Power Tariff Calculation

MOSER BA
3X50 MW THERMA
INPUT
(A
FINANCIAL ASSUMPTIONS
UNIT(I,II,III)
Project Cost (Rs.Crores / MW) 4.00
Sale of Infirm Power 0.0
Total Project Cost 600.0
Levelised Tariff (Rs/kWh) Err:522
Capital Structure
Debt(Percentage) 70%
Equity(Percentage) 30%
Debt 420.0
Equity 180.0
Upfront Equity 51%
Upfront Equity Funding 91.8
Assumptions for Capacity Charges
Interest on Loan capital 12%
Interest on Working capital 12%
Return on Equity 15.50%
O&M expenses ( in % of TPC ) 2.00%
O&M Expenses 12.0
O&M Expenses Escalation 5.75%
Maintenance Spares ( % of Project Cost ) 20% of O&M Expense p.a.
Maintenace Spares Cost Escalation 6%
Depreciation (for Tariff Clculation) 5.28%
Depreciation as per IT Act 7.84%
Total number of Years of Operation 25.0
Loan Duration (years) 12.0
Assumptions for Variable Charges
Cost of Coal(Rs./Ton)(Price + Freight) 804.0
Coal consumption(million tonnes) 0.30
Secondary Fuel Prices (Rs./kl) 35250.0
Secondary Fuel Consumptions(ml/kWh) 1.00
Taxes
Basic Tax 30.00%
Development Surcharge 3.00%
Net Corporate Tax 33.00%
Add Edu Cess(3%) 0.99%
Total Tax 33.99%
Dividend Distribution Tax 14.03%
Statutory Reserves 0.00%
MAT 11.33%
Other Miscellaneous Assumptions
Exchange Rate 45.5
Fx Variation 2%
Financing Charges & Upfront Fee 1.00%
Bank Guarantee Charges 2.00%
Avg.Acc.Receivables( in months) 2.0
Upfront Equity Funding 51%
Debt Service Reserve Acc.(in Months) 3%
Margin Money 25%
MOSER BAER PROJECTS LIMITED
3X50 MW THERMAL POWER PLANT FINANCIAL MODEL
INPUT & ASSUMPTION SHEET

(ALL VALUES IN RS. CRORES)
TECHNICAL ASSU
Installed Capacity of single unit

No. of installed units
Total Installed Capacity
Total units generated
Target Availability Factor
(CERC Norms 2009-14) PLF
(CERC Norms 2009-14) Gross Station Heat Rate
GCV of Coal
GCV of Oil
(CERC Norms 2009-14) Auxiliary Consumption
Coal Transit Loss
Energy Delivered ExBus (Million units)
(CERC Norms 2009-14) THE PLANT IS COAL FIRED WIT
(CERC Norms 2009-14)

(CERC Norms 2009-14) IMPORTANT D
(CERC Norms 2009-14) Date of Construction
(CERC Norms 2009-14) COD of unit I
(As per IT Act) CoD of unit II
(CERC Norms 2009-14) CoD of unit III
(CERC Norms 2009-14) Months required for unit I
Months required for unit II
Price-Acc.to Grade of Coal,Freight-Acc.to Min.of Railways Months required for unit III
Ministry of Petroleum & Natural Gas

PROJECT SUMM
(CERC Norms 2009-14) Total Project Cost
(CERC Norms 2009-14) Equity
(CERC Norms 2009-14) Debt
(CERC Norms 2009-14) Upfront Equity
(CERC Norms 2009-14) IDC for unit I
IDC for unit II
(CERC Norms 2009-14) IDC for unit III
Tariff
Rserve Bank of India website NPV
Rserve Bank of India website IRR
(CERC Norms 2009-14) WACC
State Bank of India Charges DSCR
TECHNICAL ASSUMPTIONS
UNIT(I,II& III)
alled Capacity of single unit 50.0 MW
No. of installed units 3.0
Total Installed Capacity 150.0 MW
Total units generated 1314.0 million units
Target Availability Factor 95%
PLF 85% (CERC Norms 2009-14)
Gross Station Heat Rate 2780.0 kcal/kWh (CERC Norms 2009-14)
GCV of Coal 3420.0 kcal/kg Ministry of Coal
GCV of Oil 10.7 kcal/ml Ministry of Petroleum
Auxiliary Consumption 10% (CERC Norms 2009-14)
Coal Transit Loss 0.80% Ministry of Coal
Delivered ExBus (Million units)
PLANT IS COAL FIRED WITH COOLING TOWER
IMPORTANT DATES
Date of Construction 04/01/09 ( MM-DD-YY) Assumption
COD of unit I 07/01/12 ( MM-DD-YY)
CoD of unit II 01/01/13 ( MM-DD-YY)
CoD of unit III 07/01/13 ( MM-DD-YY)
Months required for unit I 39
Months required for unit II 6
Months required for unit III 6
PROJECT SUMMARY
Total Project Cost Err:522 Rs. Cr

Equity Err:522 Rs. Cr
Debt Err:522 Rs. Cr
Upfront Equity Err:522 Rs. Cr
IDC for unit I Err:522 Rs. Cr
IDC for unit II Err:522 Rs. Cr
IDC for unit III Err:522 Rs. Cr
Tariff Err:522 Rs./kwh
NPV Err:522 Rs. Cr
IRR Err:522
WACC 11.57%
DSCR Err:522
3x50 MW THERMAL POWER P
PROJECT
(ALL VALUES I
Unit Capacity ( MW) 50.0

No. of Units 3.0
1.HARDCOST Installed Capacity ( MW) 150.0
Land and Site Development
Cost of Land
Cost of Land ( Rs Lakh/Acre)
Plant site (incl Green land & Switch Yard)
Ash Pond
BOP Area
Coal Handling Plant Area
Cooling Tower Area
Sea Water Outfall
Basic Cost of Land
Stamp Duty
Transfer Duty
Registration Fees
Statutory Taxes / Charges
Documentation Charges
Land Related Misc. Charges
Sub Total ( Rs Cr)
Cost of Land : Sub-total
Site Development Expenses

Compound Wall & Fencing
Roads - Internal
Approach Roads
Storm Water Drainage
Levelling & Grading
Investigation
Site Dev. Exp :Sub - total
Total Land & Site Dev

Cost Escalation
Total Land & Site Dev Incl Esc
Civil Works
Rehab & Resettlement( Permanent Township)
Temp Const & Enabling work
Sub Total : R & R
Total Civil Works
EPC Costs(BTG)
BTG Chinese ( Rs Cr / MW )
Indian ( BHEL) ( Rs Cr/ MW )
Choice
According to Chinese (BTG)
Customs Duty : Offshore Sy

Custom Duty : Spare Parts
With Holding Tax : Offshore Engg
Excise Duty & Cess (Local)
Central Sales Tax (Local)
Amount on which CST applicable ( % ) of capital
Duties & Taxes : Sub-total
Total EPC Costs(BTG)
Total EPC Costs(BTG) Incl Esc
EPC Costs (Others)
BoP Incld Civil Works

Chinese ( Rs Cr / MW )
Indian ( BHEL) ( Rs Cr/ MW )
Choice
Customs & Excise

Central Sales Tax (Local) (3%)
Amount on which CST applicable ( % ) of capital
CST ( Rs Cr)
Duties & Taxes : Sub-total
Total EPC Costs (Others)
Misc. Fixed Assets(Incl Washeries)
Washeries
Vehicles
Furnitures & Fixtures
Other Misc Assets
Total Misc. Fixed Assets(Incl Washeries)
Total Misc. Fixed Assets(Incl Washeries) Incl Esc
SOFT COST
Non EPC(Soft Cost)
Operator's Training
Construction Insurance
Startup Fuel & Startup Power
Special T&P
Salary
Consultancy and Legal
Design and Engineering
Development Expenses
Establishment
Aduit & Accounts
Sub-Total of Soft Cost
Contingency
Interest During Construction
Total Project Cost Incl Esc

Cost Per MW
ERMAL POWER PLANT FINANCIAL MODEL
PROJECT COST
(ALL VALUES IN RS. Cr)
Cost ( Rs Crore) Area ( in Acre)

1.5 1.0
2.22 148.20
1.22 81.51
0.98 65.30
0.54 35.80
0.38 25.55
0.19 12.80
5.54 369.16
( %of Basic Cost)

0.36 6.50%
0.33 6%
0.03 0.50%
0.00
0.00
0.00
0.72
6.26
0.85
0.30
0.70
1.10
0.50 40000.0
0.60
4.05
10.31
0.41 4%
10.7
7.50
0.30
7.80
7.8
1.8
2.1
270.0
0.0 0%
0.0 0%
0.0 0%
0.0 0%
0.0 0%
0.0 0%
0.0
270.0
270.0
1.60
0.00
240.00
0.0 0.0
0.0
0.0
0 0.0
0
240.00
1.81
0.90
1.06
3.77
6.6
0.84
3.60
6.90
2.25
1.60
0.75
3.04
3.60
9.50
0.25
32.3
Err:522 4%
Err:522
Err:522
Err:522 Rs.Cr/MW
Area ( in Hectare) According to DPR provided
60.00 According to DPR provided

149.46
According to DPR provided


Rs/Acre According to DPR provided
per Annum According to DPR provided




MOSER BA
3X50 MW THERMAL
INTEREST DUR
ALL V
MONTHS OF YEAR BEFORE COD Total of Total 1

INVESTMENT AS PER THE FOLLOWING HEADS 1st
( % wise) Heads Percentage Apr-09
LAND 10.72 100.00% 75.00%
EPC (BTG) 270.00 100.00%
EPC ( OTHER) 240.00 100.00%
NON EPC ( SOFT COST) 32.33 100.00% 1.96%
Civil Works 7.80 100.00%
Construction and Pre-Commissioning Expenses( Misc Asset) 6.6 100.00% 1.96%
Contingency Expenses Err:522 100.00%
Total Expenditure Err:522
MONTHS OF YEAR BEFORE COD Total of Total 1

INVESTMENT AS PER THE FOLLOWING HEADS 1
Heads Apr-09
LAND 10.72 8.04
EPC (BTG) 270.00 0.00
EPC ( OTHER) 240.00 0.00
NON EPC ( SOFT COST) 32.33 0.63

Civil Works 7.80 0.00
Construction and Pre-Commissioning Expenses( Misc Asset) 6.6 0.13
Contingency Expenses Err:522 Err:522
Total Heads Err:522 Err:522
Quarterly Expense
Upfront Equity 51%
Equity 30% Err:522
Cumulative Equity
Debt 70% Err:522
Cumulative Debt
Interest ( Including Financial Charges) 12.25% Err:522
Quarterly Interest 3.06%
Cumulative Interest
Project Cost Including IDC & FC Err:522
Total number of quarters for unit I 13

Total number of quarters for unit II 2
Cumulative Quarters 15
Total number of quarters for unit III 2
Cumulative Quarters 17.00
Debt upto CoD of unit I Err:522 Interest Err:522

Debt upto CoD of unit II Err:522 Interest Err:522
Debt upto CoD of unit III Err:522 Interest Err:522
IDC Err:522 Rs Cr
Total Project Cost Err:522 Rs Cr
MOSER BAER PROJECTS LIMITED
3X50 MW THERMAL POWER PLANT FINANCIAL MODEL
INTEREST DURING CONSTRUCTION

ALL VALUES IN Rs. CRORE
2 3 4 5 6 7 8 9 10 11
1st 2nd 3rd 4th
May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10
25.00%
9.00% 11.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
17.00% 17.00% 20.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
2 3 4 5 6 7 8 9 10 11
1 2 3 4
May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10
0.00 0.00 0.00 2.68 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 21.60 0.00 0.00 0.00 0.00 26.40
0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63
1.33 0.00 0.00 1.33 0.00 0.00 0.00 1.56 0.00 0.00
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522
Err:522 Err:522 Err:522
Err:522 Err:522 Err:522

Err:522 Err:522 Err:522
Err:522 Err:522 Err:522

Err:522 Err:522 Err:522
12 13 14 15 16 17 18 19 20 21
4th 5th 6th 7th
Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10
15.00% 17.00% 8.00%
12.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
22.00% 12.00% 12.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
12 13 14 15 16 17 18 19 20 21
4 5 6 7
Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 40.50 0.00 0.00 45.90 0.00 0.00 0.00 21.60 0.00
0.00 0.00 0.00 0.00 0.00 0.00 28.80 0.00 0.00 0.00
0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63
1.72 0.00 0.00 0.94 0.00 0.00 0.00 0.94 0.00 0.00
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522
22 23 24 25 26 27 28 29 30 31
8th 9th 10th 11th
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11
13.00% 17.00% 14.00%
11.00% 7.00% 19.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
22 23 24 25 26 27 28 29 30 31
8 9 10 11
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 35.10 0.00 0.00 0.00 45.90 0.00 0.00 37.80
26.40 0.00 0.00 0.00 16.80 0.00 0.00 0.00 45.60 0.00
0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Err:522 Err:522 Err:522
Err:522 Err:522 Err:522
Err:522 Err:522 Err:522

Err:522 Err:522 Err:522
Err:522 Err:522 Err:522

Err:522 Err:522 Err:522
32 33 34 35 36 37 38 39 40 41
11th 12th 13th 14th
Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12
11.00% 5.00%
9.00% 15.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
32 33 34 35 36 37 38 39 40 41
11 12 13 14
Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12
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 29.70 0.00 0.00 0.00 13.50 0.00
0.00 0.00 21.60 0.00 0.00 0.00 0.00 36.00 0.00 0.00
0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Err:522 Err:522 Err:522
Err:522 Err:522 Err:522
Err:522 Err:522 Err:522

Err:522 Err:522 Err:522
Err:522 Err:522 Err:522

Err:522 Err:522 Err:522
42 43 44 45 46 47 48 49 50 51
14th 15th 16th 17th
Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13
7.00%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96% 1.96%
25.00% 25.00% 25.00% 25.00%
42 43 44 45 46.00
14 15 16 17
Sep-12 Oct-12 Nov-12 Dec-12
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 16.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522
Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522
18 19 20 21.00
21.00
1508.71
3X50 MW THERMAL POWER
FUEL EXPEN
ALL VALUES IN
Total No. of units 1314.00

PLF 85.0%
Actual generated units 1116.90
Units to generate(1st yr) 657.60 million units
Actual generated units(1st yr) 558.96 million units
CALCULATION O
SECONDARY Fuel
Secondary Fuel Consumption 1.00

(in Litre) 0.0010
(in Kg) 0.00093
Secondary Fuel Cost 35250.00

35.25
Secondary Fuel Cost per unit 0.03
Total Secondary Fuel Consumption per Annum 4.32

1225.96
PRIMARY FUEL
GCV of Secondary Fuel 10.72
Heat contribution from sec Fuel to produce 1 unit 10.72
Heat contribution from Primary Fuel 2769.28
Coal required to produce one unit 0.81

Coal Price 0.80
Cost of Coal to produce one unit 0.65
VARIABLE CHARGE FOR A SINGLE UNIT ( Rs./kwh ) 0.68
AUXILIARY CONSUMPTION 10%
RATE OF ENERGY DELIVERED TO EX-BUS ( Rs./kwh )

0.76
Primary Fuel Cost Escalation 6.00%

Secondary Fuel Cost Escalation 7.00%
2012-13 2013-14
Units to be generated ( million units) 657.60 1314.00
Total Coal Cost per Annum 42.81 85.54
Total Sec. Fuel Cost per Annum 2.16 4.32
Cost of COAL for 2 months 7.14 14.26
Cost of Sec. Fuel for 2 months 0.36 0.72
Total Variable Charges 44.97 89.87
Variable Charges/ unit 0.80 0.80
Energy Rate at Bus Bar 0.89 0.89

MW THERMAL POWER PLANT FINANCIAL MODEL
FUEL EXPENSES
ALL VALUES IN RS. Cr.
Units to generate(2nd yr) 1206.00 million units

Actual generated units(2nd yr) 1025.10 million units
CALCULATION OF VARIABLE EXPENSES
ml/kwh
litre/kwh
kg/kwh Specific Gravity of Secondary Fuel 0.93
Rs/MT
Rs/kg
Rs/kwh
Rs.Cr
MT
kcal/ml
kcal/kwh
kcal/kwh
kg
Rs/kg
Rs
0.68
0.76
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00
90.68 96.12 101.88 108.00 114.48 121.35 128.63 136.34 144.53 153.20
4.62 4.95 5.29 5.66 6.06 6.49 6.94 7.43 7.94 8.50
15.11 16.02 16.98 18.00 19.08 20.22 21.44 22.72 24.09 25.53
0.77 0.82 0.88 0.94 1.01 1.08 1.16 1.24 1.32 1.42
95.30 101.07 107.18 113.66 120.54 127.83 135.57 143.77 152.47 161.70
0.85 0.90 0.96 1.02 1.08 1.14 1.21 1.29 1.37 1.45
0.95 1.01 1.07 1.13 1.20 1.27 1.35 1.43 1.52 1.61
2024-25 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35
1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00 1314.00
162.39 172.13 182.46 193.41 205.01 217.31 230.35 244.17 258.82 274.35
9.10 9.73 10.41 11.14 11.92 12.76 13.65 14.61 15.63 16.72
27.06 28.69 30.41 32.23 34.17 36.22 38.39 40.70 43.14 45.73
1.52 1.62 1.74 1.86 1.99 2.13 2.28 2.43 2.60 2.79
171.49 181.87 192.87 204.55 216.94 230.07 244.00 258.78 274.45 291.08
1.54 1.63 1.73 1.83 1.94 2.06 2.18 2.32 2.46 2.61
1.71 1.81 1.92 2.03 2.16 2.29 2.43 2.57 2.73 2.90
2035-36 2036-37 2037-38
1314.00 1314.00 1314.00
290.81 308.26 326.76
17.89 19.15 20.49
48.47 51.38 54.46
2.98 3.19 3.41
308.71 327.41 347.24
2.76 2.93 3.11
3.07 3.26 3.45

3x50 MW THERMAL POWER PLANT FIN
INTEREST ON WORKING C
ALL VALUES IN Rs. Cr.
YEAR OF OPERATION 1 2 3 4 5
Cost Of Coal For 2 Months 7.14 14.26 15.11 16.02 16.98
Cost Of Secondary Fuel For 2 Months 0.36 0.72 0.77 0.82 0.88
O&M Expenses For 1 Month 1.00 1.06 1.12 1.18 1.25
Maintenance Spares Err:522 Err:522 Err:522 Err:522 Err:522
Receivables Of Two Months Err:522 Err:522 Err:522 Err:522 Err:522
Total Working Capital Err:522 Err:522 Err:522 Err:522 Err:522
Increase in Current Asset Err:522 Err:522 Err:522 Err:522 Err:522
Interest App. Part Of Working Capital Err:522 Err:522 Err:522 Err:522 Err:522
Increase in Working Capital Err:522 Err:522 Err:522 Err:522 Err:522
Interest On Working Capital Err:522 Err:522 Err:522 Err:522 Err:522
Working Capital Margin
Total Project Cost Err:522

Interest on Working Capital 12%
Maintenance Spares (20% of O&M EXPENSES) 1.15%
Escalation of Maintenance Spares 6%
Margin Money for Working Capital 25%
OWER PLANT FINANCIAL MODEL
T ON WORKING CAPITAL
LL VALUES IN Rs. Cr.
6 7 8 9 10 11 12 13 14 15
18.00 19.08 20.22 21.44 22.72 24.09 25.53 27.06 28.69 30.41
0.94 1.01 1.08 1.16 1.24 1.32 1.42 1.52 1.62 1.74
1.32 1.40 1.48 1.56 1.65 1.75 1.85 1.96 2.07 2.19
16 17 18 19 20 21 22 23 24 25
32.23 34.17 36.22 38.39 40.70 43.14 45.73 48.47 51.38 54.46
1.86 1.99 2.13 2.28 2.43 2.60 2.79 2.98 3.19 3.41
2.31 2.45 2.59 2.74 2.89 3.06 3.24 3.42 3.62 3.83
3x50 MW THERMAL POWER PLA
O & M CHARGE CALCULAT

All VALUES ARE IN RS. Cr.
YEARS OF OPERATION 1.0 2.0 3.0 4.0 5.0 6.0
O&M Expenditure(2%of TPC) 12.00 12.69 13.42 14.19 15.01 15.87
Monthly Expenditure 1.0 1.1 1.1 1.2 1.3 1.3

O&M Expenses( in % of TPC) 2.00%
O&M Expenses per Annum 12.00
Escalation of O&M Charges 5.75%
L POWER PLANT FINANCIAL MODEL
GE CALCULATION
RE IN RS. Cr.
7.0 8.0 9.0 10.0 11.0 12.0 13.0
16.78 17.75 18.77 19.85 20.99 22.20 23.47
1.4 1.5 1.6 1.7 1.7 1.8 2.0

14.0 15.0 16.0 17.0 18.0 19.0 20.0 21.0 22.0 23.0
24.82 26.25 27.76 29.35 31.04 32.83 34.71 36.71 38.82 41.05
2.1 2.2 2.3 2.4 2.6 2.7 2.9 3.1 3.2 3.4
24.0 25.0
43.41 45.91
3.6 3.8
3x50 MW THERMAL P
Interest on Loan Capital 12.0% INTEREST

Interest on Loan (Quarterly) 3.0%
Year 2012-13 2013-14

NO. of Quarters 1.0 2.0 3.0 4.0 5.0 6.0
Quarters 1st 2nd 3rd 4th 1st 2nd 3rd
Opening Balance 420.0 420.0 420.0 420.0 420.0 410.5
Interest 12.6 12.6 12.6 12.6 12.6 12.3
Principle Amount 0.0 0.0 0.0 0.0 9.5 9.5
Loan Repayment 12.6 12.6 12.6 12.6 22.1 21.9
Outstanding Balance 420.0 420.0 420.0 420.0 410.5 400.9
Year Months Loan Amount Interest Principle Paid

2012-13 12.0 420.0 50.4 0.000
2013-14 12.0 420.0 48.7 38.2
2014-15 12.0 381.8 44.1 38.2
2015-16 12.0 343.6 39.5 38.2
2016-17 12.0 305.5 34.9 38.2
2017-18 12.0 267.3 30.4 38.2
2018-19 12.0 229.1 25.8 38.2
2019-20 12.0 190.9 21.2 38.2
2020-21 12.0 152.7 16.6 38.2
2021-22 12.0 114.5 12.0 38.2
2022-23 12.0 76.4 7.4 38.2
2023-24 12.0 38.2 2.9 38.2
Total No of Months 48.0
Total Debt 420.0

W THERMAL POWER PLANT FINANCIAL MODEL
INTEREST ON LOAN CALCULATION

3-14 2014-15 2015-16

7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0
4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th
400.9 391.4 381.8 372.3 362.7 353.2 343.6 334.1 324.5
12.0 11.7 11.5 11.2 10.9 10.6 10.3 10.0 9.7
9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5
21.6 21.3 21.0 20.7 20.4 20.1 19.9 19.6 19.3
391.4 381.8 372.3 362.7 353.2 343.6 334.1 324.5 315.0
Repayment Loan Amount Left Cumulative Repayment

50.4 420.0 50.4
86.9 381.8 137.3
82.3 343.6 219.5
77.7 305.5 297.2
73.1 267.3 370.4
68.5 229.1 438.9
64.0 190.9 502.9
59.4 152.7 562.2
54.8 114.5 617.0
50.2 76.4 667.2
45.6 38.2 717.4
41.0 0.0 758.5
2016-17 2017-18 2018-19
16.0 17.0 18.0 19.0 20.0 21.0 22.0 23.0 24.0 25.0
1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd
315.0 305.5 295.9 286.4 276.8 267.3 257.7 248.2 238.6 229.1
9.5 9.2 8.9 8.6 8.3 8.0 7.7 7.4 7.2 6.9
9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5
19.0 18.7 18.4 18.1 17.9 17.6 17.3 17.0 16.7 16.4
305.5 295.9 286.4 276.8 267.3 257.7 248.2 238.6 229.1 219.5
2018-19 2019-20 2020-21
26.0 27.0 28.0 29.0 30.0 31.0 32.0 33.0 34.0 35.0
3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th
219.5 210.0 200.5 190.9 181.4 171.8 162.3 152.7 143.2 133.6
6.6 6.3 6.0 5.7 5.4 5.2 4.9 4.6 4.3 4.0
9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5
16.1 15.8 15.6 15.3 15.0 14.7 14.4 14.1 13.8 13.6
210.0 200.5 190.9 181.4 171.8 162.3 152.7 143.2 133.6 124.1
2021-22 2022-23 2023-24
36.0 37.0 38.0 39.0 40.0 41.0 42.0 43.0 44.0 45.0
1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd
124.1 114.5 105.0 95.5 85.9 76.4 66.8 57.3 47.7 38.2
3.7 3.4 3.2 2.9 2.6 2.3 2.0 1.7 1.4 1.1
9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5
13.3 13.0 12.7 12.4 12.1 11.8 11.6 11.3 11.0 10.7
114.5 105.0 95.5 85.9 76.4 66.8 57.3 47.7 38.2 28.6
2023-24 2024-25
46.0 47.0 48.0
3rd 4th 1st 2nd 3rd 4th
28.6 19.1 9.5 0.0 0.0 0.0
0.9 0.6 0.3 0.0 0.0 0.0
9.5 9.5 9.5 0.0 0.0 0.0
10.4 10.1 9.8 0.0 0.0 0.0
19.1 9.5 0.0 0.0 0.0 0.0
3X50 MW THERMAL PO
DEPR
ALL VA
YEAR OF OPERATION 1.0 2.0 3.0 4.0 5.0 6.0
Gross Block Err:522 Err:522 Err:522 Err:522 Err:522 Err:522

Depreciation (S.L.M) Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Net Block Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Depreciation after Loan Repayment 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Repayment 50.4 137.3 219.5 297.2 370.4 438.9
Advance Against Depreciation (AAD) Err:522 Err:522 Err:522 Err:522 Err:522 Err:522

Depreciable Cost Err:522
Depreciable Amount 90.0%

Depreciation 5.28% using SLM
No. of years of Operation 25.0 years
Repayement Period 12.0 years

THERMAL POWER PLANT FINANCIAL MODEL
DEPRECIATION
7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 16.0
Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 Err:522 Err:522 Err:522 Err:522
502.9 562.2 617.0 667.2 717.4 758.5
Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
17.0 18.0 19.0 20.0 21.0 22.0 23.0 24.0 25.0
Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
3x50MW THERMAL POWER PLAN
TARIFF CALCULATIO
ALL VALUES IN Rs.Cr.
YEARS OF OPERATION 1.0 2.0 3.0 4.0

2012-13 2013-14 2014-15 2015-16
Annual capacity(Fixed) Charges:
Interest on Loan Capital 50.40 48.68 44.10 39.52
Depreciation Err:522 Err:522 Err:522 Err:522
Return on Equity 0.16 0.16 0.16 0.16
O&M Expenses 12.00 12.69 13.42 14.19
Interest on Working Capital Err:522 Err:522 Err:522 Err:522
Total Annual Capacity(Fixed) Charges Err:522 Err:522 Err:522 Err:522
Per Unit Capacity Charges(Rs./kwh) Err:522 Err:522 Err:522 Err:522
Energy(Variable) Charges
Coal charges 42.81 85.54 90.68 96.12
Secondary Fuel Charges 2.16 4.32 4.62 4.95
Total Variable Charges 44.97 89.87 95.30 101.07
Per Unit Variable Charges(Rs./kwh)
Energy rate at EX-Bus Bar 0.89 0.89 0.95 1.01
Total Generation Charges Err:522 Err:522 Err:522 Err:522
Per unit Generation Charges ( Nominal Tariff ) Err:522 Err:522 Err:522 Err:522
Total Generation Unit (MU) per Year 1314.0 657.6 1314.0 1314.0 1314.0
PLF 85.0%
Actual Unit Generated (MU) 1116.9 559.0 1116.9 1116.9 1116.9
Monthly Generation Unit (MU) 93.1
Annual Receivables Err:522 Err:522 Err:522 Err:522
Monthly Receivables Err:522 Err:522 Err:522 Err:522
Discount rate 10.19%

Discounting Factor 0.91 0.82 0.75 0.68
∑Discounting Factor 8.95

Nominal Tariif x Discounting Factor Err:522 Err:522 Err:522 Err:522
Levelised Tariff Err:522

OWER PLANT FINANCIAL MODEL
ALCULATION SHEET
ALL VALUES IN Rs.Cr.
5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0
2016-17 2017-18 2018-19 2019-20 2020-2021 2021-22 2022-2023 2023-24 2024-25 2025-26
34.94 30.35 25.77 21.19 16.61 12.03 7.45 2.86 0.00 0.00
0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
15.01 15.87 16.78 17.75 18.77 19.85 20.99 22.20 23.47 24.82
101.88 108.00 114.48 121.35 128.63 136.34 144.53 153.20 162.39 172.13
5.29 5.66 6.06 6.49 6.94 7.43 7.94 8.50 9.10 9.73
107.18 113.66 120.54 127.83 135.57 143.77 152.47 161.70 171.49 181.87
1.07 1.13 1.20 1.27 1.35 1.43 1.52 1.61 1.71 1.81
1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0
1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9
0.62 0.56 0.51 0.46 0.42 0.38 0.34 0.31 0.28 0.26
15.0 16.0 17.0 18.0 19.0 20.0 21.0 22.0 23.0 24.0
2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
26.25 27.76 29.35 31.04 32.83 34.71 36.71 38.82 41.05 43.41
182.46 193.41 205.01 217.31 230.35 244.17 258.82 274.35 290.81 308.26
10.41 11.14 11.92 12.76 13.65 14.61 15.63 16.72 17.89 19.15
192.87 204.55 216.94 230.07 244.00 258.78 274.45 291.08 308.71 327.41
1.92 2.03 2.16 2.29 2.43 2.57 2.73 2.90 3.07 3.26
1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0 1314.0
1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9 1116.9
0.23 0.21 0.19 0.17 0.16 0.14 0.13 0.12 0.11 0.10
25.0
2036-37
0.00
Err:522
0.16
45.91
Err:522
Err:522
Err:522
326.76
20.49
347.24
3.45
Err:522
Err:522
1314.0
1116.9
Err:522
Err:522
0.09
Err:522
3x50 MW THERMAL PO
P
A
1 2 3 4 5
Year of Operation 2012-13 2013-14 2014-15 2015-16 2016-17
Revenue generated from sales Err:522 Err:522 Err:522 Err:522 Err:522

less- Expenses
O&M Expenses 12.0 12.7 13.4 14.2 15.0

Cost of Coal 42.8 85.5 90.7 96.1 101.9
Cost of Secondary Fuel 2.2 4.3 4.6 4.9 5.3
Total Expenses 57.0 102.6 108.7 115.3 122.2
less-Depreciation
Depreciation Err:522 Err:522 Err:522 Err:522 Err:522
PBIT Err:522 Err:522 Err:522 Err:522 Err:522
less- Interest
Interest on Loan 50.4 48.7 44.1 39.5 34.9

Interest on Working Capital Err:522 Err:522 Err:522 Err:522 Err:522
Total interest Err:522 Err:522 Err:522 Err:522 Err:522
PBT Err:522 Err:522 Err:522 Err:522 Err:522

Carry of Loss( if any ) Err:522 Err:522 Err:522 Err:522 Err:522
Calculation of Book Profit
PBT+Depreciation Err:522 Err:522 Err:522 Err:522 Err:522
Initial Book Value Err:522 Err:522 Err:522 Err:522 Err:522

less- Depreciation as per IT Act 7.84% Err:522 50.2 50.2 50.2 50.2
Taxable PBT Err:522 Err:522 Err:522 Err:522 Err:522
Total Corporate Tax Payable 33.99% Err:522 Err:522 Err:522 Err:522 Err:522
Minimum Alternative Tax 11.22% Err:522 Err:522 Err:522 Err:522
PAT Err:522 Err:522 Err:522 Err:522

THERMAL POWER PLANT FINANCIAL MODEL
P&L ACCOUNT
ALL VALUES IN Rs. Cr.
6 7 8 9 10 11 12 13 14 15
2017-18 2018-19 2019-2020 2020-21 2021-22 2022-2023 2023-24 2024-25 2025-26 2026-27
15.9 16.8 17.7 18.8 19.8 21.0 22.2 23.5 24.8 26.2
108.0 114.5 121.3 128.6 136.3 144.5 153.2 162.4 172.1 182.5
5.7 6.1 6.5 6.9 7.4 7.9 8.5 9.1 9.7 10.4
129.5 137.3 145.6 154.3 163.6 173.5 183.9 195.0 206.7 219.1
30.4 25.8 21.2 16.6 12.0 7.4 2.9

50.2 50.2 50.2 50.2 50.2 50.2 50.2 50.2 0.0 0.0
Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
16 17 18 19 20 21 22 23 24 25
2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36 2036-37
27.8 29.4 31.0 32.8 34.7 36.7 38.8 41.1 43.4 45.9
193.4 205.0 217.3 230.4 244.2 258.8 274.4 290.8 308.3 326.8
11.1 11.9 12.8 13.7 14.6 15.6 16.7 17.9 19.1 20.5
232.3 246.3 261.1 276.8 293.5 311.2 329.9 349.8 370.8 393.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
3x50 MW THERMA
CA
CASH FLOW
Inflow 0 1 2 3 4
PAT Err:522 Err:522 Err:522
Depreciation Err:522 Err:522 Err:522 Err:522
Equity 180.0
Debt 420.0
Increase in Working Capital Err:522 Err:522 Err:522 Err:522
Total Cash Inflow 600.0 Err:522 Err:522 Err:522 Err:522

Outflow
Capital Expenditure 600.0
Loan Repayment 0.0 38.2 38.2 38.2
Increase in Current Asset Err:522 Err:522 Err:522 Err:522
Total Cash Outflows 600.0 Err:522 Err:522 Err:522 Err:522
Opening Balance 0.0 0.0 Err:522 Err:522 Err:522

Net Cashflow 0.0 Err:522 Err:522 Err:522 Err:522
Closing Balance 0.0 Err:522 Err:522 Err:522 Err:522
MW THERMAL POWER PALNT FINANCIAL MODEL
CASH FLOW STATEMENT

ALL VALUES IN Rs. CRORE
5 6 7 8 9 10 11 12 13 14
38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2

15 16 17 18 19 20 21 22 23 24
25
Err:522
Err:522
Err:522
Err:522
Err:522
Err:522
Err:522
Err:522
Err:522
3X50 MW THERM
1 2 3 4 5 6
Year of Operation 2012-13 2013-14 2014-15 2015-2016 2016-17 2017-18
Liabilities
EQUITY 180.0 180.0 180.0 180.0 180.0 180.0

RESERVES & SURPLUS Err:522 Err:522 Err:522 Err:522 Err:522
NET WORTH 180.0 Err:522 Err:522 Err:522 Err:522 Err:522
DEBT 420.0 420.0 420.0 420.0 420.0 420.0
WORKING CAPITAL Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
TOTAL LIABILITIES Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Asset
GROSS BLOCK 600.0 Err:522 Err:522 Err:522 Err:522 Err:522

DEPRECIATION Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
NET BLOCK Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
CASH & BANK BALANCE Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
CURRENT ASSET Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
TOTAL ASSET Err:522 Err:522 Err:522 Err:522 Err:522 Err:522

0 MW THERMAL POWER PLANT FINANCIAL MODEL
BALANCE SHEET
7 8 9 10 11 12 13 14 15 16
2018-19 2019-2020 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
180.0 180.0 180.0 180.0 180.0 180.0 180.0 180.0 180.0 180.0
420.0 420.0 420.0 420.0 420.0
17 18 19 20 21 22 23 24 25
2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36 2036-37
180.0 180.0 180.0 180.0 180.0 180.0 180.0 180.0 180.0



3x50MW THER
0 1 2 3 4
Year of Operation
2011-12 2012-13 2013-14 2014-15 2015-16
Total (Cash Inflow - Cash Outflow)
PAT 0.0 Err:522 Err:522 Err:522

DEPRECIATION 0.0 Err:522 Err:522 Err:522 Err:522
INTEREST 0.0 Err:522 Err:522 Err:522 Err:522
PAT+DEPRECIATION+INTEREST -600.0 Err:522 Err:522 Err:522 Err:522
-600.0 Err:522 Err:522 Err:522 Err:522

DISCOUNT RATE 10.19%
NPV Err:522
IRR Err:522
CALCULATION OF WACC 0 1 2 3 4
2011-12 2012-13 2013-14 2014-15 2015-16
Weight of Debt 0.70 0.70 0.70 0.70

Weight of Equity 0.30 0.30 0.30 0.30
Cost of Debt ( Repayment Period ) 0.12 0.12 0.12 0.12
Cost of Equity 0.16 0.16 0.16 0.16
Cost of Debt ( After Repayment )
Cost of Capital 0.13 0.13 0.13 0.13
WACC 0.12
33.99%
DSCR CALCULATION
Year 0.0 1.0 2.0 3.0 4.0
DEPRECIATION 0.0 Err:522 Err:522 Err:522 Err:522
INTEREST ON LOAN 0.0 50.4 48.7 44.1 39.5
PAT 0.0 0.0 Err:522 Err:522 Err:522
REPAYEMENT OF LOAN 0.0 0.0 38.2 38.2 38.2
NET OPERATING INCOME (NOI) 0.0 Err:522 Err:522 Err:522 Err:522
TOTAL DEBT SERVICE 0.0 50.4 86.9 82.3 77.7
DSCR (Debt Service Coverage Ratio) 0.0 Err:522 Err:522 Err:522 Err:522
AVERAGE DSCR Err:522
Loan Duration 12.0 years

3x50MW THERMAL POWER PLANT FINANCIAL MODEL
NPV & IRR CALCULATION

ALL VALUES IN RS. Cr
5 6 7 8 9 10 11 12 13 14
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
5 6 7 8 9 10 11 12 13 14
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30
0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
0.08 0.08
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.10 0.10
5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0
34.9 30.4 25.8 21.2 16.6 12.0 7.4 2.9 0.0 0.0
38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2 0.0 0.0
73.1 68.5 64.0 59.4 54.8 50.2 45.6 41.0 0.0 0.0
Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 0.0 0.0
15 16 17 18 19 20 21 22 23 24
2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36
15 16 17 18 19 20 21 22 23 24
2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36
0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30
0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
15.0 16.0 17.0 18.0 19.0 20.0 21.0 22.0 23.0 24.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
25
2036-37
Err:522
Err:522
Err:522
Err:522
Err:522
25
2036-37
0.70
0.30
0.16
0.08
0.10
25.0
Err:522
0.0
Err:522
0.0
Err:522
0.0
0.0
Years of Operation 1 2 3 4 5 6
Variable Cost 44.97 89.87 95.30 101.07 107.18 113.66
Fixed Cost Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Average Fixed Cost 73.33 73.33 73.33 73.33 73.33 73.33
Total Cost Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Total Revenue Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Actual Generated MU 558.96 1116.90 1116.90 1116.90 1116.90 1116.90
Cumulative Actual Generated MU 558.96 1675.86 2792.76 3909.66 5026.56 6143.46
Cumulative Total Cost Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Cumulative Total Revenue Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
1.00
Cumulative Total Cost
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00 0.00 0.00 0.00 0.00 0

558.96 1675.86 2792.76 3909.66 5026
7 8 9 10 11 12 13 14 15 16
120.54 127.83 135.57 143.77 152.47 161.70 171.49 181.87 192.87 204.55
73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33
1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90
7260.36 8377.26 9494.16 10611.06 11727.96 12844.86 13961.76 15078.66 16195.56 17312.46
BEP
0.00 0.00 0.00 0.00 0.00 0.00

3909.66 5026.56 6143.46 7260.36 8377.26 9494.16
17 18 19 20 21 22 23 24 25
216.94 230.07 244.00 258.78 274.45 291.08 308.71 327.41 347.24
73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33 73.33
1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90 1116.90
18429.36 19546.26 20663.16 21780.06 22896.96 24013.86 25130.76 26247.66 27364.56
0.00 0.00
9494.16 10611.06

Power Tariff Calculation

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MOSER BA

3X50 MW THERMAL POWER PLANT FINANCIAL MODEL

INPUT & ASSUMPTION SHEET

Installed Capacity of single unit

(CERC Norms 2009-14)

Ministry of Petroleum & Natural Gas

Total Project Cost Err:522 Rs. Cr

Unit Capacity ( MW) 50.0

Land and Site Development

Cost of Land : Sub-total

Site Development Expenses

Total Land & Site Dev

Total Civil Works

Customs Duty : Offshore Sy

Total EPC Costs(BTG)

Total EPC Costs(BTG) Incl Esc

EPC Costs (Others)

BoP Incld Civil Works

Customs & Excise

Total EPC Costs (Others)

Misc. Fixed Assets(Incl Washeries)

Total Misc. Fixed Assets(Incl Washeries) Incl Esc

Non EPC(Soft Cost)

Interest During Construction

Total Project Cost Incl Esc

Cost ( Rs Crore) Area ( in Acre)

( %of Basic Cost)

60.00 According to DPR provided

According to DPR provided

According to DPR provided

According to DPR provided

According to DPR provided

According to DPR provided

According to DPR provided

MONTHS OF YEAR BEFORE COD Total of Total 1

EPC (BTG) 270.00 100.00%

EPC ( OTHER) 240.00 100.00%

NON EPC ( SOFT COST) 32.33 100.00% 1.96%

Civil Works 7.80 100.00%

Construction and Pre-Commissioning Expenses( Misc Asset) 6.6 100.00% 1.96%

Contingency Expenses Err:522 100.00%

Total Expenditure Err:522

MONTHS OF YEAR BEFORE COD Total of Total 1

EPC (BTG) 270.00 0.00

EPC ( OTHER) 240.00 0.00

NON EPC ( SOFT COST) 32.33 0.63

Construction and Pre-Commissioning Expenses( Misc Asset) 6.6 0.13

Contingency Expenses Err:522 Err:522

Total Heads Err:522 Err:522

Total number of quarters for unit I 13

Debt upto CoD of unit I Err:522 Interest Err:522

3X50 MW THERMAL POWER PLANT FINANCIAL MODEL

INTEREST DURING CONSTRUCTION

17.00% 17.00% 20.00%

Err:522 Err:522 Err:522

Err:522 Err:522 Err:522

Err:522 Err:522 Err:522

Err:522 Err:522 Err:522

15.00% 17.00% 8.00%

22.00% 12.00% 12.00%

Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522

Err:522 Err:522 Err:522 Err:522