.No. Source Rate of intrest during charges and charges and finanaceBalance Receipts Repayment Fixed Floating Balance Intrest the year Charges Finance charges capitalised charges

1 2 3 4 5 6 7 8 9 10 11 12 13 141 Life Insurance Corporation 285.00 0.00 28.50 Fixed 256.50 10% 27.00 63.00 90.00 0.00 90.0023

4567 I8910

Total 285.00 0.00 28.50 256.50 27.00 63.00 90.00 0.00 90.00

Rs Lakh

Form S 6.2

LoanRepayment & Interest Liability

Nameof PetitionerFY18

RRVPN (SLDC)

Opening Anticipited Anticipited Intrest Rate Closing Average Liability of Finance Total interest Less: Interest Net interest chargesS.No. Source Balance Receipts Repayment Balance Rate of intrest during Charges charges and charges and finanace

Intrest the year Finance charges capitalised chargesFixed Floating

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1 Life Insurance Corporation 256.50 0.00 28.00 Fixed 228.50 10% 25.70 0.00 25.70 0.00 25.70

2 Others (3months) 1800.00 1800.00 10% 45.00 0.00 45.00 0.00 45.00

345

67

8910

Total 256.50 1800.00 28.00 2028.50 70.70 0.00 70.70 0.00 70.70

Rs Lakh

Form S 6.3



RRVPN (SLDC)

Opening Antici piled Anticipited Intrest Rate Closing Average Liability of Finance Total interest Less: Interest Net interest charges

S.No. Source Rate of intrest during charges and charges and finanaceBalance Receipts Repayment Balance Intrest the year

Charges Finance charges capitalised chargesFixed Floating

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1 Life Insurance Corporation 228.50 0.00 28.50 Fixed 200.00 10% 22.90 0.00 22.90 0.00 22.90

? Others 1800.00 0.00 1800.00 10% 180.00 0.00 180.00 180.00

3 Others (6 months) 1300.00 1300.00 10% 65.00 0.00 65.00 65.00

4

5678910

Total 2028.50 1300.00 28.50 3300.00 267.90 0.00 267.90 0.00 267.90

0'"o-

-

FormS 7

Return on Equity



FY17 FY18 FY19

S.No. Particulars Ref. Approved As

(Actuals j audited) per RERCEstimated Anticipated


1 2 3 4 4 5 6

1 Equity at the beginning of the year 107.00 107.00 107.00 307.00

2 Capitalisation 0.63 2000.00 2000.00 1500.00

3 Equity portion of capitalisation 0.00 200.00 200.00 200.00

4 Equity at the end of the year 107.00 307.00 307.00 507.005 Average Equity 107.00 207.00 207.00 407.00

Return Computation6 Rate of Return 12% 2% 2% 2%7 Return on Equity at the beginning of the year ROE*(I) 12.84 2.14 2.14 6.148 Return on Equity portion of capitalisation (on pro-

Roe*(3)j (njI2) 0.00 2.00 2.00 2.00rata basis)

9 Total Return on Equity (5)+(6) 12.84 4.14 4.14 8.14) 10 Actual Return on Equity (5)+(6) 12.84 4.14 4.14 8.14"",)-:7;0".-:-/Noh': 1. Return nil Fquitv ,-nnsidl'red during FY 201h-17 (a;12°'{,and FY 2017-1g &- FY 201~-lq (cij 2%

--

FormS8




S.No. Particulars Approved as Remarks(Actuals/ per RERC Estimated Anticipatedaudited) Order dated

26.05.20171 2 3 4 5 6 7

(A) Advance Tax assessed & deposited on ...

a) for Quarter I& deposited on 15th June 0 0 0 0

b) for Quarter II & deposited on 15th September 0 0 0 0

c) for Quarter III & deposited on 15th December 0 0 0 0

d) for Quarter IV & deposited on 15th March 0 0 0 0

Total (A) 0 0 0 0

(B) Deferred tax liabulity before 01.04.2009 0 0 0 0

Form S 9

Non-Tariff Income



S.No. Particulars Ref. Approved as(Actuals/ per RERC Estimated Anticipatedaudited) Order dated

26.05.20171 2 3 4 4 5 6

Non Tariff Income1 Interest on loans and advances to employees 0.00 0.00 0.002 Interest on loans and advances to suppliers/ contractors 0.00 0.00 0.003 Interest and other income from investments and deposits 0.00 0.00 0.004 Income from rent on land/building 0.00 0.00 0.005 Income from sale of scrap 0.00 0.00 0.006 Interest on subvention received from Govt. 0.00 0.00 0.007 Miscellaneous receipts 198.59 171.00 180.00 189.008 Rebate for early payment 0.00 0.00 0.009 Income from advertisement 0.00 0.00 0.00

Total Non Tariff Income 198.59 171.00 180.00 189.00

Form S 10

N.iUIleof Petitioner RRVPN (SLDC)

Ca~nt Year (Fr 18)(Rs. In lakhs)

5.No.

PartkuLor Previous Year (FY 17)

(Rs.lnl.akbs)

(Rs.1nl.akbs)

Ensuing Ye.. (FY 19)

Op ... tingCharges on

m.onthly basis

T..... SLoe CO~ FixedAnnualCharge. c.p..city Charg ••

AnnualSLDCFees"'Charge.

AnnualSLOe Fees«

Charges

SLoeOperatingCharges

Contracted Fixed Anna.dCapacIty Charge.

(Rs.lnl.akhs)

(Rs.lnl.akbs)

(0.MW) Rs. l.akb/MW Rs.l.akh/MW (Rs. In l.akhs) (0.MW) Rs.l.akh/MW Rs. l.akh/MW

10

N.A. N.A. N.A. 358.76 358.76N.A. N.A. N.A. N.A.

547.62

OperatingCharges on

DlOnthly basis

SLoeOperatingCharge.

T..... SLoe CO":,,,,",.';,.,"':'!. Operating Ann'" SLoe T.... SLoe

Charge. c.padty Charges ";::;":ls ~~"': = Charge. Remarl<s

(Rs.Inl.akhs) (0.MW) ~ Rs.1.akh/MW

(Rs.1nl.akhs)

(Rs.1nl.akhs)

(Rs. In l.akbs)

11 12 13 14 15 16 17 18 19 20 21Fee .utd Charges for System. Oper.a.tion

Iarpur Discom

Ajmer Discern

Jodhpur Disc-om

331.78

N.A.

N.A

N.A. N.A. N.A. 287.01 287.01N.A. N_A. N.A. N..A.

N.A

622.30 622.30 N.A. N.A. N.A. N.A. 68453 68453N.A. N.A. N.A. 251.13 251.13N.A. N.A. N.A. N.A.

o.ooN.A.

H5.61 435.61N.A. N.A. N.A. N.A. 479.17 479.17497.8-1 497.84 N.A. N.A. N.A. 5-I7.h2N.A.

N.A N.A. N.A. N.A. NA NA N.A N.A. N.A. N.A.

210.27 210.271--I-------

0.00 0.00 N.A N.A. N.A. N.A. 0.00OtherLongtermUSN'" (Plt'd<';!>"I""'>t irv)-OAC N.A N.A. N.A N.A 39.29 39.29N A N.A N.A. N.A N.A. N.A. N.A.

191.15 191.15 N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.Other Transrrusston Laceno•."_~ I 3:\7.n504

~. [Short h'nn OAC ~+N::.·.:..:A:...._-+1 "::.·.:_:A:_.__ -1f'-N:..:.A::..~ +N:..:.A::.. -+__ ........:1:..:7:..:.77+_~...:1::.7.:.:.77+N:.:..A........:_+N:_:.A:_:.+N:_:.::.A::.. -1::.N::.'.A::..__ --IlEX /IPX N.A. IN.A. N.A. N.A. 662.67 662.67 N.A. N.A. N.A. N.A.

Discoml

Charges for decrston support system and IT Infnlstructun!

N.A.

N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A.

N.A.

N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.b Dtscom2 N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N,A.

Discom S

d Gt.~ner<llinr.Company 1

Other Long term Users (Please sp&'i{y)

N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A.

Dtscom 1

Operating Cbarges for Scheduling. Mt"tlPring.andSfoWement

N.A.


N.A.

N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.Discom2 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.Dtscom 3 N.A. N.A. N.A. N.A N.A. N.A.' N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.CPneratinp, Company 1 N.A. N.A. N.A. N.A.N.A. N.A N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.Trdding Comparues N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

.--,#~- ~

'\~

Other third party transactions

Any other user (Please spt't-,fy)OA

N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

Other Revenue


Consuhancv services

N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

2259.37161hh--lN A

N.A.N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.Manpower development

N.A. N.A. N.A. N.A. N.A. NA N.A. N.A.

N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.Miscell<lneou~Re~eipt

Nt'lPntlr Penod u·t'dil

ToLd (1+2+3-1-4)


N.A. N.A. N.A. N.A. 0.00 000 0.00 0.00

N.A. N.A. N.A. 0.01.)N.A 0.11(.1 tWO 0.00

N..\. N.A. N.A. ~.:\. 161h.h--INote ~Ig-urefor FY 18 as provided D\, RVPN dnd for FY 19 are mcrf'aSE'dhy to'%_. From. Transmission

.Power rr.msmision in MW 1&-17 17-18 18-19

0.00 om 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00tWO tWU 0.00 OJlI 0.011 lUlU O.ll} O.'-kl n.m 0110

N.A. -....;.A 17-Ui.90 N.A.. N.A. N.A 2259.1:"

~~~\~~~

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4.

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COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF'INDIA UNDER SECTION 143 (6)(b) READ WITH SECTION 129(4) OF THECOMPANIES ACT, 2013 ON THE CONSOLIDATED FINANCIALSTATEMENTS OF RAJASTHAN RAJYA VIDYUT PRASARAN NIGAMLIMITED FOR THE YEAR ENDED 31 MARCH 2017

The preparation of consolidated financial statements of Rajasthan Rajya

Vidyut Prasaran Nigam Limited for the year ended 31 March 2017 in accordance

with the financial reporting framework prescribed under the Companies Act,

2013(Act) is the responsibility of the management of the company. The statutory

auditors appointed by the Comptroller and Auditor General of India under section

139(5) read with section 129(4) of the Act are responsible for expressing opinion on

the financial statements under section 143 read with section 129(4) of the Act based

on independent audit in accordance with the standards on auditing prescribed under

section 143(10) of the Act. This is stated to have been done by them vide their AuditReport dated 28 August 2017.

I, on behalf of the Comptroller and Auditor General of India, have conducted

a supplementary audit under section 143(6)(a) read with section 129(4) of the Act of

the consolidated financial statements of Rajasthan Rajya Vidyut Prasaran Nigam

Limited for the year ended 31 March 2017. We conducted a supplementary audit of

the financial statements of Rajasthan Rajya Vidyut Prasaran Nigam Limited, Hadoti

Power Transmission Service Limited, Thar Power Transmission Service Limited,

Banner Power Transmission Service Limited, Lake City Transmission Service

Company Limited and Pink City Transmission Service Company Limited but did not

conduct supplementary audit of the financial statements of Banswara Thermal Power

Company Limited, Barmer Thermal Power Company Limited and Keshoraipatan

Gas Thermal Power Company Limited for the year ended on that date. This

supplementary audit has been carried out independently without access to the

working papers of the statutory auditors and is limited primarily to inquiries of the

statutory auditors and company personnel and a selective examination of some of theaccounting records .

Based on my supplementary audit, I would like to highlight the following

significant matters under Section 143(6)(b) read with section 129(4) of the Act

which have come to my attention and which in my view are necessary for enabling a

better understanding of the financial statements and the related Audit Report:

..."""~"".,""""t.;""-""""""""""""""..,"

B.

A. Comments on Consolidated Financial PositionConsolidated Balance Sheet(l)LiabilitiesNon-Current LiabilitiesDeferred Revenue (Note No.23) ~ 421.12 crore

The above is overstated by ~149.61 crore due to inclusion of unspent funds

received towards KFW Grant ~146.88 crore) and Power System

Development Fund Schemes I and II ~2.73 crore} from Ministry of New &

Renewable Energy, Government of India for improvements in electricity

transmission system. Consequently, Current Liabilities is understated to thesame extent.

(II)AssetsCurrent AssetsTrade Receivables (Note No.10) ~ 1398.56 crore

The company received ~197.45 crore from Power Grid Corporation of India

Limited (PGCIL) on account of Yearly Transmission Charges (YTC), already

billed during the period 2014-15 to 2016-17. The company adjusted only ~

122.20 crore (~71.82 crore in 2015-16 & ~ 50.38 crore in 2016-17) from the

'Trade Receivable' and remaining amount of ~ 75.25 crore was treated as

'Transmission Revenue' in the Financial Year 2015-16. This has resulted in

overstatement of 'Trade Receivable' and overstatement of 'Other Equity(Surplus)' by ~ 75.25 crore.

Comments on Consolidated ProfitabilityConsolidated Statement of Profit and Loss(I)RevenueOther Income (Note No. 31) ~ 62.12 crore

(i)The above does not include ~ 24.49 crore (after adjustment of ~ 5.80 crore

of depreciated value of fixed assets of Satpura Thermal Power Station) being

net share of sale of shared projects with Satpura Thermal Power Station. This

has resulted in understatement of 'Other Income' by ~ 24.49 crore,

overstatement of 'Non-Current Assets' by ~ 5.80 crore and overstatement of

Current Liabilities (Other Financial Liabilities) by ~ 30.29 crore.

Consequently, profit is understated by ~ 24.49 crore. Further, the qualification

given in para No. 1 of Annexure-A of Statutory Auditor's Report is not

correct, as Madhya Pradesh Power Generation Company Limited has already

provided (February 2017) the details of share amount of sold un~AAf Satpura/7_ \~??to the company. LV ;vY~t\~$\eef\ \nllt , k,I

t\Qit\~ \0.\ .loay-. e~\{\\e. 'J?~.\:SU$ R~"

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(ii) The above includes ~ 5.92 crore related to deposit works of

Mis Dedicated Freight Corridor Corporation of India Limited which were

completed in year 2014-15 and final bill and revised final bill were issued in

September 2014 & February 2016 respectively. Since, deposits works had

already been completed in the year 2014-15 for which final bills were also

issued in the previous years, hence, according to the Ind AS-8 and the policy

approved by the Board of Directors of the Company, the income was to be

accounted as 'prior period income' in the current year accounts. This has

resulted in overstatement of 'Other Income' and understatement of 'Other

Equity (Surplus), by ~ 5.92 crore. The profit for the year has also beenoverstated to that extent.

\(II) Expenses(i) Generation & Other Direct Expenses (Note No. 32) ~ 20.41 crore

The above is understated by ~ 7.51 crore due to non- inclusion of Net O&M

Expenditure of Satpura Thermal Power Station for the year 2015-16. This has

resulted in understatement of Current Liabilities (Other Financial Liabilities)and overstatement of profit by ~7.51 crore.

(ii) Repairs & Maintenance Expenses (Note No. 33) ~ 133.38 crore

The above is understated by ~ 28.21 lakh due to non-accountal of liability

towards seven repair & maintenance works completed by various contractors

up to March 2017. This has resulted in understatement of Current Liabilities

(Other Financial Liabilities) and overstatement of profit by~ 28.21 lakh.

(iii) Depreciation and Amortization Expenses (Note No. 36) ~ 734.55crore

The company incorrectly charged depreciation amounting to ~ 47.66 crore

~ 25.66 crore upto the period March 2016 and ~ 22 crore for the period April

2016 to January 2017) on items valuing ~ 437.67 crore completed up to

March 2016 but commissioned in January 2017 in respect of construction

works of 765 KV GSS Phagi (along with associated works). Further, the

company also incorrectly charged depreciation amounting to ~ 3.41 crore

instead of~ 2.32 crore on the remaining amount of~ 212.69 crore capitalized

in current year. Incorrect accountal of depreciation has resulted in

overstatement of depreciation and amortization expenses by ~ 23.19 crore and

understatement of 'Other Equity (S(flus)' and '~rOD~!\l.f,&~)ant &/~ "-\,{I\(\eef,

j...fr .d\nQJ:. ~ y:'\f~)1C'u'nerin\en . 'J") htl\(.\.. V \V t' R.B.. I ,\

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Equipment' by ~ 25.66 crore and ~ 48.85 crore respectively. Consequently,Profit has been understated by ~ 23.19 crore.

C• Comments on Disclosure

(i) The disclosure given in Note No.34.4 (v) of Notes to Financial Statements

is incorrect as the company has not ascertained the pension liabilities of other

successor companies and has thus carried on making provision based on the

historical figures (as on 19.07.2000). In the process, the company has not

completely provided for the current year liability of its own employees (as

assessed through actuarial valuation). Further, the note is also incorrect as

Government of Rajasthan had not 'decided upon implementation of

7th Pay Commission upto the date of fianalisation of financial statements.

(ii) The Company has failed to make disclosure of depreciation rates as per

requirement of Para 75 ofInd-AS 16 (Property, Plant & Equipment),

For and on the behalf ofthe Comptroller and Auditor General of India

'3-\ ~.1\~ ~-fPlace:-JaipurDate:- u1'1.'rr

(Anadi Misra)Accountant General

(Economic & Revenue Sector Audit)Rajasthan, Jaipur

RAJASTHAN RAIYA VIDYUT PRASARAN NIGAM LIMITED

AGEMENT'S RESPONSE TO THE COMMENTS OF THE C&AG 0 NTHE CONSOLIDATED FINANC!AL STATEMENTS FOR THE FINANCIALYEAR 201()-17.

A. Comments on Financial Position

Balance·Sheet

(I) Liabilities

The depiction in proper head shall be made in the FinancialStatements of 2017 -18.

(II) Assets

The necessary adjustment entry will be made in the financialyear 2017-18.

B. Comments on Profitability

Statement of Profit and Loss

Ul Revenue

(i) The necessary entry will be made in the financial ye ar2017-18 ..

(ii)The content of the audit observation is noted f'orcompliance in future .

. ,.un Expenses .

(i) The necessary entry will be made in the financial year2017-18.

(ii)Efforts would be made to make accounting more accuratein future with the help of SAP.

\,0

--.---

(iii) The depreciation wrongly charged will be rectified in thefinancial year 2017-18.

C. Comments on Disclosure

(i) The content of the audit observation is noted for properdisclosure in financial statements for the year 2017-18.

(ii) Complete disclosure shall be given from the next FinancialStatements of the RVPN.

!-...

Place: JaipurDate: 14.12.2017

Onbehalf of theBoard of Directors

-~~~

Chairman &Mahaging ntrector.RVPN

'1 \

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INDIAN AUDIT AND ACCOUNTS DEPARTMENTOFFICE OF THE ACCOUNTANT GENERAL(ECONOMIC & REVENUE SECTOR AUDlT)RAJASTHAN

JANPAT,JAIPUR-J01005

200Cli IDate ...L~/.r.!:::J..:O1:)-

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Phone.:0141-2385431-39 Fax.: 91-0141-2385230 E-mail.: [email protected]

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COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OFINDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT, 2013 ONTHE FINANCIAL STATEMENTS OF RAJASTHAN RAJYA VIDYUTPRASARAN NIGAM LIMITED FOR THE YEAR ENDED 31 MARCH 2017

The preparation of financial statements of Rajasthan Rajya Vidyut Prasaran

Nigam Limited for the year ended 31 March 2017 in accordance with the financial

reporting framework prescribed under the Companies Act, 2013 (Act) is the

responsibility of the management of the company. The Statutory Auditors appointed

by the Comptroller and Auditor General of India under Section 139(5) of the Act are

responsible for expressing opinion on the financial statements under Section 143 of

the Act based on independent audit in accordance with the standards on auditing

prescribed under Section 143(10) of the Act. This is stated to have been done by themvide their Audit Report dated 28 August 2017.

I, on behalf of the Comptroller and Auditor General of India, have conducteda supplementary audit under Section 143(6)(a) of the Act of the financial statements

of Rajasthan Rajya Vidyut Prasaran Nigam Limited for the year ended 31 March

2017. This supplementary audit has been carried out independently without access to

the working papers of the Statutory Auditors and i.s limited primarily to inquiries of

the Statutory Auditors and company personnel and a selective examination of some of

the accounting records. Based on my supplementary audit, I would like to highlight

the following significant matters under Section 143(6)(b) of the Act which have come

to my attention and which in my view are necessary for enabling a betterunderstanding of the financial statements and the related Audit Report:

A. Comments on Financial PositionBalance Sheet(I)LiabilitiesNon-Current LiabilitiesDeferred Revenue (Note No.23) ~ 421.12 crore

The above is overstated by ~149.61 crore due to inclusion of unspent funds

received towards KFW Grant ~146.88 crore) and Power System

Development Fund Schemes I and II ~2.73 crore} from Ministry of New &


transmission system. Consequently, Current Liabilities is understated to the. ~~~same extent. ~~~c-:/' e.r-.~~~rt.~i\~\-~~~\..\~., \73

• ~~\e~"\\:<~'~~~ ~~.

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Limited (POCIL) on account of Yearly Transmission Charges (YTC), already


122.20 crore (~ 71.82 crore in 2015-16 & ~ 50.38 crore in 2016-17) from the


'Transmission Revenue' 'in the Financial Year 2015-16. This has resulted in

overstatement of 'Trade Receivable' and overstatement of 'Other Equity(Surplus)' by ~ 75.25 crore.

B. Comments on ProfitabilityStatement of Profit and Loss(I)RevenueOther Income (Note No. 31) ~ 63.90 crore



net share of sale of shared projects with Satpura Thermal Power Station. This

has resulted in understatement of 'Other Income' by ~ 24.49 crore,

overstatement of 'Non-Current Assets' by ~ 5.80 crore and overstatement of





provided (February 2017) the details of share amount of sold units of Satpurato the company.


Mis Dedicated Freight Corridor Corporation of India Limited which were




issued in the previous years, hence, according to the Ind AS-8 and the policy

approved by the Board of Directors of the Company, the income was to be J

accounted as 'prior period income' in the current year accouru~'\>..\Thishas (!J/1~f(f(resulted in overstatement of 'Other Income' and unde~~~m~mt of 'Other 'S"

()-'v»: &~~~.; \..\6 j". \ 7 I ... ~fx\e~\l 'J? \~ I

M~e 9,"·J,.., , ,

Equity (Surplus)' by ~ 5.92 crore. The profit for the year has also beenoverstated to that extent.

\-(II) Expenses(i) Generation & Other Direct Expenses (Note No. 32) ~ 20.41 crore


Expenditure of Satpura Thermal Power Station for the year 2015-16. This has

resulted in understatement of Current Liabilities (Other Financial Liabilities)and overstatement of profit by ~7.51 crore.

(ii) Repairs & Maintenance Expenses (Note No. 33) ~ 133.38 crore



up to March 2017. This has resulted in understatement of Current Liabilities

(Other Financial Liabilities) and overstatement of profit by~ 28.21 lakh.

(iii) Depreciation and Amortization Expenses (Note Nq. 36) ~ 734.53crore


~ 25.66 crore upto the period March 2016 and ~ 22 crore for the period April

2016 to January 2017) on items valuing ~ 437.67 crore completed up to

March 2016 but commissioned in January 2017 in respect of construction

works of 765 KV GSS Phagi (along with associated works). Further, the


instead of~ 2.32 crore on the remaining amount of~ 212.69 crore capitalized


overstatement of depreciation and amortization expenses by ~ 23.19 crore and

understatement of 'Other Equity (Surplus)' and 'Property, Plant &


o






completely provided for the current year liability of it~~\~ ~~mployees(as

~~~~~. : ) '75. 0(\" ,',:.-<:::I.'.?" I.


Government of Rajasthan had not decided upon implementation of



requirement of Para 75 ofInd-AS 16 (Property, Plant & Equipment).


.3H~~{Place:-JaipurDate:- ,.2.'12."1--



o

. '\-\

·t

RAJASTHAN RAIYA VIDYUT PRASARAN NIGAM LIMITED

MANAGEMENT'S RESPONSE TO THE COMMENTS OF THE C&AG ONTHE STANDALONE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR2016-17.


Balance Sheet

(I] Liabilities


(II) Assets

The necessary adjustment entry will be made in the financialyear 2017-18.



ill Revenue

(i) The necessary entry will be made in the financial ye ar2017-18.

(ii)The content of the audit observation is noted forcompliance in future.

00" Expenses


[Il] Efforts would be made to make accounting more accura.tein future with the help of SAP.

\17

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(iii) The depreciation wrongly charged will be rectified in th efinancial year 2017-18.


(i) The content of the audit observation is noted for properdisclosure in financial statements for the year 201 7-18.


,,(.,,

On behalf of theBoard of Directors

Place: [aipurDate: 14.12.2017 ~~

Chairman &Managing DirectorRVPN

: Rajaslhan Rajya Vldyut Prasaran Nigam Ltd.'-'

(A Government of Rajasthan Undertaking)

17th Annual Accounts (Standalone)

2016-17

• StolKfalone

•••••••••••••••••••••••••••••••••••...-

RAJASTHANRAJYAVIDYUTPRASARANNIGAMLIMITEDJAIPUR

CIN: L40109RJ2000SGC016485

STANDALONEBALANCESHEETAS AT 31st MARCH,2017

(b)CapitalWOrk-ln-Progress

(c) IntangibleAss€ts

(d)FinancialAssets

(i) Investments

(iii Others

(e)DeterredTaxAssets (Net)

(I) OtherNon-CurrentAssets

r- ----~-.------------------- ,-.----,- ....--.-.-.---.--.- -------.----lParticulars Note No. As at 31st March 2017 As at 31st March 2016 As at 1st April 2015

f-- ASSETS------ ------- - 11) Non-Current Assets ........ I

(a)Property,Plantand Equipment 1,259,95377 1,074012 15 I 991,176.52

394,617.69 460,871691 394,468.30

1,05212 I,OO~481 1,084.08

001 0011 001889218 8944 6n 11,91338

1269651 12371601 8647471

.1§!fj_12 £a_~~~~- 1,557,2086i -----, 4072srn

2

3

4

6

Total Non- Current Assets-~----.------

2) Current Assets

(a) Inventories

(b)FinancialAssets

(i) Investments

(ii)TradeReceivable

(iiil Cashand CashEquivalents

(iv) Bankbalancesother than (iii)above(v) Loans

(vi)Others

(c)CurrentTaxAssets (Netl

~Other CurrentAssets~~Current Assets

9 3,59787 1,12606 25.0010 139,85628 124,23341 97,3332911 18.48112 32,912.65 22,2916112 2947 29.4713 5,784.27 5,748.55 5.133.9714 45,973.18 68,71180 67,3649415 31,44562 15,95380 11,126.9016 2,480.93 2,980.09 3,233.20

247619.27 251 695.84 207138,38

(Amount in Lakhs

Total Assets

18.- ------ ..- .--~- t-- .--..--.......-----_._.__ ._--- _ .._---

I EQUITYAND LIABILITIES

IEQUITY

(a)EqUitySharecapital

(b)OtherEqUityIT~;;'iEq_;;-,ty -r ---- - ---Ii LIABILITIES

1) i Non-CurrentLiabilitiesI (a)hnancial LiabilitiesI (I) Borrowinqs 19 1.021,57212 943,489.13 i 852,97593;

1

(ii)OtherFinancialLiabilities 20 11,14308 9,045.50 I 4.49028 I(bl Provisions 21 22,186.05 19,087.981 16,957261

I(cl O.therNon-Current Liabilities 22 53,645.50 50,925.03 45,676.85i.(d) DeterredRevenue 23__ j----. 42,112.01 27,814.16 23'523'5JI_T~o~t~a~IN~o~n~.~c~ur~r~en~t~l~ia~b~il~it~ie~s~~~-----i--------..~58.!6 105036!~r-- 943,623.86

2) Current Liabilities

(a)FinancialLiabilities

(i)Borrowings 24 8.541.57 - 10.054.26

(ii) TradePayables 25 1,218.62 1,218.62 1.218.621(iii)OtherFinancialLiabilities(otherthan thosespecifiedin item (c) 26 289,368.15 261,220.13 237.080.63

(b)OtherCurrentLiabilities 27 7,185.91 8,11649 6,816131

(c)Provisions 28 199.758.27 240,59638 230.125.57

~t~~=r:~:_=:_-e~:-:~-I:-~:-~es-~-(N_.~_t_)~~~~.-_~~ 29 . :-:~~-=-~_506'07~!.1--=--:-,--.-5i115ill-----~"Ii'1L__ Total Equity and Liabilities I 1,924,831,55.. 1,808,904.45 1,614,428,1!j

L_ f~~~~~~~~:~~~~N~TtG_P_O_L_IC_t_ES_A_N_D_~_o_rE_S_O_N_--,--__I&._II_L.__ -----J =c l

Place:JaipurDate 28.08.2017

17

Fort behalfof the RVPNLtd.

~(AshokPradhan)

Director(Finance]- C~O

DI~~

(VijayMathur)",..-CompanySecretaryMNo.FCS3509

-J)

t;t .a .. I[Sanja horra)

Chairman& M glng Dlret.tOfDIN 00992744

~ur)

---

••••••••••••••••••••••••••••••••••••.,

RAJASTHAN RAJYAVIDYUT PRASARAN NIGAM LIMITEDJAIPUR

GIN: L40109RJ2000SGG016485

Stalldolone

STANDALONE STATEMENT OF PROFIT AND LOSSFOR THE YEAR ENDED 31s1 MARCH 2017

200.00 \ 6.597.05- I (644)1- I - i

f-- __. l_________ ..- -------11-----._. 1,'-",2~-'5'_'3_'_.4.'_'_7j . ?_?2497·~E3_i

I I- \ (2203375)\

• I 470235 \

f.----------k (~~J8]165.9€31

077L-. -L__ L- J_ __

Particulars

Revenue:Revenue From OperationsOther Income

Total Revenue

Expenses:Generation & Other Direct ExpensesRepairs & MaintenanceEmployee Benefits ExpensesFinance CostsDepreciation and Amortization ExpensesAdministrative and Other Expenses

Total Expenses

Profit I (Loss) Before Exceptional Items and Tax

Exceptional Items:

Profit I (Loss) Before TaxPrior Period Income/(Expenses)

Profit I (Loss) Before Tax

Tax Expense:Current TaxIncome Tax (Earlier year tax)Deferred Tax

Protit I (Loss) for the year

Other Comprehensive Income:-.A(i) Items that will not be reclassified to profit or loss

(ii) Income tax relating to items that will not be reclassifiedto profit or lossB (i) Items that will be reclassified to profit or loss

(ii) Income tax relating to items that will be reclassified toprofit or loss

Total

Total Comprehensive Income for the year

Earnings Per Equity ShareEquity Share of Par Value ~10/- Each(1) Basic & Diluted

(Amount in Lakhs)N-;;te--FFor the year ended 31st I For the year ended 3~No March 2017 1 ' March 2016 [

30 I 24517093 271.1547931 I 638957 11.045.23

~-.----------------251,560.50 282,200-02

1.1586911.9738356.026.9173,825.4668,513.6838,613.49

323334353637

2,040.7813.338.1837,846.7087,841.3173,452.7835,587.28

r------------2-5-0-,1-0-7.-0-3+-------~25~0~,1-1~2~.0~6~

~--------------~------------------~~1,453.47 32,087.96

32,087.961,453.47

f-------------I·------------ 32,087.96I

1,453.47

1,253.47

38

0.03

For & on behalf of the RVPN Ltd .~~._i .vi~~1(Sanjay 1alhotra)

Chairman& ManagingDikctorDIN:0099 4

(Ashok Pradhan)Director(Finance)- CFO~;5

(Vijay Mathur('CompanySecretaryM.No.FeS 3509Place Jaipur

Date' 28.08.2017

ChiefControllerof Accounts

\ '6 \

~ ••••• e •• e .•••••••••••••••••••••••••••~

Standalone

RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITEDJAIPUR

CIN: L40109RJ2000SGC016485

STANDALONESTATEMENTOF CHANGESIN EQUITY

For the year ended 31st March 2017

A Equity Share Capital (Amount in Lakhs)

Balance as at 1April 2016 Changes in equity during Balance as at 31 March Ithe year 2017

354,200.00 43,904.00 398,104.00I

B Other Equity (Amount in Lakhs)

Share application money Reserve and surplusParticulars pending allotment

TotalCapital Reserve Retained Earnings

Balance as at 1 April 2016 28,416.00 203.46 (135,428.43) (106,808.97)Profit for the period - - 1,253.47 1,253.47Other ComprehensiveIncome - - - -Total Comprehensive Income - - 1,253.47 1,253.47Transfer to RetainedEarnings - - - -ShareApplication Moneyreceivedduring 19,455.77 19,455.77the year - -

Issueof Share Capital (43,904.00) - I - (43,904.00)Balance as at 31 March 2017 3,967.771 203.46 (134,174.96) (130,003.73)

As per our Audit Report of even dateFor S.Singhal & Co.

Chartered AccountantsFRN: 001526C

For & on behalf of the RVPN Ltd.

~~(Ashok Pradhan)

Director (Finance)- CFODIN~05

(Vijay Mathuf'jCompanySecretaryM.No. FCS3509

.zc:Chairman& ManagingDirector

~2744

~~hUr)Chief Controllerof Accounts

PlaceDate 28.08.201('

~ ..~

Standalone


CIN: L40109RJ2000SGC016485

STANDALONE STATEMENT OF CHANGES IN EQUITY,

For the year ended 31st March 2016

A. Equity Share Capital (Amount in Lakhs)

Balance as at 1 April 2015 Changes in equity durinq Balance as at 31 Marchthe year 2016

328,900.00 25,300.00 354,200.00

B Other Equity (Amount in Lakhs)

Share application money Reserve and surplusParticulars Totalpending allotment Capital Reserve Retained Earnings

Balance as at 1 April 2015 - 203.46 (143,594.40) (143,390.93)Profit forthe year - - 25,497.36 25,497.36Other Comprehensive Income - - (17,331.39) (17,331.39)Total Comprehensive Income - - 8,165.96 8,165.96

-Share Application Money received during 53,716.00 - - 53,716.00the yearIssue of Share Capital (25,300.00) - - (25,300.00)Acquisition of a Subsidiary - - - -

Acquisition of Non-Controlllnq Interests - - - -Balance as at 31 March 2016 28,416.00 203.46 (135,428.43) (106,808.97)

For & on behalf of the RVPN Ltd.

~~

M.No. 074661

(Ashok Pradhan)Director (Finance) - CFO

DIN:~05

(Vijay MathU1'f'Company SecretaryM.No. FCS 3509

.2A.j~J)(Sanjay tJialhotra)

Chairman & Managing Director

~4

~.Mathur)Chief Controller of Accounts

Place: JalpurDate. 28 OS 2017

••••••••••••••••••••••••••••••••••••

. RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM UMITEDJAIPUR

CIN: L40109RJ2000SGC016485STANDALONE STATEMENT OF CASH FLOWS FORTHEYEAR ENDED ON 31ST MARCH 2017

Stotrdotone

(Amount in Lakhs)

(11,974.73;

Particulars Current Year Previous Year I31st March 2017 31st March 2016 j~----~·---t-~~~~-~-T--~~'~~~--I

1,25347 8,16596200.00 1,88825;

(A) Cash flows from operating activities:Net profit after taxationAdd Provisionfor TaxationNet profit before taxationLess:Differentiallnterest Subventionon World Bank LoanLess:Subventionfrom Stamp DutyLess Deferred income written oackAdd:Loss on Sale of Property,plant & equipmentsLess:Profit on Sale of Property, plant & equipmentsAdd Exceptional ItemAdd DepreciationAdd:lnterest & Finance chargesAdd:Preliminary Exp.Written-OffLess:lnterest Income from Investments/DepositsOperating profit before working Capital Change

1,453.47 10,054.22192 12 (195.48)

(HI2.84) (1,37597)1249.72 569 '(111 94)

(B) Cash Flow from Investing Activities:Purchase of Property, plant & equipmentsSales of Property, plant & equipmentsPurchase of IntangibleAssetsCapital Work In ProgressInteresl Income from Investments/DepositsPurchase of Investmentsl DepositsNet cash From Investing activities (B)

73.4527887,841.31

8.02(1,65B.38)

68,513.6873,825.46

1787(1,664.65)

159,914.27 149,180,81

(Increase)/Decreasein Trade Receivables(Increase)/Decreasein Other CurrentAssets(Increase)/Decreasein Loans & AdvancesIncrease/(Decrease)Current Liabilities & Provision

(15,622.87)7,295.00

(35.73)(2,357.14)

(10,720.73)

(26,900.13)(8,588.65)

(14.57)45,234.439,731.09

Net Cash from Operating Activities (A) 149,193.54 158,911.90

(238,719.10) .249.25(43.64)

75,688 201 658.38

(15.00)

(149,685.40)5.69

76.60(36,533.50)1,66465

(161,181.91) (184,472.97)--~'--l161 40870 I

(18,322 -11'1i

(C) Cash Flow from Financing Activities:Receipts from Long term LoansRepaymentof Long term LoansReceipts from Short term LoansRepaymentof Short term loansDifferential Interest Subventionon World Bank LoanSubvention from Stamp DutvContribution,Grants, Subsidies towards Cost of CapitalAssetsReserve FundCreatedShare CapitalInterest& FinanceCharges PaidNet cash from financing activities (C)Net Increasel (Decrease) in cash and cash equivalents (A+B+C)

142.51311(67735 96)

8,500~OO.'I

(9212)I

i19S481

iI

5,66659 i

53Jw.oo~1(105,31062)

15,710.69

19,455.77(118,337.84)

13,65 37,293.7411,732.671

I.34,023.72 . . 22,291.05j22,048.99 34,023.72

'--------------------------- c_L .1--'-''---, 1,-,-"9,,-7.4,,,.-,---,7,}1._~ ._.______l_l2l~7_

Cash and cash equivalents at beginning of periodCash and cash equivalents at end of period'

• Cash and cash equivalents at the end of period includes:Particulars rcurrent Year Previous Year --.--j

Balanceswith banks (Including BankOD) 18,404.12 9,026 95Cash on hand 6244 14.24Remittances in Transit 4 07 2 32 ICash Imprestwith Staff 005 074jPostageStamps in hand 0 92 0.14Investment in Mutual Funds' I . 3,567871. 1,111 06I:_ixedDeposits 9.52 _l3,868~Total _ 22,048.99 . __ ~92~'An investment in mutual funds is considered as cash equivalent as it has a short maturityof three months or less from the date of acquisition

As per our Audit Report of even dateFor S.Singhal & Co.

For & on behalf of the RVPN Ltd.l '~~) - (sanja:i::,l

Director (Finance)- CFO Chairman& ~kging DirectorDIN~ ~92744

(Vijay Mathur) /' ~athUr)CompanySecretaryM.No. FCS 3509

Chief Controller of Accounts

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RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITED

JAIPlJR

Notes to Financial Statements

A. Company Information

1. BackgroundRajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN) is a company limited byshares (CIN: L401 09RJ2000SGCO 16485), incorporated under the Companies Act,20 13and domiciled in India. RVPN is registered with Registrar of Companies havingits registered office at Vidyut Bhawan, Janpath, Jyoti Nagar, Jaipur - 302005established on 19 July, 2000 by Govt. of Rajasthan under the provisions of theRajasthan Power Sector Reforms Act, 1999 as the successor company of RSEB. TheRERC has granted RVPN a license for transmission and bulk supply videRERC/Transmission and Bulk Supply License 4/200 I dated 30.4.200 I to function asTransm ission and Bulk Supply Licensee in the State of Rajasthan. RVPN provides thepathway for power within whole of Rajasthan. RVPN owns, builds, maintains andoperates the high-voltage electric transmission system that helps to keep the lights on,businesses running and communities strong. RVPN also owns the shared generatingprojects as representative of erstwhile RSEB.

2. Statement of ComplianceThese financial statements are prepared on accrual basisof accounting and comply inall material aspects with the Indian Accounting Standards (Ind AS) notified under theCompanies (Indian Accounting Standards) Rules, 2015 and subsequent amendmentsthereto, the Companies Act, 2013 (to the extent notified and applicable), applicableprovisions of the Companies Act, 1956, and the provisions of the Electricity Act,2003 to the extent applicable. These are the Company's first Ind AS compliantfinancial statements and Ind AS 101 'First Time Adoption of Indian AccountingStandards' has been applied.

For all the periods up to and including 31 March 2016, the Company prepared itsfinancial statements in accordance with Generally Accepted Accounting Principles(GAAP) in India, accounting standards specified under Section 133 of the CompaniesAct, 2013, the Companies Act, 2013 (to the extent notified and applicable), applicableprovisions of the Companies Act, 1956, and the provisions of the Electricity Act,2003 to the extent applicable. The Company followed the provisions of Ind AS 101 inpreparing its opening Ind AS Balance Sheet as of the date of transition, viz. 1 April2015. Certain of the Company's Ind AS accounting policies used in the openingBalance Sheet differed from its previous GAAP policies applied as at 31 March 2015,and accordingly the adjustments were made to restate the opening balances as per IndAS. The resulting adjustments arose from events and transactions before the date oftransition to Ind AS. Therefore, as required by Ind AS 101, those adjustments wererec ~j_~ . ctly through retained earnings as at I April 2015. This is the effect ~t e;%,fneral r ~ find AS 101 which is to apply lnd AS retrospectively. ~«'t,.

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An explanation of how the transition to Ind AS has affected the reported financialposition, financial performance and cash flows of the Company is provided.

These financial statements were authorized for issue by Board of Directors on

18.08.2017.

3. Basis of MeasurementThe Company generally follows Mercantile System of Accounting and recognizessignificant items of income and expenditure on accrual basis except those with

significant uncertainties.

The financial statements have been prepared on the historical cost basis except forcertain financial assets and liabil ities that are measured at fair value (refer accounting

policy regarding financial instruments).

4. Functional and Presentation CurrencyThese financial statements are presented 111 Indian Rupees (INR), which IS theCompany's functional currency. All financial information presented in INR has beenrounded to the nearest lakhs, except as stated otherwise.

5. Current and Non-Current Classification:

The Company presents assets and liabilities in the balance sheet based on current/non

current classification.

An asset is current when it is:

• Expected to be realized or intended to be sold or consumed in normal operating cycle;

• Held primarily for the purpose of trading;• Expected to be realized within twelve months after the reporting period; or• Cash or cash equivalent unless restricted from being exchanged or used to settle a

liability for at least twelve months after the reporting period.

All other assets are classified as non-current.

A liability is current when:

• It is expected to be settled in normal operating cycle;• It is held primarily for the purpose of trading;• It is-due to be settled within twelve months after the reporting period; or• There is no unconditional right to defer settlement of the liability for at least twelve

months after the reporting period.

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B. Significant Accounting Policies

1. Property, Plant and Equipment

L Recognition, Measurement and De-recognition

a. The items of property, plant and equipment have been taken at the transfer price inrespect of the assets transferred by the State Government vide Gazettenoti fications dated 17-01-02 and 18-01--02. Items of property, plant andequipment acquired/created subsequently are measured at cost less accumulateddepreciation/ amortization. Cost includes expenditure that is directly attributableto bringing the asset, inclusive of non-refundable taxes & duties, to the locationand condition necessary for it to be capable of operating in the manner intendedby management.

b. When parts of an item of property, plant and equipment have different usefullives, they are recognized separately.

c. Items of spare parts, stand-by equipment and servicing equipment which meet thedefinition of property, plant and equipment are capitalized. Other spare parts arecarried as inventory and recognized in the statement of profit and loss onconsumption.

d. In respect of shared projects, the proportionate items of property, plant andequipment have been capitalised in the books of the company on the basis ofaccounts/information provided by partner Board/Agency.

e. Subsequent expenditure is recognized as an increase in the carrying amount of theasset when it is probable that future economic benefits deriving from the costincurred will flow to the enterprise and the cost of the item can be measuredreliably.

f. Property, Plant and Equipment are de-recognised when no future economicbenefits are expected from their use or upon their disposal. Gains and losses ondisposal of an item of property, plant and equipment are determined by comparingthe proceeds from disposal with the carrying amount of property, plant andequipment, and are recognized in the statement of profit and loss.

g. The works completed have been transferred to property, plant and equipment onthe basis of total value of completed works duly certified by the circle SEs.

ii. Depreciation/Amortisation

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b. Depreciation has been charged on straight line method at the rates/ useful life andmethodology notified vide Rajasthan Electricity Regulatory Commission (Termsand Conditions for determination of Tariff) Regulations 2014 in accordance withPart -8 of schedule II of the Companies Act 2013 read with Application Guide onthe provisions of Schedule II to the Companies Act 20 13 issued by The Instituteof Chartered Accountants of India.

c. Where it is probable that future economic benefits deriving from the cost incurredwill flow to the enterprise and the cost of the item can be measured reliably,subsequent expenditure on a property, plant and equipment along-with itsunamortized depreciable amount is charged off prospectively over the reviseduseful life determined by technical assessment.

d. Leasehold land are amortised as per the rates and methodology notified by theRERC Tariff Regulations

2. Assets held for sale

Property, Plant & Equipments retired from active use and held for disposal are shown as'Assets not in use' and same is valued at written down value and classified as currentassets. These assets are classified as held for sale if their carrying amount will berecovered principally through a sale transaction rather than through continuing use. Theseassets classified as held for sale shall be measured at the lower of its carrying amount andfair value less costs to sell.

An entity shall not depreciate/amortise a current asset while it is classified as held forsale.

3. Capital Work-in-Progress

1. The cost of self-constructed assets includes the cost of materials & direct labour,any other costs directly attributable to bringing the assets to the location andcondition necessary for it to be capable of operating in the manner intended bymanagement and borrowing costs.

II. To uniform the method of capitalization at circle level anti direction offices, thecompany has decided to capitalize its employees cost and administration &general expenses at the rate of 50% of employees cost (excluding terminalbenefits) and administration & general expenses respectively incurred by the T&Ccircles, Civil circle and Zonal Chief Engineer (T&C) offices and at the rate of

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4. Intangible Assets

I. Initial Recognition and Measurement

Intangible assets that are acquired by the Company, which have finite useful lives,are measured at cost less accumulated depreciation/amortization. Cost includesany directly attributable incidental expenses necessary to make the assets readyfor its intended use.

II. De-recognition

An intangible asset IS derecognized when no future economic benefits areexpected from their use or upon their disposal. Gains and losses on disposal of anitem of intangible assets are determined by comparing the proceeds from disposalwith the carrying amount of intangible assets and are recognized in the statementof profit and loss.

Ill. Amortisation

Intangible assets are amortized as per the rates and methodology notified by theRERC Tariff Regulations.

5. Borrowing Costs

I. Borrowing costs are interest and other costs incurred III connection with theborrowing offunds.

II. Borrowing costs that are directly attributable to the acqursinon,construction/exploration/ development or erection of qualifying assets are capitalizedas part of cost of such asset until such time the assets are substantially ready for itsintended use. Qualifying assets are assets which take a substantial period of time toget ready for their intended use or sale. The borrowings costs are allocated to the assetfor which it was used and where borrowings are not specific; such borrowing costs ofcurrent financial year and previous financial year are apportioned on the averagebalance of expenditure on remaining Capital work-in-progress.

Ill. Other borrowing costs are recognized as an expense in the year in which they areincurred.

iv. Capitalization of borrowing costs ceases when substantially all the activities necessaryto prepare the qualifying assets for its intended uses a.re complete.

6. Stores and Spares

I. Stores and spares classified as inventories arc valued at cost or net realisable valuewhichever is lower.

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7. Cash and Cash Equivalents

Cash and cash equivalents in the financial statements comprise cash at banks and on handand short-term deposits with an original maturity of three months or less, which aresubject to an insignificant risk of changes in value.

8. Government Grants

Government grants are recognized initially as deferred income when there is reasonableassurance that they will be received and the Company will comply with the conditionsassociated with the grant. Grants that compensate the Company for the cost of an asset arerecognized in profit or loss on a systematic basis over the useful life of the related asset.Grants that compensate the Company for expenses incurred are recognized over theperiod in which the related costs are incurred and deducted from the related expenses.

9. Consumer Contribution from Deposit Work

Deposits from consumers towards capital asset are transferred to consumer contributionon completion of work and are transferred to Statement of Profit and Loss in 25 equalinstallments.

10. Provisions, Contingent Liabilities and Contingent Assets

i. Provisions are recognised when the Company has a present obligation (legal orconstructive) as a result of a past event, it is probable that an outflow of resourcesembodying economic benefits will be required to settle the obligation a reliableestimate can be made of the amount of the obligation.

ii. Contingent Assets/Liabilities are not recognized but are disclosed in the financialstatements. These are reviewed at each Balance Sheet date and are adjusted to reflectthe current estimate.

11. Foreign Currency Transactions and Translation

Foreign currency transactions, if any, during the year' are recorded at rates of exchangeprevailing on the date of transactions. Monetary assets and liabilities related to foreigncurrency transactions are translated into Rupees at the rate of exchange prevailing on thedate of the Balance Sheet and the difference in translation and realised gains or losses onforeign exchange transactions (other than for Property, plant and equipment recognized

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12. Revenue

I. Revenue from transmission of power, SLDC Charges and Generation cost ofpartnership projects has been accounted for on Accrual basis as defined underapplicable Indian Accounting Standard and Framework issued by ICAI for thepreparation and presentation of Financial Statements. Transmission charges, SLDCcharges and Generation cost of partnership projects have been taken as per RERCTariff/Truing up orders inclusive of ROE as allowed by Govt. of Rajasthan. In case,where final tariff orders/truing up are yet to be notified. income from TransmissionCharges. SLDC Charges and Generation cost of partnership projects is accounted foras per tari ff norms/Interim orders and other amendments notified by the RERC.Difference, if any, on actual results vis-a-vis the truing up order issued by RERC willbe adjusted based on issuance offinal truing up Notification of Tariff orders by RERC.

II. Revenue and Expenditure of shared projects have been accounted for on the basis ofunaudited accounts in respect of BBMB shared projects and provisional/estimateddata available with the company in respect of M.P. Tradeco Project. Differences withactuals are accounted for on receipt of actual expenditure/ revenue statements fromM.P. Tradeco.

Ill. Deposits received on turnkey contracts have been recognized as revenue on the basisof percentage of completion method under cost plus contracts simultaneouslyexpenditure incurred during the year on these have been recognized as expenditure onthese contracts. Under this method revenue is recognized in the Statement of Profit &Loss as revenue on proportionate basis to the work executed during the year.

IV. Steel Scrap, conductors scrap and other scrap is accounted for as and when sold.

13. Other Income

I. Interest on loans and advances to staff is recovered on completion of recovery ofprincipal amount and credited at the time of clearance of dues.

"

II. Price variation claims are accounted for as & when sanctioned by CompetentAuthority.

Ill. Amount deducted from the suppliers/contractors bills on account of penalties is beingtreated as Misc. Revenue.

IV. Gains or losses on sale of mutual funds being classified as Fair Value through Profit& Loss (FYTPL) are recognized to Statement of Profit & Loss in the year in whichthey are occurred.

14. Em pIoyee Benefits

i. Defined Contribution Plans

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The Company pays fixed contribution to Prov ident Fund at predeterm ined rates to aseparate trust, which invests the funds in permitted securities. The contributions to thefund for the year are recognized as expense and are charged to the profit or loss.

ii. Defined benefit plans

A defined benefit plan is a post-employment benefit plan other than a definedcontribution plan. The defined benefit plans of the company are gratuity and pension Theemployee benefits in respect of pension & gratuity liabilities are funded through trust onthe basis of contribution by RVPN along with other successor entities of erstwhi Ie RSEB.Such contribution paid/payable is recognised in the statement of profit and loss .

The Company's net obligation in respect of defined benefit plans is calculated separatelyfor each plan i.e. gratuity, pension and leave encashrnent, by estimating the amount offuture benefit that employees have earned in return for their service in the current andprior periods; that benefit is discounted to determine its present value. Any unrecognizedpast service costs and the fair value of any plan assets are deducted. The discount rate isbased on the prevailing market yields of Indian government securities as at the reportingdate that have maturity dates approximating the terms of the Company's obligations andthat are denominated in the same currency in which the benefits are expected to be paid .

The calculation is performed annually by a qualified actuary using the projected unitcredit method. When the calculation results in a benefit to the Company, the recognizedasset is limited to the total of any unrecognized past service costs and the present value ofeconomic benefits available in the form of any future refunds from the plan or reductionsin future contributions to the plan. An economic benefit is available to the Company if itis realizable during the life of the plan. or on settlement of the plan liabilities. Anyactuarial gains or losses are recognized in Other Comprehensive Income in the period inwhich they arise.

When the benefits of a plan are improved, the portion of the increased benefit relating topast service by employees is recognized in profit or loss on a straight-line basis over theaverage period until the benefits become vested. To the extent that the benefits vestimmediately, the expense is recognized immediately in profit or loss .

Ill. Other Long Term Employee Benefits

Other long term employee benefits consist of Leave Encashment. The Company's netobligation in respect of leave encashment is the amount of future benefit that employeeshave earned in return for their services in the current and prior periods; that benefit isdiscounted to determine its present value, and the fair value of any related assets isdeducted. The discount rate is based on the prevailing market yields of IndianGovernment securities as at the reporting date that have inaturity dates approximating theterms of the Company's obligations. The calculation is performed using the ProjectedUnit Credit method. Any actuarial gains or losses are recognized in profit or loss in theperiod in which they arise .

IV. Short Term Employee Benefits

Short term employee benefits are measured on an undiscounted basis and are expensed as

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15. Income TaxI. Current tax expense is recognized in statement of profit or loss except to the extent

that it relates to items recognized directly in other comprehensive income or equity, inwhich case it is recognized in Other Cornnrehensive Income or equity.

II. Deferred tax is recognized using the balance sheet method, providing for temporarydifferences between the carrying amounts of assets and liabilities for financialreporting purposes and the amounts used for taxation purposes.

III. A deferred tax asset is recognized to the extent that it is probable that future taxableprofits will be available against which the temporary difference can be utilized.

16. Other Miscellaneous Expenditure

I. Expenses on training and recruitment, research and development are charged torevenue.

II. Deferred Revenue Expenses pertaining to restructuring of high cost loans are beingwritten off in the ratio of saving accrued on such loans over the currency of the loans.

17. LeasesI. Financial Lease: Leases where the Company, as lessee has substantially all risks and

rewards of ownership are classified as finance lease. On initial recognition, assets heldunder finance leases are recorded as property, plant and equipment and the relatedliability is recognized under borrowings. At inception of the lease, finance leases arerecorded at amounts equal to the fair value of the leased asset or, if iower, the presentvalue of the minimum lease payments. Minimum lease payments made under financeleases are apportioned between the finance expense and the reduction of ' theoutstanding liability.

II. Operating Lease: An operating lease is a lease other than a finance lease. Leasepayments under an operating lease shall be recognised as an expense on a straight-linebasis over the lease term unless another systematic basis is more representative of thetime pattern.

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18. Impairmcnt of Non-Financial Assets

The carrying amounts of the Company's non-financial assets are reviewed at eachreporting date to determine whether there is any indication of impairment considering theprovisions of Ind AS 36 'Impairment of Assets'. If any such indication exists, then theasset's recoverable amount is estimated.

An impairment loss is recognized if the carrying amount of an asset or its CGU exceedsits estimated recoverable amount. The recoverable amount is higher of the asset's netselling price and value in use, which means the present value of future cash flowsexpected to arise from the continuing LIse of the asset and its eventual disposal.Impairment losses arc recognized in profit or loss.

An impairment loss is reversed if there has been a change in the estimates used todetermine the recoverable amount. An impairment loss is reversed only to the extent thatthe asset's carrying amount does not exceed the carrying amount that would have beendetermined, net of depreciation or amortization, if no impairment loss had beenrecognized.

19. Operating Segments

In accordance with Ind AS 108, the operating segments used to present segmentinformation arc identified on the basis of internal reports used by the Company'sManagement to allocate resources to the segments and assess their performance. TheBoard of Directors is collectively the Company's 'Chief Operating Decision Maker' or'CODM' within the meaning of Ind AS 108.

Segment results that are reported to the CODM include items directly attributable to asegment as well as those that can be allocated on a reasonable basis. Unallocated itemscomprise mainly corporate expenses, finance expenses and incoine tax expenses.

Revenue directly attributable to the segments is considered as segment revenue. Expensesdirectly attributable to the segments and common expenses allocated on a reasonablebasis are considered as segment expenses.

Segment capital expenditure is the total cost incurred during the period to acquireproperty, plant and equipment.

Segment assets comprise property, plant and equipment, trade and other receivables,inventories and other assets that can be directly or reasonably allocated to segments. Forthe purpose of segment reporting for the year, property, plant and equipment have beenallocated to segments based on the extent of usage of assets for operations attributable tothe respective segments. Segment assets do not include investments, capital work inprogress, capital advances, corporate assets and other current assets that cannotreasonably be allocated to segments.

Segment liabilities include all operating liabilities in respect of a segment and consistprincipally of trade and other payables, employee benefits and provisions. Segmentliabilities do not include equity, income tax liabilities, loans and borrowings and other. ... , and provisions that cannot reasonably be allocated to segments.~\C>tii' 4' . ~~- /0" 0(/) 0*Q.~7 ~'J/(.- 't:~'~'!fQAcsW

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20. Material Prior Period Errors

Material prior period errors are corrected retrospectively by restating the comparativeamounts for the prior periods presented in which the error occurred. If the error occurredbefore the earliest period presented, the opening balances of assets, liabilities and equity'for the earliest period presented, are restated.

21. Earnings Per Share

Basic earnings per equity share is computed by dividing the net profit or loss after taxattributable to equity shareholders of the Company by the weighted average numberof equity shares outstanding during the financial year.

22. Cash flow statement

Cash flow statement is prepared in accordance with the indirect method prescribed in lndAS 7 'Statement of Cash Flows'.

23. Investment in Joint Operations and Subsidiary

I. The company recognises in relation to its interest in joint operation:

a) Its assets, including its share of any assets held jointly

b) Its liabilities, including its share of any liabilities incurred jointly

c) Its revenue from the sale of its share of the output arising from the joint operation

d) Its share of the revenue from the sale of the output by the joint operation; and

e) Its expenses, including its share of any expenses incurred jointly.

Investment in Subsidiary is accounted at cost.II.

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24. Financial Instruments

I. Financial Assets

All financial assets are recognized initially at fair value plus, in the case of financialassets not recorded at fair value through profit or loss, transaction costs that areattributable to the acquisition or issue of the financial asset.

Subsequently. a financial asset can be measured at.-

I. Amortised Cost: Amortised cost is calculated using the EIR method by takinginto account any discount or premium on acquisition and fees or costs that areintegral part of the FIR. The E1R amortization is included in finance income inthe profit or loss.

11. Fair Value through Other Comprehensive Income (FVTOCI): FinancialAssets included within the FVTOCI category are measured initially as well asat each reporting date at fair value. Fair value movements are recognized in

the OCI.

Ill. Fair Value through Profit and Loss (FVTPL): Financial Assets includedwithin the FVTPL category are measured at fair value with all changesrecognized in the profit & loss.

Expected credit losses are recognized for all financial assets subsequent to initialrecognition other than financials assets in FVTPL category. The expected credit lossesare measured as lifetime expected credit losses if the credit risk on financial assetincreases significantly since its initial recognition.

A financial asset is derecognized when the contractual rights to receive the cash flowsfrom the financial asset expires. or the company transfers the right to receive thecontractual cash flows in a transaction in which substantially all of the risks andrewards of ownership of the financial asset are transferred or in which the companyneither transfers nor retains substantially all of the risks and rewards of ownership, butdoes not retain control of the financial asset.

ii. Financial Liabilities

Financial liabilities are classified. at initial recognition, as financial liabilities at fairvalue through profit or loss, or as derivatives designated as hedging instruments in aneffective hedge. as appropriate. All financial liabilities are recognized initially at fairvalue and, in the case of borrowings and payables, net of directly attributabletransaction costs. The Company's financial liabilities include trade and other payables,borrowings including bank overdrafts.

After initial measurement. such financial liabilities are. subsequently measured atamortized cost using the EIR method. Transaction costs (incremental costs) arcincluded in calculation of amortisation cost using effective interest method. The EIRamortization is included in finance costs in the statement of profit or loss orcapitalised as borrowing cost in respect of a qualifying asset. This category generallyJl:P . to borrowings, deposits and other contractual liabilities.

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Financial liabilities designated upon initial recognition at fair value through profit orloss are designated at the initial date of recognition, and only if the criteria in Ind AS109 are satisfied. All other changes in fair value of such liability are recognized in thestatement of profit or loss. The Company has not designated any financial liability asat fair value through profit and loss.

C. Use of Estimates and Management Judgments

The preparation of financial statements requires management to make judgments,estimates and assumptions that may impact the application of accounting policies andthe reported value of assets. liabilities, income. expenses and related disclosuresconcerning the items involved as well as contingent assets and liabilities at thebalance sheet date. The estimates and management's judgments are based on previousexperience and other factors considered reasonable and prudent in the circumstances.Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions toaccounting estimates are recognised in the period in which the estimates are revisedand in any future periods affected.

1. Useful life of Property, Plant and Equipment

The estimated useful life of property, plant and equipment is based on a number offactors including the effects of obsolescence, demand, competition and othereconomic factors (such as the stability of the industry and known technologicaladvances) and the level of maintenance expenditures required to obtain theexpected future cash flows from the asset.

Useful life of the assets of the transmission of electricity business is determinedby the RERC Tariff Regulations in accordance with Schedule II of the CompaniesAct. 2013.

The Company reviews at the end of each reporting date the useful life of property,plant and equipment, other than the assets of transmission of electricity businesswhich are governed by RERC Regulations, and are adjusted prospectively, ifappropriate.

2. Post-Employment Benefit Plans

Employee benefit obligations are measured on the basis of actuarial assumptionswhich include mortality and withdrawal rates as well as assumptions concerningfuture developments in discount rates, the rate of salary increases and the inflationrate. The Company considers that the assumptions used to measure its obligationsare appropriate and documented. However. any changes in these assumptions mayhave a material impact on the resulting calculations.

3. Provisions and Contingencies

The assessments undertak~n in recogruzmg provisions and contingencies havebeen made in accordance with Ind AS 37, 'Provisions, Contingent Liabilities andContingent Assets'. The evaluation of the likelihood of the contingent events has

~~~uired best judgment by management regarding the probability of exposur~~~~Gp..AL .al loss. ~~ ~- 0 ~\ ..~

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RAJASTHAN HAJYA VIDYUT PRASARAN NIGAM LIMITEDCIN: L40109RJ2000SGC016485

JAIPUR

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Note No. 1.-: Non-Current Assets - Property, Plant and Equipment

_-

_lAmount in Lakh~Gross Block j_ Accumulated Depreciation Net Block

Particulars Account Code Balance as Deductionsl I Balance as I Balance as I . . I Deductionsl. Depreciation charged I . Balance asAdditions Adjustments Balance as at 31.03.2017 Balance as at 31.03.2016 Iat 01.04.2016 at 31.03.2017 at 1.04.2016 for the year ,Adjustments at 31.03.2017During the Year I I During the YearA. Tangible Assets I

1Land & Rights·

2101001Lease hold 33,007.22 1,238.80 32.96 34,278.98 1,575.81 1,298.69 0.75 2,875.26 31,403.72 31,431.41Transmission 32,975.63 1.238.80 32.96 34.247 39 1,575.81 1,285,15 0.75 2.86172 3i 36567 31,399.82Generation 31.59

I31 59 13.54 1354 1805 31.59Freehold 13,938.60 5.54 13,944.14 13,944.14 13,938.60Transmission 12,973.88 5.54 12,979.43 '2.97943 12,973.88Generation 964.72 964.72 96472 964.72

Buildings 55,706.29 8,122.07 89.76 63,918.12 2,626.70 2,803.62 1.19 5,431.52 58,486.61 53,079.592102001Transmission 55.421.67 8,111.44 8943 63,622.54 2.60994 2.79729 1.19 5,40842 58,2'14_ i2 52.811.73Generation 284.62 1063 0.33 29559 16.76 634 23.09 272.49 267.86

IHydraulic works 1,935.80 6.24 1,942.04 51.31 91.44 142.76 1,799.28 1,884.48i 2103001I Transmission I

I Generation 1,935.80 624 1,94204 51.31 9144 142.76 1.799.28 1.884.48,i Other Civil Works 8,952.44 7,127.46 (382.44) 15,697.46 324.35 434.18 (3.88) 754.65 14,942.81 8,628.09

2104001

317-181Ii Transmission 8,814.74 7,127.46 (382.44) 15,55976 42874 (3.88) 742.03 ~4.8i773 8.497.56i Oenerancn 13770 ## # 13770 717 545 12.62 :25,09 130.54I

i Plant & Machinery 496,391.70 173,511.54 (410.761 669,492.47 31,935.03 35,702.37 2.60 67,640.00 601,852.47 464,456.67! 2105001: Transmission 492,934.96 :73.182,01 36.05 666,153.02 3',,637.42 35,56898 2.60 67,208.99 598.944 02 461.297.54

I! Generation 3,45674 329.53 (44682) 3,339.46 29761 '3339 43101 2.908.45 '3,159.13,,; Line. & Cable Net Work 529,863.82 68,572.32 286.91 598,723.05 31,503.63 32,634.71 (0.66) 64,137.68 534,585.37 498,360.19 II 2106001i Transmission 529,83640 68.57044 (15300) 598,25384 3' .49699 32,63375 (0.66) 64,13008 534:123,76 498,339.41 I; Generation 27.42 1 89 439.91 469.21 664 0.96 760 46',62 20.78i .

287.90 78.45 0.33 366.69 8.96 20.571 Vehicles29.52 337.17 278.95

f Transmission2107001

234.45 72.86 307.30 5.29 n 92 1921 28810 229.16i Generation 5345 560 033 59.39 367 664 10,31 49,08 49.79II Furniture & Fixtures 592.79 397.96 0.01 990.76 58.24 61.05 $ 119.29 871.47 534.55, 2108001

$/I Transmission 583.79 397.17 0.01 98096 5796 5972 11768 86328 525.83 IGeneratton 9.00 0.79 ### 9.80 028 1,33 1.61 819 8.72

I Office Equipments 1,307,28/ 339.20 0.03 1,646.51 239.07 193.24 432.30 1,214.21 1,068.21I 2109001! Transmission 2109002 1,297.89 :~L0.02 1,632.83 23785 192.25 430.09 1,202 73 1,060.04I Generation 939 001 13.68 I 122 099 221 1147 8.17I

554.031I M Spares 2109004 361.37

I9.97 27.54 37.51 516.52 351.40I

~. :\:~"'.~"'"J1,142,345:22 I »:I ~- Total 259,580.46[ (371A2 //;,c, 68,333.07 73,267.42 0.00) 141,600.49 1,259,953.77 1,074,012.15## re~ents ~ 160.7 01additions In the gross block of the other civil works (Generation) during the year 2016-17

v.~~~# represents ~ 29.46 of oecucuon/ adjustment in the gross block of other civil works (Generation) during the year 2016~17CO r@ 52 '.'- .....p ............ , .. ~ 0.3~ ="d""''-''''~'=r""I/_<'J'-'$<..-n ...''t in tho 9,.-0.... bioCk Qffumlture ,Generation} curtnq tne year 2016-17

(~,\ JP.1PUR ,J~)~(~~\~~~~\~\ 1.~~~~\~t~Ktl~J~,1~~\~"\11\~\\\\~\\~~~~t\lm\~\~dd~pm~\~\\ara\brnilum dUring the year 201G-1755 represents ~ -0.89 of total oecuction/ adjustment In the accumlated depreciation during the year 2016-17 /. ...

, • • • • • • • • • • •)----_._-I I Particulars! I

• • • • • •/

' A. Tangible AssetsLand & Rights~

I~easeholdI I ranSr:1ISSIOnI GenerationI Free hO,'dj Transmiss.oni Generation

IBuildingsI

I, Transmi_ssionGeneration,i Hydraulic works

Ii Transml~Sjon, Generation

j Other Civil Works

I' TranSr~"1iSSICnGenerationI! Plant & MachineryIJ. TransmissionI Genera~ion

Lines & Cable Net Work

Furniture & Fixtures

1- ..I i ~ar:sm:SSIC:'1i GeneranooI! Office Equlpments

----.-, --------

Account Code I

210600i

2107001

2108001

21090012109002

2109004

2101001

2102001

2103001

2104001

2105001

25,857.91 I

25.82631 1

13.9~~~~ i13,01754 I'

964,72

I48,684.92 I

I48,406,31 I

27860 I1.935.80 !

1.935-80 II

7,223.29 I7,091.35 i131 94 i

I426,808.84/:

423,576363.232.48

464,801.50 I,464,78i ,55 !

19_94 1

!268.67 .

22306 '456; !

527,74

518.82·189'

I1,085.60 !

~,C76,52 ;

9_081

I

1 -: Property, plant and equiprnents have been valued as per accounting policy no i

1.2.Useful life for O&M Spares capitalised ranges from 5 to 25 years

• ••Gross Block--~-----!~ductions~-- i

Additions Adjustments iDuring the Year 1

• • • • • • • • • •6,992.556992 55

118.801 ,8 BC

6,980.41

6,97~ 396 C2

1,756.85

'.75-, 09577

69.902.04

69,677 n224.26

65,029.04

65.021 56748

28.38

2C 5.:"l8t.

53.56

53.!78.09

226,34

226.030.3',

361.37

• • •33.00".2232,975.63

31 5913,938.6012.97388

964.72

55,706.29

55.421.67284.62

1,935.80

1,935.80

8,952.44

8,814.74137.70

496,391.70

492.934963,456.74

529,863.82

529,836.4027.42

287.90

234.4553.45

592.79

583.79 I9~00

1,307.28

1.29~~; I361.37

• • •year

(Amount In Lakhs) StandaloneAccumulated Depreciation i Net Block I

Deductionsl !

I1

Adjustments During Balance as at Balance as at Ithe Year 31.03.2016 31.03.:.:_j

I I0.15 j 1,575.81 31,431.41 I0_'5 i '.57581 I 31.3~~:~; j

13.938.60 I12,973.881

96472

0.27 i 2,626.70 53,079~59 !C 27 i 2.609.94 52.811.73 i

!1676 26786 !. i51.31 1,884.48 i

I

i i!

51.31 1.884.48 !II

(0.20)1 324.35 8,628.09 Ii

8.497.56/~O.20)i 3'7187.17 130.54 I

i464,456:671(0.77)1 31.935.03

(077; I 31.637A2 461,297.54 I29761 3,159.13 i

I31,503.63 498,360.19 i3'·./9699 498.339.4"1 I

6.64 20.78 J_ i

8.96 278.951

529 229.1'6 I367 49.79 I

!58.24 534.55 I57.96 525.83 I0.28

8_72/

239.07 1.068.21 !

23785 1,060.04 :122 6.171

9.97 351.40

68,333.07 1,074,012.15 I

156.77/15677 :

i1,62.46):(162.46) I

I40.97 I

i4097 I

I

I

I127.71)/

i(277',;!

1

1319.18)1I

1319_'8) I!

33.28 ii

3328 I!I

(9.15)i

(915) II

11.50 I

1,575.671,575.67

2,626.43

2.6096716.76

51.31

5131

324.55

31738717

31,935.80

31,638. i9297.61

i! Tra~smiss;on! Generation

~M Spares

I Total __ 991,176.52 ~~~~_:='~_~l# -ecresents ~ 67.66 of deduction/ adjustment in the accumlated depreciation of tumiture & flxtcres dt.;rir1gtne year 2015.16## represents' C 01 of deduction/ adjustment in tne accumlated depreciation of office eqctpr-ents du~;n9 "theyear 2015-16### represents ~ t .01 of total deoucuorv adjustment during the year 2015-16

1.3As per management decision. Property, plant & equipmenls except vehicles a-e no! insured

11 sa !. I

(4.67),!

(': 67;1

31,503.08

31,Lr-96.43664

8.96

529367

58.24

57.96a 28

239.07

237851 22

9.97

1.1. Lane & Righ:s have been acquired pursuant to Power Sector Reforms scheme. As such inc !j!(e ceec s per,ain:~g to these assets in the name of erstwhile RSEB have beer. continued

reahsaucn for the sale proceeds are

i c ~\;;:COU,n\ir;gaa)Us'tm~,~tsrrectlfi:a:.onl transfer acjustments' price vanatro- dal.'l1s,' adjustroent tor DC i":1C.cebueo 10 .ne Property, plan; s equipments are cons.uerec as additions for !he year and depreCla!IOn has been charged~ttCI'~I,~g\ycr. tMse additions cver ihs usefullife of the asset

~ 6 interest cos: of ~ l,W,62 33 Lakns (P., ~ 16,75.27 Laknsj has beer capitausec to Property, plant & ecvc..nents during the year

-; 7 A~~r.;'cer'cc'ca: assessme-n. Cuc'e S E. have certified that no Impairment .cf Property. plan: & ecutc-r-e-ts has beer: reponed Which reqUired to be accounted for in accorcance wi:h ihe requrrernem cf the Ind AS-36

------_••••••••••••••••••••••••••••••••••••.--

Standalone1.8 Information regarding Gross block of Property, plant and equipments and accumulated depreciation Iammortisation under previous GAAP is as follows:

Gross Block as at Accumulated Net Block as at Ind AS OpeningParticulars Code01.04.2015 Depreciation. as 01.04.2015 Adjustments as Balance as at

at 01.04.2015 (Deemed Cost at 01.04.2015 01.04.2015

IIA. Tangible Assets

Land & Rights'

2101001Lease hold 26,058.09 1,944.14 24,113.94 1,743.96 25,857.91Transmission 26.02649 1,94414 24,082 35 1,74396 25,82631Generation 31.59 - 31.59 - 31.59Free hold 13,982.26 - 13,982.26 - 13,98<:.26Transmission 13,01754 - 13,01754 - 13,017.54Generation 964.72 - 964.72 - 964.72Buildings 64,686.00 15,932.46 48,753.54 (68.63) 48,684.922102001Transmission 63,241.28 14,766.33 48.474.94 (68.63) 48,406.31Generation 1,44473 1,166.12 278.60 - 278.60Hydraulic works 11,657.95 9,722.15 1,935.80 - 1,935.802103001Transmission 2,09976 2,09976 - - -Generation 9,55819 7,62239 1,935.80 - 1 ,935.80Other Civil Works 8,550.91 1,327.62 7,223.29 - 7.223.292104001Transmission 7,970.60 879.24 7,091_35 - 7,091.35Generation 580.32 448.38 131.94 131.94Plant & Machinery 617,665.481 188,945.72 428,719.77 (1,910.93) I 426.808.842105001Trans mission 601,658.22 176,17093 425,487.29 (1,910.93) 423,576.36Generation 16,007.27 12,774.79 3,232.48 - 3,232.48Lines & Cable NetWork 611,887.81 147,004.25 464,883.57 (82.07) 464,801.502106001Transmission 608,329.74 143,466.12 464,863.62 (82.07) 464,78',.55Generation 3,55807 3,53813 19.94 - 19.94Vehicles 2,255.85 1,987.18 268.67 - 268.672107001Transmission 2.09543 1,87237 223_06 - 223.06Generation 160.42 114.81 45.61 - 45.61

Furniture & Fixtures 1,193.74 669.83 523.91 3.82 !527.742108001Transmission 1,172.81 657.81 515.00 3.82 518.82Generation 20_93 12_02 8_91 - 8_91

Office Equipments 3,704.61 2,611.58 1,093.03 (7.42) i,08!, 602109001Transm iss ion 2109002 3,681.25 2,597.31 1,083.95 (7.42) 1,076.52Generation b~J~ 23.36 14.27 9.08 - 9.08Total L"'\")rrf~ 1,361,642.70 370,144.92 991,497.78 (321.26) 9~.."'76.52:--z ('

~;t~U~1I R".~l:r~ ~

t-~ ~{!;" ~~~~'?J ~i\~~<'~l, ~~ ~.,

(Amount in Lakhs)

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

StandaloneNote No. 2-: Non-Current Asset - Capital Work in Progress

(Amount in Lakhs)

Particulars Account CodeAs at As at As at

31.03.2017 31.03.2016 1.04.2015

A. Capital Work in Progress' 2140001-2140003 310,156.46 393,189.15 358,191.12

2222040-8. Capital Inventory and Stores: (Refer Note No.2.2) 2222072Material at Construction Stores 14,98253 14,731 56 12,736.51Material at Site 66,110.71 48,445 26 9,442 g7o &M Material Purchase-Spares 56.52 56.67 56.67Other Material and Adjustment Alc 176.64 177 04 125.69Workshop Suspense Materials (Fabrication) 3,927.32 5,064.50 4,694.16

85,253.72 68,475.03 27,055.91Less: Provo For Capital Stores (Refer Note No 2 5) 2229001 (79249) (79249) (79249)Less: TWC Store - - 13.77Total Capital Inventory and Stores (8) 84,461.23 67,682.55 26,277.19

Total (A+8) 394,617.69 460,871.69 394,468.30

• The amount of expenditures recognised in CWIP during construction period:

(Amount in Lakhs)

Particulars As at As at31.03.2017 31.03.2016

Opening CWIP 393,189.15 368,19112Add: Expenditure during the yearA Inventory consumedl purchase 123,766.66 301,59034B. Employee Benefit Expense 17,024.85 16,10548r-'C Finance Cost 30,496.53 31,545.16E. Generation, administration and other expenses 5,01541 4,09990Less: Transferred to PPE 259,368.6i 327,196 17~Less: CWIP Adjustment (32.48) 1,146.69Closing CWIP 310,156.46 393,189.15

2 1 inventory amounting to ~ 860.30 Lakhs is utilized for repair and maintenance durinq the year

2.2 Based on the consumption pattern of inventory comprising of stores and spares in the past, it IS assessed thatSUbstantial portion of such inventory shall be consumed in future for construction I erection of the capital assets. Sincethe identification I determination of inventory to be consumed for other than capital purpose is not possible at this stage,the whole inventory of stores and spares has been classified as "Capital inventory and stores".

2.3 During the FY 2016-17, the CWIP have been transferred to completed assets based upon the certificate ofcompletion of the same in 2016-17 received from the concerned executive in charge. Besides the aforesaid, some of theassets which had already been completed in the previous years but could not be capitalized in the books of accou nts forwant of necessary completion certificates, have also been capitalized. The balance in CWIP account as shown hererepresents the value of the capital works in progress.

24 The cost of stores and spares used for transmitting power is valued at cost as the company expects to recowr thp.full cost and as such cost is considered equivalent to NRV.

2.5 As per the review of unserviceable, slow-moving & non-moving material for O&M and capital stores, pro.s i on forO&M and Capital Stores amounting to ~ 792.49 Lakhs (py ~ 79249 Lakhs) is considered adequat€ bY themanagement

•~• • • • • • • • • • • • • • • • • •• • • • • • • • • • • •• • • •• •Standalone

Note NO.3- Non-Current Assets - Intangible Assets

Particulars Account I Balan:e as onCode I

01.04.2016Software I 21090031Transmission 1.189.01Generation I 0.07

Total _L__± 1189.09

Amount in LakhsJGross Block ------------- .. ! .,.,----'A..:;c:..:cc:u"'m"'u::.:l_::at::.:ec:d:..;Arm=m-"o:..:rt~i:.::s_::at_::io_=_n:.:___ -- + .:_N:;:e"'t.;:B::.lo:::c::k.:_·_--'l'- 1

r-----::--,---------,--- ----===r=="D'-.-:d-uc--tionS! -Bala-;;-~-;~-~t---T-~~ceas on I' Ammortisation for It Deductionsl Balance as at Balance as at Balance as atAdditions '

Adjustments _}~.201L.-+ 01.04.2016 ~~ __ i Adjustments __j__._3=-''''.0'''3'''.2''''0-'-'6=-------t_----''3''''..=.03::.:c.2'''0'''''_.:_7_-+_----=3''''1.''''0'''3.'''20=-'",6__ · --1

'i! I '1.41801 i 180.581 185.34 365.92 I 1.052.091 1.008.43

------.-. +~---_~-1 ,41~It= 18~:~~ ; _...:1-=8=-~.:.=·~=-~-'- ,,36'"~:c.:~"':'-L1_. -'-1,"'0_=5"'~:-'-~"-~.l.' ----'I!O,O"'08:::0"':~:::~..J.

229.00

229.00

I-

IAccount I Gross Block

ParticularsCod. I Balance as on Additions Deductionsl

I Software 01.04.20'5 Adjustments

I2109003

ITransmiSSion I 1.084.01 105.00Generation t 0.07 ------I Total i , 084.08 105.00

. ---~-------------------------------.--,,------- --,-_,.--, __ -,-_,- ~mount in LakhsAccumulated Ammortisation Net Block

Balance as at Deductionsl I~nce as at Balance as at---;--~3-'-1~.0~3~.2~0~1~6 1 ~~~~ __ -+__~A~d~·~u~st~m~e~n~t~s__ -r__~31~.~0~3.~2~0~16~__ +, __ ~3:..:1~.0~3~.2~0~1~6~~

i 1.189.01 i 180.5811 18~~~ I 1.00843! 0.07 I 0.02. ~ -;-:.::0~.-'."05:-1

---J_ 1,189.09 : ~1~80~.~60~1----------~--L_------~1"'8-=O~.6:::0~i_-------~I,~0~08~.=48~

3.1 Software is amortised over the life of 10 years.

3.2 Infonmation regarding Gross block of Intangible assets and accumulated ammortisation under previous GAAP is as follows

AccumulatedDepreciation as at

01.04.2015

(Amount in Lakhsl

lB. Intangible Assets

Software ' 1,492.32 408.231

I 12109003Transmission 1.492.17 408.1£ 1 084 01 I 1.084.01

rl~~e~n~e~ra~tl~·o~n----~T~o~t~a~I--------_-_-__L·-·-~-_._-~~~·~-~t~-_~~~~~1~4~9~~~.~~~~--------~4~O~~~.~~~,------~~2~8·~~~.~~;---_--_-_--~_--~_.~~~=c_._-_.4--------1~,~0~8~~.~~~~1

;

1,084.081 1,084.08

I Particulars Code I Gross. Block as ati 01.04.2015!

Net Block as at !01.04.2015

(Deemed Cost i

Ind ASAdjustments as at

01.04.2015

Opening Balanceas at 0'.04.2015

••.-----~---------------P-a-rt-ic-u-I-a-rs-----------------------.-A-C-c-o-u-n-~-c-o-,. A"'31.03.201'1 A,-,131.~3.201'

• Other Investment - Unquoted (Measured at Fair Value through 2202001• Profit & Loss)

Investment In Shares I 0 01 ~ 0 01• (Rajasthan RaJyaBhuml Sahakari Bank)

Total -~~=~~~_--=L_~ o_:Q_1_ 0:_;__0=--1:_j_ ~0_:_:.0~1• 4 1 Investments has been values as per accounting policy no 25 (I)

•

StandaloneNote No. 4-: Non- Current Financial Assets - Investments

(Amount in Lakh~As at 01.04.2015

0.01

••Note No. 5-: Non-Current Financial Assets- Others

Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 01.04.2015~her Mise Advances' 2252001 8,892.18 8,944.68 11,913.31

TOTAL 8,892.18 8,944.68 11,913.38

(Amount in Lakhs

• • Other rrusc advances ISmeasured at fair value through P&L•• Note No. 6-: Deferred Tax Assets

• Disclosure in accordance with Ind AS-12 "Accounting for Taxes on Income"In compliance With Ind AS -12 "Accounting For Taxes on Income" the Company has Identified Net Deferred Tax Assets of ~ 36,476.18 Lakhs Th

• component of Deferred Tax Assets and liabilities are as under(Amount in Lak~

.~ ~P_;_a_:_:rt~ic_:_:u~l=--a~rs~ -+_;_A_~s~a~t~3=--1~.~03=--.~2_;_0_;_17=--+_;_A~s_:_:a=--t_:_:3=--1~.~03=--.~2~0_;_16=--+~A_;_s~a~t~0_;_1~.Q~4~.2~0~1~5I) Deferred Tax Assets (A)

•On unabsorbed depreciationOn Provision for bad & doubtful debts

73,381.45 + 8_9--,-,8_7_1_.9_6172,611.34

942.8S83,9846E

98,312.71917 18

75,392 1296004

69,044.5S

• On employee benefitsI Total (I).111) Deferred Tax Liabilities (8)On difference of depreciation between Income Tax and Companies Act 136,135.16 127,996.87 113.93l.4:

·L . Total (II) I 136,135.16 --127~B7i--==- 113,937.4~L____ . Net Deferred Tax Assets (I-II) _~_ 36,476.18 38,227}5T __ 40,034.7::

• 61 Net Deferred Tax Assets after setting off deferred tax liability has not been considered in accounts on prudent basis as 1\ is not proba ble that• future taxable profits will be avaiiable against which the temporary difference can be utilized due to the past accumulated unabsorbed losses

166,224.12 153,972.17

••••••••••••••••

Note NO.7 -: Non-Current Non Financial Assets- Others

I Particulars Account Code As at 31.03.2017 As at 31.03.2016 Asa"t 01.04.2015--------Miscellaneous Expenditure to the extent not written off 2180001 397 11.99 2986ILess:Current Portion of Miscellaneous Expenditure to the extent not

(302) (802) (17 87written off (Refer Note No 16)

0.95 3.97 11.9~Sundry Deposits - - 74.6~Unsecured & Considered GoodAdvances to Suppliers I Contractors 2252001 12,695.57 12,367.64 8,555.72Other Receivables - 5.12

TOTAL 12,696_51 12,371.60 8,647.47----

(Amount in Lakhs

• CURRENT ASSETSStandalone

• ParticularsInventory, Stores & Spares (Refer Note 2.2)

• TOTAL

Note No. 9-: Current Financial Asset - Current Investments

•

Note No.8-: Inventories

r----_I NumbcrO;;;-~lCurrentAccount Code yearf(Prcvlous year)1 As aI31.0J.2017

--------------------.-----t------- ~-----[Tra~lt~o! Dat('l_ --- ---~----t_____-------- _Unquoted Investments in Equity Instruments of 100%Subsidiary Companies {Measured at cost)

2203001 SO000

Amount in Lakhs

Particulars•••(i) BanswaraThermalPowerCo, LId

(ii) Banner Thermal Power Co, Ltd 2203006•• (iii) Keshoraipalan Gas Thermal Co. Ltd 2203007

• (iv) Pinkcity Transmission Servfce Co. Ltd 2203008

• ('I) Lake City Transmission Service Co, Ltd. .2203009

• Less:Provision for Impairment [For (iv) s ('In

• (vi) Hadoti Power Transmis sion Service Ltd(vii) Barmer Power Transmission Service Ltd/viii) Thar Power Transmission Service Ltd

220301022030132203014• Investment in Mutual Fund (Measured at Fair value through

Profit & Loss) 2201003

••91 Investment in subsidiaries have been valued as per accounting policy no 24 (i)

9,2 Investment in mutual funds has been valued as per accounting policy 11025

(50.000)[50.000[

50.000 500(50000)[50,0001

50,000 5.00(50,000)[50.00D[

2,56,235 2562(50.000)[50000[

2.99,572 29.96(50,000)[50,000J

55.58

50.000 50050.000 5.0050.000 500

3,567.87

3,597.87

I5.00 500

500 5.00

500 5.00

5,00 5.00

5.00 5.00

10.00

As at 31.03.2016

500

1.111.06

As at 01.04,2015

••93 The Board of Directors in their meeting held on 30th March, 2016approved the closure of the Ilinkcity Transmission Service Co t.tc and Lake City Transmission ServiceCo Lto through defunct company mode anti all expenses for striking of the name of the company from the records of the Recistrar of Companies under the "defunct mode'have been borne by the Ho!ding Company r.e. RVPNL. The Board of subsidiaries In its meeting held on 7th March 2017 decided \0 issue equal number of equity shares of~10J. each against the total amount payable to RVPNL. These Companies have been closed on 31st March 2017 and the closure certificates are yet to be received.Accordingly provison for lmpairement has been made in respect of the entire investment of 't 2562 Lakhs (f 5 Lakhs) and t 29,96 Lakhs (t 5 Lakhs) for the PinkcityTransmission Service Co. Ltd. and Lake City Transmission Service Co. Ltd. respectively.

r--- ~TO~T~A~L~~ -L l~ ~ ~~~"~ ~1~,1~2~6.~0~6l_ ~2~5.~00~

• Note No. 10;- current Financia! Asset::;- Trade Receivables

As at 31.03.2017•Total (A)

Particularsf:D:-.:-bt:-s-o-u-'-ts-:t-an-d::-i"-g~'7fo-,-a-p-.n-:-·0-d:'-""ex"ceeciingsix months from Due Date ofPayment

Secured, considered good••Unsecured, considered goodDoubtfulless: Provision for doubtful debts

Other DebtsSecured, considered goodUnsecured, considered GoodDoubtful

Eless: Provision for doubtful debtsTotal (B)

TOTALIA+B)

••

Account Code

2236001.2239001.2238001

_._---- ---_._--_._--_._-_.

••Total

•• JWNLAWNLJDWNL• Total ~

114,364.99 87,13070 73,172.9472775 727.75 727.75

r-_.__~~{7~2~7.~7~5)+------~~~(7~27~.~75~)r_----~(~72~7~.7~5~)114,364.99 87,130.70 73,172,94

25.491.28

As at 31.03.2016_iAmount in LatGhS~,

AsatO!:~

37,10271 24.16035

r---·-ZS-:491.28 --37;102.71"-139,856,28 124,233.41

69,580.16 48,645.492238001 14,461.87 24,920.08

46 869.58 35129.25130,911.61 108,694.82139,856.28 124,233.41

24,160.3597,333.29

10.1Details of Trade Recetvables: _LAmount in Lakhs

.~~~~~~.~~~~~p~a~rt~ic~u~la~~~ . ~__ ~A=C~C:O~u~":t.C=0~d~.__ -r~A~s~a~t=31=.0~3~.2~0~17~~A~s~a~t~3~1.~03~.~20~1~6~~A~s~at~O~1~.0~4.~20~1~5-i(A) For inter state sale of power:

PSEB 714.38 714.38 714.38PGC1L(Refer Note ;0,4) 7.478.99 13.970.69 16.765,57

~.--------;:==:-:---- __------_....-.-.__223§_(lQ.1_ r-- 1 4/9.04 _.12~!~L ::-'2"'9""27':".4:-:1'-1r-_-::-~,---:-~-:-:--,- ~-"S"u"-b-,T",ot,,,a,-I______________ __~ 16,266~~ 2~O~,40~7~.3~6'_1I'L",e"sS"-:Lp,_"o,-,v",is",)o""."fo",-"b",ad,_&"-,!do",u",b",tfu,,,l_,,d,,;eb;<>I.<-s-:7:-:------------ _=--2239001-- ---- (727 75 --~5 _jJ_27.75

Total A 8,944.67 15,538,59 19,679_62(8) For Transmission. SLOe & Generation cost ~o'lery:

17,345.4845.378.9514929.2417,653.67• 10.2 The reconciliation of inter company transactions wtth JWNL. AWNL, JDWNL is under progress as reported in Note No. 16.2.

•97,333.29

•10.3 In compliance with decision of 262nd m~eting of Board of Directors dated 28,08.2.017 a sum of ~ 11,200 Lakhs. , 8.960 Lakhs and t 7,640 Lakhs of JWNL, JDWNland AWNL respectively has been written off during the year 2016·17

••••

• Standalone• Note No. 11-: Current Financial Asset - Cash and Cash Equivalents

••Balance-s·-w-i-th-b-a-n-k-s---'-p..:a:.:.rt"'ic=..u=-I:.::acr;s=--------_.__._--- Account C

•••

Current Accounts

• Cash on handOthersRemittances in TransitCash Imprest with StaffPostage stamps in handFDR

22895022710224110224110

~_cJ_e___ As at 31.03.2017 As at 31.03.2016 As at 1.04.2015

44000-90000- 18,20486 8,85463 7,746130

43902 199.26 17232 11,089.4341099 62.44 14.24 12.67

5 I 4.07 2.32 7.6811 0.05 0.74 0.261 0.92 0.14 0.19" 952 23,868.27 3,435 26

18,481.12 32,912.65 22,291.61

(Amount in lakhs)

TOTAL

2241103.222244382,22

229746• '-Collection Accounls 2243000-22

2241011-22

Note No. 12-: Current Financial Assets - Other Bank balances

••Particulars Account Code As at 31.03.2017

(Amount in La khs)As at 31.03.2016

29.4729.47

As at 1.04.201529.4729.47

Note No. 13-: Current Financial Assets-: Loans

••r-r-r- (Amount in Lakhs)

Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 1.04.2015-'Un-secured & Considered good

Loans & Advances 10Employees 2271001-07considered Good 635 (519) i(16)

6.35 (5.19) (7.16)- Loans & Advances to subsidiary companies' 5,77792 5,788.855,741 1:~Less: Provision for Im_lJairment(Refer Note 9.:31 (35.11)

TOTAL 5,784.27 5,748.55 5,733.97••• * Details of Loans and Advances to subsidiary companies:

Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 1.04.2015Banswara Thermal Power Co. Ltd 2289021 4,311.78 4,310.60 4.286 698armer Thermal Co. Ltd. 2289022 1,26523 1,246.24 1.226.86Keshoraipatan Thermal Co. Ltd. 2289023 198.07 196.89 195.58Pinkcity Transmission Service Co. Ltd. 2289024 16.06 14 .54Lakecity Transmission Service Co. Ltd 2289025 19.05 17.46Thar Power Transmission Services Ltd 2289026 0.93Hadoti Power Transmission Services Ltd ')')Onn'17 0,97LLU:;.JVL/r=Power TransmiSSion ~~~~:S Ltd ~_ 228~0-===_j --~*~-=-5'?!!l~1 _::-_:_~,:lJl.oans and advances to Subsidiary Companies at Amortised Cost

••••• Note No. 14-' Current Financial Assets-: Others

•Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 1.04.10'1s~

Interest Accrued & Due- considered Good 2282001 2.664.31 1,681.97 1.427.381Interest Accrued but not.due 2282002 3 97745 916.18 852.18

Subsidies/Grants Receivables 2272001 31,61075 31,61015 31,610 751Sundry Receivables for other miscelleneous income 2272003,1460910 4.63 5.86 5 _86Other Receivables (Refer Note 14.1) 14,85201 38,603.69 37.667.12Less:- Provison for doubtful debts and advance receivables' 2279001,2289999 '(4,21171) (4,211.71) (4.416,73)

Advances to other parties 2181004 28.36 2836 88, 64Other deposits (Telephone deposit) 2202002 0.49 0.49 0.49Other Receivables 2252001 46.90 76.21 129_25

TOTAL 45,973.18 68,711.80 67,3i4_94

(Amount in Lak hs)••••• 'The provrsion amounting ~ 1,579.60Lakhs (P.Y ~ 1,579.60Lakhs) relates to common pool expenses receivable from other boards.• 141 ' Details of Other Receivables (Amount in tak hs)

••PARTICULARS Account Code As at 31,03.2017 As at 31.03.2016 As at 1.0410'1 5

Com men pool expenses receivable from other boards 2181009 2,918.20 2,918.20 2,iilO. 84Amount receivable from Gratuity Trust 2288051 1,54510 25,074.10 24,6\3. 70Amount receivable from Pension Trust 2289006 6,28243 6,282.41 6;12. 41Amount receivable from RVUN

zzssooi ::~3,22696 3,066.57 2,M. 96

Amount receivable from JDWN 2289004 427.69 543.25 s2 58Amount Receivable from Contractors 2238001 87.82 -Amount receivable against Deposit Works ._.__1 22~~9_~-=-.

451 62 631.33 002.63I TOTAL 14,852.01 38,603.69 37sr, 12••••••

• Standalone• Note No. 15-: Current Tax Assets

••(Amount in Lakhs)Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 1.04.2015Advance Income Tax

841.39Tax deduction at source 2288002, 2288003 31,645.62 17,848.50 10,415.,51Less' Provision for tax(As per Contra) 200.00 1,89469 130.00Total 31,445.62 15,953.80 11,126.90• Note No. 16-: Current Non Financial Assets-: Others•

•

(Amount in Lak_hsI Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 1.04.2015Deffered Rev.Exp.not yet written-off ( Refer Note No. 7) 3,02 8.02 17.87Inter Unit Accounts'105.43 106.10 179.28Prepaid Expenses 2288004·010 28208 280.89 270.11Advances for Fuel Supply

007 0.07Advances for O&M Supplies0.97 079Sundry Assets for old balances (Refer Note No 271) 2288055 1,06281 1,06281 1,06281Advance to other Electricity Boards 2181002

Considered good94.67 95.54Doubtful 114.88 114.88 114.88Less' Provision for doubtful debts

~- (11488 (114.88) (114.88)

Other Deposits 2252001 11469 115.34 10'81 ILess Provision for doubtful debts ..

I 2279001,2289999 (10.00) (10.00) (10.00)

104.69 105.34 0~81Assets not in use'" 2160001 922.88 1,321.21 1,60591Service tax Receivable 2289601 0.01 - -TOTAL 2,480.93 2,980.09 3,233.20The difference of ~ 105.43 Lakhs (~ 106 10 Lakhs) In Inter Unit accounts IS under reconciliation.

"The provision amounting ~ 10 Lakhs (P.Y. ~ 10 Lakhs) relates to 'Other Deposits'•• , Assets not in use are measured according to Accounting Policy No.2

•••••••••

16.1 In respect of Inter-Company transactions between successor companies, no interest / surcharqe has been charged or paid by the Company during theyear.

16.2 The reconciliation of inter company transactions as on 31.03.2017 is under progress As per the reconciliation with sister companies up to 31.03.2016.the balances as per companies and RVPN is disclosed as under:.

• mou In aParticulars RVUNL AVVNL 1----. JDVVNL JVVNL ==iBalance as per books of RVPN 3,0665'1 Dr 17.93692 Dr 35,672.49Dr 47'8110r~

.-_. (2,744 96) Dr (38,47830) Dr 115,44384) Dr (1640885)-6 r .Balance as per books of Company 3,023 22Cr ..~- t---2-5,125 53 Cr. 29.83652 Cr 46,200 52Cr.>- _ .. "--,-- (2,701) Cr -- (36049721 Cr {18 489 58} Cr r?9,955 98)C r. =~IDifference 43.34Dr 2,81140 Dr - 5,835.97 Dr. 1 61047Dr.~_.

(43.96) Dr (2,428.57) Dr (3,055.74} Cr. (13,54713) Cr.

(A nt l L khs)

••• Figures In bracket are of previous year

••16.3 The reconciliation of inter-company Transactions with RVUNL, AVVNL, JVVNL, JDVVNL, has already been done up to the year 2015-16. Dueto nonavailability of details with supporting documents, old un-reconcilec balances amounting to ( 15.70 Crams (? 0 09 Crores of RVUNL, , 7 07 Crores of AVVNL,< 6.83 Crores of JVVNL and < 1.71 Crores of JDVVNL) couldn't De adjusted so far, despite ot best efforts Therefore, the same has been wntten offdu ringthe year.

• 16.4 The reconciliation of balances in the Employees Fund Trusts' accounts is under progress. The balances as per Trust Accounts and RVPN Accounts ason 31.03.2016 are disclosed as under:-

• (Amount inlal<h~Particulars Gratuity SuperannuationBalance as per Books of RVPN 1,084.46 (DR) 6,282.41 (DR)

Balance as per Books of Trust 961.15 (CR) 5,293 11 (CR)Difference 123.31 (DR) 989.30 (DR)The above difference amounts of the trusts are uri-reconciled for a very long period. Final adjustment Will be made after receiving up-to-date auditedaccounts from Trusts.

•••••••

••

•••-----~~~~~,..,..,.,,~-~--:--C~ __ ~~ _

••••••••••••••••••••••••••••••••••••.""_.

Standalone

Note NO.17-: Share Capital

Particulars AccountAs at 31.03.2017 As at 31.03.2016 As at 1.04.2015Code

Authorised Share Capital

Equity Shares of {10/- each (in No.) 4,500,000,000 4,500,000.000 4,500,000,000Equity Shares of {10/- each (in~) 450,000 450,000 450,000

Issued,Subscribed & Paid Up Share CapitalEquity Shares of {1 0/- fully paid up(in No.) 1546002 3,981,040000 3 542,000000 3,289,000,000(Out of these 44,00,00,000 shares were issued forconsideration other than cash)Equity Shares of{10/- fully paid up(in ~). 398,104 354,200 328,900

TOTAL 398,104 354,200 328,900 ,17.1 The Company has only one class of shares referred to as equity shares having face value of { 10 issued at par. Eachholder of equity shares is entitled to one vote per share and dividend.

17.2 In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remainingassets of the company, after the distribution of all preferential amounts.

317. Reconciliation of the number of Equity Shares

Particulars No. of Shares2016-17 2015-16 2014·15

At the beginning of the year 3,542,000,000 3,289,000,000 2,793,000,000Add: Issued dUring the year 439,040,000 253,000,000 496,000,000At the end of the year 3,981,040,000 3,542,000,000 3,289,000,00017.4 The Company ISa Government Company with 100% Share holding by the Hon'ble Governor of Rajasthan & ItSnominees.

Note No. 18-: Other Equity(Amount in Lakhs)I Particulars Account

As at 31.03.2017 As at 31.03.2016 As at 01.04,2015Code

a) Capital Reserve 1562001 203.46 203.46 203.46

b) Surplus 1582001 (134,174.96) (135,428.43) (143,594.40)

c) Share application money pending Allotment 1546001 3,967.77 28,416.00 -

TOTAL (130,003.73) (106,808.97) (143,390_93)18.1 No Bond Redemption Reserve has been created due to non availability of Profit as per the provrsion of Sec 71 of theCompanies Act, 2013, read with MCA General Circular dated 18,04.2002 and 11.02.2013,

••••••••••••••••••••••••••••••••••••.'~"""'''-==:'~-

Staadotone

NON- CURRENT LIABILITIES

Note No. 19-: Long-Term Borrowings

(Amount in Lakhs)

Particulars Account As at As at As atCode 31.03.2017 31.03.2016 1.04.2015

A. Bondsi) Secured - - -ii) UnsecuredState Government Guaranteed, Redeemable,Non-Convertible Taxable Bonds in the nature of 1506003, 375,61935 363,40282 352,330.60Debenture (Private Placement) 1467001

See Description Note (i)Total (A) 375,61935 363,402 82 352,33060

B. Term Loansi) From Banks 1506002,

324.11 I1467001- Secured See Description Note (ii) 1,20573 2,741 86.. Unsecured See Description Note (iii) 13,33333 10,000.00 5,30400

Total (B)(i) 13,65745 11,205.73 8,04586

ii) From Others- Secured See Description Note (iv) 1,46608 2,217.99 3,31623- Unsecured See Description Note (v) 630,82925 566,66259 489,283.24

Total (8)(ii) 632,29533 568,88058 492,599.47[ TOTAL i 1,021,572.12 [ 943,489.13 852,975.93There has been no default in repayment of any of the loans or interest thereon as at the end of the year.

(il : Descriptlvodatatls for Unsecured Public Bonds (Amount in Lakhs)S. No, Bonds Face Value Account As at As at As at

Code 31.03.2017 31.03.2016 1.04,2015(i) 3997 (NIL) 8.69% Semi 1506003,

40,05565 40,05565 40,05565Annual RVPN Bonds 2014 10 1467001(Repayable at par in 3

Iannual instalments in the

Iratio of 30 30.40 from23.03.2025)

(ii) 3003 (NIL) 8.65% Semi 10 30,64204 30,647.46 30,64204(Repayable at par in 3annual instalments in theratio of 30:30:40 from0501.2025)

(iii) 2264 (2264),10.15% 10 22,665.18 22,665.18 22,665.18(Repayable at par in 3annual instalments in theratio of 30:30:40 from28.03.2024)

(iv) 3236 (3236),10.25% 10 33,032.47 33,039.69 33,032.47(Repayable at par in 3annual instalments in theratio of 30:30:40 from17.01.2024)

(v) 2000 (2000) , 9.07% Semi 10 20,129.22 20,12922 20,129.22(Repayable at par in 3annual instalments in the Iratio of 30:30:40 from

I06.09.2023)

(vi) 12926 (2926), 9.40% Semi 10 29,335.35 29,335.35 29,335.35(Repayable at par in 3

.------~.------------

••••••••••••••••••••••••••••••• ----_•••••.'"

Standalone

annual instalments in theratio of 30:30:40 from22.03.2023)

(vii) 2574 (2574), 9.30% Semi 10 26,035.13 26,040.86 26,035.13(Repayable at par in 3annual instalments in theratio of 30:30:40 from15.02.2023)

(viii) 109 (109), 9.51% Semi 50 5,45852 5,45852 5,458 52(Repayable at par in 3annual instalments in theratio of 30 30:40 from26.09.2022)

(ix) 791 (791),9.74% Semi 50 40,542.07 40,552.62 40,54207(Repayable at par in 3annual instalments in the

I

ratio of 30:30:40 from28.062022)

(x) 3043 (3043 ) 10:47% 50 51,992.13 49,56981 55,25574(Repayable at par in 10yearly equal instalmentsfrom 31.01.2021) havingmaturity value of '{1,52,150 Lakhs

(xi) 1374 (1374) 9.63% Semi 50 35,867:48 32,647.81 29,71715(Repayable at par in 10yearly equal instalmentsfrom 14.01 2020) havingmataurity value of '{68,700 Lakhs

(xii) 1030 ( 1030) 9.63% 50 42,75974 36,185.20 22,35770 I(Repayable at par in 10 I

yearly equal instalments II Ifrom 31.12.2019) having

Imataurity value of '{51,500 Lakhs

378,514.97 366,327.38 355,226.21Less: Current Maturities

2,895.62 2,924.56 2,895.62(Carried to Note No.26.1)

2,895.62 2,924.56 2,895,62TOTAL 375,619.35 363,402.82 352,330.60

(ii) : Descriptive details of Term Loan from Banks - Secured Borrowings (Amount in Lakhs)

S. No, TERM LOAN FROM Account As at As at As atCode 31.03.2017 31.03.2016 1.04.2015

(i) Oriental Bank of CommerceTerm Loan I 990.91 1,658.01 2,333.80(Repayable in remaining 6 quarterlyinstallments of '( 166.70 Lakhs upto09.11.2018, Secured againstHypothecation of Assets created out ofloan & Govt Guaranteed)

Term Loan II 214.35 1,074:41 1,934.75(Repayable in remaining 1 quarterlyinstallment of '( 214,35 Lakhs upto11.05.2017, Secured againstHypothecation of Assets created out of ,

I"- - ~oa~ & ~O~-- - ~--,---~. I

I I/~CHAL<f'0~ ~~,.1 . 0

~. I fC~' rl)l"fC ,. i~·~C) \ . !<:,. ' , .,' ,,- ! (f) .~~\~{,_\ !.~ :~: :/}fr''''' ~<:s .,-

••••••••••••••••••••••••••••••••••••._c

Standalone

S. No. TERM LOAN FROM Account As at As at As atCode 31.03.2017 31.03.2016 1.04.2015

Sub Total (i) 1,205.26 2,732.41 4,268.55Grand Total (i) 1,205.26 2,732.41 4,268.55

Less Current Maturities (Carried to NoteNo.26.1)

Oriental Bank of Commerce 881.15 1.52669 1.526.69TOTAL 324.11 1,205.73 2,741.86

(iii) : Descriptive details of Term Loan from Banks - Unsecured Borrowings (Amount in Lakhs)


(i) Central Bank of India 1506002, - - 640.00(Repaid in the FY. 2015-16) 1467001

(ii) Corporation Bank - - 7.23600(Repaid in the F Y 2015-16)

(ii) Bank of India -1 10.000.00 10.00000 -(Re-Payable in 3 half yearly installmentsof ~ 3,333 33 Lakhs) w.e.f 14.07.2017

(iv) Bank of India-2 10.000.00 - -(Re-Payable in 3 half yearly installmentsof ~ 3,333.33 Lakhs) w.e.f 16 01 2019

Total 20,000.00 10,000.00 7,876.00Less: Current Maturities (Carried to NoteNo.26.1)Central Bank of India - - 640.00Coporation Bank - - 1.93200Bank of India 6,666.67 - -

Total 6,666.67 - 2,572.00TOTAL 13,333.33 10,000.00 5,3~

(iv) : Descriptive details of Term Loan from others - Secured Borrowings (Amount in Lakhs)! -_ ~- . - - -. - ! Account I As at I As at I As~I s. Not- I t:RMLOANFROM

I(i) L1C Loan

a. Term Loan V(Repaid in the FY. 2015-16)

b. Term Loan VI(Repaid in the FY. 2016-17)

c. Term Loan VII(Repayable in remaining 1 yearlyinstallments of ~ 266.68 Lakhs upto15.07.2017, Secured againstHypothecation of Assets)

d. Term Loan VIII(Repayable in remaining 1 yearlyinstallments of ~ 300 Lakhs upto15.01.2018, Secured againstHypothecation of Assets)

Sub Total (i)

As at31.03.2016

S. No. TERM LOAN FROM

(ii) PFC Loan

Code

AccountCode

31.03.2017

27140

305.31

31.03.2016 1.04.20~

508.85

576.71

352.54 704.93

542.91 814.17

As at31,03.2017

567.26

610.76 915.93

1,506.21 2,943.87

As at l1.04.2015

633.78 698.55

.~~--._--------.-------".-------------

••••••••••••••••••••••••••••••••••••..

Standalone

S. No. TERM LOAN FROMAccount As at As at As atCode 31.03.2017 31.03.2016 1.04.2015

220/132 kv SIS at GulabpuraDistrict 1.12307 1.25120 1.37586Bhilwara(Repayablein remaining36 quarterlyinstallmentsof ~ 30.47 Lakhsupto1501.2026 . hypothicationon asset)

t-Sub Total (ii) 1,690.34 1,884.98 2,074.41 I

Total (i+ii) 2,267.04 3,391.19 5,018.29

Less CurrentMaturities(Carriedto NoteNo 26.1)LlC Loan 576.71 939.53 1,46420

PFC Loan - R&MUnit-IV & V Pong PH 224.26 233.67 237.86800.96 1,173.20 1,702.06

GRAND TOTAL 1,466.08 2,217.99 3,316.23

(v) : Descriptive details of Term Loan from others - Unsecured Borrowings (Amount in Lakhs)

S. No. TERM LOAN FROMAccount As at As at As atCode 31.03.2017 31.03.2016 1.04.2015

(i) LlC Loana. Term Loan I 915.93 1,221.52 1,52655

(Repayablein remaining3 yearlyinstallmentsof ~ 300 Lakhsupto15.07.2019.GovernmentGuarantee)

Term Loan II 407.08 508.97 610.62

(Repayablein remaining4 yearlyinstallmentsof ~ 100Lakhsupto15.07.2020,GovernmentGuarantee)

Term Loan III 4,070.79 4,886.07 5,69911 \(Repayablein remaining5 yearlyinstallmentsof ~ 8,00 Lakhsupto15.01.2022,GovernmentGuarantee) ITerm Loan IV 4,759.90 5,441.29 6,11987

(Repayablein remaining7 yearlyinstallmentsof ~ 666,66 Lakhsupto15.07.2023,GovernmentGuarantee)

Term LoanV 2,719.47 3,060.22 3,399.34

(Repayablein remaining8 yearlyinstallmentsof ~ 333 Lakhsupto15.07.2024,GovernmentGuarantee)

Term LoanVI 11,024.88 12,253.15 13,474,85

(Repayablein remaining09 yearlyinstallmentsof ~ 1,200 Lakhsupto15.07.2025,GovernmentGuarantee)

Term LoanVII 17,012.00 18,718.-/3 20,415.42

(Repayablein remaining 10yearlyinstallmentsof ~ 1,667Lakhsupto15.07.2026,GovernmentGuarantee)

Sub Total (i) 40,910.05 46,089.95 51,245.76

(ii) PFC LoanJaipur city EHV Networkstrengthening 14,410,98 15,731.68 17,043.56

(Repayablein remaining44 quarterlyinstallmentsoH 319,57Lakhsupto15.01,2028, GovernmentGuarantee)

Stringingof 220 Kv Banswara-Debariline 558.59 625.98 69165

••••••••••••••••••••••••••••••••••••.-==

---- - --_ ._- -----

Standolone


(Repayablein remaining34quarterlyinstallmentsof ~ 16.05Lakhsupto1507.2025 , GovernmentGuarantee)

132/33 Kv sis at MandalgarhBijoliya& 56873 633.61 696.74(Repayablein remaining36 quarterlyIinstallmentsof ( 15.43 Lakhsupto15.01.2026, GovernmentGuarantee)

Constructionof 133/33 kv SIS at 717.29 780.15 84358(Repayablein remaining46 quarterlyinstallmentsof ~ 15.22Lakhsupto15.07.2028, GovernmentGuarantee)

RM&Uof Kolla Unit 1 of BBMB . - 29.07 87.18(Repaid in the F.Y. 2016-17)

RM&Uof GanguwalUnit1of BBMB 13.90 69.74 125.48(Repayablein remaining 1 quarterlyinstallmentson 13.57 Lakhsupto15.04.2017,GovernmentGuarantee)

R&M& uprating of BhankraLeft Bank 5,281.04 4,857.36 4,28111(Repayablein remaining60 quarterlyinstallmentson 85.92 Lakhs upto15.01.2034, GovernmentGuarantee)

2201132KV DebariBanswara line & sub 1,97067 2,143.60 2,31525(Repayablein remaining46 quarterlyinstallmentsof ~ 41.80 Lakhsupto15.01.2028, GovernmentGuarantee)

1.954291220 Kv Bassi-Phuleraline at Mahindra's 2.125.62 2.294.92

II(Repayablein remaining46 quarterly

installmentsof { 41.44 Lakhsupto15.07.2028, GovernmentGuarantee)

Constructionof 132 KV SIS ( 8 nos) and 9,697.74 2,483.86 2,483.03(Repayablein remaining60 quarterlyinstallmentsof ~ 159.06Lakhsupto15.01.2034, GovernmentGuarantee)

Constructionof Nine nos.20/25 MVA, 10,592.50 5,594.66 5,592.80(Repayablein remaining56 quarterlyinstallmentsof ~ 186.51Lakhs upto15.01.2031, GovernmentGuarantee)

Establishmentof 220 kv sis at 17.446.86 2,329.92 2,329.14(Repayablein remaining60 quarterlyinstallmentsof ~ 286.55 Lakhsupto15.01.2034, GovernmentGuarantee)

Consturctionof 220/132 kv gss at Baithw 3,978.56 990.75 990.42(Repayable in remaining60 quarterly Iinstallmentsof ~ 64.88 Lakhsupto15.01.2034, GovernmentGuarantee)

Sub Total (ill_ 67,191.16 38,396.00 39,774.86(iii) REC Loan

(Repayable in 10 equal annualinstallments at the time of raising ofloan)

I>--/~\GI-i~\Lcf ~««'/ '-J' 0FfRN;~(I) rt- \',O·V/..«: \?It

~ J £ ().".... ., \\._,,'6\'0·,;,t\·.~'·~N t-"t

~

e'0 .v«.:, ~0~~\!'~~:-1''~.fP_ACCO'0 to~ ,

••••••••••••••••••••••••••••••••••••.----:-~-:-::=:---:::-::--~

storctolone

S. No. TERMLOAN FROM Account As at As at As atCode 31.03.2017 31.03.2016 1.04.2015

a Scheme No. 1-13 - - 685.92(Repaid during the F Y 201516)

b. Scheme No. 14-18 248.71 497.42(Repaid during the F.Y. 2016-17)

c. Scheme No. 19,21&22 - I 942.63 1,885.37(Repaidduring the FY 2016-17)

d. Scheme No. 20 205.64 411.28 616.95(Balance of this loan as perdifferentschemes is to be paid in 1 equal annualInstallmentsfor each loan upto15.12.2017,GovernmentGuarantee)

Scheme No. 23-26 296.89 593.82 890n(Balanceof these4 loansas per differentschemes are to be paid in 1 equalInstallmentsfor each loan upto15.022018,GovernmentGuarantee)

Scheme No. 27-29 2.35701 3,53573 4.714.41(Balance of these 3 loans as per differentschemes are to be paid in 2 equalInstallmentsfor each loan upto15.11.2018 , GovernmentGuarantee)

Scheme No. 30-34 1,219.63 1,52508 1,830.10(These 5 loansas per differentschemesare repayable in 4 equal Installmentsforeach loan upto 15062020. Government

iGuarantee)

Scheme No. 35,36&39 20,863.49 26,082.24 31.30256(These 3 loans as per different schemesare repayable in 4 equal Installmentsforeach loan upto 15.11.2020,,GovernmentGuarantee)

Scheme No. 37 & 41-52 10.364.40 12.956.61 15.549.72(These 13 loansas per differentschemes are repayable inA equalInstallmentsfor each loan upto15.03.2021, , GovernmentGuarantee)

Scheme No. 38 & 40 51,726.41 64,667.59 77,606.78(These 2 loans as per different schemesare repayable in 4 equal Installmentsforeach loan upto 15.01.2021, GovernmentGuarantee)

Scheme No. 53-65 & 68 7,199.64 8,640.56 10,081.60(These 14 loans as per differentschemes are repayable in 5 equalInstallmentsfor each loan, wherein thedue date of repaymentof 1st Installment·is 15.08.2012and last Installmentis15.08.2021 , GovernmentGuarantee)

Scheme No. 66, 67 & 69-71 4.495.85 5,395.24 6,295.37

••••••••••••••••••••••••••••••••••••.-

Stanc:lalane


(These 5 loans as per different schemesare repayable in 5 equal Installments for

Ieach loan. wherein the due date ofrepayment of 1st Installment is15.07.2012 and last Installment is15.07.2021 . Government Guarantee)

Scheme No. 72, 73, 76-80, 83-87, 89-91 16,311.01 18,64377 20,974.81(These 16 loans as per differentschemes are repayable in 7 equalInstallments for each loan, wherein thedue date of repayment of 1st Installmentis 15.02.2015 and last Installment is15.02.2024 , Government Guarantee)

Scheme No. 74,81, 92, 99 & 102-104, 29,357.78 33,030.21 36,706.82(These 27 loans as per differentschemes are repayable in 8 equalInstallments for each loan, wherein thedue date of repayment of 1st Installmentis 15.03.2016 and last Installment is15.03.2025 , Government Guarantee)

Scheme No. 88 922.32 1,037.60 1,153.19(This loan as per different schemes isrepayable in 8 equal Installments foreach loan. wherein the due date of Irepayment of 1st Installment is15.022016 and last Installment is15.02.2025 , Government Guarantee)

Scheme No.75.82,94-95 3,061 62 3,49913 3,93668(These 4 loans as per different schemes Iis repayable in 7 equal Installments foreach loan, wherein the due date ofrepayment of 1st Installment is15.03.2015 and last Installment is15.03.2024, Government Guarantee)

Scheme No. 96 33,913.89 35.722.92 16,17544(This loan as per different schemes isrepayable in 15 equal Installments foreach loan, wherein the due date ofrepayment of 1st Installment is15.03.2017 and last Installment is15.03.2032 , Government Guarantee)

Scheme No. 97 49,36037 47,766.15 39.517.69(This loan as per different schemes isrepayable in 15 equal Installments foreach loan, wherein the due date ofrepayment of 1st Installment is15.04.2016 and last Installment is15.04.2031 . Government Guarantee)

Scheme No. 98 225,208.17 194,282.89 121,463.13(This loan as per different schemes isrepayable in 15 equal Installments foreach loan, wherein the due date of

Irepayment of 1st Installment is15.09.2016 and last Installment is15.09.2031, Government Guarantee)

••••••••••••••••••••••••••••••••••••.--=~=c~' _

Stancla/one

S. No. TERM LOAN FROM Account As at J As at As at ICode 31.03.2017 31.03.2016 1.04.2015

Scheme No. 105-108. 118-119. 126. 132 14.588.41 13.274.39 3.594.12(These 16 loan as per different schemesis repayable in 10 equal Installments foreach loan, wherein the due date ofrepayment of 1st Installment is15.08.2018 and last Installment is15.08.2027, Government Guarantee)

Scheme No. 100 & 101 17.37985 17,378.34 1.676.50(These 2 loans as per different schemesis repayable in 16 equal Installments foreach loan, wherein the due date ofrepayment of 1st Installment is15.08.2019 and last Installment is15.08.2034. Government Guarantee)

Scheme No. 1.103.98 - -(These loan as per different schemes isrepayable in 16 equal Installments foreach loan, wherein the due date ofrepayment of 1st Installment is15.12.2021 and last Installment is15.12.2036, Government Guarantee)

Sub Total (iii) 489,936.36 489,634.89 397,155.36(iv) HUDCO Loan 5,354.11 6,553.83 7.755.20

Term Loan I(Repayable in remaining 18 Quarterlyinstallments of ~ 296.15 Lakhs upto30.11.2021)

Term Loan II - - 220.63I(Repaid in the FY 2015-1~

---Sub Total (iv) 5,354.11 6,553.83 7,975.83

(v) World Bank Loan (EAP) -Term Loan i 169.35 215.50 258.60(Repayable in 4 equal annualinstallments of ~ 40.56 Lakhs upto31.03.2021)

Term Loan II 82.39 100.57 117.34(Repayable in 5 equal annualinstallments of ~ 15.81 Lakhs upto31.03.2022)

Term Loan III 28.78 34.15 39.03(Repayable in 6 equal annualinstallments of ~ 4.60 Lakhs upto31.03.2023)

Term Loan IV 894.53 1,060.92 1,21249(Repayable in 6 equal annualinstallments of ~ 143.32 Lakhs upto31.03.2023)

Term Loan V 1,636.80 1,899.05 2.13643(Repayable in 7 equal annualinstallments of ~ 225.54 Lakhs upto31.03.2024)

Term Loan VI 313.23 357.74 397.49

••••••••••••••••••••••••••••••••••••.~~~·~~C.

Stanclalone


(Repayablein 8 equal annualinstallmentsof '{ 37.77 Lakhsupto31.03.2025)

Term LoanVII 400.03 455.93 506.59(Repayablein 8 equal annualinstallmentsof '{ 48.48 Lakhsupto31.03.2025)

Term LoanVIII 902.69 1,016.12 1,11773(Repayablein 9 equal annualinstallmentsof '{ 97.24 Lakhsupto31.03.2026)

Term Loan IX 1,063.47 1,18513 1,292.87(Repayable in 10 equal annualinstallmentsof ~ 103.09Lakhsupto31.032027)

Sub Total (v) 5,491.29 6,325,12 7,078.56x World Bank Loan (EAP) - PPFAdv.

(vi) Term Loan I - OAO 0.80a. (Repaidduring the FY. 2016-17)

Term Loan II 0.93 1.90 2.84(Repayablein 1 equal annual

b. installmentsof,{ 0.89 Lakhsupto31.03.2018)

Term Loan III 2.10 2.85 3.57(Repayablein 3 equal annual

c. installmentsof '{ 0.67 Lakhs upto31.03.2020)

Term Loan IV

I11.96 15.22 18.27

(Repayablein 4 equal annuala·1 installmentsof?' 2.86 Lakhs upto

I31.03.2021)

e. Term LoanV 12.70 15.51 1809(Repayablein 5 equal annualinstallmentsof i! 2.44 Lakhs upto31.03.2022)

Sub Total (vi) 27.70 35.88 43.57APDP Scheme(Repayablein remaining4 yearly

• installmentsof i! 10.38 Lakhs upto 44.13 55.16 66.1931.03.2021)

Sub Total (vii) 44.13 55.16 66.19National Capital Region Planning

a. Term Loan I - - 83.18(Repaid in the FY 2015-16)Term Loan II - - 279.84

b. (Repaid in the F.Y. 2015-16)c. Term Loan III - 374.13 747.94

(Repaid in the F.Y. 2016-17)

d. Term Loan IV 1,678.50 2,098.62 2,497.44(Repayablein remaining4 yearly Iinstallmentsof i! 385.79 Lakhs up!o

I29.04.2020 ,GovernmentGuarantee)

e. Term LoanV 1,953.61 2,442.63 2,925.821

•••••••..••••••••••••••••••••••••••••

Standalone


(Repayable in remaining 4 yearlyinstallments of { 480.76 Lakhs upto30.01.2021, .Governrnent Guarantee)

f. Term Loan VI 705.95 882,45 1.058.43(Repayable in remaining 4 yearlyinstallments of 't 175.63 Lakhs upto13.03.2021 ,Government Guarantee)

I

Sub Total (viii) 4,338.06 5,797.84 7,592.66Term Loan From NASARD

Term Loan I(Repayable in remaining 31 quarterlyinstallments of { 973,41 Lakhs upto 30,175.68 27,795.99 26,3542531.12.2024, Government Guarantee)

Term Loan II(Repayable in remaining 39 quarterlyinstallments of { 190.78 Lakhs upto 7,440.23 7,631.00 3,000.0031.12.2026, Government Guarantee)

Term Loan III(Repayable in remaining 40 quarterlyinstallments of Z 45 Lakhs upto 1,800.0030.09.2028, Government Guarantee)

Sub Total (ix) 39,415.91 35,426.99 29,354.25

Term Loan from ADS

I .~A~~.~I I(Repayable in 40 half yearly installments2,754.35 .~r ~. I

Istarting from 15.03.2019) 1:=1"~\.)( .ttL "+L~.~ I

Term Loan from ADS(Repayable in 60 half yearly installmentsstarting from 15.03.2024) 28,749.38 3,537.80 -

Term Loam KfW(Repayable in 21 half yearly installments

1.326.25 405.80 90.07starting from 30.12.2019)

Grand Total (i to xii) 702,691.82 635,013.61. 540,803.02Less: Current Maturities (Carried to

Note No.26.1)

LlC Loan 5,881.09 5,994.33 6,083.48PFC Loan 3,812.53 3,213.94 3,228.75REC Loan 53,811.97 51.836.24 34.934.93HUDCO Loan 1.231.92 1,242.53 1,477.01World Bank Loan (EAP) 912.00 1,030.73 1.068.20APDP Scheme 12.98 13.63 14.28

National Capital Region Planning1.211.54 1.629.13 2.00920Board

NABARD 4.656.74 3.367.46 2.703.00ADB 319.78 20..79 0.65KFW 12.02 2.24 0.28

71,862.57 68,351.02 51,519.78TOTAL 630,829.25 566,662.59 489,283.24

••••••••••••••••••••••

Standalonet 9.1 Assets Pledged as security

Loan Asset Pledgedi) Term Loans form banks:

(i) 400 Sic Dholpur GTPS - Heerapura line with Switch cable 50 MVAR shunt reactor al lHeerapura

OBC77.39 (ii) Stringing of lind CKT from Bharatpurand termination at Dholpur GTPS on existing oleBharatpur-Dholpurckt. Towers(iii) LlLO on existing single ckt. Of 220 KV D/C Bharatapur-DholpurGTPS

OBC66.68 Ratangarh-MertaLineii) Term Loans form Others:

220 KV Lines1.Chitter Nimbahera2. Lilo Dayra (Kota)3. Alwar-Kotputli

132 KV Lines1 Lilo Rayala2. KankroliAmet3. Bali- Rani4. Dungarpur- Rishabhdev5. Tinwari Dechu6. RayalaShahpura I

LlC-V 7. Lilo Mathania8. Lilo Chaksu9. Chirawa Surajgarh10. Bikaner Napasar11. Lilo Soorasagar12. Lilo at Kukas(l)13. Lilo at Kukas(ll)14.Sujargarh- Bidasar I15.Mansarowar- Sanganer (II CKT) I

I16.Lilo Siwana17. Danta Chitawa Link Line

200 KV GSS1.Reengus-Sikar I2. LlLO FOR Jhunjhunu I3. Sikar-KuchamanSec.-I I4. LILO for Bassi-I I5 LlLO for Bassi-II I6. Sikar-KuchamanSec.-II

132 KV Lines1. LlLO for Sisarma

LlC - VI 2. kuchaman-Chitawa3. LlLo for Baggar4 LILo for mandor5. Dahara-Chambal fertiliser6. LlLo for Nathdwara7. K1c220 KV Dahra-GopalMililA8. Diversionwork of HZL Line9. I/C 220 KV & 132 KVGSS at Jhunjhunu10. Bikaner -Lunkaransar.

LlC - VII 220 KV GSS PinwaraLlC - VIII 400/220 KV GSS RatangarhPFC -07203037 132/33 KV, 1x20MVA SUbstationat Piprali and associated transmission line

PFC -07203038 220/132 KV, 1x100 MVA Substationat Gulabpura (Distt. Bhilwara)and associatedtransmission line __J

••••••••••••••••••••••••••••••••••••~

Note No. 20-: Other Financial Non Current Uabi'itics

ParticularsSecurity Deposits from Contractors

Retention Money

Finance lease obli alianTOTAL

Account Code As a461001,145100

1461003-,46,0",1461013,14690151469897

StGndalone

(Amount in Lakh~t 31.03.2017 As at 31.03.2016 As at 01.O4.2~~

20.54 34.82 46072

9,22662 7,11476 2,13362

1 895.92 1 89593 1 89594__ '1,'43.08 9045.50 ___ 4,49Q.,iB:J._----'-----_. -

Disclosure as per Ind AS 17Leases:The company aqurres land Or] leasehold basis for a period 0199 years rnosc leases are capitalized at the present value of the total minimum lease payments to be paidover the lease terms Future lease rentals are recognized as finance lease obligations at the prescnt value

Note No. 21-: Long term Provisionsi (Amount in Lakhs

Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 01.04.2015For employee Benefits I I 19087.981Leave Encashment 1444008 22186.05 16957.26-- TOTAL I 22186.05 19087.981 16,957.26

Note No. 22-: Other Non Current Non Financial Liabilities

Note No. 23-:DeferredRevenueon account of govt. grants, subsidies and contribution

rmount in t.akhsj

-~o~:~~~:,~'~~~:~::;::~~posit w~r~:' ~:::::l,0~:~:a~3~-';~~1;~t~~-: 31.0~~;01~ i~~~_1.04:~~~:1I(Rcfer note No 4.1, lOpemnq Balance 24.310'91 24.503.8/ I 22.679341Add Addition during the year 1,26831 1,11t1 47 ! 2.9~I 83Acjustrnem relating to previous years I I 43860 57 931 1~8 091Less Transferred to Statement of Profit and

I 1139/12) (136025) (1 ?~, 39'1~.-~---~-.---.---.-~-.-----.---ClOSing Balance I' - - -- 24~io:75- - - 24,310:97) - - ---24,503-87

~%rrent~atun!les __._.__ . ._ _ ~ ...2.E885_f- _1_3~Total Ii) 23,094.46 22,982.12 23,221.71Cost of Capital Assets 1556001

Opening BalanceAdd: Addition during the yearLess: Transferred to Statement of Profit andLossClosing BalanceLess: Current MaturitiesTotal (ii)Deferred Revenueon Account of Granttowards Cost of Capital Assets

1558002,1558003

1558001

1558001

-------=--f------'-l---.----'-- -----.:..-

171.86

(17186)

915.94823.18 915.94

3.630.0013.3{804

PSDF GrantOpening BalanceAdd: Addition during the yearLess: Transferred to Statement of Profit and

~---.------------Closing Balan£!._ .__Grant towards Shunt CapacitorsOpe/ling Balance jAdd:,Addition during the yearLess: Transferred to Statement of Profit and

~.------~~~i~9ra~~lance ----- - --- ---IOpening BalanceAdd: Addition during the yearLess: Transferred to Statement of Profit and . .. _._____ __. ...__::__ClOSing Balance . 17,008.04 __ .... 3,630.00 t---.-------Total (iii) 19,033_26 4,847.76 317.54Less: Current Maturities 15.72 15.72 1572I-::T"'0"'ta71-"n"'on=c"'ur-"r"'en"'t==-------+----- .. --·-:c19::-0-::-1:-:7~.54~~--...,4-8:-:3~2.'-!0.!:4+---·- 301.82

Total_[(i) + Iii) + (iiill 42,112.01 27,814.16 23,523.54

3,63000

••••••••••••••••••••••••••••••••••••

Stalldalone

23.1 Party-wise \ Work-wise details of outstanding deposit work has been prepared as on 31.03.2017. Necessaryadjustments \ rectifications have been made to comply with the accounting practice of the company and observations ofauditor inspite of vigorous efforts misclassificati::m of earlier years could not be rectified completely as matching detailsare not readily available. Considering the accounting policy no. 9 regarding accounting of consumer contribution, theimpact of these misclassifications is not considered material.

Note No. 24-: Short-term Borrowings

Particulars Account Code As at 31.03.2017 As at 31.03.2016 As at 01.04.2015a) Loans Repayable on Demand Unsecured 1506001,1467001

From Banks-SBBJ - - 0.56From Others - PFC 8,541.57 - 10,05370TOTAL 8,541.57 - 10,054.26

(Amount in Lakhs)

There has been no default In repayment of any of the loans or Interest thereon as at the end of the year

Note No. 25-: Trade Payables

.-Particulars Account Code As at 31.03.2017 As at 31.03.2016 Asat01.04.2015Trade PayablesDue to Micro & Small Enterprises' - - -Others

- For purchase of power 1469012 1,218.62 1,218.62 1,218.62TOTAL 1,218.62 1,218.62 1,218.62

(Amount in La khs)

* In view of their large number and difficulty of segregating/obtaining detailed information, total outstanding dues to Micro Medium& Small Scale Industrial undertakings have not been disclosed separately, as required under "The Micro, Small & MediumEnterprises Development Act, 2006."

•• Standalone

Note No. 26-: Other Financial Liabilities

•

_!Amount in Lakhs)

Particulars Account Code As at As at As at31.03.2017 31.03.2016 01.04.2015

Current maturities of long-term debt (See Descriptive Note No 26.1) 1467001. 1506003, 83,10697 73,97547 60,216.141506002

Other Payables

-Security Deposits 1461001,1461002 10.07517 6,95972 6,72800-Earnest Money Deposits 1469013 1,441 32 1,17975 2,09568-Retention Money 1461003-1461011

64.85000 73,286 11 58,230501461013.1469015-Amount payable to JVVNL 1,70543 834.50 1,114 15I -Amount payable to AVVNL 7,94246 6,983 16 7,024.92-Amount payable to PSEB 22G.87 229.87 229.87-Amount Payable to Other Board.Govt 1469009 61,896.06 45,257.30 54,471.64

Other Payables-Consumer contribution for deposit work 1469002 4.16514 7.72

-Other Liabilities 39.62 244.19 225.34

-Staff related liabilities 3,008.86 2,81150 2,511.19-Liabilities for Capital Works/Supplies 1411001,1411051,

41.655.11 35,092.35 31,754.881422512, 1422200-Liabilities for Expenses 1411053 8,558.38 13,90409 12,263.31-Finance lease obligation 1469797 215.01 215.01 21501-Finance lease pa~able 1411053 478.78 239.39

TOTAL 289,368.15 261,220.13 237,080.63

•••••••••• 26.1 Descriptive details for Current Maturity of L~ Term Debts (as per Note No.19)

"IParticulars Note No. As at As at As at

31.03.2017 31.03.2016 01.04.2015

Unsecured Public Bonds 19(1) 2,89562 2,924.56 2,895.62Term Loan from Banks - Secured 19(1i) 881.15 1,52669 1,526.69Term Loan from Banks - Unsecured 19(ili) 6,666.67 - 2,572.00Term Loan from others - Secured 19(iv) 800.96 1,17320 1,70206Term Loan from others - Unsecured 19(v) 71,862.57 68,351.02 51,519.78

Total 83,106.97 73,975.47 60,216.14

•••••Note No. 27-: Other Current Non Financial Liabilities

• I~::,"~,:~:,~,"in '""00'

Particulars Account Code As at As at As at31.03.2017 31.03.2016 01.04.2015

1547004 69.53 48.15 1211V",IC"I I aYc:lul"''::> I

-Staff related liabilities 1441007 551.96 458.80 381.021-Statutory & Other Liabilities 1462009 882.26 2.124.82 995.74

-Sundry Liability for old Balances (Refer Note No. 271) 1411060 4,140.14 4,140.14 4.14028

-Current portion of deferred revenue 1551001,1.54201 1,344.57 1.297871558001-1558002

TOTAL 7,185.9'1 8,116.49 6,816.13

(Amount in Lakhs)

•••••27.1 Balance allocated through FRP by the GoR as at 19.07.2000 though were accounted by the concerned accounting units but matching detailswere not available due to misclassification as well as non accountal of transactions in the erstwhile RSEB period. Inspite of vigorous & continuousefforts. complete details of the balances under different suspense heads pertaining to erstwhile RSEB period could not be traced out mainly due tonon availability of old records After reviewing the whole gamut of the matter, management found it expedient to scrap such balances by transfer tocurrent liability account as one time measure. As a result, amount of such balance of ~ 4,140.14 Lakhs (py ~4,140.14 Lakhs) is laying as currentliability and ~ 1.06281 Lakhs (PY. ~ 1,062.81 Lakhs) (net of statutory liability of ~ 318.46 Lakhs) is laying as current assets. The management hadmade provision of ~ 1,062.81 Lakhs during the year 2014-15 against debit old balance for which complete details are not available.•••

Note No. 28-: Short Term Provisions

•Particulars Account Code As at As at As at 1

31.03.2017 31.03.2016 01.04.2015Provisions for Employee Benefits -

Gratuity 1441002 125.69 120.45 10824Pension 1441003 197,430.06 238,156.64 228,193.04Ex-gratia 1444005 500.10 500.00 27500Leave Encashment 1444008 1,702.42 1,817.09 1,549.2,

TOTAL 199,758.27 240,596.38 230,125.57 J

(Amount in Lakhs]

•• 28.1 The provisron for t:x-gratla has been accounted for on the baSIS of actual expenditure of ex-gratia related to previous year

• Note No, 29-: Current Tax Liabilities

•1462030 200.00

200.00• . f"artlculars -- 'Account Code As at

31.03.2017

•••

•••••••••••••••••••••••••••"••••••••.'" .---~~--.- ..- ..-.

StanrlaloneNote No. 30-: Revenue from Operations

(Amount in Lakhs)-For the year Forthe year

Particulars Account Codeended 31.03.2017 ended31.03.2016

Sale of Power (Refer Note No. 301) 5.19920 4,702 '14Sale of Services (Refer Note No 302) 232,081.50 258,290A6Other Operating Revenue (Refer Note No. 30.5) 7,89023 8,162.29

TOTAL 245,170.93 271,154.79~-

30 1· Details of Sale of Power (Amount in Lakhs)..

For the year For the yearParticulars Account Code ended31.03.2016ended 31.03.2017

Common Pool Supply 3613001 5,19920 4,702 04TOTAL 5,199.20 4,702.04

30.2: Details of Sale of Services

(Amount in Lakhs)

For the yearForthe year

Particulars Account Codeended 31.03.2017

ended 31.03.2()16

Revenue from SLDC Chargesa)JWN 3614001 358.76 683.10b)AWN 251.13 478.17c) JDWN 287.01 546A8d) Others 719.74 996A9

Total-1 1,616.64 2,704.24-Revenue from Transmission Wheeling Chargesa)JWN 3614004 92,829.47 83,483.11b)AWN 64,98063 '58,438.18c) JDWN 74,26358 66.786A9[-?thers 3618004-9 28.414.16 36,541 32

Sub Total-Z 260,487.84 245,249.08-Less. Adjustment as per RERC truing up order (Refer note 30A) (40992)245,249.08Net 219,495.84--·'----------~I

Revenue from Generation Cost of Partnership Project

4,134851a)JWN 3614007 4,38761b) AWN 3,071.33 2, 894.40c) JDWN 3,510.09 3,307.88

Sub Total-s 10,969.02 10.337.13Grand Total 232,081.50 258.290.46

30.3 The Transmission and SLDC Charges are booked@ ~ 154.37 (~ 138.10) kW/month and ~ 0.60 (~1.13) kW/month respeclively. Thetransmission charges for intra-state short term open access consumers are booked @ ~ 5.08 (~ 4 54) kW/day. These rates areas per thefinal tariff order dated 27.10.2016 issued by the RERC for FY. 2016-17

30.4 As per RERC truing up order of ARR for FY 2015-16 dated 30th May 2017 , a surplus amount of ~ 409.92 Lakhs in respect oftransmission charges has been passed on to JWNL, AWNL and JDVVNLin the ratio of 4028:32

• Standalone

••30.5: Details of Other Operating Revenue

••

For the year For the yearParticulars Account Code

ended 31.03.2017 ended 31.03.2016

A. Revenue fron Subsidies and Grants-Grants towards cost of Capital assets 3643001 15.72 1572-Deffered Income on consumer contribution received

3642001,3644001 1,397.12 1,360.25Total (A) 1,412.84 1,375.97

B. Income from Trading- Stores & Scrap etc. IProfit On Sale Of Stores - 1644-Sale of Scrap 3623001 1,442.49 1,487,51·Miscellaneous Receipts from Trading 3623002 23.32 1046.Testing Charges 3623003 42,25 29.42

Total (B) 1,508.06 1,543,83

C. IncentiveIncentive on Total Trans Charges-JWNL 3614010 1,160.37 1,490 77Incentive on Total Trans Charges-AWNL 3614010 1,65767 1,04354Incentive on Total Trans Charges-JdWNL 3614010 1,32614 1,192.62Incentive under ABT Scheme 3618002 734.90 1,072 82

Total (C) 4,879.08 4,799,74

D. Income from Turnkey ProjectsRevenue from Projects - 9074Less Expenditure on Projects -Total (D) - 90.74E. Others

Sale of Tender 3629005 81.12 50.21Registration Fees 3629006 3,26 2,20

-Hire and Rental Charges-Tools and PLA - 1.58Excess on Physical verification material stock - 4.70Wheeling Charges 3618001 5.86 293,33

Total (E) 90.24 352.02Total (A to E) 7,890.23 8,162.29

(Amount in Lakhs)

•••••••••••••

30.6 The deemed sale and purchase of Power to!from MPPMCL In respect of shared projects has been accounted for In the accounts on provisional basissubject to final adjustment after reconciliation.30.7 The stage of completion of turnkey projects (where the property belongs to depositor) is determined on the basis of statement of work executed by theconcerned competent authority as per tentative! final bill for the year.30.8 Besides transmission of electricity, the company is also engaged in the business of generation and sale of power from shared projects Delails of thepower plants shared by the company are given below: -••••'---.

2015-16 20fW---2016-17ProjecUPower Station Total Installed % of Share of Total Installed % of Share of Total Installed % of Share

Capacity (MW) Rajasthan Capacity (MW) Rajasthan Capacity (MW) ofRajasthanChambal Project 386.00 50.00 386.00 50.00 386.00 50.00Bhakra Nangal Project 1516.30 15.22 151630 15.22 1516.30 1 5.22Beas Project :

-I) Pong Power Plant 396.00 58.50 396.00 58.50 396.00 5850ii) Dehar 990.00 20.00 990.00 20.00 990.00 20.00

Satpura Thermal Power Station Decommissioned 40.00 Decommissioned 40.00 Decommissioned 4000•••••••••

•••••.~.... "-.--~-.--..--.-=========""-=-~

••••••••••••••••••••••••••••••••••••

Stanrlalone

31-' Other Income (Amount in Lakhs)

Particulars Account Code For the year Forthe yearended 31.03.2017 ended 31.03.2016

Interest Income (Refer Note No. 31.1} 1,856.44 2,671.26Net Gain on Sale of Property, plant & equipments 3624001 111.94 -Other non-operating income (Refer Note No. 31 2) 4,421.19 8,373.98

TOTAL 6,389.57 11,045.23

31 1-' Details of Interest Income--

Particulars Account CodeFor the year I Forthe year

ended 31.03.2017 ended 31.03.2016Interest on Loans and Advances to Staff - 108Interest Income from FDR & SD 3622003 43.71 73.09Short Term Capital Gain in MMF 3622011 325.66 347.67Interest on Loans & Advances to Licensee Companies 3622007 1,289.00 1 ,243 89

Interest income other than FDR & SD 3622009, 3622011,290.19 810053622010

Differential interest SUbventionon World Bank Loan 3633001 (92.12) 195.48Total 1,856.44 2,671.26

31 2 D tall f Oth N ti- e at S 0 er on-opera m9 ncome Amount in Lakhs)

Particulars Account Code For the year Forthe yearended 31.03.2017 ended 31.03.2016

Excess Found On Physical Verification - 0.77

Rental From Staff Quarters 3629001 76.04 76.88Rental From Contractors 3629002 30.09 30.00Fees For Right Of Information 3629003 0.10 0.23Other Miscelleneous Receipts 3629009-11 3,141.06 3,296.64Fair Value gain or loss on mutual funds 3622012 0.93 1 06Delayed Payment Charges From Consumers 3622008 107.28 966.27Grid Connectivity Charges 3618003 902.77 3,761.55Rebate/Discount Availed 3618002,3629007 162.92 240.58

Total 4,421.19 8,373.9831 3 Amount pertaining to stale cheques for more tnan one year has been written back as the liability ISno longer considered payable Incase any claim in this regard is received In future. it will be paid after approval of competent authority as per delegation of power

314 In absence of determination of rent of buildings of Company occupied by other successor companies of erstwhile RSEB and viceversa neither income nor expenditure has been accounted for during the year.

••••••••••••••••••••••••••••••••••••.--

StandaloneNote No. 32-: Generation & Other Direct Expenses

(Amount in Lakhs)

Particulars Account CodeFor the year ended For the year ended

31.03.2017 31.03.2016ULDC INRLDC/BBMB Charges 4701002 1.201.06 909.79Var Charges 4701001 28.13 -Generation of Power (Refer Note 32.1 and 32.2) 811.59 248.91

TOTAL 2,040.78 1,158.69

32.1 Details of Generation of Power (Amount in Lakhs)

Particulars I Account Code I For the year ended For the year ended31.03.2017 31.03.2016

Cost of water 4715001,4701003 4.46 4.00Lubricants and consumption store 4716001 807.01 244.75

IStatim SU[l[llies 4717001 0.11 0.16Total 811.59 248.91

32.2 RVPN IS having shared projects With Satpura Thermal Power Station situated In MP having five Units of 62.5 MW each I.etotal capacity of 312.5 MW(5x62.5) out of which RVPN's share is 40% i.e 125 MW As per the minutes of the 78th meeting ofStanding Committee No. 2 of MP-Rajasthan Interstate Control Board circulated vide letter No. MRICB/S.C-2/Secy/Meeting/2013/811-836 dated 03.01.2013, it was agreed that Rajasthan has no objection to the Dismantling of old 5 unitssubject to the condition that 40% share of Rajasthan would be retained in the new units 2x250MW units installed as replacement of5 old units by MP. Executive Director(O&M.Gen.), MPPGCL, Jabalpur vide letter NO.701 dt. 13.04.2016 has intimated that thedecommissioned unit No. 1,2.3,4 & 5 of 62.5 MW at Satpura Thermal Power Station Power House-l, MPPGCL, Sarni has beensold at price of i( 77.75 Crores through e-auction to Mis Sikkim Ferro Alloys Ltd.,Mumbai. The Finance department of MPPGCL isin the process of finalization of distribution of sale proceeds as per prevailing Laws and Practice. Neither the date ofdecommissioning of the units has been intimated nor the date of sale has been informed by MPPMCL and the matter rega rdingretention of 40% of Rajasthan share in the newly commissioned two 2x250 MW unit at Satpura Complex is not yet finalized. Hence.accounting of sale of units of Satpura Projects shali be done only on receipt of relevant information and documents in this rega rd.

Note No. 33-:Repairs & Maintenance

Particulars Account Code For the year ended For the year ended31.03.2017 31.03.2016.- . --;:-;;--Plant & Machinery 4741001-8 10.261 39 9.607.86

Buildings 4742002-7 1.034.91 1.453.29Civil Works 4743001-6 1.618.01 I 88.45Lines. Cables & Networks 4745001-1 290.46 I RQ'1 <<1Vehicles 4746001-11 59.67 ";~~~ IFurniture & Fixtures 4747001-3 2.01 10.50 IOffice & Other Equipments 4748001-3 61.15 42:771Software 4748004 10.58

TOTAL 13,338.18 11,97:3.83

(Amount in Lakhs)

33.1 Pending receipt of expenditure statement from the MPPMCL for the current financial year In respect of Gandhi Sagar PowerStations, the O&M expenditure has been provided on adhoc and provisional basis on the basis of last audited accounts of 201 5-16made available by MPPMCL and the creditors to this extent also stand on adhoc basis.

••••••••••••••••••••••••••••••••••••.-

34-: Employee BenefitsStandalone

(Amount in Lakhs)-_ ----_.

Particulars Account Code For the year ended For the year31.03.2017 ended 31,()3.2016

(a) Salaries and incentives (Refer Note No, 34.1) 48,68967 45,68538(b) Contributions to -(i) Terminal Benefits (Refer Note No, 34,2) 5,720,30 26,016,69(ii) Employee state insurance 4754028 22.96 77.88(iii) Deposit Link Insurance 4754023 42,34 3.30(c) Payment under workmen Compensation Act 4754010,4754020 20.14 4,86(d) Staff welfare expenses (Refer Note No, 34.3) 376,13 344,27

TOTAL 54,871.54 72,132.40Less Employee Cost Capitalized 4759001 (17,02485 (16'105.4~TOTAL 37,846.70 56,026.91

34 t iDetaits of Salary & Incentives (Amount in Lakhs)

Particulars Account Code For the year ended For the year31.03.2017 ended 31,03.2016

Salary, Wages Allowance & Bonus etc,

-Salaries 4751001-02,4753009-11 22,010.25 21,934.30-Overtime

8,58-Dearness Allowance 4752001 19,099,82 17,22771-Other Allowances 4752002 to 4752026 1,351 10 1,381,12Ex-Gratia & Bonus Payment 4754002, 4754003

440,27 465.43Earned leave encashment 4754004,4754034

5,689,32 4,608,15Tution fee reimbursement 4754006 0,55 0.56Incentives 4754007 13,91 38,89D,L,I, Admn.Charges 4754024,4754027 53,10 0,64Arrear for Sixth Pay Commission 4753009 0,89 0,57Salary apprentice 4754031 30.45 19.45

TOTAL 48,689.67 45,685,38

34.2: Details of Terminal Benefits (Amount in La khs)1 II

Particulars Account Code For the year ended For the year I31,03.2017 ended 31.03.2016

Board Contribution to PF 4754025,4754032,1,370.83 1,219024754033

FPS 4754026 736.63 743.86Terminal Benefit (Super)Boards Contribution 4754022 2,14755 45,089.26Transferred to Other Comprehensive Income - (22,314,06)Terminal Benefits (Gratuity) 4754021 1,43379 955,32Transferred to Other Comprehensive Income - 28031P,F,lnsp,& Audit Charges - 1210Mediclaim Policy Premium 4754035 31,50 30,87

TOTAL 5,720,30 26,015.69

34 3 0 tail f S ff W If E (A . La h)e al S a ta a are xpenses mount In I<s

Particulars Account Code For the year ended For the yea r31.!l3.2017 ended 31,O3,2()16

Medical Reimbursement 4754008 178,19 193,06Training Expenses 4754001 81,13 3.24Medical Expenses 4754036 1.18 2.15Education Expenses - 0.031Uniform expenses 4754029 66,79 72 ,20Soap & Duster 4754030 7.07 9 .43Other Welfare Exp 4754011-14,4752021 41,09 53 .50Annuity benefits 4754015 0,68 0.65TOTAL 376.13 3,4 _27

••••••••••••••••••••••••••••••••••••.-

34.4 EMPLOYEES BENEFIT: Ind AS-19Standalone

(i) At the lime of RSEB a separate fund was available in the books of RSEB for payment of pension to retired/ to be retired employees.After unbundling a separate Trust was created in 2001 and fund available in the RSEB was transferred to Trust through TransferScheme and ISbeing now funded regularly from the contribution by the successor entitles

(ii) As per the provisions of Ind AS 19. the defined benefit obligation (post retirement benefits) existing as on balance sheet date withthe break up in current year service cost and past year service cost is required to be charged to P&L account of the year concerned.Similarly the assets created out of the corpus of the fund are also required to be valued at its fair value as on the date of the balancesheet. As per llid AS 19, the value of the aforesaid defined benefit obligations and the fair value of the aforesaid assets should beaccounted for In the accounts on the baSISof actuarial valuation on the date of balance sheet. As per transfer scheme RVPN is toensure that pension and gratuity trusts are adequately funded to meet the payments pertaining to the years of service rendered by thepersonnel of the Board including retired personnel in the Board as on 19 07 2000. It further states that all obligations in respect ofpension and other retirement benefits including provident fund, Superannuation and Gratuity to the employees, who have retired fromthe services of the Board before the effective date of transfer, shall be discharged by RVPN.

(iii)The Company has obtained actuarial valuation liability in respect of leave encashment as on 31.03.2017 Incremental liability of theleave encashment as per actuarial valuation amounting to ~ 2,983.40 Lakhs (~ 2398.51 Lakhs) as determined by actuary is recognizedas expenses of the current year

(iv) Benefits involving employer established provident funds, which require interest shortfall to be provided, are to be considered asdefined benefit plans Pending determination of liability in view of issue in making reasonable actuarial assumption by the Institute ofActuaries of India, effect in this respect has not been ascertained.

(v) As per Actuarial valuation report, the net liabilities (obligations) of superannuation,to be recognized in the books of accounts as on31.032017 has been estimated at ~ 149604 crores and as per books of RVPN, superannuation liability has already been shown as ~1974.30 crores including the amount of ~ 904 crores in respect of pension liabilities of active employees of other successorcompaniesas on 19.07.2000 as per transfer scheme notified by GOR The said obligation towards pension due to transfer of trust assets to othersuccessor companies are under reconciliation/scrutiny, however, no such claim has so far been intimated by other successorcompanies since long period Hence, looking to the already held excess liability of ~ 904 crores, the additional liability of ~ 425.74Crores for the FY 2016-17 In respect of superannuation has not been created. In anticipation of any claim which may be submitted byother successor companies of RSEB in respect of active employees and also any extra liability which may arise in future pursuant tolikely implementation of 7th pay commission by GOR, remaining provision of ~ 478.26 crores as on 31.03.2017 has been retained inthe books of accounts.

(vi) As per Actuarial valuation report, net assets of trust are excess over actuarial obligations by ~ 3,144.63 Lakhs. As per presentposition provision for gratuity is not required.

(viii) In respect of liability of RVPNL and retired personnel in the Board as on 19.07.2000, the company has classified the variousbenefits provided to employees as under:-

1. Defined Benefit Plan- Pension Scheme2. Other long term Benefit Plan- Leave encashment3. Defined Benefit Plan- Gratuity4. Provident Fund

••••••••••••••••••••••••••••••••••e•e".c

StandaloneDetailsrequireoto be disclosed in pursuant to IndAS-19 areas under:

1. Defined Benefit Plans

1~_~9~!!' in prcs~_ntvalue of defined ~£!!efit o~!!.9iltio~ ..as on 31.03.2017:

Particulars(AmoLlnt~hs

Leave EncashmentGratuityPensionPresent value of obligation as on 1sl April 375898.84 20 905.0731508.36

(329388.64) 30229.76 18 506.5630.071.91 1672412520.6726351.09 2418.38 1 480.526845.82 2 152.67 1 767.895817.26 1963.09 1 543.1416.871.00 2494.00 1 764.5415739.00 2518.00 (2.208.161

Actuarial (Gain)/Loss on Obligation arising from change in finar-Icial assumption 2 723.01

Actuarial (Gain)/Loss on Obligation arising from experience adjustment

-_._._----_. __ ...._----

(B) Changes in fair value of Plan Assets as onc3.1.03.201lo... . ....._ .._ ..

Fair Value of Plan Assets as on 1st Apnl

Particulars

Return on plan asset excluding Interest Income

Benefit Paid

Iranster Out

Fair Value of Plan Asset as on 31st March

LTtlcOpcri-ing-b-a-la-ncehO:a"s"b-=ee::nCCr"'e"'viO'se::d"'o::n"Thebasis of latest audited balance Sheet of Trust.- The current year figures are tentative and subject to finatisation and audit of Trust Accounts

C ~penses recognized in the Statement of Profit and Loss

Particulars

Current Service Cost_.._._._-_._--- ._-----------Net Intcrest Cost

Actuanat (Galn)/Loss due 10Change in financial assumption.-_._.__ ._,•.._,---.-------_._.- .__ . __ ..----------, .._-------_ .... _--._---_. --------_ ..~..-.-----

Actuarial (Galn)/Los's due to Experience adjustment-------------_._--------------------_._-_._ ._------._---------------------Net Periodic Cost

-Figure-sarp'revlous year (in Brackets) havebeen giverilo-iiic extent avail3bie------- -- ----.------.- --------- ---------

---'----------- -------------------------

22314.06

--- --2"1'821.6130080.86

Return on plan asset excluding interest income7766.80

Amount to be recognized in OCI 28791.82

••••••••••••••••••••••••••••••••••••

5randaionf!

WI Other Disclosures

Unrecognized Past Service Cost36.32800 i55.49800Llablill IAsse!s) reco neeo tn Balance Sheet

~ leave Encashment Asat 31.03_17 r----:t\~at31.03.16-

The estimates 01future salry Increases ccnsroerec in actunat valuation, taae account of inflation, seniority. promotion and ether relevant factors, such as demand and supply in the employment market

Sensitivity Analysis:Reasonablypossiblechanges at the reporting dale to one of the relevantactuarial assumptions,holding other assumptionsconstant,would have affected Ihe defined benefit Obligationby the amounts shown below

Amount in Lakhs

Particulars As at 31.03.17 As at 31.03.16 . As at 01.04.2015Increase Decrease Increase Decrease Increase Decrease

L~ p_._nS_i_on _

Leave Encashment

DiscountRate 0.5% movement (1.312.88) 1.399.17 1.248.73 1.315.27 (1.138.78 1.216.08Gratuity

AllIlOUghthe analysisdoes not take account of the full rnstribunonof cash flows expected under the pla:1. It does »rcvkrerill eppronrnancnof the sensitivrtvof the assumptionsshown

Risk Exposures:-

Valuations are based 011 certain assumptions.which are dvnarmcin nature and vary over time. As such company IS exposedto variousrisks as follow-A) Salary Increases-Actual salary increaseswill increasethe Plan's liability.Increase in salary increase rate essumpecnin futurevaluationswtll also increase the liabtlity13) InvestmentRisk .. If Plan is funded then assets liabilitiesmismatch & actual investment return on assets lower Ihanthe discount rate assumedat the last valuation dale can impactC) DiscountRate Reduction in discount rate'in subsequentvatuanonscan increase the plan's liability0) Mortality& disability- Actual deaths & disabilitycases provmglower or higherthan assumed in the valuationcan impact the liabilitiesE) Withdrawals~ Actual withdrawals proving higher or lower than assumedwithdrawals and cnanqe 01wnbo.awa!ratesat subsequentvaluationscan impact Plan's liability

Expected Maturity analysis for the defined benefit plan in the future years

~~~-- -~~--~ ----~--~---~-~-~-------Less than 1

yearBetween 1-2

years31-Mar-17GratuitvPensionLeave Encashment

1 702.42 1 465.06 3829.63 16891.35 23888.4720,693.53 23,496.50 34873.24 91457.22 170520.501,702.42 1465.06 3829.63 16891.35 23888.47

24098.37 26426.62 42 532.51 125239.93 218297.44

3.311.85 5757.85 4525.16 17913.50 31508.3620.214.68 1908806 28322.86 75450.24 143075.831,817.09 1296.38 3529.92 14261.68 20905.07

25 34~.62 26142.29 36377.93 107625.42 195489.25

3.235.21 2.902.82 6307.97 11783..77 30229.7617,71350 2062.16 24,94464 ___~71205.03 115925.33

-_ 1.549.29 1 470.00 __~208 ~~ _.12278.45 18506.56__~.!!I.!ol!!L ~___ M34.97 ~.. __3~A.61.~.2_L_~~1!1,267.25 164,661.65 _

31-Mar-16

Total

1-Apr-15GratultvPension~eave EncashmentTot!L_, .. _

Enterpnse best estimate for expense next year is ~ 2,046.45 Lakhs ..GratuityEnterprise best estimate for expense next year is ~ 4.65'1_96 Lakhs - Earned leave liabilityl_:nterpnsobest estimate for expense next year IS ~ 16,328_25Lakhs Pension

2. Other Long term Employee Benefit Plans:A. LeaveEncashment:~rho scheme is unfunded and liabilityfor the same is recognised on the basis of actuanal valuation A proVISIOn of f 23.888.47 l.akhs (P Y f 20.%5.07 I.akhs) for the year have bee,,,,.adeon the basis of acturial valuation at the year and debited to Statement of Profit & Loss

••••••••••••••••••••••••••.,•••.,•

StandaloneNote No. 35-: Finance Costs

Particulars A t C de For the year ended For the yea r endedccoun 0 31.03.2017 31.03.2016----------~--------- --- --------- r--------=-c.c::..:cc=-'-'- ._--t-__-=-'-'-"-=::...:.::.... __

(Refer Note No:J5 2) 110.233.40 101.58122(Refer Note No. 35 3) __...-'7_._.oo:86::_4'-'. .:_73::_+ 3__:;:.5_4..::.9~.~9:_::_8

118,098.13 105,131.20(30.496.53) (31.54516)

(Amount in Lakhs)

Interest expensesOther Borrowing Cost

TOTALLess Finance Cost Capitalised (Refer Note No 35 1)

Add: Interest on SO and RMD 4788028 0331 0.041

.A.dd interest on Finance Lease 23938 239.38__________ TOTAC-=--====-~=-==_L ~ _!lI,_B~:Ui1 73,825.46 I

35.1 Interest cost capitalized denotes ~ 21.062 33 Lakhs (f) y" 1.67527 lakhs) in respect of PPI:: and'!' 9,434.20 Lakhs (P Y '!'29.869.89 Lakhs) In respect of Capital Work In Progress

35.2: Details of Finance Cost

I Particulars Account Code For the year ended For the year ended

I A. '0'"." 00State Government Loans31.03.2017 31.03.2016

- -B. Interest on Bonds & Debentures 4781001 35.19966 34.118.37

C. Interest on Loans from Financial Institutions: 47810021. LIC

4.158.37 4.759162 REC57.45351 50.015.20

3. National Capital region Planing Board 485.41 637.38 t4.PFC5.681.92 4.963.09

5. HUDCO 1----- 620.51 770.86f-- roiarc

----- 68,399.72 61,145.69

D. Interest on Loans from Commercial Banks: 47810021. World Bank 311.54 651.602 Central Bank of India - ,2 16 I3 Oriental Bank of Commerce I 187.98 344.66 i4. Corporation Bank I

64.395. Interest on TL from NABARD 4,251 13 3,62589I6. INTEREST ON LOAN FROM KFW I 9.78 1.96

~~r !

(Amount in Lakhs)

7. rr"~TERESTON LOAN FROM AOB-v I r81.891

217.10505943

3.17 I16.9~

472080-1

8. INTEREST ON LOAN FROMADB-OCRoa

E. Others:1. Accelerated Power Development Programme 4781002 5.84 7.12. Deposit 4788026.4781003 23.88 86.

Total (E) 29.72 93.-IF. Interest on Short Term Loans from Banks: 47810031 PFC I 24783 6882. Corporation Bank .. '1.3. Bank of India 1,297.05 B1 3.1--

Total (F).t--- 1,544.88 1,502.

Grand Total (A to F) -,_. - ..- 110,233.40 101,581.

Ttl D

01

353' Details of Other Borrowing Cost (Amount in La I-Ihs)

d~-r ._------- -~------.~-- ~-----Particulars Account Code For the year ended For the yearen

31.03.2017 31.03.2016Stamp duty I Registration Fees 4788001 7.05Service Fees 4788003 49.57 4Commitment Charges 4788004 10.53 18Bank Charges for Remittance 4788005 0.09Other Bank Charges 4788006.4781005 23.09 [1Guarantee Charges 4788008 7.774.40 3,23Interest on delay in deposition of Tax -.

Total 7,864.73 3,54# ~ 8.272 of bank charges for remittance for the year ended 31st March 2016 .

••••

••••••••••••••••••••••••••••••••••••.c",.'·---··

StorPdaloneNote No. 36-: Depreciation & Amortisation Expenses

(Amount in Lakhs)Particulars Account Code For the year ended For the year ended I

31.03.2017 31.03.2()16 JAmortisation of lease hold lands 4771001 1,221.20 1.376 50Amortisation of lease hold lands (Finance lease) 4771001 77.49 77.68Depreciation on Building 4771002 2,803.62 2,606.75Depreciation on Hydraulic Works 4771003 91.44 51.31Depreciation on Other Civil Works 4771004 434.18 319.70Depreciation on Plant & Machinery 4771005 35.702.37 32,33995Depreciation on lines and Cables Net Works 4771006 32,634.71 31,247.66Depreciation on Vehicles 4771007 20.57 8.96Depreciation on Fixtures & Furnitures 4771008 61.05 58.19Depreciation on Office Equipments 4771009, 4771010 193.24 232.74Depreciation on O&M Spares I 4771012 27.54 9.97

Dep::~~:_o_n_s_::w_a~r_e~-_-T_2-=-_cc-TA_L 1 47_7_1~1_1 . 7_3'-,:_~_~_.~_:_L. 6_8_'_,~_~_~=_._:_~.c__j~I

Note No. 37-: Administrative and Other Expenses

(Amount in Lakhs)I) Account Code For the year ended For the year ended31.03,2017 31.03.2016

Rent, Rates & Taxe-s--------------- --:4-=7-=-61-:-cOO-:Oc-:-1--1O-:0c::0-::2--t------=-5,-=2·::-3-=-5.-=9::-2+-----c3:-,6=-1:--6=-.-48-:-11

Particulars

Licence & Registration fee of Plant & Machinery 4761003 118 -Insurance 4761004.07 28.74 51.18Security Service Charges 4761008 2,572.71 2,792,85Telephone,Telex & EPABX Expenses 4761009,4761011 278.72 244.96Postage & Telegrame 4761010 10,72 19.60Service charges for E auction 4761013 53.42 63.47Legal Charges, Technical Fees 4761014,4761017 112.42 159.13Payment to Auditors

i) As Statutory 4761015 10.37 8.63ii) For Management Services - -iii) For Reimbursement of Expenses - 0.64

Consultancy Charges 4761016 13.49 I 199.64Professional Charges 4761018 17.53 15.88Travelling & Conveyance Charges/Allowances:Conveyance expenses 4761020 15.66 19.08Travelling expenses 4761021 324.13 336.75ITravelling allowance to employees 4761022 I 56.49 28.30Vehicle Runninq expenses 4761023-25 734.42 783.33Newspapers & magazines 4761026 1.67 0.30 IOther miscellaneous expenses ( Refer Note No 37.1) 4769503.4769516, 758.34 1,819.484769700-4769870Bad &Doubtful Debts Written Off/ Provided

4769517,4769502 29.582.00 32,268.67( Refer Note No. 10.3)

Freight and Material Related Expenses 4762002-2005, 177.12 261.494788016O&M Cluster GSS -, 4763000 351.35 -Deferred Revenue Expenditure written off 4769509 8.02 17,87Loss on Sale of Property. plant & equipments 4777002 249.72 5.69Write off deficits assets Ph. Ve. 4777001 0.41 -Expenditure on CSR 4761058 8.14 -

SUB TOTAL 40,602.69 42,71:3.39Less:Administration and other expenses capitalised _(_5.015.41l (4,099.9Q2_'------ TOTAL 35,587.28 38,61:3.49-

37.1 Matenal Cost Variance amounting to ~ 565.02 Lakhs (P.Y ~ -326.23 Lakhs) has been credited into Other Miscetlaneo.sexpenses,

••••••••••••••••••••••••••••••••••••

Note No. 38-: Earnings Per Equity Share (EPS)and Diluted EPSStandalone

For the year ended 31- For the year ended JParticulars Unit Mar-2017 31-Mar-2016Basic and Diluted

Net Profit after tax as per StatementofProfit and Loss~ 1,253.47 25,49736attributableto Equity Shareholders(a)

WeightedAverage numberof equity shares used asNo. 37,57317 33,15268denominatorfor calculatingEPS (b)

EarningPerShare (EPS) .~ 0.03 077FaceValueper equity share ~ 1000 10 00

(Amount in Lakhs)

• stondatone• 39. Other Disclosures

• 39.1 Contingent Liabilities -The following claims have not been acknowledged as debts by the company:.j, The estimated liability in respect of Capital Contracts to be executed has not been disclosed, as the amount is not ascertainableil. Liability on account of 12 (41) [46JNos. of the court cases against the company is pending at various level of courts amounting to ~ 1.097.44 l.akhs (P Y ~1.966.41 Lakhs) [Transition Year ~ 3,218.06 Lakhs] (approx)iii. Claims for surcharge! interest by power supplying agencies.iv. Liability of Urban Development Tax amounting to ~ 17,352 35 Lakhs (r.Y ~16.765.09 Lakhs) [Transition Year ~ 12.737.40 LakhsJupto the year 2016.17.v. Additional demend of 70.44 hect. land at Kesoraipatan, Bundi (all lease) < 1,89403 Lakhs lease rent ~189.40 Lakhs and Urban Assessment @ 5%,10.633 Lakhs of 23.71 hect. additional land.

•••• 39.2.The debit and credit balances appearing under different hearts In various Circles are heing shown after netting as per past practice

••39.3. As per requirement of Section 135 and Schedule VII of the Companies Act 2013 read with Companies (Corporate Social Responsibility Policy) Rules2014, Company was required to spend ~ 180.30 Lakhs for the financial year 2015·16 and '( 213 03 Lakhs for the financial year 2016-17 An amount of ~B,14Lakhs in this regard has been spent upto 31.03.2017. Company will spend the rest in future

39.4, The f~VPN has joint venture with 138MB and M,P. Tradeco lhc f:.?VPN's share of assets and liabilities as on 31st March. 2017 and income andexpenses based on financial statements for the year ended on that date arc given below·

• S. No. Particulars As atAs at 31.03.201631.03.2017

1 AssetsLong Ierrn Assets 43.65768 43.21145Current Assets 13.02997 1~~Total 56,687.65 44,560.06

2 LiabilitiesLono Term LiabilitiesCurrent Liabilities and Provisions 57,651.66 56.000.20Total 57,651.66 56,000.20

3 Contingent Liabilities4 Capital Commitments5 Income 16,568.06 15,584.006 Expenses 16,568.06 15,584.00

••••• 39.5. Disclosure as per Ind AS 108 'Operating Segments'

••The company has two reportable segments:1 Iransrnission2, Generation

•Identification of Operating Segments

Ihe Chief Operating Decision Maker monitors the operating results of these business segment separately for the purpose of making decisions about resourceallocation and performance assessment. Operating segments have been identified on the basis of nature of operations and have been identified as per thequantitative criteria specified in the Ind AS• information regarding the results of each reportable segment is included below. PcrformanCt;: IS '-"'t~asurcd basec 0r'1segmeni profit before income taxSegment profit is used to measure performance as management ocucves that such information is the most relevant in evaluating results ot segment refa(!leto other entities that operate within these industries•

•

I-

TransmissionParticulars Pertaining Year Generation TotalTransmission SLDC Total

INCOME (External)Revenue from Supply! Sale of Power! 2016-17 - 5,199.20 5,19920Common Pool 201.5-16 4,702.04 4,70204Revenue from SLoe Charges 2016-17 - 1,616.64 1,616.64 1,61664

2015-16 2,704.24 2,704.24 2}0424Revenue from Transmission and 2016·17 219,495.84 219,495.84 219,49584Wheeling Charges 2015-16 245,249.08 245,249.08 245,24908Revenue of Generation Cost 2016·17 10,969.02 10,96902

2015-16 10,337.13 10,33713Revenue from Subsidy and Grants 2016·17 1,412.84 1,41284 1,41284

2015·16 1,375.97 1,375.97 1,37597Other Income 2016-17 12,268.52 198.59 12,467.10 399.84 12,86695

2015·16 17,015.48 180.52 17,196.00 544.82 11}4082Income from Turnkey Contracts 2016-17 -

2015·16 90.74 90.74 90.74Inter Segment Sales 2016·17

2015·16 -Total 2016·17 233,177.20 1,815.23 234,992.43 lS,568.0S 251,56C.49

2015-16 263,731.26 2,884.76 266,616.03 15,584.00 282,2000~_EXPENDITURE

URLDC! NI<LDC Charges 2016-17 192.67 1.00839 1,201.06 1,201D62015-16 909.79 909.79 90,.79

Generation of Power 2016-17 28.59 28.59 811.12 B3S7Z2015-16 248.91 24891

Repair and Maintenance 2016-17 5,74608 11.13 5.757.21 7,580.98 13,3381B2015-16 4,310.78 14.83 4,325.61 7648.22 11,97183-

Employees Cost (Net) 2016-17 30,18607 1,106.60 31,292.67 6,554.03 37846.702015·16 48,902.97 928.20 49,831.18 6,195.74 56,02691

Administration & General Expenses (Net) 2016-17 34,878.27 121.40 34,999.68 587.61 35,5872B2015·16 37,973.31 107.45 38,080.76 532.74 38,61349

Deprecia~ 2016-17 73,117.98 74.76 73,192.73 260.05 ~527B-~,~ 2015-16 68048.20 80.79 68,128.99 384.69 • Qr,!)136B-

.7\,..)r~<f~ ~<?0-7'0' ~)Cl.\~ ~t. fRN 001526C .~'} G .' ~~e; l~<:f

'c) ~

~V;;:~~~\).o"~-;:, ~AIP

~O~~, '\}~~ ,',$:;".~e; ~~'""., - 0"'-~ftJ ACe '~0~ ~,-. ~ ,

(Amount in Lakns)

•••••••••••••••

•••••••••••••••••••••••••••••••••••••.-'

Profit! (Loss) before interest & FinanceCharges

Standalone

--1_- __::_

2,322.28 146,471.94 15,793-78 162,265.722,041.05 161,276.31 15,010_29 176,286.61

_i?0705 IlB.520.49 774.29 89,29477843.71 105.33971 573.70 105.9134290.63 87,06703 774.29 87,841.3131 92 73 251.75 573.70 73.82546t--- ------.--c-=-

(597_:_~ ~~ ___ 1,453.46 1,453:~~811.79 32,087.96 32,087.96

Exceptional Items 2016-17

89.027.54

2015-16r-------------------------,_--~2~0~176-~177-----~··~4~,1~4~9:~6~6+---~~~~--~

Sub Total2015-16 159,235-26

2016-172015-16 104,496.00

Interest & Finance Charges (Net) 2016-17201516

86.976.4073.21983

l otal Comprehensive Income1---.

Profit! (Loss) before prior periodadjustments & Tax I" 2015-16r-'~--------------- '-2016::1':;-Net Prior penod Credits/Debit -r- ---- ---~- -~-----~i~--------t--.--~----~-~ ~ ~__ --+_~_~2~O~1~5__:_16 r----~~-~~~t------_r-----~~~-~Protu tt.ossj before Tax forthe year 2016-17 2.05114 __(_59~ 1.453.46 1.453.46

2015-16 __:ll1.?_§J1_ - _ _!l11_]jJ__ ~3~2"'.G~8c7_,=9-"6-t-- _t-----'3=2 087.96f-'r-o-fi-II-(-LO--S-S-)-a-ft-,,-r-r-IJ-I-fo-r-t-he-_-Y-ca--r---+--·c2::0:c1c:6:-"1:c7:-_-_---~___ 2.051 14 ~L~ ~~ 1~~

------- 2015-16 31.27617 1~1_1_!_9_ ~:I=2.~.0-"8-::7_'9_'6ct- 1-- 32087 9Q_

':'~'~'O~~~:___ r---~:}~5;--}~-- - .'.~~=jG~~~~- -=-_--=~==_-~-I--=-6 ~~~r--- 6~~I'rofit! (L.OSS)!\fter Tax t--______lO_~~_ .. ...__1}15114 r-- ...----(~9-?--E;Q)- _~_., 1,253.46 1,25346--~----------------------~---- _~_:2_O_15_1!, -~,_E3_<~5.c5l__r-- iI11_/9_ ~ .. __L_~_:l_(J7312_. 25,497 :I§__Other Comprehensive Income (net of tax) 2016-11 - .-. ---~r_------- --------.::;-:~:::t-----+--

2015-16 (17,33139) r-___u_;:,,:,3-::3:,-1~,3~9T-----------t------J.:~1~7'_::.3-:c31:__:--39:'-'-1)j2016-17 1,85114 J.:597.68 _._---:I"',"'25:-'3:--.4:"6,-+ +- ::-1,c=2-:-53:--,::-46:'--12015-16 7,354 18 <L1__1_1_!!_j--.__ ...:;B,-;'1:=.:6~5":.9::;6+------i---__:8~, 1;;;6:;;5,,-:'9-::6:--12016-17 1,85114 J.:597 6gL __ ---:1;",2~5;-:3":4o:6:-t---------_t-----__;1~,2::;5::::3'::.4::::6'-12015-16 7,354.18 811,79 8,165.96 8,165.96

2016·17 2,051.1431,276.17

Balance Carried over to Balance Sheet

1,107.97 1,633,554.601,13804 1,513,997.161,19094 1,364,876.36425.41 234,58930

J.:2,350.00 250,347.23(2,439.25)_ 200,863.55

256,50 1,104,679.092B500 1,017,464,59313.50 913,192.0718000 1,645.059 28

(Amount in Lakhs )

42,4134113,029.97

1,557,20861

1,34861 251,69584

43,657.68 1,677,2122843,21145

1,407,~~247,61927

1,274.83 207,1383t3_

t-----_1 ,104,679 091,017,46459913,192.07

26iL_7l_j-- 1,53[1.41043 56,000.20 1,594,41063r------;:=-:-:::------j----:-'Cc:~==-+---1;-';:.016,66 1 40364442 55,706.46 I -1:45-9--:35OB7----------------L--~~ ~~==~_~ __~~~c ~_ . _

53.95,----~O-4 --352.73~-176,5:1_7,ZD-~ZJlCL 175,553B1 89356 _____1I6,4_'!L:_3_Lj~---------~-------+----',-;:::-::-:-::---t-~:-:-c=:c.:-::-t---_-_-_7476 -- ~~Z:! __ ~2600!i_. 73,45:!l_B_1

80 -,5 . f!_B,11_Il_9__~ 'lB469 6B 51368 ~

----=~=--.:----+----=-'--'I.-----'-·-=~~=t----_--T~~it-~=-~~=~-~~----J~-j

57,651.66 1.702,71094

I'he company has notdisclosed geographical segments as operations of the company are mainly carried out within the state

Informationabout major customers

The company derives revenue from transactions with a single external customer amounting to 10% or moreThe segment wise aggregate amount of sale to these customers are as follows:

TransmissionCustomer Name Generation TotalTransmission SLOe2016-17

---1 92,829.47 343.90 4,402.69 97.576~2 64.980.63 308.61 3,081.89 . 68,371 133 74.263.58 0.96 3.522 16 77,78669

Total 232,073.68 653_46 11,006.74 243,733.89

(Amount in Lakhs)

1-----~

____83,48311.. __ 683.10 r--- 4.1342 58,438 18 478.17 2.8943 66.786.49 546.48 r---- 3.307

Total 208,707.77 1,707.75 10,337

2015-16

__J!.fl,30106

_J!_1_Jl..1..Ql470640,85-~J

39.6. Related Parties Disclosures: •

Disclosure as required by Indian Accounting Standard 24 "Related Party Disclosures" issued by MCAarc as follows

(a) List of Related Parties: -(i)Key Management Personnel:

Name Designation PeriodI(i) Shri Saniav Malhotra, lAS CMD w.e.!.29.10.2014 _~I(ji) Shri Naveen Mahajan, lAS Director 11.07.2016 to continue-iii)Ms Arti DClQra,lAS Director 26.07.2016 to continue-_ ...~ivlShri R.G. G\!l'_ta Director w.e.f. 18.08.20"15~ Shri Sarvesh Kumar lewari ---'-~~ ~loilFinance) & CFO 15.02.2017 to continue

"""ah!li_an,lAS ___l!?:irector 13.062014 to ceased as Director w"aCIl~.06.2016 --.:.~-":.\ ..: I;' ~.~ -~. ,'b ~

••••••••••••••••••••••••••••••-.•••••

5tandalone

(vii) Shn Arun Kumar Gupta ~[)iroctor (Finance.) & CFO 01 OB.2014& 10.09.2014 to. ceased as Director &emt-C::-C:-_~----"-----------------f-o:c-'---C-=__' ~toJ~ 02.2017 _~lJi.!!.Q Halendra Prasad Barwar Director (Operations) 13 OB2014 to ceased as Director w.e.f 0902.2017-i_>1Smt. Gayatri A. Rathore , lAS Director - 1301.2015 to ceased as Director w.e.t, 2607.20iS-'!1.Shri 1~'!JOndraKumar Agarwal Director(Tec~ . 1002.2016 to ceased as Directorw.ef 06.07201T

ICLl~x)_,::<,:Sh"r-,-i~B,::h~a~sk~a,:,r.cAc.cCS~a~w,-,a~n=t-;-,",IA~S,_:-- [),,~ctor -c----c------- 09 DB.2016 to ceased as Director w ef 11 07.201i>l_(;:o:ill_ Shri Raiendra Kumar Bhandari _ Director(1cchnlcal) 0607,2016 to ceased as Directorw.e.f. 01 04 207

(II) Subsidiary Companies as on 31.03.2017:-

ii) Banswara Thermal Power Co Ltd.ii) Barmer Thermal Power Co. Ltd.IIi) Keshoraipalan Gas ThenmalPower Co. Ltd.IV) Lake Glt:t Transmission Service ltd.v) Pinkcitv Transmission Service Ltd.~ Thar Power Transmission Service Co. Ltd.vUlHadoti Power Transmission Service Co. Ltd.vi_ill_Barmcr Power Transmission Service Co. Ltd.

(iii) Post Employment Plans

fl_Gratul~--------------------

il) Superannuation --Iii) CI'Fill)PMCFV)GI'F ~

(iv) Entities under control of same government

Jj_f<ajasthanRajya Vi<!l'.utUtpadan Nigam Limited ~& Raiasthan uria Vikas ~am Ltd --iill.J'!!fJ.urVi{jyut Vitran l'fulam Ltdill) &_merVi<!l'.utVitran Nigam Ltd --v) JodbQ_urVi{jyut Vitran Nigam Ltd.

8. Transactions with Related Parties

(Amount in Lakhs)r--Particulars ~016-17 ~015-16

With subdiariesLoans & Advance_a:anted 24.63 47.71loans & Advance repaid 35.11Equity Contribution made 60.58Interest Received 177.48 177.90

(Amount in Lakhs)Particulars 2016-17 2015-162. Transactions with post employment benefit plans

-Contnbution made during the year27,22319 35,682~iJ()_3 Compensation to Key ManagerialPersonnel

---.- -----f ---1~:-~1------=---..1~hort term employee benefits

65.93 ipost-employment benefitsj---_ 5,other lonq-terrn benefits

36.04- share-basco payment _l 188.79 ---71.441

4.Transaction with the related parties under the control of the same government

(Amount in Lakhs)S,No. Name of the Company Nature of

2016-17 I20~transaction

1 Jaipur Vidyut Vitran Nigam t.to Sale of Service97,575.84 88,301.06

2 !Ijmer Vidyut Vitran Nigam Ltd. Sale of Service68,303.09 61,810.74

3 Jodhpur Vidyut Vitran Nigam Ltd. Sale of Service78,060.67 70,640.85

4 ServicesRajasthan Rajya Vidyut Utpadan Received 201.72 180.82

5 Nigam Ltd. ServicesProvided 246.31 264.87

C, Outstanding Balances with related parti"s

(Amount in Lakhs)

Particulars 31" March 2017 31st March01" April 20152016

Amount RecoverableFrom Subsidiaries - 6,807.85 6,58027 6,35466Amount Pavable._!_~ Post Employment Benefit Plans 197,555.75 238,279.29 22B,301.28

39.7 Disclosure as per Ind AS 27"Seperate financial statements

a) Investment in Subsidaries*(Amount in Lakhs)

I -r----F-- .Country of Ownership InterestName of Entily

._. ![l.Ql!poratio_n 31s~o~;rch 01stAprii It-. -., ..,....31st March 2016

~G46i) Banswara Thermal Power Co. Ltd. India 100% 100% 100%ii) Barmer Thermal Power Co, Ltd. India 100% 100% 100%iii) K Gas Thermal Power Co. Ltd. India 100% 100% 100% n,~,.";HP'L~\~'<"

ff~~OIO~,

l~'~~~I) '~(0rt;.~~C)__!'/,: <i:.-"\'$ \~.,

~&.(0~~~'Y'\.\. '(;::;" .~~~~.,

'':;~·r-. .:; 'lJ~ ~.

••••••••••••••••••••••••••••••••••••

(iv) Lakecily Transmission Service Ltd. India 100% 100% 100%(v) I'inkcity Transmission Service Ltd. India 100% 100% 100%(vi) Thar Power Transmission Service Co Ltd. India 100% 0% 0%vii) Hadoti Power Transmission Service Co. Ltd. India 100% 0% 0%viii) Sarmer Power Transmission Service Co. Ltd. India 100% 0% 0%

Standalone

.. Equity Investments in subsidiaries are measured at cost as per the provisions of lnd AS 27 on 'Separate Financial Statements',

39.8Disclosure as per IndianAccountng Standards 107'Financial Instruments _Disclosure'

A. Financial Instruments By Category

(Ameunt in Lakhs),-'-31-Mar-17

"mM""'O~

IParticulars

FVPL FVOCIc----Financia!Assets:

-~---.,-- -

Investments

-~-139e;;6~

Equitv instruments 0.01Mutual Funds 3,56787 .._-_---Tfade F~eceivables

Loans and advance to subsidiarycompany 5.177 92~cash equivalents 18,4131.12Other Bank balancesgt~er Financial Assets 8,892.18 1~Total Financial Assets 12,460.05 210,094.85

. Financial Liability:Borrowinqs - 1,030,113.69Trade pavables 1,218.62Other financial liabilities 298,400.31Finance Lease Oblioation 2,11093Total Financial Liability 1,331,843.54

(Amount in Lakhs)31-Mar-16

--ParticularsFVPL FVOCI Amortizedcost

Financial Assets:InvestmentsEquity Instruments 0.01Mutual Funds 1,11106

Trade r,ecelvables 124.23J_~Loans and advance to subsidiarycompanv 5.15373Cash and cash equivalents 32,91265Other Bank balances . _2WOther Financial Assets 77,651 29Total Financial Assets 1,111.07 240,580.56--

Financial Liability:Borrowinqs 943,489.13Trade 2a:;tabies 1,21862Other financial liabilities 268,154.69Finance Lease Obliaation 2,110.94Total Financial Liability 1,214,973.37

(Amount in Lakhs)1-Apr-15

ParticularsFVPL FVOCI Amortized cost

Financial Assets:InvestmentsFguit:i instruments 0.01

- Mutual FundsTrade Receivables 97,33329Loans and advance to subsidiarycompany

=~Cash and cash equivalents 22,291~~Other Bank balances 2947Other Financial Assets 79,271.16Total Financial Assets 0,01 204,666,66

Financial Liability:Borrowinqs 863,03019Trade ~ayables 1,21862Other financial liabilities 239,459.97Finance Lease Obliaation - - 2,110.94Total Financial Liability 1,105,819.72

Financial Risk M~,!~n,-,l~e"nt,-~~~_o

Risk

ing

ManagementExposure arising from Measurement

Credit RiskTrade receivables, Financial assets, Credit limits, Escrow Cover, letters of credit andetc Ageing analysis, diversification of oank deposits. Prefer nationalized ball.::Instruments financial assets measured Credit Ratings for deposit.

Holhngcash Availability of committed credit lines and'---.'~~~e<--"f-"~~~~~~~.Lf_30_r_ro_W_i_n_g_a_n_d_o_lh_e_r_li_ab_i_lit_ie~~~_l"f1::!.Ow=sc:fo~r-"c::!.ca",s,-,t__ J.:.::faciht;es

••Standalone

•Sensitivity Different kinds of loan arrangements with varied terms

Market risk, Interest rate risk Long-term Borrowings at variable rates analysis (og Fixed, floating interest rate, etc.)& swaping of highCash Flow cost debts into low cost debtAnalysis

• Market RiskMarket Risk mainly relates to the investment.& deposits. lherc is no regular business o~company for rnakmq investment & deposits, The Company investsidle funds (if any) in mutual funds for very short duration However, work of W&M Section of the company is to manage the cash resources borrowmgsstrategies and ensuring compliance of the same with the guidelines & directions of the Hfgher Management• Interest RateRiskThe Company IS exposed to interest rate risk arising mainly from long term borrowings with floating Interest rates. The Company is exposed to interest raterisk because the cash flows associated with floating rate borrowingswill fluctuate with changes in interest rates The Company manages the interest rate ris ksby entering into different kinds of loan arrangements with varied terms (eg. fixed, floating interest rate, etc)•• I I AS ON

-~S,No, Particulars I 31,03,2017 I 31.03,2016 31,03,2015

Fixed rate borrowings1 IUnsecured Ilonds 37B,51497 366,327.38 355,226212 [Loans from l3anks3 [Loans from others 90,005 13 63,753.76 79,114.39

Total 468,520.10 430,081,14 434,340,60Floating rate borrowings

1 IUnsecured Bonds2 ILoans from flanks 21,20526 12,732.41 12,144,55

I3 Loans from others 623,49530 574,651.04 476,760.62

Total 644,700.56 587,383.46 488,905,17Grand Total 1,113,220,66 1,017,464,59 923,245.77

(Amount in Lakhs)

••••• Credit riskCredit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. Most of the power IS transmitted to threeDISCOMS which are state govt. undertakings. To manage this, the Company based on the past experience periodically assesses the minimum amount ofescrow cover i.e. 75% of previous month Energy Rills have been established to minimise the credit risk that will be recovered from Discerns and same is tobe reviewed from time to time as per position/edging of the receivables accordingly at the level of Higher Management.••••Liquidity RiskLiquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with its financial "abilities that are setlled by deliveringcash or another financial asset. The company's approach is to ensure liquidity of funds to meet its liabilities/obligations when they are due, under both normal,and stressed conditions, without incurring unacceptable losses or risking damage to the company reputation. The Company has a separate section i.e. W&Mresponsible for liquidity, funding etc. In addition, processes and policies related to such risks are overseen by Higher Management. Management monitors theCompany's net liquidity position through rolling forecasts on the basis of expected cash flows There has been no default in repayment of any of the loans orinterest thereon as at the end of the year.•• c.The following are the contractual maturaHes of financial liabilities based.on contractual cash flows

31-Mar-17 (Amount in L~• r-- -Contractual cash flows-r-r-r ,------

Contracutal maturities of financialliabiJities2-5 Years Marc than 5 I TotalWithin 1 year 1-2 Years

YearsUnsecured Bonds 2,895,62 33,986.59 341,63276 378,514,97Term Loans form banks 7,54782 6,990.78 6,66667 21,20516Terrn loans form others 81,205.10 68,441 15 210,153.65 353,700.51 713,500,43Trade and other Payables 132,339.64 132,339.64Security Deposit 10,07517 2054 10,095.70Retention Money 64,85000 8,04351 , ,183.11 74,076.62Finance Lease Obligation 21501 19311 46913 1,23358 2,'10.93

Total 299,128,34 83,689,10 252,459,15 696,566,95 1.,331,843.54

•••••

31-Mar-16 (Amount in Lakhs)Contractual cash flows

Contracutal maturities of financial liabilitiesWithin 1 year 2-5 Years

More than 5 Total1-2 Years YearsSecured Bonds 2,924,56 - 18.123,58 344,679.24 366,32),38Term Loans form banks 1,526,69 7,547.99 3,657,74 12,732,41Terrn loans form others 69,524,22 64,068.22 196,515.49 308,296,87 638,40430Trade and other Payables 108,002.43 108,Ooa3Security Deposit 6,959,72 31.92 2,90 6,994,54Retention Money 73,286,11 6,229.75 885,00 80,400.87Finance Lease Obligation 215.01 193,11 469,13 1,233,69 2,110.94

Total 262,438.75 78,070.98 220,253,84 654,209,80 1,214,973.37

••••

•

1·Apr-15 (Amount in La.,sContractual cash flows

Contracutal maturities of financial liabilitiesWithin 1 year 2-5 Years More than 5 Total1-2 Years Years

Secured Bonds 2,895.62 5,207.49 347,123,11 355,22011lerm Loans form banks 4,098,69 3,45869 4,587.17 12,14455Term loans form others 63,275,53 58,628.18 170,705.49 263,265.80 555,875GOTrade and other Payables 169,22B.61 169,22861Security_Deposit 6,728.00 460.49 0,23 7,1Bi7ZRetention Money 58,23050 2,13362 60,364,IZFinance Lease Obligation 215,01 193.11 469.13 1,233,70 2,11Q,94-

Total 304,671.95 64,874.08 180,969,51 611,622,62 _,,162,138,t&~ R '#:><tI",~~GHAl.cf .

1~~0~1)rb~ ~C:Yt1f~~~)~~

~' \.~.,~ J UR ~ &.~~«~y, . ',t:'{": s;K ~ ~.

~:OACCO'0#flI~ .. '- ~~ ~

•••••••

••Stan dalone

D. The Company has accessed the following undrawn facilities at the end of reporting period(Amount in Lakhs)

•

Particulars 31-Mar-17 31-Mar-16 l-Apr-15FixedRateBorrowingsPFC STL 52 16.50000I\OEl 8275 (0 25% p.a.) 29.238.15 54,551.76 54.913.58KIW (163% p.a.) 32.19605 36.29203 32.75340f..------. Total 77,934.20 90,843.7!__~ __ 87,666.98

FloatingRateBorrowingsPFC -07203044 1.859.77 4.787.50 4.787.50PFC ··07203045 310.39 7,434.36 7.434.36I'FC -07203046 5.35759 5.35759PI C -07203047 1.096.31 1G,01954 16.019.54FC12 2.218.83 2.641 17 3.20046Nl\llN,O - 1 10.48400 16.62400 21.124.00--Nl\llI\RO··2 8.831 00 8.lnl00 13.462 00~-3 7.262 66HUDCO 4.245.59I\D,3 3052 (LiBOR +0.5%) 21.082.08 38.229.01 38.271.90REC 268.350.17 365.09741 491.46611

Total 321,495.23 465,021.57 605,369.04

••••••••

E. Capital ManagementFor the purpose of Company's Capital Management. Capital includes issued equity share capital ,State Government guranteed. non- convertible redeemableBonds and borrowingsexcludingworking capital loans from various financial institutions The primary objective of Company's Capita:Managementis tomaximize shareholder's value and to maintian an appropriate capital structure of debt and equity

• The company manages it's capital using Debt to Equity Ratio which is Total Debt/Total Capital

••Particulars As At As At As At

31-03-2017 31-03-2016 01-04-2015Total Debt 1.113.220.66 1.017,46459 923,246.33~ 268.100.27 247.391.03 185.509.07Debt Equity Ratio 4.15 4.11 4.98

(Amount in Lakhs)

• 39.9 Fair Value Hierarchy:.This section explains the judgements and estimates made in determining the fair values of the financial instruments that are(a) recognised and measured at fair value and(b) measured at amortised cost and for which fair values are disclosed in financial statements. To provide an indication about the reliability of the inputs usedin delerminingfair value, the Company has classified its financial instruments into three levels prescribed under the accounting standard. An explanationofeach level follows underneath the table:•

•Financial assets and liabilities measured at fair value- recurring fair value

Levell Level 2 Level 3 Totalmeasurement as at 31 March 2017Financial Assets:Investment in mutual funds 3.567.87 3.567.B7Investment in unquoted equity instrument 0.01 ~Mise Advances I R gq? 1R _ \

Total 1 3,567.871 ~:~~2.1~ I ---3,567.37 J

(Amount in Lakhs)••

•L Financial assets and liabilities measured at fair value

Levell Level 2 Level 3 TotalAs at 31 March 2016Financial Assets:Investment in mutual funds 1.111.06 1.111.06Investment in unauoted equity instrument 0.01 0.01Misc Advances 8.944.68

Total 1,111.06 8,944.68 1,111.07

•••

Financial assets and liabilities measured at fair valueLevel 1 Level 2 Level 3 TotalAs at 1 April 2015

Financlat Assets:Investment in mutual fundsInvestment in unquoted equity instrument 0.01 0.01MiseAdvances 11.913.38

Total 11,913.38 0.01

••• Fair Values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as tollows

Level 1: This level includes financial instruments measured using quoted prices.• Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the useof"observable market data and rely as little as possible on entityspecific estimates. If all Significant inputs required to fair value an instrument are observab!e.:heinstrument is included in level 2. This level includes mutual funds which are valued using the closing NAV.•••Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3.There have been no transfers in either direction for the years ended 31 March 2017 and 2016.

Fair value of financial assets and liabilities measured at amortised costThe .carrying amount of bonds is equivalent to their fair value.•

•

The fair values for loans.borrowings and non current deposils are calculated based on cash flows discounted at current discount rate. Fair values confer \Illtheir respective amortised costs.The carrying amounts of trade receivables. trade payable.cash and cash equivalents and other financial assets and liabilities are considered as their fairvalue due to short term nature .../

~~.._{(<(

. ~~....~ ~fl.;--... -: ' ..~.!X. ';~~V ,..-%., ~<-:' \~., .

~~\~-«.'~:'".~'?J~~ •.

fb~e~ ~ ..

••••

• Stondalone

• 39.10 Expenditure in Foreign currency F 201617 ± ?015-16L N~I~I__ __~N~il ~

39.11 Amounts receivable as shown under the head trade receivables. loans & advances and other assets and amounts payable as shown under the head•••current liabilities are subject to reconciliation/confirmation.

39.12 As required by the Indian Accounting Standard (Ind AS-38) "Impairment of Assets" issued by the Ministry of Corporate Affairs: the company has carienout the assessment of impairment of assets. There are no external/internal indicators which lead to any impairment of assets during the year

39.13 In the opinion of the company, the current assets and loans & advances are of the value as stated in the accounts, if realized in the ordinary course ofbusiness.••39.14 All assets and liabilities arc presented as current or non-current as per the criteria set out in Schedule III of the Companies Act, 2013. Based on thenature of the products, power generating process and realisation, the Company has ascertained its operating cycle of less than 1"2 months Accordingly 12months period has been considered for the purpose of current I non-current classification of assets and liabilities

• 39.15lnformatlon pursuant to the provision of part II of schedule 111of the Companies Act

•[ S. No. C,'''''' ~ zots "

Provisional-2014-15 \2015-16

A):1)-Licensed Capacity---- --- ------ --- --Not applicable Not applicable Not applicable

II) Installed Capacity of oartnersruo pro ects(MW _ 3,28830 853.44 853.44

I'l)Energy Account (I'rovlslonal) (In MU)J!-et Generation (f'artnershlp Projects) ____ _ 2 915 16 3,428.91 2,824.94

Power Sold ___ _I) Outside the State (MU) i (14771 (8685 25708

Total (I) (147.71) (86.85) 257.08

II) Within the State (Gross) (MU)C) (a) Jaiour Discom 1,166.07 1,371.57 1,101.73

(b) Airner Discom 816.25 960.10 819.23

(c) Jodhpur Discom 932.85 1,097.25 90398

Total (II) 2,915.16 3,428.91 2,824.94

Total (C) (1+11) 2,767.46 3,342.06 3,082.02

Units Transmitted in MU (Net) :[I) JWNL 28,251.72 28,682.70 26,658.15

D) II) AWNL 19,901.54 20,586,93 19290.55

III) Jd,WNL 22,969.02 22,090.47 21,29376

Total (D) 71,122.28 71,360.11 67,242.46

'Note: 1he figures are provisional as they can be finalized only on finalization of global accounts,

••••••••••••••••••••••••••••

•••••••••••••••••••••••••••••••••••• ----~-~~------~~-~-------~---.-...--..-.------._-c._~~..._.,~ _

Standalone

39.16 Disclosures as per Ind AS 12 'Income Taxes'

Reconciliation of tax expense and the accounting profit multiplied by India's tax rate:(Amount in Lakhs)

For the year For the yearPARTICULARS ended ended

31.03.2017 31.03.2016Profit before tax 1,453.47 -Tax using compan{s domestic tax rate 20.39% 296.35 -Add: Tax Effect of Adjustement bywhich Bookprofit need to be

-Increasedfor tax purposes 14.99265Less.TaxEffect of Adjustementbywhich Bookprofit needto be

-decreasedfor tax purposes 15.09020Roundinfoff 1.21 -Tax as per Statement of Profit & Loss 200.00

Tax lossesl temporary deductible differencel tax credit carried forward

Particulars 31-Mar-17 Expiry date 31-Mar-16 Expiry date

Unused tax losses for which no deferred tax has been recognized 297,349.65 No Expiry 217,627.86 No ExpiryTemporarydeductibledifference for which no deferred tax has been

224,71835 No Expiry 262,45840 No Expiryrecognized

(Amount in Lakhs)

IMATCredit Available to the company in future but not recognized in the book

Financial Years 31-Mar-17 Expiry date 31-Mar-16 !':xpirydateFor the_year2016-17 198.79 31 03.2027 -For the_year2015-16 1,89469 31.03.2026 1,894.69 31032026For the year 2014-15 ~ 12.36 31 03.2025 12.36 31.03.2025-------

(Amount in lakhs)

••••••••••••••••••••••••••••••••••••.--

39.17 Transition to Ind AS Stondalone

These are the company's first standalone financial statements prepared in accordance with Ind AS. For Periods upto and including the year ended31 March 2016. the Company prepared its financial statements in accordancewith Indian GAAP . including accounting standards notified under theCompanies (Accounting Standards) Rules 2006(as amended). The effective date for Company's Ind AS Opening Balance Sheet is 1April 2015(thedate of transition to Ind AS)

The accounting policies set out in Note I have been applied in preparing the financial statements for the year ended 31 March 2017, thecomparative information presented in these financial statements for the year ended 31 March 2016 and in the preparation of an opening Ind ASbalance sheet at 1 April 2015 (the Company's date of transition) In prepaiing its opening Ind AS balance sheet, the Commpany has adjusted theamounts reported previously in financial statements prepared in accordance with the accounting standards notified under Companies (AccountingStandards) Rules, 2006 (as amended) and other relevant provisions of the Act (previous GAAP or Indian GAAP)

Any resulting differences between carrying amounts of assets and liabilities according to Ind AS 101 as of April 1 2015 compared to thosepresented In the Indian GAAP Balance Sheet as of 31 March 2015, were recognised In the equity under retained earnings withi Ind AS BalanceSheet

An explanation of how the transition from previous GAAP to Ind AS has affected the Company's financial position. financial performance and cashflows is set out in the following tables and notes

Exemptions and Exceptions availed

Accordingly the Company has prepared the financial statements in accordancewith INOAS for the year ending 31 march 2017. In preparing suchstatements the opening balance sheet was prepared at 1 April 2015, the company's date of transition to INO AS.The note explain pnnclpatadjustments made in order to restate its Indian GAAP financial statements including the balance sheet as at 1 April 2015 and financial statementsas at and for the year end 31 March 2016.

EXEMPTIONS:

INO AS 101 allows first time adopters certain exemptions from the retrospective application of certain requirements under INO AS.The companyhas applied following exemptions:

1.Deemed cost: Ind AS 101 permits a first-time adopter to elect to continue with the carrying value for all of its property, plant and equipment asrecognised in the financial statements as at the date of transition to Ind AS, measured as per the previous GAAP and use that as its deemed costas at the date of transition after making necessary adjustments for de-commissioning liabilities. This exemption can also be used for intangibleassets covered by IndAS 38 Intangible Assets and investment property covered by IndAS 40 Investment PropertiesAccordingly, the company has elected to measure all of its property, plant and equipment, intangible assets and investment property at theirprevious GAAP carrying value

2 Estimates An entity's estimates In accordance with Ind ASs at the date of transition to Ind AS shall be consistent with estimates made for thesame date in accordance with previous GAAP (after adjustments to reflect any difference in accounting policies), unless there is objective evidencethat those estimates were in errorInd AS estimates as at 1 April 2015 are consistent with the estimates as at the same date made III conformity With previous G.A..L\P

3. Borrowings: As per Ind AS 101 If It is impracticable for an entity to apply retrospectively the effective interest method in Ind AS 109, the fairvalue of the financial liability at the date of transition to Ind AS shall be the new amortised cost of that financial liability at the date of ira osition toInd ASs.

Borrowings consists of loans that have been drawn in multiple trenches in different financial years with varying interest rates. Also sorre I oar-s areoutstandina from last 10 years

••••••••••••••••••••••••••••••••••••.:r"-~-'<

Stondalone

Reconciliations between previous GAAP and Ind ASInd AS 101 requires an entity to reconcile equity, total comprehensive income and cash flows for prior periods. The following tables represent the reconciliations from previous GAAP \0 Ind AS.

IAmountin La~k<~)1<Apr-15

_[_Adjustments as per IntiA.S______ +________ _ ~ln~d~A~S~__ t-------< I

I 991.176521991.389131' (21261)

394.898 1B (42988) 394.468301.19274 (10865) 1,084081

00111,91338

ParticularsPrevious GAAP-

Non-current assets

31wMarw16Adjustments as pe~t_ Ind'AS_ Ind AS _

I II

10740121511968.70)!i

(1.59439)1 460.871.69

\

1,00848

001

I8,94468

12,371.60 II

I

1.061 1.12606598.14 124.23341689 32.912.65

29.47

5.74855

11.99080)~ 68.711.8011.89469) 15.953.80

2.980.0915,842.(9) 1,808,904.45

Notes

~A~S~S~E~T~S----------4----~-------_'Previous GAAp·

(a) Property. Plant and Equipment

10)Capital wcrk-in-proqress(C) Illtangibir assets(d) Financial Assets(~)Investments(il; Others (to be specified)

(e) Deferred Tax Assets(net)(f) Other non current assets

Current assets(8) Inventories(b) Financial Assets

(i) InvestmentsIii) Trade Receivable(iii) Cash and cash equivalents(iv) Bank balances other than

(iii) above

ll') Loanslvi) Others (to be specified)'c) Current Tax assets (Net)d) Other current assets

a, c. f

b.r

1.074,980.85

462.466091,008,48

0,018.944.68

12,37160

1,12500123.635.2732.905.76

2947

5.748.5570.702.6117.848.502.980.09

L .Total Assets

II EQUITY AND LIABILITIESEquity

1

(a) Equity Share capital(b) Other Equity

\ LIABILITIES

I

Non-current liabilities(a) Financial.Liabilities

I (I)Borrowmqsi (ii) Other financial liabilitiesi (b) Provisions

I

(C) Deferred tax liabilities .(Net)

(d) Other non-current liabilities(e) Deferred Revenue

! Current liabilities

I

, (al Ftnanciat LIabilities(I) Borrowtnqs(II) frade Payabtes

I, (iii) Other .iinan_ci~ihabiiiiies (other thanthose specified In Item (e)

I (b) Other ""?" liabilities

I(e) Provisions(d) Current Tax Liabilities (Net)

b. a

c. f

1,814,746.94

354.200.00(104.364.35)

900.0623653,224.9419.087.98

I

50.92503·27,845,561

I

2.307651

260.850,211

8.116.49240,596.38

1,894.69

354.20000(106.80897)

00111,91338

(2.444.62)

II

43.426 n I(4417944)\

(3140ii

943.489139.045.5019.08798

244 8,64747

50.9250327,81416

8,64503

iI

(1.08903)1369.92\

1.218.62261,2201-3

250097.3332922.291,61

2947

25.009-1.693.88 (360.60)22.259.83 3178

29.47

5.733.9769.242.98 (1.878.03)11.256.90 113000)

3.174.45 58741,617,454.95 13,026.80)

5.7339767.364.94

8.11649240.596.38

11.894.69)

":::::1328.900,00(143,39093)

328.900,001139.929.95) I 13.460.99)

820.62139 32.354541 852 97593

36.075 n 131.58545) 4.490.28

16.95726 16 95726

45.62837 48.49 45.676.8523,526.<18 1295) 23.52354

i II10.00056\ 5370 I 10 054.26

2.613.71 (1.39509)1 1 .21862109453 237 .nRO 131

235,98610

6.B16.13 6,81613

230.129.17 (3.60) 130 _125.57

130.00 113000)

__ ',,140428.1511,617,454.95 13,026.80)Total Equity and Liabilities 1,814,746.94 15,842.49) 1,808,904.45'The previous GAAP flqures have been reclassified to conform to Ind AS presentation requirements for the purpose of this note

~=~-"'~o,.r"· .."""'"",,~.~~.... _. ~--.--- ..... --

• Stan dalone.,•.,.,•.,.,•.,•••.,••••••••••••••..••••.,•

Reconcialiation of total comprehensive income for the year ended 31 march 2016

(Amount in Lakh s)---_INotes ~Previous GAAP~--~-Particulars Adjustments Ind As

'Re-venue From Operations--~ -- -

f 270.835.92 318.87 271.154.79Other Income

- ----d.t 11.030.52 14.71 11.045.23f-- -~.--~----- -------~ --

Total Income 281,866.44 333.58 282,200.02

--- ~.--------EXPENSES

115869 j- ~-~------- ----- 1----Generation & Other Direct Expenses 1 15869------ 1-----Repairs & Maintenance t----~_:!_--- 12411 89 1---- __ ~06) 1---_____11_~:J_§_:l_f--:-:--------------- - ------------Employee benefits expense e.t 78.07785 (22,O5~~ 56,02691Finance costs a.b.I 73. 58,!J.Q_ 241.35 73,825 "!_§__Depreciation and amortization expense a.c.t 65.988.61 2,525.07 68,513.68

ather expenses----

a.c.f 38,917,95 (30446) 38,61349Total expenses 270,139.10 (20,027,04) 250,112,06

Profitf(loss) before exceptional items 11,727.34 20,360.62 32,087.96Exceptional Items - -

'Prior Period Income f (2,689,50) 2,689.50Profit/(Ioss) before tax 9,037.85 23,050,12 32,087,96Tax expense:

----- 1---. --(1) Current tax / e 1.894,69 4,702.35 6,597.05(2) Income Tax (Earlier year tax) --t---

-- t---. (644) (644 )Profit (Loss) for the period from ____ 7_,_14s.:~I--- 18,347,76 ~~97,~

'Other Comprehensive Incomef-A (i) Items that will not be reclassified toprofit or loss e

(22.03375 )- (22,033,75) t------(ii) Income tax relating to items that willnot be reclassified to profit or loss e

I_-~---_~~~o-n§~----- 4L~02 35B (i) Items that will be reclassified to

-.'. "~-" . .'. -.~~~ Iprofit or lossf--------. --

ii) Income tax relating to Items that willbe reclassified to profit or loss

Total Comprehensive Income for theperiod 7,1;9,59 3 8,16516 I

--------- --------- - -_-_ -~- ---_*The previous GAAP figures have been reclassified to conform to Ind AS presentation requirements for the purpose of this note,

Reconciliation of total equity as at 31 March 2016 and 1 April 2015

(Amount in Lakhs)Particulars As at 31.03.2016 As at 01.04.2015

Total Equity as per previous GAAP 249,835.65 188,970.05- ----_-_ --

Adjustment of prior period error --r---------- ....__ . (2,58160) (3,32~~~-Recognition of financial assets/liabilities at amortised cost 0.13 007--_-----_ .._-- ------- (136:3~ase adjustment (21454)- --1----- ------'-Fair valuation of investments

-------Spares 35140 ,... - ..(i;'GO;

-----Total Adjustment

-(2,44462)-

Total Equity as per Ind AS I 247,391.03 185,509.07 IReconciliation of total comprehensive income for the year ended 31 March 2016

(Amount in Lakhs)Particulars 31.03.2016

Net Profit (+)/ Loss (-) for the period as per Indian GAAP 7,149.59Net increase /Decrease due to SD &.RM 0.06Net increase IDecrease due to Capital spares 351.40~P-r-io--r~p~er~,o-d~0-f~2~0-1-5--1~6-a-d~jU-s-te-d-i~n-r-et-a~in-e~d-e-a-rn~in-g--------~------~---7-4-2~1---- --------=--~---I_--- ...-----..---Lease adjustment ~.7j_Acturiol Loss +_

---8,165.96

•• Notes to ReconCiliationf~andalone

• a] Property, Plant and Equipment

IND AS 16 requires the Company to capitalise certain items of spare parts which are meeting definition of Property. plant and equipments as per Ind AS 16 as PPE. Under previous GAAP these sparep arts wererecognized as inventories During the year ended 31-03-16 the gross value of Pf'E has increased by an amount of f 3.61 371Hhs with corressponding increase in profit due to reversal of repair anamamtenance expenses Depreciation on these assets was charged in the statement of profit and Loss of t 9 911akhs

•DUringthe year ended31-03,·16-valucofPPE has increased by an amount of ~ 2335 45 Lakhsw r.t. Prior Period restatemem OaM Spares. anti ammorusatioo of leased land as finance lease DepreCiation onthese assets was charged in the Statement of Profit and Loss of f 87,66 LakhsbJFinancial Liabilities

Under previous GAAP liabilities such as retention money. security deposit etc are recorded at COS!Under Ind AS_liabilities in which the company have a contractual Obligation to deliver cash are classified astmancrar liabilities and recorded at amortised cos: Ineretore such financial liabilities have been discounted at present value so that they do not carry any interest The upfront benefit on transition dale due totnediscounting has been adJuste::1against the retained earnings

•••

rne effect of adjustment resulted In reduction Of value of financial liabilities by 1 44! "18 Lakhs along with corresponding Increase in retained earnings of f D,O} and 't 447.7 CWIP as on transition date Dunl~gthe year ended 31st March 16 the value of rmanc.at liabilities was reduced by? 1146 75 iakhs with corresponding increase of f 1146 69 t.akhs in CWtP and 1 0 06 lakhs Statement cr Profit & Loss

•c) Land under Finance Lease

Under previous GAAP.leasehold land was capitalised at an amount equal to the upfront payments made at the time of lease, However, under Ind AS. such leases are capitalised at the present value of the totalminimum lease payments to be paid over tile lease term Accordingly, totaltease payments are now being recognized as "Finance Lease Obligation" at their present value The effect of the adjustment hasresulted in increase in non current financial r.abiJitiesby f 1895,94 Lakhs. current financial liabilities by l215,01 Lakhs towards finance lease obligations, PPE by ~ 1974.07 and net reduction in retained earningsby ~ 13687 Lakhs as at 1st April 2015 During FY 2015-16. there was reduction in non current financial liabilities by ~ 0,01 Lakhs towards finance lease obligations and decrease of 't 77_68in PPE tovarusammortisation

• d) Fair valuation of Investments

Under previous GAAP. the company accounted for current investments in mutual funds at cost. Under Ind AS. the company has recccoraeo investment in mutual funds as FVTPL investments, Ind AS requi resFVTfJ[_ investments to be measured at fair value The resulting fair value changes in these investments have been recognized in the statement of Profit & Loss

• This has resulted in increase in cronr by f 1 06 during the year 31st March 2016 with corresponding increase in value of investment in mutual funds by t 1_06as at 31st March-2016.e) Employee Benefits

Both under Indian GAAP and JNDAS, the company recognized costs related to its post employment defined benefits plan on an acturial basis Under Indian GAAP, the entire cost including acturial gainllos s arecharged to profit or loss. Under IND AS , remeasurements are recognized in Other Comprehensive Income.As a result profit for the year ended 31 March 2016 has increased by ~ 17331,39 Lakhs (net of tax) with corresponding decrease in Other Comprehensive Income during the year••fl Prior period Items

Material prior period errors are corrected retrospectively by restating the comparative amounts for the prior periods presented in which the error occurredg) Retained Earnings

Retained Earnings as at1 April 2015 has been adjusted to the above IND AS transition adjustments Refer Heconciliation Of Total Equity' as at 31 march 2016 and 1 April 2015' as given above• h) Other Comprehensive Income

Under Indian GAAP the company has not presented Other Comprehensive Income sepetatery Hence indian GM!' profit or loss ISreconciled to total comprehensive tncom~

•Impact of Ind AS adoption on the statement of cash flow for the year ended 31st March, 2016

----'-'--.--,.-.,.----- ...---. - ---'--.----- ..-.-.-.---. ---. ~.-.----.- ---........,..,,--.--.------ " ... Amount In Lakhsl_,-------------.- .. -r- ._._.~rti~Ia_r_s_ +_ ~~loUS_~A~ _j A~~st""'.:'~.. __ _l_n~._ ~Net cash flow tram ~perat,ingaC~IVI~IeS .. .... . _ ± 151.6~O_62_j. _~.276 2~ 158,_911.90Net ';-ash~w from ,nv~;t,~g~---==_-=----:-_==_-_~=_ ----_~__- ~=-::_~- ==_ ('8i451:9:ii:=~_=JiiiIoo) I -=-~-(iB4472~Net cas" flow~rom finanCing actiVIt~~ ._.. ._.. __ _ ~ _ _ _ __ !!57~~4 i _ ~_~5 1~ 1_ _~Zl~~~_~Cash and caSh.equivalents as at 31st March 2-O~_5 .---.-- __ - - - - ~_ _ ~ __~8_2_~i ! 3,£'j __ _ ~~_9_1_!>5J

lit 756 49 I- (23 82) t, 73267------~-- - --1-- --34-:04523_L-=== (2152)_-= ~=24.ii23.72------Cash Flow From Operating activities under Ind AS has increased mainly due to reclassification of other bank balances from cash & cash equivalents to working capital changes and decrease of cash flow 'frominvesting activities as a result of capitalisation of O&M spares. Further cash flow from finanCial activities increased due to recognisttion of Noncurrent financialliabililies at present value and finance chargeonfmance lease obliQalion

••••••••• 39 19 Figures have been rounded off to the nearest rupee. wherever considered necessary

• 39_20During the year some of the accounting policies have been added! rewordedl redrafted! modified for belter presentation and 10bring them in line with the accounting standards. However these changeshave no matenal impact on the finanCial statements

39.21 Previous year figures have been regrouped and re-arranged. wherever considered necessary• ~~or~ on beh.Wofthe RVPN Ltd.

(Ashok Pradban)(Jirector {Final\Ce}- CfO

DIN~

(Vljay Mathur) L-Company SecretaryM.No. FCS 3509

.-~J"](s.n~"hot"'

Chairman & Managil1giArectarDIN 0099274<

~ (N.K.Mathu~

••• Place JaipurDale 2B-OB-2017 Chief Controller of .J\Q)unt~••

••••••.- .~-----------------.~--------------~ .----~----.---.----

Standalone

IFormAOC-1( Pursuant to first proviso to sub- section (3) of section 129 read with rule 5 of Companies {Accounts) Rules, 2014)

Part "A" : Subsidiaries(Amount in Lakhs)

1 S. No. 1 2 3 4 5 6 7 8Banswara Barmer Keshoraipat;~n Lake City Pink City Thar Power Hadoti Power Barmer Power

2 Nameof the Thermal Power Thermal Power Gas Thermal Trasmission Trasmission TransmissionSubsidiary Power Company Services Services Transmission TransmissionCompany Ltd Company Ltd Ltd Company Ltd. Company Ltd. Co.Ud. Co. Ltd. Co. Ltd.

ReportingPeriodfor Sameas that of Sameas that of Sameas that of Sameas that of Same as that of Sameas that of Sameas that of Sameas that ofthe Subsidiary Holding Holding HoldingCompany Holding Holding Holding Holding Holdingconcernerd,If different Company Comeanv Company Comoanv Company Company Company

3 form holding01.04.2016 to 01.04.2016 to 01.04.2016 to. 01.04.2016 to 01.04.2016 to 01.04.2016 to 01.04.2016 to 01.04.2016 tocompany'sreporting31.03.2017 31.03.2017 31.03.2017 31.03.2017 31.03.2017 31.03.2017 31.03.2017 31.03.2017period

ReportingCurrencyandExchangerateas

4 on the last date of the NA NA NA NA NA NA NA NArelavantFinancialyearin the case offoreignsubsidiaries

5 ShareCapital 5.00 5.00 5.00 29.96 25.62 5.00 5.00 5.006 Reserve& Sua>!us (908.56) (1 353.55 (203.:.44) (29.96 (25.62 (1.44 (1.48 '1.447 TotalAssets 3453.95 878.85 0.12 - .. 5.00 5.00 5.008 Total Liabilities 4357.51 2,227.40 198.:56 - - 1.44 1.48 1.449 Investments - - - - .. - .. ..10 Turnover - - .. - .. .. .. ..11 Profit beforetaxation (26.20 (178.67) (1.17 (0.00 .. (1.44) (1.48) (1.4412 Provisionfor taxation .. - .. .. .. .. .. ..13 Profit after taxation (26.20 (178.67) (1:17) (0.00 .. (1.44) (1.48) _(1.44114 ProposedDividend .. .. .. .. - .. .. ..15 % of shareholdirm_ 100% 100% 100% 100% 100% 100% 100% 100%

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Standalone

~ • • • • • • • • • • • • • • • • • • • • • • • • • « • • • • • • • • • •

"'N(Amount in Lakhs)

o, 0, Name ot Joint Ventures NIL1 Latest audited Balance Sheet Date NIL2 Shares of Joint Ventures held bv the comoanv on the vear NIL

-In Nos. NIL- Amount of Investment in Joint Venture NIL- Extent of Holding % NIL

3 Description of how there is sianificant influence NIL4 Reason why the joint vemure is not consolidated NIL

5 Net worth attributable to share holding as per latest auditesNIL

-6Balance Sheet ..-'-ProfiU Loss for the vear NIL

I Considered in Consolidation NILII Net Considered In Consolidation NIL ..-

Notes·1 Names of associates or joint ventures which are yet to commence operations

NIL

Names of associates or joint ventures which have been liquidated or sold NIL2 durina the vear

As per our Audit Report of even date

~~~ ),,{_( Ashok Pradhan)

Director (Finance) - CFODIN 0 918805

(VijllY a hurCompany SecretaryM.No. FCS 3509

For & on behalf of t~e RVPN Ltd,

(sanj:;t·'!:l)Chairman & Irl:naging Director

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INDEPENDENT AUDITOR'S REPORT

ToThe Members ofRajasthan Rajya Vidyut Prasaran Nigam Limited

Report On the Standalone Ind AS Financial Statements

We have audited the accompanying Standalone Ind lIS Financial Statements of RajasthanRajya Vidyut Prasaran Nigam Limited ('the Company'), which comprise the BalanceSheet as at March 31, 2017, and the Statement of Profit and Loss (including othercompr-ehensive income), Statement of Cash Flows and Statement of Changes in Equity.for the year then ended, and a summary of significant accounting policies and otherexplanatory infcrrnation (hereinafter referred to as Standalone Ind AS FinancialStatements).

Management's Responsibility for the Standalone Ind AS Financial Statements

The Company's Board Of Directors is responsible for the matters stated in section 134(5)of Companies Act 2013, ('the Act') with respectto the preparation of these StandaloneInd AS Fiha.ncial Statements that give a true and fair view of the financial position,financial performance (including other Comprehensive Income), cash flows and changesin equity of the' Company in accordance with the Accounting Principles generallyaccepted in India, including the Indian Accounting Standards (Ind AS) specified undersection 133 of the Act, read with relevant rules issued thereunder.

This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Companyand for preventing and detecting frauds and other irregularities; selection and.application of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design, implementation and maintenance of adequate

..internal financial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records, relevant to the preparation and presentation ofthe Standalone .lrid AS Financial Statements that give a true and fair view and are freefrom materiaLmisstatemen t,'whether due to fraud or error. .

Au ditor' s .Responsibil ity

Our resp~n~ibility is to express an opinion on these Standalone Ind AS FinancialStatements based on our audit.

We have taken .into account the provtsrons of.the Act, the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made thereunder and the order under section 143(11)ofthe·Act.' .. ; . .. -

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We conducted our audit in accordancewith the Standardson Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assuranceaboutwhether the Standalone Ind AS Financial Statements are free from materialmisstatement.

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Anaudit involvesperformingproceduresto obtainaudit evidenceabout the amountsandthe disclosuresin the StandaloneInd ASFinancial Statements.The proceduresselecteddepend on the auditor's judgment, including the assessmentof the risks of materialmisstatement of the StandaloneInd AS Financial Statements,whether due to fraud 0,error. In makingthose riskassessments,the .auditor considersinternal financial controlsrelevanttothe Company'spreparation of the StandaloneInd ASFinancial Statementsthat give a true and fair view in order to designaudit proceduresthat are appropriate inthe circumstances. An audit also includes evaluating the appropriateness of theaccounting policies used and the reasonablenessof the accounting estimates made bythe Company's Directors, as well as evaluating the overall presentation of theStandaloneIndASFinancialStatements.

We believe that-the audit evidencewehave obtained is sufficient and appropriate toprovide a basisfor our auditopinion on the StandalonelndASFinancialStatements.

Basisfor Qualified Opinion

Wedraw attention to the matters describedin Annexure 'A' to this report, the possibleeffects on the StandaloneInd ASFinancialStatementsof misstatements, individually orin aggregate, that are undetected dueto our inability to obtain sufficient appropriateaudit evidenceasmentioned in the said annexure,which are material but not pervasive.Ouropinion is qualified in respectof thesematters.

Qualified Opinion

Inour opinion andto the best of our information and accordingto the explanationsgivento us, e.x~eptforfhe possibleeffects of the matter describedin the Basisfor QualifiedOpinion.paragraph, the aforesaid..StandaloneInd A5 FinancialStatements read together..with the matters described in the 'Emphasisof Matter' paragraph,give the informationrequired. by the Act in the manner sorequiredand give. a true and .fair· view in::conformity with the accounting. prlnciples generally accepted in India including the Ifld(·AS;of the fihancial position of-the Companyas at 31stMarch 2017,·and its finanCial~'.<

. pel'forrnanc~induding Other ComprehensiveIncome, its cash flows, and the statementof Changes'in Equity for the year endedon that date.

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Other Matters

The comparative financial information of the company for the year ended 31st March2016 and the transition date opening balance sheet as at 1st April 2015 included in theseStandalone Ind ASFinancial Statements, are based on the previously issued statutoryFinancial Statements prepared in accordancewith the Companies (Accounting Standards)Rules, 2006 audited by us and our report fOI"the year ended 31st March 2016 and 31stMarch 2015 dated 31stAugust 2016 and 31st August 2015 respectively expressedQualifiedopinion on thoseTinancial Statements, as adjusted fOI"the differences in the accountingprinciples adopted by the company ontransition to the Ind AS,which have been auditedby us.

Report on Other Legaland Regulatory Requirements:

1. As required by the Companies (Auditor's Report) Order, 2016 ('theOrder') issuedby the Central Government of India in terms of section 143(11) of the Act, wegive in the Annexure 'C' statement on the matters specified in paragraphs3 and4 of the Order, to the extent applicable .

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2. We are ~nclosing our report.tn.terms of Section 143(5) of the Act, on the basisofsuch check of the books and. records of the company as we consideredappropriate and according to information and explanation given to us, in the.Annexure '0' on the directions and sub-directions issued by the Comptroller andAuditor General of India.

3. Aslhe Company is governed by the Electricity Act, 2003, the provisions of the.said Act haveprevailed wherever they have been inconsistent with the provisionsofthe CompaniesAct, 2013,

4. Asrequiredby section 143 (3) of theAct, we report that:

a) We have sought and, exceptfor thepossible effects of the.matters describedIn.the Basisfor Qualified Opinion paragraphobtained all the information andexplanations which to the best of our knowledge and belief were necessaryfor the purpose of our audit; .. ,

Except for the possible. effects of. the matters, described in the BasisforQualified. Opinior, pilr~8r2ph, in n'If 0rinfon proper books of accounts as .

; J~CJuifedby law have been' kept 5y the Companyso far as appearsfrom our.. ",exClIl1i'qatiorr of those books. . .. .

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c): ~:theBalante Sheet; the .Staterrient o(Profit and Loss, the Stetementof.Cash .. -FLowsand the Statement of Changesin Equity dealt with by thisReport are in. "agreementWIth the 'booksof accounts,'.", .. .

. ····d) '~E~~ePCJ~r·the P?ssible. effects of the matters, described. tn .the .Basisfor" c- :q_oaufied ·Opin'ion··.·.para'graph,.the 'aforesaid"Standalone Ind 'AS·Financial

Statements complywith .the Jnd AS specified under section 133 of the Act,,r~ad with retevant.rutes issued thereunder, . . '

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e) Being a Government Company, Pursuant to Notification Ho. G.S.R, 463(E)dated 05.06.2015 issuedby Ministry of Coporate Affairs, Government of India,provision of sub section (2) of section 164 of Act are not applicable to thecompany.

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. f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls,refer to our separate Report in "Annexure E".

g) With respect to other matters to be included .in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules. 2014inour opinion and to the best of our informations and according to theexplanatior, given-to us:

1) Due to possible effects of the matters described in the BasisforQualified Opinion paragraph, the company has disclosed theunpact of pending litigations in the Financial Statements andreport - Refer ,Note 39.1 to the Standalone Ind AS Financial,Statements; . .

2) Due to possible effects of the matters described in the Basisfor.Qualified Opinion paragraph, the company has not made anyprovisions for any material forseeable lossesin LongTerm Contractincluding derivative contracts.

3) Therewas no'alTioJntwhich was required to be transferred, to theInvest()r EducationsandProtection Fund by the Company.

4) The Companyhas provided requisite disclosures in the StandaloneInd ASFinancial Statements as 'to holding as well as dealings in

.. Specified Bank Notes during the period from 8 November2016, to.30 December 2016. Basedon audit procedures and relying on the,managem'erilrepreseritation, we report that the disclosures are in'accordance with books.of accounts maintained by the Company

> and as produced lCl,uS by the.Mariagement - Refer Note 39.16 to. the Standalonelnd ASFiriaricial Statements; . '

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Annexuro A - Referred to in our report under "Basis of Qualified Opinion" paragraph

Shared Projects

Refer to Note No. 32.2 to the Standalone Ind AS Financial Statements _ RVPN ishaving shared project with Satpura Thermal Power station situated in M. P. andshare of RVPN in this project is 40%. All the five units of this project have beensold at a price of Rs 77:75 crores in the year 2015-16. But accounting of the salehas not been done in the books of RVPN. In absence of information/ details weare unable to comment on the effect of the same on Standalone Ind AS FinancialStatements.

2 - Refer to Point NO.1 (d) & 12(ii) of "Significant Accounting Policies" with regardto. policy for accounting of Property, Plant Et Equipment (PPE), Revenue andExpenditure of Shared Projects, our observations in this regard are as under: _

a. The assets, liabilities, revenue and expenditure are accounted for in the'Standalone Ind AS Financial Statements on the basis of unaudited financialinformation in caseofBBMB project and on the provisional basis in case ofMPTradeCo project. We have not carried out any audit procedures to verify thefinancial figures of these shared projects accounted for in the Standalone IndAS Financial Statements of the company and therefore we are unable to

. comment and give any opinion on the balances accounted for in the books ofaccountss of the company.

b. Capital Work-in-Progress (CWIP) includes Rs. 107.76 Crore being CWIP ofshared projects for which complete details are not available and includebalances which are outstanding since long without any details of its natureand capitalization.

c. PPE (Gross Block) inCludesRs. 328.82 Crore being proportionate share of PPEof shared projectsJorwhich asset-wise complete details are not available andare notreconciled.- In absence of complete information, we are unable tocorrirnentthe impact of the same on PPEand depreciation thereon.. " . - '. , ~.. . - - ....

Re\e~•Point No.1(Ii) (a) 6f"Sii;i (Jsa~t'Af¢9u~ting PolIcles' regard fng chargiry! .of depreciation on share project)PEfrom;the year subsequent to the year in .which assets are completed, which is not in accordance with Ind AS 16"Property, Plant and Equipnlent".......... -_ .- ..-- .. .'._ ,.' ,,;-- '-, .. _ ;'.:

, I~ji~",cif i~~bmpl~i~;GO'~dit&#i p(ovi?i6nai financial information, accounting'~systeni arid poliCies adop~ed bYjoinLventures"otbet.matters as reported\above....and in absetice of c()mplete information relating to Joint Venture Arrangement,- ~e are Unable to. cOmment on figures of shared projects. incorporated in theStandalone Ind.AS FinancialStaternents' ofthe company and whetherare> in accordance with the'Ir'id ASc28 "Investthents in Associates aridYentures" and Ind AS:110 "Consolidated FinarkiaLStatements".

Branches: *lJhhvadi*bJruiralll * Mumbai *

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EmployeeBenefits

.03 Refer Point No. 14 of "Significant Accounting Policies" regarding provisions for

EmployeeBenefitsin respectof Gratuity, Pension,LeaveEncashmentbeing madeon the basisof Actuarial Valuationfor defined benefit plan and contribution paidto PFTrust is recognizedas expenditure. We have observed that provisions forEmployeeBenefits is not in accordancewith Ind AS-19"Employee Benefits" forthe reasonsasstated below: _

a. Noprovision for shortfall, if any, in PFtrusts hasbeen made by the companyin accordancewith Ind AS-19 "Employees Benefits". As the company hasliability to contribute towards shortfall, if any, in PF Trusts which inaccordancewith Ind AS-19"Employee Benefits" makesthe plan as defin2dbenefit plan and any shortfall needs to be provided as per the ActuaryValuation at the year-end. in absenceof information/details weare unabletocomment on the effect of the .sarne on Standalone lnd AS FinancialStatements.

b. ReferNote no. 16.4 to the Standalonelrid ASFinancial Statements regardingdebit balances (net of provisions) of Gratuity and Superannuation Trustamounting to Rs.9.61 .CroreandRs. 52.93 Crorerespectively, the impact ofwhich on PlannedAssetsandObligations cannot be commented upon asthecomplete detailsare (lot available.

Property, Plant & Eflu1pment, Capita! V!ork-in-Progtess and Depreciatio-n

4 The leasehold lands and freehold landshave been acquired pursuant to powersector reformsscheme.Value of these landshasbeen incorporated in the booksas allocated by the said schemeand differs from the value mentioned on titledeeds andthe title. deeds pertaining to these lands are still in the name oferstwhile RSEBand in many casesthe documentsare'either not available maredeficienL .. . .

Point No. 2 of "Sighificant Acc()unti~gPOlides"regard(ng Current Asset retiredfrom..,active use and held for. disposal.is shown as "Assets not In Use" under"Current Assets".and valued.,at written down value instE;ad...of ,lower,of its"Carrying amount", and,"Fair Value lessCostto,sell" which isq6t in acco\dance.with r~;3 15 2f1nd A$-105 "~bn current assets,h2ld for s::leand discontitlued

.".op~ratiOn$;'issuedby;the ICAL In .absenceof complete informatioql d~tailsweare una.bleto cornm'enton the irnpactof ,the same on the Standalone Ind AS

, Finantia'C'Sfalemerits> . .

,~ii~?'"%'¥~o37.1·t~';he 5f~ll~aioiiiih,?AS Financial 5tat"~nerits.regardi os:accountingof price variation Claims'or1materials amounting to Rs. 5.65 Crorechargedto Statement-ofProfit and Losswhereasit hasbeen observedthat most.of materials ISSUEd. are charged to. CWIP/ PPE and therefore it is not inaccordancewith Ind:AS-16"Property Plant & Equipment" issuedbythe ICAI.ln

, Clbse~ceof cornplete informationl details We are,unable to ,comment:on the.imp~t;L_o~e same 'on theStanda.loneIna ,ASFinancialStatements. ..\~l;,'i~,<, :;. ., •.~~~~~~ ll~"h'" • Bhiwad]• G'"'g''''' • M~mb'i•

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7 Refer to Point No. 3(ii) of "Significant Accounting Policies" regardingcapitalization of Employees Cost and Office & Administration Expenditure ofcertain units amounting to Rs. 220040 (rore (including certain non-eligibleexpenses) on ad-hoc percentage basis without identifying such expensesspecifically attributable to construction of a project or to the acquisition of PPEor bringing it to its working condition, which is not in accordance with Ind AS-16"Property Plant & Equipment". Consequential impact of the same on theStandalone Ind AS Financial Statements is not ascertainable.

Inter -Company and Inter-Unit Balance reconciliation

8 Refen~ote No. 16.2 to the Standalone Ind AS Financial Statements where in thedifferences between inter-cornpany accounts balances as at March 31,2016 havebeen disclosed by the company. The reconciliation for the year 2016·17 has notbeen made by the C:ompany. In absence of details of such differences and

. pending reconciliation, we are unable to comment on the effect of the same onthe Standalone Ind ASFinancial Statements of the C:ompany.

9 Refer Note No. 16 to the Standalone Ind AS Financial Statements where in thedifferences between inter-unit accounts balances amounting to Rs. 1;05 Crorehave been disclosed by the company. In absence of reconciliation and details, weare unable to comment on the effect of the same on the Standalone Ind ASFinancial Statements of the Company.

General

10 Balances ofTradeRecelvables, Trade Payables, Suppliers, Contractors, Loans andAdvances, Staff Related Liabilities and Advances and other debitand other creditbalances are subject to. confirmations, and necessary adjustments uponreconciliation and are net of debit/credit balances. In absence of properrecord / details we .are unable to express an opinion about the irnpact thereof onthe Standalone Ind AS Financial Statements.

Refer Note No. 27.1 to the Standalone Ind AS Financial Statements regardingamount ,.ofRs.41AO Croresshown under "Other.Current Liabilities"and Rs, 10.63Cror.es sh()wnunder "()therCurrent Assets" beh1g balance allocated through FRPas :i~10.07.2000 for;;ijhich corr.plctc cetail:; are not a vailablc.

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Annexure B - Referred to in our report under "Emphasis of Matter" paragraph

1. Refer Note No. 10.3 to the Standalone Ind AS Financial Statements a sum ofRs.280 Crores in respect of JWNL, JDVNL and AWNl. has been written off duringthe year as decided in the 262nd meeting of Gourd of Directors dated 28.08.2.017 .

2. Refer Note No. 16.3 to the Standalone ind AS Financial Statements regardingReconciliation of Inter Company Transactions wfth Discoms and RVUNL upto year2015-16, where amount of Rs. 15.70 Crores has been written off as Bad Debtsduring the current year 2016-17 as dedded in the 262nd meeting of Board ofDirectors dated28.08.2017;

3. Refer t~ote No. 34.4(v) to the Standalone Ind ASFinancial Statements regardingobligation towards pension due to transfer of trust assets to successor companieswhich are under reconcialation!scrutiny and no such claim has so far beenintimated by other successor companies since long period. Looking tothe alreadyheld excess liability ofRs. 904 (rores, theadditionalliability of Rs. 425.74 Croresfor 2016-17 in respect of suprannuation has not ,been created and remainingprovision of Rs. 478.26 Crores hos been retained in the anticipation of claims andextra liability which may arise on irnplernentatton of the 07th pay commission byGOR. . .'

4. Refer Note No 1.3 to the Standalone Ind AS Financial Statements. regardingdetails of original cost and accumulated depreciation received on unbundling ofe~stwhHe RSEB' are not available and taken at NIL value and accordingly saleproceeds 9f such PPEare shown asJevellue as "Other Income". '.. ',' .-- . . '. - _. -- .' .; .. "', . '. .

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7. Refer Note No. 18.1 to the Standalone Ind ASFinancial Statements regardingnon- .creation of Bond RedemptionReserve (BRR)out of the current year's profits forthe reasonsas stated therein.

8. Refer Note No. 25 to the Standalone Ind ASFinancial Statements, the company..has not identified the Enterprises qualifying under the definition of Medium andSmall Enterprises, as defined under Micro, Small and Medium EnterprisesDevelopment Act, 2006 (i'IIS/AED).As a result no disclosure is given, as perrequirement of Schedule III to the CompaniesAct, 2013, with regard toamountsunpaid as at the year~end together with the interest paid/payable under theMSMEDAct. .

9. Refer Note No. 39.1 to the Standalone .lnd AS Financial Statements regardingContingent liabilities amounts as disclosed in respect of claims/pendingcourt Iarbitration flegal/tax cases and Commitments in respect of estimated amountsof contract remaining to be executed on capital account have not been properlycompiled and ascertained and not disclosed in caseof shared projects, asper IndAS 37- "Provisions, Contingent Liabilities and Contingent Assets". In absence ofcomplete details, we areunable to quantify the same.

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10.Delayed payment Chargesfrom Consumersis being accounted for as income. Asexplained to us Details and Period of calculation are not available. During theyear a surnof Rs1;07 crore Viasaccounted for as income in the same manner.

'Ac2O-rding i6 .the i~formatior1 and 'e~plari~tion'given to 'us; during ttle .year the ...'com'panyhas not. accepted any'deposlt{frorti the public withinthe'iTie~nirig of

. .... Sectio'n73& 76 or any other releVan'tprovisio'nsof the ,CompaniesAct 2013.

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ANNEXURECTO THEAUDITORSREPORT

(Referred to in paragraph 1 under "Report on Other' Legal and Regulatory Requirements"in the 'Independent Auditors Report' of even date to the members of Rajasthan RajyaVidyut Prasaran Nigam Limited on the Standalone Ind AS Financial Statements for theyearended March 31, 2017)

1. (a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets except in case of fixed assets'of shared projects, where no proper details have been maintained.

(b) As. explained to us the company has a regular programme of physicalverification of its fixed assets bywhich fixed assets are verified in a phasedmanner every year. In accordancewith this program, certain fixed assetswereverified during the year and no materiatdiscrepancies were. noticed on suchverification. In our opihion, the periodicityofphysic'al verification is reasonablehaving regard to the size of the Companyand the nature of its assets..

(c) According to the informations and explainations given to us and on the basisofour examinations of the records of the Company, the title deeds of immovableproperties are held in the name of the Company except Land Et Rights whichhave been acquired pursuant to Power Sector Reform Scheme, are in the nameof erstwhile RSEBand the same have been continued as it is.

2. As iriformed to us Inventories havebeen physicalverified during the year by theCompany. No material discrepancieswere noticed on suchverification. In ouropinion, the frequency of verifieation is not reasonable.

As informed to us, the company has not granted any loans, secured orunsecured to any Companies, Limited Liability Partnerships" Firms or otherparties listed in the register rnaintained under Section 189 of the CompaniesAct; 20t3. Therefore, the provisions of the clause 3 (a) and (b) are notappl.icablel6the i:'ompariY~ .

,In .6:, b~rhlOh'and ".dcordlng "to.tll~'j"(girn.l;6~',Od eipial~llo~'~iVen.',to. Us,',......th~re are no loans, gl1arante~s, irivestm'ehls. and 'securities grarited/provided in

~esp~ctof~.hkh provision ofsectiohJ85'and ,186of the CompaniesAct; 2013areapplis?bl~ ,ai)dhence notcomment~d iJpor,: : . .. .' .

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6,As per information given to us, Cost Records under section 148 (1) (d) of theCompanies Act, 2013 for the activities carried out by the company have beenprepared for the Financial Year 2015-16, however, we have not made a detailedexamination of such records with a view to determine whether those areaccurate and complete, As informed to us, cost records for Financial Year2016-17 are under preparation; hence We are unable to verify the same .

7. (a) As explained to us, the company has been generally regular in deposit.ingundisputed statutory dues with appropriate authorities, including Provident Fund,Income tax, sales tax, custom duty, excise duty; service tax, cess and othermaterial statutory dues applicable to it. Further according to the informatioil ftexplanation given to LIS, no undisputed amounts payable in respect of aforesaiddues, whichwere in arrear as at 3L03_2017for a period of more thansix month

' from the date they become payable except, Refer Note No. 27_1 to theStandalone Ind AS Financial Statements regarding old statutory liabilities ofRs.3.18 crores of erstwhile RSEBperiod for which adequate details are notavailable. ' ,

(b) According to the infor-mation and explanation given to us, there are no duesof sales tax, income tax, custom duty, wealth tax, excise duty, service tax andcesses which have not been deposited on account of any dispute except thefollowing demands:

Name of Nature of Amount Rs. In Period to Forum where disputethe Statute the Dues lacs which it is pendingrelates

Wealth 31.13 RSEBperiod Rajasthan High Court

In oUr,opinion and according to the information and explanation given to us, the'corri'pany has not defaulted in.repayment6f dues .to any financial institution or,bank or debentures Or bonds holders durihg the year.. " ",:"_ :. ' "_:'_' ", " ',:- ....:." -,'

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Based,tJPbh;the Audii Ptqcedures. perforhi~d';~h'd.,the informatIOn ~nd.e)(plaination '~,'"glven:by the;:management, the, Company has not raised moneys by Way. of ihitialpublic offer' or furthe~ publicoffer" As. per the information and explanationprovided by the Company term roans W.ere raised during the' year and were

' , appliedfor~he purpose for which theywere raised, ' , ,.' _",~ .. ; :-...

,; -' .-~A~co(d;ihg'i()':th~ :infb;~afion' ahd;e)(pfan~t.1ons"gi~en'to us, .,ri~'materi~'l'it~Ud .byth~ C<)~pahy"'()r onthe Company6y'itSbffictir~ br.e'mployee's ha; b~e0n6tiC,€:dor

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I11. According to information and explainations given to us and based on our'

exam ination of records of the Company, the Company has paid I provided formanagerial remuneration in accordance with the provision of Section 197 readwith Schedule V to the Act.

12. In our opinion and according to the information and explanations given to us, theCompany is not a Nidhi company. Accordingly, paragraph 3(xii) of the Order is notapplicable.

13. According to the information and explaination given to lJS based on ourexamination of the records of the Company; transactions with the related partiesare in compliance with Section 177 and 188 of the Act wherever applic:able enddetails of such transactions have been disclosed in the Standalone Ind ASFinancial Statements a~ required by the applicable Accounting Standards.

1"1. According lothe information and explainations given to us imd based on ourexamination of the records of the Company, the Company has not made anypreferential allotment or private placement of shares or fully or partlyconvertible debentures during the year.

15. According to the information and explainations given to us 'and based on ourexamination of the records of the Company, the Company has not entered intonon-cash transactions with Directors or persons' connected with them.Accordingly, the provision of clause 3(XV)of the Order is not applicable.

According to the information and explanations given, to us, the provisions ofSection 45'IA of the Reserve Bank of India Act, 1934 are not applicable to theCoITipany.

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ANNEXURE DTO THE AUDITORS REPORT

(Referred tOinparagraph 2 under "Report onOther Legal and Regulatory Requirements"in the 'Independent Auditors Report' of even date to the members of Rajasthan RajyaVidyut Prasaran~igam Limited on theStandalone Ind ASFinancial Statements for theyear ended March 31, 2017)

Report on the matters specified in the directionsissued by the Comptroller andAuditorGeneral of India under section 143(5) of the CompaniesAct, 2013 ('the Act')

General Directions

'. Directions

.1.

Auditor's Replies on Action TakenI on the Directions

The company is having cleartitle/lease deeds for entire '.freehold and leasehold land exceptLand & Right which have beenacquired pursuant to Power SectorReform Scheme, details regardingthe area of the said land is riotinformed to us. The title deedspertainingtothese assets are in thename of erstwhile RSEB.

Whetherthe companyhas deartitle Ileasedeeds for freehold andleasehold landrespec:tively? If not,please state the area offreehold and leaseholdlandfor whichtitle/lease cJeeds arenot aVailable.

Toreport whether thereare anycases of·wa,yerlv.rrite off ofdebtslloans/interestetc: I(yes,'the reasonstherefore' and the

Refer Note No. 10.3 to the Revenueof.

Istandalone Ind ASFinancial standalone Ind.Staternentsof thecompany, a sum ASFinancial.ofRs. 28,000 Lacs (Rs. 11 ,200Lacs, StMetlleht.sis C

Rs.B,960Lacs and Rs.7,840Lacsof undetstatedJVVNL,JDVVNLan d AVVNL ..................•' .' by Rs. 29,570respectively} has been written off' Lacs and'dyring We yeaf29J 6-1.7- ..RefefNote·No."16.3 to·thestahda[one Ind':ASFinanctal.

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IRs. 6.83 Crores of JVVNL and Rs.I 1.71 Crores of JDVVt~L)couldn't beadjusted so far, despite of bestefforts. Therefore, the same hasbeen written off by the company. during the year.

by Rs~28,000Lacs andCurrent NonFinancialAssets -Others ofstandalone IndASFinancialStatementsare

I understatedby Rs. 1,570Lacs.

Not ApplicableWhetherproperrecor-ds.are maintained forinventories lying withthird parties and assetsreceived as gift fromGoverntnent' or otherauthorities,

Asinformedto us, there is no suchinventory as on 31.03~2017 and noassets received as gift fromGovernment or other authoritiesduring the Financial Year 2016~17.

--------'._--_._----------,CornpanyiSector Specific Directions (sub directiO~__j

Auditor's Replies on impact~~----- IDirections Action Taken on the Financial

Statements

II,

Is the system of evacuation ofpower commensurate with power

'\ available for transmission with'•••'.,.'gE;n~rating company? If not:, toss, if,.', any c:taimedby the,generating

cOh'lpanxmay be commented.

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GOROHAN !;NCLAVE. lind !=LOOR •4B. YUPHISTER MARG, C- SCHEME.JAIPUR'-302005PH. : OFF 2228131-32-33 FAX-2228134

3. Whether the assets constructed andcompleted on behalf of otheragencies and handed over to themhas been properly accounted for inthe financial statements.

--~------rc.~~~--~As explained to us Not Applicableassets constructedand completed hasbeen handed over andaccounted to as andwhen work completedand certified by the

I other agencies.


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Our audit inv?lves performing procedures to obtain audit evidence about the adequacyof the internal financial co~trols system over financial reporting and ,their operatingeffectiveness.,Our audit of internal financial csntrols over financial"reporting included,,obtainlng<an understanding of internal finanCial controls over financial, reporting,.,asses.slngtQetis~that amater'ialweakness eXists"andtesting andevaluatingthe design',a1)<:I".Op~fAtlng,:'\eff¢~tivelles~·,of, internal ••",.cbhtrols·,.""based"pn""the assessed:risk., The'proce,du'res's.electedoependon the auditor's judgement,' including,theassessment()fther'lsk'ofnlat~rial nlisstatement of the StandaloneInd ASFinanCialStatements, whether' due tOfraud or error, '

evidencewe haveobtained is sufficientand appropr-jatetcaudit opinion onthe Company'sinternal financial controlssystem

I,i

Annexure E.;_Report on Internal Financial Controls under Section 143(3)(i) ofthe Companies Act, 2013 ('the Act')

We,have.aUdited the internal finanCial controls over financial reporting of RajasthanRaJYaVidyut Prasaran Nigam Limited ('the Cornpanvj as of March 31, 2017 inconjullction with our audtt of the Standalone Ind AS FinanCial Statements of theCOmpClnyfortheyear endedon that date.

Management'sResponsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteriaestablished by the Companyconsidering the essential componentsof internal Controlsstated in the Guidance Notes on AUdit of internal financial controls over financialreporting ('the GuidanceNote') issuedby the Institute of CharteredAccountantsof India(,leAl'). Theseresponsibilities include the design, Implementation andmaintainance of"adequate internal financial controls that were operating effectively for ensuring theorderly andeffiCient ,conductof its business,including adherenceto Company'spolicies,the safeguardingof its assets, the prevention and detection of frauds and errors, theaccuracy,and completenessof the accounting records, and the timely preparation ofreliablefinancial information, as required under the CompaniesAct, 2013 ('the Act') .

Auditor's Responsibility

Our responsibility is to expressan opinion on Company'sinternal financial controlsmerfinancial reporting basedon our audit. ,Weconducted our audit in accordancewith theGuidanceNote and the Standardson Auditing issued by the ICAI and deemed to beprescribed u/s 143(10) of the act to the extent applicable to an audit of internalfinancial controls, both applicable to an audit of internal financial controls and, bothissuedby the ICAI.Those.Standardsand,the ,guidance.note.•require that .we,complywithethicalrequirements and pl(ln and perform the audit to obtain reasonable assurance,about. whether adequate. internal financial controls over financtal reporting wasestablished and maintained and if such controls operated effectively in all materialrespects.· '. .: .. .

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Meaning of Internal Financial Control over Financial Reporting

A CompJny's Internal Financial Control over Financial Re[Jorting is a process designed toprovide reasonable assurance regarding the reliability of financial reporting and thepreparation of Financial Statements for the exter-nal purposes in accordance withgenerally accepted accounting principle. A company's internal financial control overfinancial reporting includes those policies and procedures that

(1) Pertains to the maintanence of records that, inreasonable details, accurately andfairly reflect the transaction and dispositions of the assests of the Company.

(2) Provide reasonable assurance that transactions are recorded as necessary topermit preparations of Financial Statements in accordance with generallyaccepted accounting principles, and that the receipts and expenditures of theCompany are being made only in accordance with euthorizatlon of managementof the Company. '

(3) Provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition,use, or disposition of the Company's assests that couldhave a material effect on the Financial Statements.

Inherent Limitations of Internal Financial Control over Financial Reporting

Because of the Inherent limitations of internal financial contr-ols over financialreporting, including the possibit.ity of collusion or improper management ovprric1f~ ofcontrols, material misstatements due to erTor or fraud may occur and not be detected.Also, projection of any evaluation of interhal,financial controls over financial reporti!lgto future periods are subjecttothe risk that the internal financial controls overfinancial reporting may become inadequate because of changes in conditions, or that.the degree of compliance with the policies or procedures may deteriorate.

Opinion

In-our opinion and to the best of our informationand according to the explanat.ions givento us, the Company has, inall material respects, an adequate tnternal financial control.systern overfinantial reporting and such internal financial control system over financialrepdrtingwereoperating effectively, asat Ma:rch ~l,·2017, based on the internal.cQntrolqver fi'nancial ;rep'Orting cr1t~ria "established by the Company considering the 'essential.compbnents of internal controls sta ted inthe guidanCe note issued by the !CAl; "

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MANAGEMENT REPLY ON THE OBSERVATIONS OF STATUTORY·

AUDITORS IN THEIR STANDALONE AUDIT REPORTFOR 2016-17.

1.

2. (a)

Annexure - A

This has already been disclosed at Note No. 32.2.

Revenue and expenditure have been accounted for on the basis ofannual summary/accounts provided by B8MB in respect of 8BMBshared projects. In case of MP TradeCo, adhoc provisions for O&Mexpenditure reiating to MPPGCL have been made equal to theamount of last audited accounts figures made available by theMPPGCL. This has already been disclosed in accounting policy No.·l.4(b). Final accounting adjustment shall be made on receipt ofactual audited accounts from MPPGCL.

(b)

(c)

As per information received from share projects regardingRenovation and Modernization expenses being work of capital natureand other works of capital nature, the same are being accounted for

I in CWIP head. A~ and when work completion inform~tion receive,d,the same are being transferred to works completed I.e. PPE. The

I detail of work completed during the year is avaiiabie as provided by IBBMB on yearly basis.

t--------'---+-~-----------___:_':"-___:--,----___=___:____:__:_---'-_:_'__:_lThe matterregarding to providing of PPE register of shared projecthave already taken up with .SBMB and MPEB but the same are stillawaited. However, RVPN is maintaining the Block Wise Asset Detailsand depreciation is being provided accordingly.

(d) In the details of wbrkscompleted/Non Completed WIP provided bythe shared projects (BBMB & MPEB) the date of purchase/put to useof the assets is not mentioned. Hence it has been assumed thatassets were put to use at the end of financial year & accordinglydepreciation is calculated. The matter for providing of PPE Registerof .shared .projects with BBMB & MPEB has beenJaken up, but-thesame is still awaited.

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4. Most of the title deeds of lands allotted/acquired before 18.0'1.02(erstwhile RSEB) have been transferred in favour of RVPN. Forremaining lands/title deeds of lands concerned field authorities havebeen requested-to get title deed registered in favour of RVPN .

LHowever, the same also noted for compliance in future.

r-------S=--.---- This has already been disclosed at Accounting Policy No.2 and alsonoted for compliance in future.

!-----~.---_T~---~~~-~~-~~~~--~~--~-~-~-6. The material issued from ACOS is used for both capital works and

maintenance work and it is very difficult to add PV amount to eachitem. Hence, charge toP&L although the directions have been issuedfor proper booking of expenditures on account of price variation

L7~.---,I-:I;ij:~asalready been disclosed at point no.3(ii) of the Significantaccounting policies. It is practically difficult to identify the constructionof a specific project or the acquisition of a specific PPE towhich suchemployee cost and office & administration expenditure can beattributed.

8. The reconciliation work of inter company account for2016-17 is in progress.

9.

10.

I The reconciliation work of inter-unit account is in progress.I .~~---~~--~~--~~-~--~---I Efforts are being made to obtain confirmation of balances from everyagency.

11. This has already been disclosed at Note No. 27.1.

1. (a) The detailed item wise Prpperty.Plarlt & Equi.pment(PPE) register,duly tallied. 'with .the BalancEr·Shee,~,••·has been iprepared "up....•to:31.03.2017. i Complete item .wise aqditions / deletion. during thefinancial y~ar 2016-17 areshowrjJHerein.'

The PPE. of .shared projects,?f~ physically located alIhe place'swhere the Shared Power .St~tions are situated. Therefore 'PowerStation Wise"PPE r~ isters arebein ·maintained in res ectof share'

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project located at Rajasthan and for others block-vv'ise PPE registersof our shares is maintained at our locations. . .

. ..(b)

(c)

2.

7. (8)

IThe PPE are. physically verified every year and the verifie.ation· ofPPE for 2016-17 is under progress by the Unit Officers. The PPE ofRVPN is mainly related with transmission network in Rajasthan. Theflow of power in network proves the existence of all equipments inplace and proper working.

As per record, there are 430 properties vested In the name oferstwhile RSEB. After unbundling of RSEB, these properties are tobe transferred In the name of RVPN. Out of these, approx 370

I properties have already been registered in the name of RVPN inrevenue recordss and approx 60 properties are still to be registeredin the name of RVPN in revenue records for which concerned fieldauthorities have been advised to expedite the same at the earliestpossible.

RVPN having four major stores, two at Heerapura (Jaipur), one atBeawar and one at Jodhpur, their detailed physical verification wascarried out twice during the year 2016-17 hence this frequency ofverification is reasonable.

Factual. This has already been disclosed at Note No. 27.1.

I 3 to 6, 7MIFactual. ----j~ nd 8 to_1_6---'_'---- ---,-__ --'--- .~'---- __ _:__'"'---- _ _'_'__ _

On behalf of the Board ofDirectors,

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Place : Jaipur. Dated: 28.08.2017

~~-:J..w;I

(Sanjay Malhotra)Chairman & ·ManCiging Director

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COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OFINDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT, 2013 ONTHE FINANCIAL STATEMENTS OF RAJASTHAN RAJYA VIDYUTPRASARAN NIGAM LIMITED FOR THE YEAR ENDED 31 MARCH 2017

The preparation of financial statements of Rajasthan Rajya Vidyut Prasaran

Nigam Limited for the year ended 31 March 2017 in accordance with the financial

reporting framework prescribed under the Companies Act, 2013 (Act) is the

responsibility of the management of the company. The Statutory Auditors appointed

by the Comptroller and Auditor General of India under Section 139(5) of the Act are

responsible for expressing opinion on the financial statements under Section 143 of

the Act based on independent audit in accordance with the standards on auditing

prescribed under Section 143(10) of the Act. This is stated to have been done by themvide their Audit Report dated 28 August 2017.

i.,

I, on behalf of the Comptroller and Auditor General of India, have conducted

a supplementary audit under Section 143(6)(a) of the Act of the financial statements

of Rajasthan Rajya Vidyut Prasaran Nigam Limited for the year ended 31 March

2017. This supplementary audit has been carried out independently without access to

the working papers of the Statutory Auditors and is limited primarily to inquiries of

the Statutory Auditors and company personnel and a selective examination of some of

the accounting records. Based on my supplementary audit, I would like to highlight

the following significant matters under Section 143(6)(b) of the Act which have come

to my attention and which in my view are necessary for enabling a better

understanding of the financial statements and the related Audit Report:

A. Comments on Financial PositionBalance Sheet(I)LiabilitiesNon-Current LiabilitiesDeferred Revenue (Note NO.23)~ 421.12 crore

poM- ~ The above is overstated by <149.61 crore due to inclusion of unspent fundsM .~~

fo' \~ received towards KFW Grant ~146.88 crore) and Power System

Development Fund Schemes I and II ~.73 crore} from Ministry of New &


transmission system. Consequently, Current Liabilities is unde.~~rid· to the. " '.~.'--'same extent.

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./B.



Limited (PGCIL) on account of Yearly Transmission Charges (YTC), already


122.20 crore (~ 71.82 crore in 2015-16 & ~ 50.38 crore in 2016-17) from the


'Transmission Revenue' in the Financial Year 2015-16. This has resulted in

overstatement of 'Trade Receivable' and overstatement of 'Other Equity

(Surplus)' by ~ 75.25 crore .

Comments on ProfitabilityStatement of Profit and Loss(I)RevenueOther Income (Note No. 31) ~ 63.90 crore



net share of sale of shared projects with Satpura Thermal Power Station, This

fO f\,Ji- has resulted in understatement of 'Other Income' by ~ 24.49 crore,

. . overstatement of 'Non-Current Assets' by ~ 5.80 crore and overstatement of



•

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provided (February 2017}the details of share amount of sold units of Satpura

to the company.


MIs Dedicated Freight Corridor Corporation of India Limited which were




issued in the previous years, hence; according to the Ind AS-8 and the policy

approved by the Board of Directors of the Company, the income was to be

accounted as 'prior period income' in the current year accounts. This ~R~?J.

resulted in overstatement of 'Other Income' and understatem~~~~~".QtherG~~ ~?>\~'

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Equity (Surplus)' by ~ 5.92 crore. The profit for the year has also beenoverstated to that extent.

'(II) Expenses\ (i) Generation & Other Direct Expenses (Note No. 32) ~ 20.41 crore


i()"Expenditure of Satpura Thermal Power Station for the year 2015-16. This hasf\ .,-Joy~D resulted in understatement of Current Liabilities (Other Financial Liabilities)

and overstatement of profit by ~7.51 crore.

(ii) Repairs &Maintenance Expenses (Note No. 33) ~ 133.38 crore



rt~ up to March 2017. This has resulted in understatement of Current Liabilities{J:-. /tAr 'V (Other\ vi' Financial

~ 28.21 lakh.Liabilities) and ofoverstatement profit by

(iii) Depreciation and Amortization Expenses (Note No. 36) ~ 734.53crore


(~ 25.66 crore upto the period March 2016 and ~ 22 crore for the periodApril

2016 to January 2017) on items valuing \' 437.67 crore completed lip to

M- __~~arch 2016 but commissioned in January 2017 in respect of construction

~e works of 765 KV GSS Phagi (along with associated works). Further, the


. instead of~ 2.32 crore on the remaining amount of~ 212.69 crore capitalized


. overstatement of depreciation and amortization expenses by ~ 23.19 croreand

understatement of 'Other Equity (Surplus)' and 'Property, Plant &


C• Comments on Disclosure





completely provided for the current year liability of its own e~~~\ (as

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Government of Rajasthan had not decided upon implementation of



requirement of Para 75 ofInd-AS 16 (Property, Plant & Equipment).


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RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITED

MANAGEMENT'S RESPONSE TO THE COMMENTS OF THE C&AG ONTHE STANDALONE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR2016-17.


Balance Sheet

(I) Liabilities


','(II) Assets

The necessary adjustment entry will be made in the financi alyear 2017-18 .



ill Revenue


(ii)The content of the audit observation is noted forcompliance in future .

un Expenses


(ii)Efforts would be made to make accounting more accura.tein future with the help of SAP.

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(iii) The depreciation wrongly charged will be rectified in thefinancial year 2017-18.


(i) The content of the audit observation is noted for properdisclosure in financial statements for the year 2017-18.


On behalf of theBoard of Directors

Place: [aipurDate: 14.12.2017 ~~

Chairman &Managing DirectorRVPN

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GORDHAN ENCLAVE, lind FLOOR,48, YUDHISTER MARG, C- SCHEME,JAIPUR-302005PH. : OFF 2228131-32-33 FAX-2228134

Auditor's Report

We have examined the Balance Sheet as at 31st march, 2017, the Statementof Profit and Loss Account and Cash Flow Statement for the year ended onthat date, attached herewith of State Load & Dispatch Centre (SLDC) unit ofRajasthan Rajya Vidhyut Prasaran Nigam Limited, Jalpur.

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We have obtained all the information and explanations which, to the best ofour knowledge and belief, were necessary for the purpose of our verification.

We certify the Balance Sheet, Statement of Profit and Loss Account and CashFlow Statement are in agreement with the books of account maintained bythe unit .

The adjustment pertains to the IND AS are not made in these Financia IStatements.This audit report is a part of main Audit report dated: 24.08.2017.


For S. Singhal & Co. 'Chartered Accountants

FRN:001526C

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RAJASTHAN RAJYA VlDYUT PRASARAN NIGAM LIMITEDJAIPUR

CIN: L40109RJ2000SGCOl6485Location: - LOAD & DISPATCH JAIPUR (SLDC UNln

BALANCE SHEET AS AT 31st MARCH. 2017(Amount In Rupees)U Particulars Note No. As at 31st March 2017 As at 31st March 2016

I ! ASSETS -I 1)i Non-CurrentAssets! i (a) Property. Plant and Equipment 1 108,161,589 113,377,608I

(b) Capital WOrK-ln-Progress 2 2,635,745 426,813(c) intangible Assets -(d) Financial Assets

(I) Investments -Iii) Others -

(e) Deferred Tax Assets (Net) -(D Other Non-CurrentAssets 3 614,355 613,871Total Non- Current Assets 111411688 114418293

2) Current Assets

I (a, Inventories - -Ib) Financial Assets

(i) Investments - -(ii) Trade Receivable 4 39,492,798 1,010,568(iii) Cash and Cash Equivalents 5 549,419 356,339(iv) Bank balances other than (iii) above -(v) Loans 6 18,747 40(vi) Others 7 3,942,207,716 3,949,142,425(c) Current Tax Assets (Net) 8 1,185,657 -(d) Other Current Assets 9 1,294,245 269,385Total Current Assets 3984748582 3950 n8 757

Total Assets 4.096,160,271 4.065,197.050

EQUITYAND LIABILITIESEQUITY

(a) Equity Share capital 10 10,687,410 10,687,410(b) Other Equity 11 -246,823,062 -187,054,826Total EQuitv -236,135652 -176.367,416

I LIABILITIES

I 1) Non-Current Liabilities

(a) Financial Liabilities

(i) Borrowings 12 25,649,788 28,499,764

(ii) Other Financial liabilities 13 1,830,581 3,087,252

(b) Provisions

(c) Other Non-Current Liabilities 14 4,288,348,680 4,191,582,478d) Deferred Revenue - -Talai Non - current liabilities 4313829049 4223149494

2) Current Liabilities

(a) Financial Liabilities

(i) Borrowings

(ii) Trade Payables -(iii) Other Financial Liabilities 15 16,813,693 17,514,611(other than those specified in item (c)

(b) Other Current liabilities 16 1,413,497 642,230(c) Provisions 17 239,683 258,131

(d) CurrentTa>1:liabilities (Net) - -Tolal Current liabilities 18466873 18414972

Total Equity and Liabilities 4.096.160,271 4.065.197,050

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CIN: L40109RJ2000SGC016485Location: - LOAD & DISPATCH JAIPUR (SLDC UNIT)

STATEMENT OF .PROFIT AND LOSSFOR THE YEAR ENDED 3f MARCH 2017

(Amount in Rupees

Particulars Note For the year ended 31st For the year ended 31stNo. March 2017 March 2016

Revenue:Revenue From Operations 18 161,666,969 270,424,027Other Income 19 19,854,668 18,052,198

Total Revenue 181,521,637 288,476,225

Expenses:Generation & Other Direct Expenses 20 94,393,207 90,978,687Repairs & Maintenance 21 1,112,614 1,460,044Employee Benefits Expenses 22 110,660,000 92,820,074Finance Costs 23 9,116,760 3,192,147Depreciation and Amortization Expenses 24 7,475,527 8,034,645Administrative and Other Expenses 25 11,886,169 10,727,892

Total Expenses 234,644,277 207,213,489

Profit I (Loss) Before Exceptional Items and Tax -53,122,640 81,262,736

Exceptional Items: - -

Profit I (Loss) Before Tax -53,122,640 81,262,736Prior Period Income/(Expenses) -6,645,595 -79,581,264

Profit I (Loss) Before Tax -59,768,235 1,681,472

Tax Expense:Current Tax

I- -

Income Tax (Earlier year tax) - -Deferred Tax - -

IProfit I (Loss) for the year -59,768,235 1,681,472

Other Comprehensive.lncome:-A(i) Items that will not be reclassified to profit or loss - -(ii) Income tax relating to items that will not be reclassified

to profit or loss - -B (i) Items that will be reclassified to profit or loss - -

(ii) Income tax relating to items that will be reclassified toprofit or loss - -

Total - -Total Comprehensive Income for the year -59,768,235 1,681,472

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- RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITEDCASH FLOW STATEMENT FOR THE YEAR ENDED ON 31ST MARCH 2017,

CIN: L40109RJ2000SGC016485Location: - LOAD & DISPATCH JAIPUR (SLDC UNIT)

(Amount in Rupees)Particulars Current Year Previous Year{A}Cash flows from oeerating activities:-Net Profit before Taxation (59,768,235) 1,681,473Add:Depreciation 7,475,527 8,034,645Add:Interest & Finance charges 9,116,760 3,192,147Operating profit before working Capital Change (43,175,948) 12,908,265

(Incremental)/Decremental Sundry Debtors (38,482,230) 70,065,826(Incremental)/Decremental Loans & Advances (1,204,847) (10,445)(Incremental)/Decremental Other Current Assets (948,001) (78,887,566)Incrementall(Decremental) Current Liabilities & Provision 100,439,281 4,259,381

59,804,203 (4,572,804)Net Cash from Operating Activities (A) 16,628,255 8,335,461

{8} Cash Flow from Investing Activities:-Purchase of Fixed Assets (2,259,508) (2,744,973)Capital Work in Progress (2,208,931) 0Net cash From Investing Activities (8) (4,468,439) (2,744,973)

;

{C} Cash Flow from Financial Activities:-Receipts from Long term LoansRepayment of Long term Loans (2,849,976) (2,849,976)

Interest & Finance Charges Paid (9,116,760) (3,192,147)Net cash in used Financing Activities (C) (11,966,736) (6,042,123)Net Increase/(Decrease) in cash and cash equivalents 193,080 (451,635)

Cash and cash equivalents at beginning of period 356,339 807,974

Cash and cash equivalents at end period 549,419 356,339Net Increase/(Decrease) in cash and cash equivalents 193,080 (451,635)

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(Amount In upeesGross Block Accumulated Depreciation Net Block

Particulars Account Code Balance as Balance as Balance as Balance as Balance as at 31.03.2017 Balance as at 31.03.20161at 01.04.2016 at 31.03.2017 at 1.04.2016 at 31.03.2017

A. Tangible AssetsBuildings 2102001 49,212,453 51,214,540 (12,512,592) (15,042,819) 36,171,721 36,699,861 .

-Plant &Machinery 2105001 145,900,248 146,524,782 (86,617,259) (91,133,910) 55,390,872 59,282,989

-Lines & Cable Net Work 2106001 - 486,639 - (135,725) 350,914 -

-Vehicles 2107001 1,696,452 1,696,452 (1,526,807) (1,526,807) 169,645 169,645

-Furniture & Fixtures 2108001 6,719,964 6,729,233 (1,148,708) (1,560,'765) 5,168,467 5,571,256

-Office Equipments 2109001 89,246,388 89,309,641 (77,592,528) (78,399,669) 10,909,972 11,653,860

Total 292,775,504 295,961,287 (179,397,894) (187,799,695) 108,161,589 113,377,608

RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM LIMITEDCIN: L40109RJ2000SGC016485

JAIPUR

Note No. 1-: Non-Current Assets - Property, Plant and Equipment. R ) I

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As at As at-

Account CodeParticulars31.03.2017 31.03.2016

2140001-A. Capital Work in Progress*214000~ 196,344 -2222040-8. Capital Inventory and Stores:2222072 2,439,401 426,813

Total (A+B) 2,635,745 426,813

Note No. 2-: Non-Current Asset - Capital Work in Progress(Amount in Rupees)

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Note No. 3-: Non-Current Non Financial Assets- Others

Particulars Account Code As at 31.03.2017 As at 31.03.2016

Advances to Suppliers I Contractors 2252001 614,355 613,871Other Receivables -

TOTAL 614,355 613,871

(Amount in Rupees)

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Note No.4 :- Current Financial Assets - Trade Receivables

Particulars Account Code As at 31.03.2017 As at 31.03.2016Debts outstanding for a period exceeding six months from Due Date ofPaymentSecured. considered good 2236001, 2239001,

39,492,798 1,010,5682238001Unsecured. considered good - -Doubtful - -Less: Provision for doubtful debts - -

Total (A) 39,492,798 1,010,568Other DebtsSecured, considered good - -Unsecured, considered Good - -Doubtful - -Less: Provision for doubtfui debts - -

Total (B) - -TOTAL(A+B) 39,492,798 1,010,568

(Amount in Rupees)

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Particulars Account Code As at 31.03.2017 As at 31.03.2016For SLDe 2238001 39,492,798 1,010,568

Total 39,492,798 1,010,568

(Amount in Rupees)

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Note No. 5-: Current Financial Asset - Cash and Cash Equivalents(Amount In Rupees)

Particulars Account Code As at 31.03.2017 As at 31.03.2016Balances with banks

Current Accounts 2244030,2244220,2296410 502,242 283,496

'-Collection Accounts 2243000-2243902 35,901 55,932Cash on hand 2241011-2241099 11,:76 16,911

TOTAL 549,419 356,339

Note No. 6-: Current Financial Assets-: Loans(Amount In Rupees)

Particulars Account Code As at 31.03.2017 As at 31.03.2016Un-secured & Considered goodLoans & Advances to Employeesconsidered Good 2271001-07 18,747 40

TOTAL 18,747 40

Note No. 7-: Current Financial Assets-: Others

Particulars I(Amount In Rupees)

I As at 31.03.2017 As at 31.03.2016 JAccount CodeIOther Receivables (Refer Note 7.1) I I 3,942,207,716 3,949,142,425 II TOTAL I 3,942,207,716 3,949,142,425 I

7.1-: Details of Other Receivables (Amount In Rupees)PARTICULARS Account Code As at 31.03,2017 As at 31.03.2016

Amount receivable from RVUN 2289001 312,901 294,420Amount Receivable from JWNL 2289002 1,513,919,558 1,513,957,718Amount Receivable from AWNL 2289003 1,146,079,855 1,152,899,545Amount receivable from JDWN 2289004 1,281,895,403 1,281,990,743

TOTAL 3,942,207,716 3,949,142,425

Note No. 8-: Current Tax Assets

, Particulars I Account CodeAmount In Rl.Ifl!_e~

lAs at 31.03.2017 As at 31.03.2016 JITax deduction at source I 2288002, 2288003 I 1,185,657 - JI Total I I 1,185,657 - J

Note No, 9-: Current Non Financial Assets-: Others

Particulars Account Code As at 31.03.2017Prepaid Expenses 2288004-010 1,294,245

TOTAL

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Note No.10-: Share Capital

Particulars Account As at 31.03.2017 As at 31.03.2016Code

Issued,Subscribed & Paid Up Share Capital IEquity Shares of Rs.10/- fully paid up(in No.) 1546002 1.068,741 1,068,741(Out of these 44,00,00,000 shares were issued forconsideration other than cash)Equity Shares of Rs.10/- fully paid up(in rupees). 10,687,410 10,687,410

TOTAL 10,687,410 10,687,410

(Amount in Rupees)

Note No. 11-: Other Equity

Particulars Account As at 31.03.2017 As at 31.03.2016Code

b) Surplus 1582001 (246,823,062) (187,054,826)

TOTAL 1246,823,06~ 1187,054,826)

(Amount in Rupees)

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NON- CURRENT LIABILITIES

Note No. 12-: Long-Term Borrowings(Amount in Rupees)

Particulars Account As at 31.03.2017 As at 31.03.2()16Code

Loan from Lie 1506002 25,649,788 28,499,764TOTAL 25,649,788 28,499,764

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Note No. 13-: Other Financial Non Current liabilities(Amount in Rupees)

Particulars Account Code As at 31.03.2017 As at 31.03.2016Security Deposits from Contractors 1461001,1469014 1,487,420 2,651,140RetentionMoney 1461003 - 1461011,

343,161 416,1121461013,1469015Finance lease obligation 1469897 - -

TOTAL 1,830,581 3,067,252

Note No. 14-: Other Non Current Non Financial Liabilities(Amount in Rupees)

Particulars Account Code As at 31.03.2017 As at 31.03.2016Inter Unit Accounts' 2370001-2370025, 4,281,983,828 4,186,392,2451422501

Consumer Contribution for Deposit Work 1469003 4,364,852 5,190,233

TOTAL 4,286,348,680 4,191,582,478

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Note No. 15-: Other Financial Liabilities

Particulars Account Code As at 31.03.2017 As at 31.03.2016Other Payables

-Security Deposits 1469008 206,641 300,864-Earnest Money Deposits 1469013 273,000 273,000

-Amount payable to PSEB- Interest Accrued but not due on Borrowings 1467001 534,078 601,228-Other Liabilities 1463001 I -1 I -1-Staff related liabilities 1411003-1444001 7,412,329 5,591,062-Liabilities for Capital Works/Supplies 1411001,1411051,

7,972,267 2,1571422512,1422200-Liabilities for Expenses 1411053 415,379 10,746,301

TOTAL 16,813,693 17,514,611

(Amount in Rupees)

Note No. 16-: Other Current Non Financial Liabilities

Particulars Account Code As at 31.03.2017 As at 31.03.2016

Other Payables-Staff related liabilities 1441004-1442009 1,233,976 542,153-Statutory & Other Liabilities 1462003-1462022 179,521 100,077

TOTAL 1,413,497 642,230

(Amount in Rupees)

Note No. 17-: Short Term Provisions

Particulars Account Code As at 31.03.2017 As at 31.03.2016;:>rovisionsfor Employee Benefits

Gratuity 1441002 130,935 131,226Pension 1441003 108,748 126,905

TOTAL 239,683 258,131

(Amount in Rupees)

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Note No. 18-: Revenue from Operations

For the year For the yearParticulars Account Code ended 31.03.2016ended 31.03.2017

Saleof Services (ReferNote No. 18.1) 161,663,969 270,424,027OtherOperatingRevenue (ReferNote No. 18.2) 3,000 -

TOTAL 161,666,969 270,424,027

(Amount in Rupees)

18.1: Details of Sale of Services

For the yearFor the year

Particulars Account Code ended 31.03.2016ended 31.03.2017

Revenue from SLDCCharges 3614001 161,663,969 270,424,027Total 161,663,969 270,424,027

(Amount in Rupees)

1B.2:Details of Other Operating Revenue

For the year For the yearParticulars Account Code ended 31.03..2017ended 31.03.2016

Sale of Tender 3629005 3,000 -Total 3,000 -

(Amount in Rupees)

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19-: Other Income

Particulars Account Code For the year For the yearended 31.03.2017 ended 31.03.2016

Othernon-qE_eratingincome (Refer Note No. 19.12 19,854,668 18,052,198TOTAL 19,854,668 18,052,198

(Amount in Rupees)

19 1 0 tall f Oth N r (A . R- e at S 0 er on-ooera ''!9_ nco me mount In upees

Particulars Account Code For the year For the yearended 31.03.2017 ended 31.03.2016

RentalFrom Staff Quarters 3629001 46,095 -OtherMiscelleneous Receipts 3629004-11 18,154,210 18,052,198DelayedPayment Charges FromConsumers 3622008 5,363 -Rebate/DiscountAvailed 3613010 1,649,000 -

Total 19,854,668 18,052,198

~'Sr. ACCGi.mi$ Officer ( LD )

RVPN, JAIPUR

.,Note No. 20-: Generation & Other Direct Expenses.,

Particulars Account CodeFor the year ended For the year ended

31.03.2017 31.03.2016ULDCINRLDC/BBMB Charges 4701002 94,393,207 90,978,687

TOTAL 94,393,207 90,976,687

(Amount in Rupees)

.,.,.,.,Note No, 21-:Repairs & Maintenance

Particulars Account Code For the year ended For the year ended31.03.2017 31.03.2016

Plant& Machinery 4721050-69,4741001-81 917,453 225,2/0Vehicles 4746001-11 30.460 13,096Furniture& Fixtures 4747001-3 2,366 206,2271Building - 1,015,~51 IOffice & Other Equiprnents 4748001-3 162,336

TOTAL 1,112,614 1,460,044

(Amount in Rupees)

Note No. 23-: Finance Costs

• Particulars Account Code For the year ended For the year endedl31.03.2017 31.03.2016

Interest expenses (Refer Note N023.1) 8,114,834 3,192,097 IOther BorrowingCost (Refer Note No. 23.2) 1,926 50

TOTAL 9,116,760 3,192,147 I

(Amount in Rupees\

.,23.1: Details of Finance Cost.,., Particulars Account Code For the year ended For the year ended I

31.03.2017 31.03.2016Interest on Long term Loans 4781002 2,640,327 2,940,941Deposit 4788026 6,267,866 251,156Interest on Short Term Loans 4781003 206.641

Total 9,114,834 3,192,097 I

(Amount in Rupees)

..., 23.2: Details of Other Borrowing Cost moun In upees

Particulars Account Code For the year ended For the year ended31.03.2017 31.03.2016

BankCharges for Remittence 4788005 -57 -Other Bank Charges 4788006, 4781005 1,983 50

Total 1,926 50

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22-: Employee Benefitsmountm upees)

Particulars Account CodeFor the year ended For the year

31.03.2017 ended 31.03.2016

(a) Salaries and incentives (Refer Note No. 22.1) 99,857.729 84,110,062(b) Contributions to -

10,241,1491(i) Terminal Benefits (Refer Note No. 22.2) 8,043,~821(ii) Deposit Link Insurance 4754023 57.0191

(c) Staff welfare expenses (Refer Note No. 22.3) 504,102 600,330 iTOTAL 110,660,()OO 92,820,074

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22.1: Details of Salary & Incentives (Amount in Rupees)

Particulars Account CodeFor the year ended For the year

31.03.2017 ended 31.03.2016

Salary, Wages Allowance & Bonus etc.

-Salaries4751001-02,4753009-11 37,849,695 33,538,252

-Dearness Allowance 4752001 47,593,633 39,579,028-Other Allowances 4752002 to 4752026 7,118,855 6,111,741

Ex-Gratia & Bonus Payment 4754002,4754003 708,593 394,717

Earned leave encashment 4754004,47540346,490,453 4,341,358

Tution fee reimbursement 4754006 3,375 -D,L.1.Admn.Gharges 4754024,4754027 93,125 144,966

TOTAL 99,857,729 84,110,062

22 2' Details of Terminal Benefits (Amount in Rupees)..Particulars Account Code

For the year ended For the year31.03.2017 ended 31.03.2016

Board Contribution to PF4754025,4754032, 2,927,548 -4754033

F,P,S, 4754026 1,436,468 -Terminal Benefit (Super)Boards Contribution 4754022 3,295,953 8,043,682Terminal Benefits (Gratuitv) 4754021 2,581,180 -

TOTAL 10,241,149 8,043,682

22.3 Details of Sta a fare Expenses moun m upees

Particulars Account CodeFor the year endod For the year

31.03.2017 ended 31.03,2016

Medical Reimbursement 4754008 411,402 540,230Uniform expenses 4754029 85,500 114,300Soap & Duster 4754030 7,200 11800

TOTAL 504,102 666,330

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Note No. 24-: Depreciation & Amortisation Expenses(A t l Rmoun In upees

Particulars Account Code For the year ended For the year ended I31.03.2017 31.03.2016

Depreciationon Building 4771002 1.933.352 1.852.975Depreciationon Plant & Machinery 4771005 4,300,517 4,134,273Depreciationon lines and Cables NetWorks 4771006 25.694Depreciationon Fixtures & Furnitures 4771008 408,823 409,299Depreciationon Office Eouiornents 4771009, 4771010 807,141 1,638,098

TOTAL 7,475,527 8,034,6451

Note No. 25·: Administrative and Other Expenses(Amount' R111 upeesr- For the year ended For the year ended IParticulars Account Code 31.03,2017 31,03.2016

Rent, Rates& Taxes 4761001·1002 277,888 263,722Insurance 4761004, 07 5,950 5,056Security ServiceCharges 4761008 6,445,179 6,112,956Telephone,Telex& EPABX Expenses

I4761009,4761011 589,053 557,514

Postage& Telegrame 4761010 461 I 22,701Legal Charges,Technical Fees 4761014,4761017 1,950 6,800Conveyanceexpenses 4761020 84,300 88,585

Travelling expenses 4761021 534,018 527,936

Travelling allowance to employees 4761022 92,645

Vehicle Runningexpenses 4761023-25 2,185,393 1,533,895Newspapers& magazines 4761026 4,359 2,348Other miscellaneousexpenses 4761029-4769700 1,664,973 1,606,379

TOTAL 11,886,169 10,727,892 I

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Documents

e-/ ) t-/ Jodhpur Discom 13.26 4 LTOA consumers 7.35 Total-48.79 1.23 Transmission Losses The details ofTransmission Losses are given inTable below: InSTSTransmission Loss Actual InSTS