MBA PM Summers 2006

estimated cost of generation as per CERC norms at 80% PLF
installed capacity (Kw)

PLF
project cost including IDC and financing charges (Rs millions)
project cost/kW Including IDC and financing charges (Rs millions)
annual generation ( in million Kwh)
auxillary consumption ( in million Kwh)
net energy sent out ( in million Kwh)
plant gross heat rate on LCV basis ( kCal/kWh)
annual fuel charges at (US $/MBTU)
O&M charges at Rs 8.44 lakhs/MW (Rs millions)
O &M expenses escalation
Debt
Equity
Interest rate on term loan IDC
During Operation
Depreciaton including AAD( as % of total project cost)
ROE
spares( on cost without IDC and financing charges) (historical cost basis)
spares escalation
Working capital loan
Interest on working capital
receivables (months)
Repayment period (years)
Depreciation as per company act
Discounting factor
Corporate tax
MAT
1040000
80%
30925.57
29.74
7288.32
218.65 3% OF ANNUAL GENERATION
7069.67
1850
3.5
877.76 0.84 Millions/MW
4%
80%
20%
7.25%
7%
6%
14%
1% 287.73 millions
6%
75%
10.25%
2
12
5.58%
12%
33.50%
7.85%
Detailed project cost estimate as on oct 2004 as given in DPR
all figures are in millions Rs.
LSTK Non LSTK
preliminary investigation and site development 12.00
Land 400.00
gas turbine island 25,811.17
civil works 30.00
contingency(@3% of total direct and direct costs) 774.34
external water supply system 379.35
initial spares 825.96
taxes and duties 103.25
preoperative expenses 50.00
engineering and legal expenses(@1.5%) 387.17
project cost excluding IDC and financingcosts
IDC
Financing expenses@0.5%
Total Project Cost including IDC and financing cost
debt 80%
equity 20%
$3,206.73
as given in DPR CALCULATED
igures are in millions Rs.
TOTAL
12.00 0.04%
400.00 1.29%
25,811.17 83.46%
30.00 0.10%
774.34 2.50%
379.35 1.23%
825.96 2.67%
103.25 0.33%
50.00 0.16%
387.17 1.25%
28,773.23 93.04% 2877323%
2,008.47 6.49% 292048%

143.87 0.47% 14387%
6.96%
30,925.57 100.00% 3183758%
24,740.45 2547006%
6,185.11 636752%
diference 912.01
LNG PRICE CALCULATION
YEAR 2010-11 2011-12 2012-13 2013-14 2014-15

1 2 3 4 5
Capacity (MW) 1040 1040 1040 1040 1040

Heat Rate(in kJ/kWh) 6000 6000 6000 6000 6000
Heat Rate in kCal/kWh 1435 1435 1435 1435 1435
Gross Station Heat Rate kCal/kJ 1850 1850 1850 1850 1850
Total unit Generated /year (MU) 7288.3 7288.3 7288.3 7288.3 7288.3
Units in one MMBTU 123.5 123.5 123.5 123.5 123.5
Total MMBTU (in million) 59.0 59.0 59.0 59.0 59.0
Million dollors 206.6 210.7 215.0 219.3 223.6
Exchange Rate -Rs/US$ 46.00 46.23 46.46 46.69 46.93
LNG Cost (in million Rs) 9504.10 9742.66 9987.20 10237.88 10494.85
Annual Levellised price OF LNG (in million Rs) 11373.03
Assumption: Rupee Depreciation against US dollar 0.50%

one MMBTU is equal to 1.055 Gigajoules
Exchange rate of 1US $ 46 Rs.
LNG cost considered is US $3.5/MBTU
HCV/LCV is equal to 1.105
Annual Escalation of LNG price 2.00%
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
6 7 8 9 10 11 12 13 14
1040 1040 1040 1040 1040 1040 1040 1040 1040

6000 6000 6000 6000 6000 6000 6000 6000 6000
1435 1435 1435 1435 1435 1435 1435 1435 1435
1850 1850 1850 1850 1850 1850 1850 1850 1850
7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3
123.5 123.5 123.5 123.5 123.5 123.5 123.5 123.5 123.5
59.0 59.0 59.0 59.0 59.0 59.0 59.0 59.0 59.0
228.1 232.7 237.3 242.1 246.9 251.9 256.9 262.0 267.3
47.16 47.40 47.63 47.87 48.11 48.35 48.59 48.84 49.08
10758.27 11028.30 11305.11 11588.87 11879.75 12177.93 12483.60 12796.93 13118.14
2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33
15 16 17 18 19 20 21 22 23
1040 1040 1040 1040 1040 1040 1040 1040 1040

6000 6000 6000 6000 6000 6000 6000 6000 6000
1435 1435 1435 1435 1435 1435 1435 1435 1435
1850 1850 1850 1850 1850 1850 1850 1850 1850
7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3
123.5 123.5 123.5 123.5 123.5 123.5 123.5 123.5 123.5
59.0 59.0 59.0 59.0 59.0 59.0 59.0 59.0 59.0
272.6 278.1 283.6 289.3 295.1 301.0 307.0 313.2 319.4
49.33 49.57 49.82 50.07 50.32 50.57 50.83 51.08 51.33
13447.40 13784.93 14130.93 14485.62 14849.21 15221.92 15604.00 15995.66 16397.15
2033-34 2034-35
24 25
1040 1040
6000 6000
1435 1435
1850 1850
7288.3 7288.3
123.5 123.5
59.0 59.0
325.8 332.3
51.59 51.85
16808.71 17230.61
PHASING OF EXPENDITURE
project cost 28773.23 millions All cost are in million Rs.
IDC 7.25%
2007-08 2008-09 2009-10
1 half 2 half 1 half 2 half 1 half
Phasing of Expenditure (%) 15% 20% 40% 15% 10.00%
Phasing amount 4315.98 5754.65 11509.29 4315.98 2877.32
Debt 3452.79 4603.72 9207.43 3452.79 2301.86
Cumulative Debt 3452.79 8056.5 17263.94 20716.72 23018.58
IDC 62.58 375.49 792.7 813.56 876.14
Phasing amount including IDC 4378.57 6130.14 12301.99 5129.55 3753.47
amount available for depreciation

YEAR 2010-11 2011-12 2012-13 2013-14 2014-15
1 2 3 4 5
Loan repaymentcalculations
Loan O/s at beginning of the year ### ### ### ### ###
Repayment 2122.51 2122.51 2122.51 2122.51 2122.51
Loan O/s at end of the year ### ### ### ### ###
Interest 1708.62 1560.04 1411.47 1262.89 1114.32
Depreciation(SLM) 1910.25 1910.25 1910.25 1910.25 1910.25

AAD 2122.51 2122.51 2122.51 2122.51 2122.51
Applicable Depreciation 2122.51 2122.51 2122.51 2122.51 2122.51
Cumulative Depreciation 2122.51 4245.01 6367.52 8490.02 10612.53
Working capital
Fuel Cost for One month 792.01 811.89 832.27 853.16 874.57
O&M Expenses for one month 73.15 76.07 79.12 82.28 85.57
Spares 287.73 305 323.3 342.69 363.26
(iteration) Receivables-2 Months #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Working Capital #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Working Capital for Loan #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest on working Capital

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Computation of tax
PBT #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Add: depr. 2122.51 2122.51 2122.51 2122.51 2122.51
PBDT #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Depreciation(as per IT) 1776.54 1776.54 1776.54 1776.54 1776.54
PBT #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Tax(@33.50%) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
MAT(@7.85%) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Tax payable(higher of two) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
2 half TOTAL
100%
28773.23
23018.58
2920.48
54712.29
28653.82
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
6 7 8 9 10 11 12 13 14
### ### ### 849002.09% 636751.57% 424501.05% 212250.52%

2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 2122.51
### ### 849002.09% 636751.57% 424501.05% 212250.52% 0
965.74 817.16 668.59 520.01 371.44 222.86 74.29
1910.25 1910.25 1910.25 1910.25 1910.25 1910.25 1910.25 1910.25 1910.25

2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 0 0
2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 1714.33 1714.33
12735.03 14857.54 16980.04 19102.55 21225.05 23347.56 25470.06 27184.39 28898.73
896.52 919.02 942.09 965.74 989.98 1014.83 1040.3 1066.41 1093.18

88.99 92.55 96.26 100.11 104.11 108.27 112.61 117.11 121.79
385.05 408.15 432.64 458.6 486.12 515.28 546.2 578.97 613.71
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!


2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 1714.33 1714.33
1776.54 1776.54 1776.54 1776.54 1776.54 1776.54 1776.54 1776.54 1776.54
2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33
15 16 17 18 19 20 21 22 23
1910.25 1910.3 1910.3 1910.3 1910.3 1910.3 1910.3 1910.3 1910.3

0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
1714.33 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3
30613.06 32327.4 34041.7 35756.0 37470.4 39184.7 40899.0 42613.4 44327.7
1120.62 1148.7 1177.6 1207.1 1237.4 1268.5 1300.3 1333.0 1366.4

126.67 131.7 137.0 142.5 148.2 154.1 160.3 166.7 173.4
650.54 689.6 730.9 774.8 821.3 870.6 922.8 978.2 1036.9


1714.33 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3
1776.54 1776.5 1776.5 1776.5 1776.5 1776.5 1776.5 1776.5 1776.5
2033-34 2034-35
24 25
TOTAL
1910.3 1910.3 47756.4
0.0 0.0 25470.1
1714.3 1714.3 47756.4
46042.0 47756.4
1400.7 1435.9
180.3 187.5
1099.1 1165.0
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
1714.3 1714.3
#VALUE! #VALUE!
1776.5 1776.5
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
1 2 3 4 5 6
Income
Units sold(MU) 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7
Total Tariff (Rs.per Unit) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total sales Rs millions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Expenses
Raw materials(Fuel) Rs miliions 9504.1 9742.7 9987.2 10237.9 10494.8 10758.3
O&M charges Rs miliions 877.8 912.9 949.4 987.4 1026.9 1067.9
Total expenditure Rs miliions 10381.9 10655.5 10936.6 11225.2 11521.7 11826.2
PBDIT #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Depreciation Rs miliions 2122.5 2122.5 2122.5 2122.5 2122.5 2122.5
Interest-
Term loan Rs miliions 1708.6 1560.0 1411.5 1262.9 1114.3 965.7
Working capital Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
PBT Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Tax Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
PAT Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross cash accruals Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
7 8 9 10 11 12 13 14 15
7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7

11028.3 11305.1 11588.9 11879.7 12177.9 12483.6 12796.9 13118.1 13447.4

1110.6 1155.1 1201.3 1249.3 1299.3 1351.3 1405.3 1461.5 1520.0
12138.9 12460.2 12790.1 13129.1 13477.2 13834.9 14202.3 14579.7 14967.4
2122.5 2122.5 2122.5 2122.5 2122.5 2122.5 1714.3 1714.3 1714.3
817.2 668.6 520.0 371.4 222.9 74.3 0.0 0.0 0.0


2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34
16 17 18 19 20 21 22 23 24
7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7

13784.9 14130.9 14485.6 14849.2 15221.9 15604.0 15995.7 16397.1 16808.7

1580.8 1644.0 1709.8 1778.2 1849.3 1923.3 2000.2 2080.2 2163.4
15365.7 15775.0 16195.4 16627.4 17071.2 17527.3 17995.9 18477.4 18972.1
1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0


2034-35
25
7069.7
#VALUE!
#VALUE!
17230.6
2250.0
19480.6
#VALUE!
1714.3
0.0
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Fixed tariff for generation up
YEAR 2010-11 2011-12 2012-13 2013-14 2014-15
1 2 3 4 5
Installed Capacity(MW) 1040 1040 1040 1040 1040

Months of operation(effective) 12 12 12 12 12
Plant load factor(%) 80% 80% 80% 80% 80%
8760 Units generated (MU) 7288.3 7288.3 7288.3 7288.3 7288.3
Less:auxilliary consumption 218.6 218.6 218.6 218.6 218.6
Units sold(MU) 7069.7 7069.7 7069.7 7069.7 7069.7
Fixed tariff calculation

Interest 1708.6 1560.0 1411.5 1262.9 1114.3
Depreciation 2122.5 2122.5 2122.5 2122.5 2122.5
Notional RoE 891.5 891.5 891.5 891.5 891.5
O&M expenses with 4% escalation 877.8 912.9 949.4 987.4 1026.9
Interest on WC #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Tax on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total fixed tariff in million Rs. #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Fixed tariff p.u of energy sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Levellised fixed #VALUE!
Variable tariff calculation
LNG cost 9504.1 9742.66 9987.2 10237.88 10494.85

Total variable tariff in million Rs 9504.1 9742.66 9987.2 10237.88 10494.85
Variable tariff p.u. of energy sold 1.34 1.38 1.41 1.45 1.48
Levellised variable 1.61
Total Tariff (Rs.per Unit) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Levellised Total Tariff (Rs per unit) #VALUE!

Max. tariff #VALUE!
Min. tariff #VALUE!
for generation up to 80%PLF
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
6 7 8 9 10 11 12 13 14
1040 1040 1040 1040 1040 1040 1040 1040 1040

12 12 12 12 12 12 12 12 12
80% 80% 80% 80% 80% 80% 80% 80% 80%
7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3
218.6 218.6 218.6 218.6 218.6 218.6 218.6 218.6 218.6
7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7
965.7 817.2 668.6 520.0 371.4 222.9 74.3 0.0 0.0

2122.5 2122.5 2122.5 2122.5 2122.5 2122.5 2122.5 1714.3 1714.3
891.5 891.5 891.5 891.5 891.5 891.5 891.5 891.5 891.5
1067.9 1110.6 1155.1 1201.3 1249.3 1299.3 1351.3 1405.3 1461.5
10758.27 11028.3 11305.11 11588.87 11879.75 12177.93 12483.6 12796.93 13118.14

10758.27 11028.3 11305.11 11588.87 11879.75 12177.93 12483.6 12796.93 13118.14
1.52 1.56 1.60 1.64 1.68 1.72 1.77 1.81 1.86

2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33
15 16 17 18 19 20 21 22 23
1040 1040 1040 1040 1040 1040 1040 1040 1040

12 12 12 12 12 12 12 12 12
80% 80% 80% 80% 80% 80% 80% 80% 80%
7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3 7288.3
218.6 218.6 218.6 218.6 218.6 218.6 218.6 218.6 218.6
7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3
891.5 891.5 891.5 891.5 891.5 891.5 891.5 891.5 891.5
1520.0 1580.8 1644.0 1709.8 1778.2 1849.3 1923.3 2000.2 2080.2
13447.4 13784.93 14130.93 14485.62 14849.21 15221.92 15604 15995.66 16397.15

13447.4 13784.93 14130.93 14485.62 14849.21 15221.92 15604 15995.66 16397.15
1.90 1.95 2.00 2.05 2.10 2.15 2.21 2.26 2.32

2033-34 2034-35
24 25
1040 1040
12 12
80% 80%
7288.3 7288.3
218.6 218.6
7069.7 7069.7
0.0 0.0
1714.3 1714.3
891.5 891.5
2163.4 2250.0
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
16808.71 17230.61
16808.71 17230.61
2.38 2.44
#VALUE! #VALUE!
URAN CCGT FIRR CALCULATIONS
1040 MW
Aux.
consumptio Total variable
Year Incr gen n Incr sales Capex cost O&M cost
Mus Mus Mus Rs. Millions Rs. Millions Rs. Millions
2007-08 0.00 0.00 0.00 10070.63 0.00 0.00

2008-09 0.00 0.00 0.00 15825.27 0.00 0.00
2009-10 7288.32 218.65 7069.67 2877.32 9504.10 877.76
2 7288.32 218.65 7069.67 9742.66 912.87
3 7288.32 218.65 7069.67 9987.20 949.39
4 7288.32 218.65 7069.67 10237.88 987.36
5 7288.32 218.65 7069.67 10494.85 1026.86
6 7288.32 218.65 7069.67 10758.27 1067.93
7 7288.32 218.65 7069.67 11028.30 1110.65
8 7288.32 218.65 7069.67 11305.11 1155.07
9 7288.32 218.65 7069.67 11588.87 1201.28
10 7288.32 218.65 7069.67 11879.75 1249.33
11 7288.32 218.65 7069.67 12177.93 1299.30
12 7288.32 218.65 7069.67 12483.60 1351.27
13 7288.32 218.65 7069.67 12796.93 1405.32
14 7288.32 218.65 7069.67 13118.14 1461.53
15 7288.32 218.65 7069.67 13447.40 1520.00
16 7288.32 218.65 7069.67 13784.93 1580.80
17 7288.32 218.65 7069.67 14130.93 1644.03
18 7288.32 218.65 7069.67 14485.62 1709.79
19 7288.32 218.65 7069.67 14849.21 1778.18
20 7288.32 218.65 7069.67 15221.92 1849.31
21 7288.32 218.65 7069.67 15604.00 1923.28
22 7288.32 218.65 7069.67 15995.66 2000.21
23 7288.32 218.65 7069.67 16397.15 2080.22
24 7288.32 218.65 7069.67 16808.71 2163.43
25 7288.32 218.65 7069.67 17230.61 2249.97
FIRR #VALUE!
Total operating Net financial

cost Tariff Sales revenue benefit
Rs. Millions Rs. Per unit Rs.millions Rs. Millions
10070.63 0.00 0.00 -10070.63

15825.27 0.00 0.00 -15825.27
13259.19 #VALUE! #VALUE! #VALUE!
FIRR #VALUE!
URAN CCGT EIRR CALCULATIONS
1040 MW
Aux.
consumptio Total variable
Year Incr gen n Incr sales Capex cost O&M cost
Mus Mus Mus Rs. Millions Rs. Millions Rs. Millions
0.8 0.8 0.8
2007-08 0.00 0.00 8056.50 0.00 0.00
2008-09 0.00 0.00 12660.22 0.00 0.00
2009-10 7288.32 218.65 7069.67 2301.86 7603.28 702.21
2 7288.32 218.65 7069.67 0.00 7794.12 730.30
3 7288.32 218.65 7069.67 0.00 7989.76 759.51
4 7288.32 218.65 7069.67 0.00 8190.30 789.89
5 7288.32 218.65 7069.67 0.00 8395.88 821.48
6 7288.32 218.65 7069.67 0.00 8606.61 854.34
7 7288.32 218.65 7069.67 0.00 8822.64 888.52
8 7288.32 218.65 7069.67 0.00 9044.09 924.06
9 7288.32 218.65 7069.67 0.00 9271.09 961.02
10 7288.32 218.65 7069.67 0.00 9503.80 999.46
11 7288.32 218.65 7069.67 0.00 9742.34 1039.44
12 7288.32 218.65 7069.67 0.00 9986.88 1081.02
13 7288.32 218.65 7069.67 0.00 10237.55 1124.26
14 7288.32 218.65 7069.67 0.00 10494.51 1169.23
15 7288.32 218.65 7069.67 0.00 10757.92 1216.00
16 7288.32 218.65 7069.67 0.00 11027.95 1264.64
17 7288.32 218.65 7069.67 0.00 11304.75 1644.03
18 7288.32 218.65 7069.67 0.00 11588.50 1709.79
19 7288.32 218.65 7069.67 0.00 11879.37 2163.43
20 7288.32 218.65 7069.67 0.00 12177.54 2249.97
21 7288.32 218.65 7069.67 0.00 12483.20 1923.28
22 7288.32 218.65 7069.67 0.00 12796.52 2000.21
23 7288.32 218.65 7069.67 0.00 13117.72 2080.22
24 7288.32 218.65 7069.67 0.00 13446.97 2163.43
25 7288.32 218.65 7069.67 0.00 13784.49 2249.97
EIRR #VALUE!
Total
Total operating economic NET economic
cost Tariff Sales revenue Consumer surplus benefit benefit
Rs. Millions Rs. Per unit Rs.millions Rs. Millions Rs. Millions Rs. Millions
1.25
8056.50 0.00 0.00 0.00 0.00 -8056.50
12660.22 0.00 0.00 0.00 0.00 -12660.22
10607.35 #VALUE! #VALUE! 8837.09 #VALUE! #VALUE!
EIRR #VALUE!
DSCR calculation 2010-11 2011-12 2012-13 2013-14 2014-15
1 2 3 4 5
Numerator
-Gross cash accrual #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
-Interest on term loan 1708.62 1560.04 1411.47 1262.89 1114.32
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Denominator
-Interest on term loan 1708.62 1560.04 1411.47 1262.89 1114.32
-Repayment 2122.51 2122.51 2122.51 2122.51 2122.51
3831.12 3682.55 3533.97 3385.40 3236.82
DSCR
Max. DSCR 0.00

Min. DSCR 0.00
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
6 7 8 9 10 11 12 13 14

965.74 817.16 668.59 520.01 371.44 222.86 74.29 0.00 0.00
965.74 817.16 668.59 520.01 371.44 222.86 74.29 0.00 0.00

2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 2122.51 0.00 0.00
3088.25 2939.67 2791.09 2642.52 2493.94 2345.37 2196.79 0.00 0.00
2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33
15 16 17 18 19 20 21 22 23

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2033-34 2034-35
24 25
#VALUE! #VALUE!
0.00 0.00
#VALUE! #VALUE!
0.00 0.00
0.00 0.00
0.00 0.00
Sensitivity : 1
Impact of variation in PLF on tariff(levelised)--keeping all other factors constant
Corresponding levelised %age change in levelised

S No. PLF %age change in PLF tariff (Rs/Kwh) tariff
1 75% -5% 2.49 -2.0209%
2 80% 0 2.44 0
3 85% 5% 2.39 1.7478%
Sensitivity : 2
Impact of variation in fuel price on tariff (Levelised)--keeping all other factors constant
Fuel price Corresponding levelised %age change in levelised

S No. ($/MBTU) %age change tariff (Rs/Kwh) tariff
1 3.33 -5% 2.35 3.4806%
2 3.50 0 2.44 0
3 3.68 5% 2.52 -3.5181%
Sensitivity : 3
Impact of variation in project cost on tariff (levelised)--keeping all other factors constant
Project cost Corresponding levelised %age change in levelised

S No. (Rs million) %age change tariff (Rs/Kwh) tariff
1 30398.92 -5% 2.41 1.0238%
2 31837.58 0 2.44 0
3 33276.24 5% 2.46 -1.0613%
#VALUE!

MBA PM Summers 2006

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estimated cost of generation as per CERC norms at 80% PLF

installed capacity (Kw)

Total Project Cost including IDC and financing cost

2,008.47 6.49% 292048%

YEAR 2010-11 2011-12 2012-13 2013-14 2014-15

Capacity (MW) 1040 1040 1040 1040 1040

Annual Levellised price OF LNG (in million Rs) 11373.03

Assumption: Rupee Depreciation against US dollar 0.50%

1040 1040 1040 1040 1040 1040 1040 1040 1040

1040 1040 1040 1040 1040 1040 1040 1040 1040

amount available for depreciation

Depreciation(SLM) 1910.25 1910.25 1910.25 1910.25 1910.25

Total Working Capital #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Interest on working Capital

### ### ### 849002.09% 636751.57% 424501.05% 212250.52%

1910.25 1910.25 1910.25 1910.25 1910.25 1910.25 1910.25 1910.25 1910.25

896.52 919.02 942.09 965.74 989.98 1014.83 1040.3 1066.41 1093.18

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

1910.25 1910.3 1910.3 1910.3 1910.3 1910.3 1910.3 1910.3 1910.3

1120.62 1148.7 1177.6 1207.1 1237.4 1268.5 1300.3 1333.0 1366.4

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Total sales Rs millions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

PBDIT #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Depreciation Rs miliions 2122.5 2122.5 2122.5 2122.5 2122.5 2122.5

PBT Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Tax Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

PAT Rs miliions #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

11028.3 11305.1 11588.9 11879.7 12177.9 12483.6 12796.9 13118.1 13447.4

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

2122.5 2122.5 2122.5 2122.5 2122.5 2122.5 1714.3 1714.3 1714.3

817.2 668.6 520.0 371.4 222.9 74.3 0.0 0.0 0.0

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7 7069.7

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

13784.9 14130.9 14485.6 14849.2 15221.9 15604.0 15995.7 16397.1 16808.7

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3 1714.3

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Installed Capacity(MW) 1040 1040 1040 1040 1040

Fixed tariff calculation

Variable tariff calculation

LNG cost 9504.1 9742.66 9987.2 10237.88 10494.85

Total Tariff (Rs.per Unit) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Levellised Total Tariff (Rs per unit) #VALUE!

1040 1040 1040 1040 1040 1040 1040 1040 1040

965.7 817.2 668.6 520.0 371.4 222.9 74.3 0.0 0.0

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

10758.27 11028.3 11305.11 11588.87 11879.75 12177.93 12483.6 12796.93 13118.14

1.52 1.56 1.60 1.64 1.68 1.72 1.77 1.81 1.86

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

1040 1040 1040 1040 1040 1040 1040 1040 1040