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Filing No.

Case No.IN THE MATTER OF: Application for approval of Supplementary Agreement

executed on 02.09,2021 to the power purchase

Agreement dated 17.06.2005 (principal Agreement)executed by and between NHpC Limited (formallyknown as National Hydroelectric power CorporationLimited) & West Bengal State Electricity DistributionCompany Limited (WBSEDCL) for purchase of entirepower from 160 MW Teesta Low Dam_lV power

Project of NHPC Limited at Darjeeling, West Bengalfor the period from 01.04.2021 to 31.03.2031 in terms ofregulation 7.4.1 of the West Bengal ElectricityRegulatory Commission (Terms and Conditions ofTariff) Regulations, 201 I as ame[ded.

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BEFORE THE HONOURABLE WEST BENGALELECTRICITY REGULATORY COMMISSION

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Chief Engineer (Regutation)r{e9ulation Department

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IN THf, MATTER OF':

, Block DJ,

West Bengal State ElectricityCompany Limited, Vidyut BhawanSector - II, Bidhannagar, Kolkata - 700 091

And

IN THE MATTER OF: NHPC Limited (formally known as NationalHydroelectric Power Corporation Limited),Registered office at NHpC Office Complex, Sector-33, Faridabad, Haryana-121003

I, Sri Sudipta Mukhopadhyal son of Late Deb Kumar Mukhopadhyay, aged 57 yearsresiding at 2 Kundan Bye Lane, Liluah, Howrah _ 7ll2}4 do solemnly affirm and say asfollows:

l ' I am the Chief Engineer (Reguration) of the west Bengar state ElectricityDistribution Company Limited, petitioner in the above matter, and am dulyauthorized by the said petitioner to make this affidavit for and on its behalf.

2. The statements made in paragraphs I to 16 herein now shown to me and markedwith the letter ,,A,, are true to my knowledge and nothing material has beenconcealed from the statements so made.

Solemnly affirm at Korkata on this 24s day of November, 202r thatthe contents of thisaffidavit are true to my knowredge, no part of it is false or nothing materiar has beenconcealed there from and misleading material included therein_

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Identified By M"\ila,tuoz Barut

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MANOJ BASU

. CHAUDHURI,.NOTARY't

GO'"'T. OF INDIAl--s3ri. No._6504/0iiUjJhannagar CourlDist.-North 24 pgs-

I { Nov 202r

Ad.uocateEnro,ment No._F-242l2OOA

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BEFORE THE HON'BLE WEST BENGAL ELECTRICITYREGULATORY COMMISSION

Filing No. _Case No.

In the matter of : Application for approval of Supplementary Agreement executed on02.09.2021 to the power purchase Agreement dated 17.06.2005(Principal Agreement) executed by and between NHPC Limited(formally known as National Hydroelectric power CorporationLimited) & West Bengal State Electricity Distribution CompanyLimited (WBSEDCL) for purchase of entire power from 160 fUWTeesta Low Dam-lv power project of NHpC Limited at Darjeeting,West Bengal for the period from 01.04.2021 to 31.03.2031 in terms ofregulation 7.4.1 of the West Bengal Electricity RegulatoryCommission (ferms and Conditions of Tariff) Regulations, 201I asamended.

AND

In the matter of :

AND

In the matter of :

West Bengal State Electricify Distribution Company, VidyutBhawan, BIock DJ, Sector - II, Bidhannagar, Kolkata _ 700 091

NIIPC Limited (formally known as National HydroelectricPower Corporation Limited), Registered oflice at llHpC OfliceComplex, Sector-33, Faridabad, Haryana_121003.

2

The West Bengal State Electricity Distribution Company Limited, hereinafterrefened to as *WBSEDCL.

is a Distribution Licensee under Electricity Act,2003and engaged in the business ofgeneration, distribution and supply ofelectricitv.

NHPC Limited (forma[y known as Nationar Hydroerectric power CorporationLimited), a Company incorporated under Companies Act, 1956 having its registered

L*-f, rc..-a-V"a.,Chief Engineer (Regutation)

r(egutation Department\A/BSEDCL

Page I of5

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office at NHPC Office Complex, Sector-33, Faridabad, Haryana_I21003, hereinafterreferred to as "NHpC,'.

3. That ln the r03rd ERE Board Meeting held on 27.04.2002 it was confirmed by Gov1.of west Bengar that the entire power from the TLDp-IV HEp wourd be absorbed bywBSEB (now WBSEDCL). on the basis of the same, ppA was executed on 176.June 2005 (hereinafter to be referred as ..principal Ageement,,) with NHpCmentioning the commitment of Govt, of west Bengar for purchase of power fromTeesta Low Dam-IV power hoject (40x4=l60MW) (hereinafter collectively referredto as TLDP-IV") of NHpC as per allocation of Govemment of India (In short .GOI,)

with a contract period of5 (Five years) from coD ofthe first unit dated I1.03.2016as per terms and conditions contained in the said ppA.

4. That Hon'ble West Bengal Elechicity Regulatory Commission (hereinafter to bereferred as "commission') vide order dated 30.07.2013 approved the principar

Agreement on the application dated 14.01.201I of WBSEDCL

5' The PPA is ofperpetuar nature, even though the agreement stated to be operative for5 years as indicated in the Article 12 ofthe Agreement highlighted below:

"This agreement may be mutually extended, renewed or replaced by aratheragreement

' The provisions of this Agreemenr shalr continue to operate tiL thisAgreement is formarry renewed, exrended or repraced, in cose Bulk power

Customer continued to get power from the project even aJier expiry of theagreement without further renewal or formal extension thereof ,,

Page 2 of5J-,-g,a [t*4-7"aq,

'TffiH:Hiix:fffti"iV\/BSEDCL

6. That Ministry of power, Govt. of India also issued 100% allocation to WBSEDCL.Therefore, being a State Govt. Enterprise. WBSEDCL is to go by the commitment ofGovt. of West Bengal.

7' That NHpc proposed to extend the ppA up to 18.08.2056 (for entire useful life ofPower Station i.e. 40 years from COD of last unit 19.0g.2016) based on CERCdetermined AFC/ tariff Since, in WBSEDCL,s view, the AFC / tariff approved byCERC for TLDp-lV is found higher, WBSEDCL entered into negotiation with

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NHPC besides challenging the Revised project cost ofthe project at different forum.Brief narration of discussion on the issue of progression of dispute between NHpcand WBSEDCL over TLDp-lV and Negotiation for arriving at a negotiated tariffmodel is enclosed as (Annexure-I.)

8' That both the parties for the purpose ofensuring no dispute arisen in future regardingtariffof rLD.-III, entered negotiations and a broad understanding was reached and aMOM dated 6/7e Feb 2020 (Annexure_fl_A) was signed by and between the parties.In line with r,-Dp-rr both the parties have agreed for an artemative tariffmodel forTLDP-IV and deviation from norms specified in cERC TariffRegurations 2019 andthe tariff shall be a single part tariff applicable on the quantum of energy supplied.The tariff agreed in the supplementary agreement is a discounted tariff arrived atafter due negotiation with NHpC compared to the Tariff approved by CERC forTLDP-IV. Board of Directors of WBSEDCL accorded in principle approval of thesame. (copy of resolution is attached as Annexure-Ill)

9. That in exercising the said provision of Article 12.0 this SupplementaryAgreement is being executed to extend/renew/supplement the aforementioned ppAdated 176. June 2005 on expiry of 05 years from the date of commercial operationofthe first unit ofTLDp-lV.

10. That a supplementary Agreement to the principal Agreement is executed on02.09.2021 by and between WBSEDCL & NHPC for purchase of entire power fromTLDP-IV Power project of NHpC Limited at Darjeeling, West Bengal for the periodfrom 01.04.2021 to 31.03.2031. (copy ofthe Supplementary Agreement executed on02.09.2021 is enclosed as Annexure- A).

II. DURATION OFAGREEMENT:

a) The principal Ageement has expired on 11.03.2021 on expiry of05 yearsperiod of commercial operation of the first unit of TLDp_lV, as the COD ofthe first unit of TLDp_lV was 11.03.2016. Both the parties agreed to extendthe ppA dated lTth June 2005 further till 3r.03.202r with the same terms andconditions.

r-J-c4.-?4 lt(-" L*a" .-l_ttt7Page 3 of5

Chief Engineer (Requlation)Hegulation Department

V\/BSEDCL

7

A

b) The revised,l amended terms and conditions in this Supplementary Ageementshall come into force with effect from 01.04.2021 and shall remain valid till31.03.2031 .

12. The tariffas per modified terms and conditions is single part tariff and fixed for the

period from 01.04.2021 to 3r.03.2026 @Rs. 4.35&wh and for the period 01.04.2026

to 31.03.203 I @Rs. 4.46lkWh.

13. That it is informed that NHpc has submitted an application to Hon,bre centralElectricity Regulatory commission (hereinafter to be referred as ,.GERC") forapproval of the tariff agreed mutually in the Supplementary Agreement dated

02.09.2021.

14. Due to applying negotiated tariff excess amount arready paid by wBSEDCL as per

CERC tariff for energy supplied from 0l .04.202 | calcurated as per the revised terms,

shall be refunded by NHpc within a month of signing of this agreement. No [.ate

Payment Surcharge (LpSC) shall be payable by NHpC for the said period.

WBSEDCL reserves the right to adj ust the amount to be refunded againstoutstanding dues of NHpC.

15. Justification of Power requirement of TLDp IV is already submitted vide memo.no.

REG/SERC/I55 dated 07.07.202r (encrosed as Annexure-IV), considering bothTLDP-III & TLDP-IV in operating condition and as must run power station. Theabove stated document may be considered towards satisrying the requirement ofregulation 7.4.2 (a) of the WBERC Tariff Regulation.

16. Benefits ofthe Agreement:

a) The tariff proposed in the supplementary agreement is a discounted tariffanivedat after due negotiation with NHpC compared to the tariff approved by CERC inthe tariff order of TLDpJV dated 24.0r.202r. Thus as per MoM executed by &between NHPC and WBSEDCL, supplementary agreement has been prepared forfurther l0 years.

b) TLDP-IV FIEp is connected to WBSETCL network directly, hence no CTUcharges and losses is applicable which should also be taken care of duringpurchase power from other sources.

Page 4 ofs

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-c) TLDP-IV being a pondage type project (Relevant pages of application submitted

by NHPC to CERC on 17.10.2018 attached as Annexure-V) can meet the peak

requirement of power and also able to provide support during the period of theyear when requirement of power remains higher during March to October.

PRAYER TO THE HON'BLE COMMISSION

The Petitioner humbly prays to the Hon'ble Commission to:

(a) Accord approval of the Supplementary Agreement dated 02.09.202t to the

Principal Agreement executed by and between NHPC & WBSEDCL forpurchase of entire power from 160 MW Teesta Low Dam_lV power hoject ofNHPC Limited at Darjeeling, West Bengal for the period fiom I1.03.2021 to31.03.2021 under GERC tariffand from 01.04.202r to 31.03.203r, on issuance

of order by CERC approving the mutually agreed tariff as per Supplementary

Agreement dated 02.09.2021, in terms of regulation 7.4.1 of the West Bengal

Electricity Regulatory Commission (Terms and Conditions of Tariff)Regulations, 201 I as amended.

(b) Pass an order as the Hon,ble Commission may deem fit and proper keeping inmind the facts and circumstances ofthe case.

A

Page 5 of5

<4a L*a-7-<t ,Chief Engineer (Requlation)

/xegulationDepartment,

WESEDCL

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HARYANASUPPLEMENTARY POWER PURCHASE AGREEMENT

BETWEEN

NHPC LIMITEI)

AND

WEST BENGAL STATE ELECTRICITY DISTRIBUIION COMPANY r TMtTED

SUPPi i:lvlt-Nl.iRY i).i,1,i't:l ,llRCr,,'.:lt ,iilREEfu4ENi , rr|r. 1il8r a,iltle,)

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:lre,,ay' NHPC Lrn'rted. "' .t.. t. i;t: , t, il,.:,i.:-t..lr - i, .:i,..',. ...

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WE ST BE NGAI. S tAtE tt-t.C l-Rl(. tI'/ DlSTRtll(..t I iON COMpANy Llrvt ,) (r\ cc,vt

Ol West Bengal entcrprise) 1". .- WEST UEN. SIAItt.LECTRICITY BOARDT a Conrpany rncorl)()rittcd ri,)(ler the Compar A{:t .1956

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Each ol the parlres first and second oart shall oe tndlvtdualtv referred to as lcollectivelv as Parlres

AND WHEREAS Artrcle 12.0 of the PPA dated 17th June 2005 regardrng

AGREEMENT- states as follows:

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/')1/* oFu /(,-^ua?..q?7,Chief Engineer (Regutation)

Hegulation DepartmentWBSEDCL

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Amended ',rrrns and Conditions:

A. Amendr '-'nt in Arlicle 1.0 (DEFINITIONS:) of the PPA dated 17th June 2005:

1.0 0Et'..tTloNS

i) A newas s/'j

B. Amend,,,cnt of Article 6-0 (TARIFF) of the PPA dated 17th June 2005:

Article n shall be substituted as under:

6 TARIF F

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6 3 The tartfi for each frnancrai year shall be as mentloned above irre: :ctive of any

other provrsrons of the exrstrng taflff regulatrons as well as regulai.. changes rn

subsequent CERC Tanff Regulatror)s n 2024 and onwaros trll 31 03 . 1 However

'lhe rmpact of any vanatron n exrstrng stalutorv levies or rntroduclr. of any new

statutory levies shall bg !ak:n ,r tc effec: as .nentroned rn '1?. no NH.'

Comml / WBSEDCLTPPA r Canrp Kolkataioldated 24 02 ?O21 on.: pcrnt no 2

(Annerure-ll).

6 4 No addrtronal caprtalrzahon arbrtratron cost etc shall be consrdered ' . WBSEDCL

Simrlarly sharing of gains mentroned rn Chapter .14 cf CERC Tariff Re : r ations 2019

and subsequent changes rn fLrlLrre tanft regulatrons dunng the perr. :'Jf '10 years

(O1.O4 2021 to 31 03 2031/ shall also not be applrcable

6 5 NHPC shall be pard for generatron ex-bus rn respect of NHPC Stat', ,, at the tanff

mentioned above rn clause 6 2

6 {i NHPC Statrcn shall be treated as must run power station anC ali. 'eductlon In

schedule approved by SLDC rbackrng down cf NHPC Statron) ,tead of lhe

schedule grven by NHPC shall be constdered as deemed generatrrj ''nd shall be

paid at the taflff mentloned above In clause 5 2 however less ge' '' ation due to

Hydrology shall not be considered bv WBSEDCL

C. Amendment of Article 12.0 "DURATION OF AGREEMENT" of the PPA dated

17th June 2005:

DURATION OF AGREEMENT

1 The PPA dated '1 7rt' June 2005 nas exptred on 10 03 2021 on exptry of vears perrod

of comn]ercral operatron of the tlrsl unrt of Tl DP-l\/ as the COD o+ "'. frrst unit of

C. '( 'l<-ic_ re,_;l/uf "-A_,Chief Engifrier (Regutation)

Hegulation DepartmentWBSEDCL

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For and . 'ehall ofNHPC L rr ',,ci

For and on behalf ofWBSEDCL

Sgrtlrrr SarterChcf Engrnoor

Powc( Tredrng E Procr,renrcr{ Cdl'$ASEDCL

WITNESS

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Progressron of dispute between NHPC Ltd (NHPC) and West ll , rlg a

Electricity Distribution Conrpany Ltcl. (WBSEDCL) over TLDP-lV :rr',1 Negotiationfor arriving at a negotiated tarifl nlodel

'1 Teesta [.ow Dam -lV Power Statron 14 x 40 MW=160 MWt has 'en declared

under COD 'r e f 19 08 201(; hrrivcvet COD ol frrst urlrt was done ,' 11 0i 20 16

2 \^IBSEDCL rs a sole benefrcr;iry of TLD-IV and GOI has allocateo ;0u', power to

V/BSEDCL PPA of TLD-lV Prolect was srgned by WBSEDCL wril NHPC on the

basrs ot DPR prepared bv NF'|P(. lor TLDP-IV and tlre Tt)' to Economrc

Clearance t T ECr of Central Lleclrlcrty Authorlty (CEAr dated 23 1;' 003 orr datecl

17 06 2005 lor a penod of 5 years from COD ol frrst unrl I e upto 03 2021 and

has exprred since 10 03 2021

3 Salenl strpulatrons of TEC were

a Schedulecl date of aomrrlssro|rrrlE of the pro,ect as 3Ll ' ' 2009 I otal

esttmated cost of the pro,ect was 998 36 Cr lncludrng ll'' and FC oI t

73 97 Cr at August 2003 prrce level iwhlch was subsequi, lly revis€d by

Cablnct Cornnl(tee ott Fcrttlottitc Affairs {CCEA) to {1061 ' Crore based

ott Decenlber 2005 prrr:e k-'vell

b The conlpleted cost oI schenle should nol exceed the appro "'d cosl except

on account of the following

Change rn rate of lndlan lax and dutles

Change rn lndrart t aw resulllng IIl change ln cost

lnteresl During Conslrtlctlon and Flnanclng Charge-\ ' rrall be as pel

actual bLtt 'rot exceedrng the amounl as lndrcated ln I t C

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Regulation DepartmentWBSEDCL

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al f" 'i) shari taxe ,rlc consrdefatron the res,rr oi physrcsl rnooer srudres ar rh€tr' ,. of total design ofvaflous crvil engrneerrng structure

b) N i:'g shall take irlto a-corrnt suggesirorr made bv Geologrcal Survey of lndrai] j{.-,lrlral !^jaier rjCrr!rI,{s,)t) al lh(, l,.tle Uf tolal (,esrq,r

c) I' .ase o{ geologrcal surprses NHpC was obltgaled lo rnalnla[t iecord olo, .,)togtcal surprise and al the same ttme NHpc was to conshtute an experlc ,' rntttee conststtng oi represenlatron of Slale Governnrerrt of West Benqal( ,loercal Survey of lndra Cerrlral \y',laler Cornmrss,on a,,d Cenlral Eiectr.,l\'/\ rr')orrty once the conlr'rttee ts co,lstrtured NHpc was requrred tc subr!rftlr,.,r proposal for the enhanced cosl due to occurence of geologlcal surprrseti ;uqh g1p€rl commtttee which in turn shall examine and recover lhe cosll rof

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NHPC clainred Cost Overrun for following reasons of Time Ov,:r,g1.

(a) Delay in transfer of forest land.

(b) Local agitatton

(c) Pol[rcal movements,

(d) Flash floods.

(e) Left Bank slope farlure

(1) Addrtronal works

(S) Removal of silt accumulated due to flash flood,

(h) Financial crisis of civil conlraclor

NHPC did not constrtute Expert Commtttee for examrnrng tir.. ,nsiolsnl 11

Geological Surprises as per stipulation of TEC and thus the cl:r ,r of NHPC

regarding time and cost overrun for Geolcgical surprises is not based on

recommendation of the Expert Comnrrttee.

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6 CFRC has passed an order orr [,3 U-1 201 ' arrd granted lnlenm tarl' . )nsrderrng

propcl cost as per DPR

l{HPC's view - Hon'ble CERC granted rntenm tariff on 03.01.201 i based on

CCEA cost of Rs 1061.38 crores ln the sard order CERC directed NI|PC lo filetresh tarrff petition based on actual COD of the Units along with the grr, reporl and

the approved RCE for determrnrng the capttal cost and final tariff ol I : L rP-lV.

7. irOP. GOI requested GoWB and WBSEDCL for submission of therr vrcws on the

pro,ect cost of TLDP-lll and TLDP-IV on 17.03 2017 and GoWB anr, WBSEDCT

made a presentation on the anomalies in the claim of NHPC in rr -esence of

oflrcials of MoP Gol.

8. The flood data of nver Teesta for the relevant period received b,, GoWB on

18 08 2017 from CWC clearly showed thal there was no unprecede:rred flmd of

rNer Teesta durrng the peflod of constructron except dunng 26tt ar,.i 27tn l,|ay

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@42(Regulalion,ief Engineer

lation DepartmentWBSEDCL

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2009 vhen cyclone Arla hit West Eengal though NHPC claimed of unprecedented

flood :s malor reason for trme and cost overrun

NHPC's view :

NHPL ras already submined the detailed cjata on flood discharge wttnessed bv

the P' ,rect rn various years to Hon ble CERC

9 Cons dering the DPR, TEC DIA report and flood data receued from CWC.

Officri+rs of WBSEDCL analysed the time overrun of TLDP,IV based on reasons

stated by NHPC for the same and came lo conclusion that at best 31 months Ttme

Over, rrn can be allowed for TLDP-IV conespordirlgly proiect cost of { 1450 89

Crori ;an be allowed wrth cost overrun of { 389.51 Crore

'10 Gol'. , whrle sendrng the detarl analylical report on TLDP-lV. requested MoP Gol

by le , rr dated 23 10 201 I 1o consrder the dtscrepancies and arrornalies tn the

clarr ,n trme and cost overrun tndacating acceptable ttme overrun of 31 months

and . sl overrun of { 389 5'l Cr

NHPC s view on point no. 9 & 10 NHPC has already subnrrtte<l the detarler.:

data rts reply to Hon'ble CERC and MoP GOt

11 NHP1 . rn July. 2018, filed petitions tor recovery of energy charges for shortfall olgene .rtron beyond the control of NHPC for tlre year 2017-1A and 2018-19 CERC

has ,'.iued order for the year 2017-18 on 21.11.20'19 allowing recovery energy

charr',s on account shortfall of generation for such year declaring concerned

shorli.ril of generation was beyond the control of NHPC. This has resulted in further

rncre:r:ie the tariff of TLDP-IV Other petition is pending before CERC.

12 Nl-lI also subn)ttled peltllons for recovery of excess C)&M expenses on the

Qrou . uf revrsion of salary ol its employees arrd officers and deploymenl securlvpers nel whrch will f rtrther escalate the cost of power of T LDP lV

NHPC s view on points 'll E 12 :

f--, <+e fC^-t 7--t+7Chief Engineer (Regulation)

Regulation DepadmentWBSEDCL'g*

The claims related to shortfall of Energy & impacts of wage revrsion w':.re

in line with the provrsrons o{ extant CFRC Tarifr Regulations

1:1, ln view of excessively high cost ol power ot TLDP-IV which has put unrr

burden on the consume.s, WBSEDCL did not renew the PPA dated 1

rn terms of the Article 1 2 of the PPA on exprry cf 5 years fiom the COL) ' the F rrst

unrt. i r-.. from 11.03.2021.

14.NHPC engaged w,th ! /BSEDCL for arriving at a negotiated tarif sincc .)an.2021

but since was not materialized

15. WBSEDCL has been exprssing their unwillingness for extending the P!'A beyond

10.03.2021.WBSEDC1 vrd€ Memo CE/PTP/NHPCz81 dated 11 01 2021 rssued

termrnatlon notice for supply ol power from TLD-IV Po$/er Station under Article 12

read with Article 13 o{ th€ PPA fhe sard Notrce has been kept in abeyarr' e till now

on the basrs of request of NHPC

16.NHPC filed Revrsed Petrtron No 354lcfl2018 before CERC in Au,rusl. 2018

clieiming project cost up to 2018-19 as ? 1822 95 Cr and upto 31 011 )2'l as ?

2404.95 Cr which has been disposed of by CERC on 24.01.2021 allow.,rg Prolect

co6t of { 1698.86 Cr as on 31 03 2019. CERC vkte order dated 24O 2021 has

notifted tariff for the period 201+19 and has approved Annual Fixet Charges

(AFC) of Rs.324.48 Crs for the FY 2018 19 whrch resuJts rn tarrff of Rs ' f;1/kwh

ilHPC's viewr- Hon'ble CERC has notified tarifi order daled 24.O1.2O2' ir.rr TLDP-

lVfrortheperiodfromCODof firstunilie. 1'l 032016to31.032019afrurdetailed

scrutiny of submissrons in petitron no. 354/GT/20't8 made by both N IPC Ltd &

WBSEDCL and after prudence chec[

17. A letter had been sent by NHPC to WBSEDCL on 29.01.2O21 , equestlng

WBSEDCT to extend the PPA al CERC determrned tariff in light of the : :der dated

.t

!

a0*aChief Engineer (Regular

Regulation DepartmentWBSEDCL

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., ,ssued by Horr ble CE RC rn whtch AF C of Rs :124 48 Cr has been

18 WBSED( rrde letter CE/PTP/NH PC/342 dated i9 02 2OZi has rntormed rhal the

proposal ' NHPC has not been accepted and notlce o{ tetnrnatlon rssued vrde

letter CFr{ 1P/NHPC/281 dated 1 1 01 2021 rs frrm and remarn valid trll any turlhe-

communr, rtron fronl lhetr enc

'19 Accordrr' ! a tearn of officers of NHPC vrsrted WBSEDCI Kolkata orr 23rd,25th

Februarv '021 in order to negotrate the tanf{ and to ensurc unhrndered sale

of power trom TLD-IV Power Station. After detaited discussron on 23 02 ?A21

and 24, 2021 between officers o{ NHPC and WBSEDCL a consensus has

oeen arr ' .,1 for

r) extending the exrstrng PPA (srgned on 17th June 2005) upto

31 03 2021 on same terms and condfrons with CERC

determined AFCI larfil up lo 3'l 03 2O21 and

,ri exlending the PPA isigned on 17th June 2005) wrth tarift of

Rs 4 35/kwh from 01 04 2021 to 31.03 2026 and tantf of

Rs 4 46/kwh from 01 .04.2026 to 31 .03.2031 whrch resulted rn

levelised tariff of Rs. 4.39/ kwh for 10 years (alternatrve tariff model

wrth devrated CFRC nr;rnrs)

20 Subsegu, rly, the aloresaid proposal of tanff (altematve tanff model) with

deviatecl ltrRC norms has been approved in-prrncipb by both Board o{ Directors

of NHPC rrrd Board of Directors of WBSEDCL

21 Accordtn :r I thrs Supplementary PPA rs being executed to supplement the PPA

dated 'li' June 2005 for the period upto 3'l 03 2031 in respect ol TLDP-IV

* EI

WBSEDCL

1

. r"(-,ry "PJie-oos

,4r"r.rxur.4uryPtrqT;{f fl''{frft!3:

NtfrPC Lisucited

'2

J.^/4L n*b;"er,Ch/ef En gineer (de g u ta tio6)

Regulation Department\A'BSEDCL

HEiB,'

I

4 Rcl ::es and late payrnenl sur(;harge shall be as per exasttnq OFRC norms (2019-

A(: .,r,tngly NI IPC ano WBSEI )CL wrli approach thetr respectMe Board rtDI, 'i.)rs/ Management lor altproval ol the proposal WUSi.flCt wtll approacl.u/L 'lc tor app!'oval of th€ arafl [)t)A anri NHI)c wrll appro3,]lr and seek necessarvapr ./als from il[--RC Ihcrcafler the l)pA wrll be sgned for Tt l),lV power starrorlfor years re lrom FY 2021 22 to Fy 2030-31

It rs th,' . rofe requesled lhat ln-pfincrplc conscnt may be accord€:d to ahove proposal sothat w,. ,rn suomtt the proposa, f{)r consrd(] l ahon of BOL] of NHPC as menttoned :riPolrll r.

Thankr, .,orr

Yours. .)erely

I

i

L*Vc, lC-,A,,7" 47Chief Engineer (Regutation)

Regulation DepartmeitWBSEDCL

t , . J-'

\

J uot' C@ingineer (Re1ulation Degar

6-7

AooxtvuLva'g-4

rlt

l'.ri r,

)l

64\/=rEE)_)

)

)

2

)

:i.11

/'-))-l^aya fZ^,af-&27Chief Engineer (Reguta!ion)

Regulation Department\AASEDCL ,,

AxNttote@-

EXTRACTS FROM THE MINI]TES otJ 'IHE 96TH MEETING OF BOARDIRECTORS OF WEST BENG,AL S'TATE EI-EC'IRICITY DISTRIBUTION CO

LIMITED HELD ON THL.IRSDA'/. 25TII \1AR('H. ]O2I IARY

13. ln Principle Approval firr acteptancc of tariff mugaNHPC and rvithdrarral of tcrmination notice to NH

lll arrivcd br' \\ BSUI'C l.ld. in respect of P

Purchase Agreemenl frlr TI"DP-l\' ll[,P and subsequcnl erecution of a fresh

rgreement for l0 l ears

Drrcetor (R&l-) placed the Jcti,rils t'l'thc lrtrpu,rrl t'.lirrc the Board

Hc stated that an agreentent uas erccLrred c,n I7.t)6.1005 betrveen NIIPC and \\'llSEIl for

sLrpply of 100% porver lronr -fLilP-IV pro.iect- installed capacity 14x40M\\'t of NHPC'

r\greenlcnt \\as e\L.culcd lir; Il|e r'.'ars liom thc coD of the flrst Llnit i.e ll.u3.l(,i6 r'alid

upro li).()l.l0ll. rherr,.lrier llris.,\grernrcnl rnal hc nrutually ertcndcd. ren!'\\cd ()i Icnlace(l

1,,. ni:tr-l.her Agreement !)n su(h r.cnrls ,rrtJ ii'r .oeir lirrthcr period t'l'tiilc as tllt fiditics ll)a\

1c,r'ec to.

'i'hc rafitT lbr inirial u5 1cars. i.c.. h,,rrrr l]\' l0ll -ll lo F\' 1025-26 rvould be { l.li'K\'\'Hi r,l for nerr ()5 r'ears. i.t-.. lor I:\' :lr16-:? l() l\' liri(!il. taril'f rvould be l.lrr'K\\'}l ,rnd

rr.,::l.i :.,.r:rain ljsed a1J un.,lrc1(jLi lr.'r l\' :t)l(r-l() & F\' :010-ll. taritl'*otrl.i h''' as

ri:rlr';iinctl hr llon'hi." ('I:R( .

l;rnantial involvement lor first five l ears for taritl,.? {4.15/KWH and 6th to lOih )ean larltT

,ri {{.46lK\vll for prrrchase of powcr irorn It.DP-lV IIEP. considering ari avcragr

L'o,isumption of Tltl MLr pet year is lPp'osirniltch cnvisaged as follorvs:

. , | ..,

altr,.

Purchase of total energ)' (Appl;t.IAJtll- financial inr,olr '.';,tctti irr i).r t. r ;,1;rlll tlor tl:st ()-i vcars

(ApproL))

l l, \ll

Rs. ltt8.i ir.

Addl. financial involvemenl in Rs ('r'. '.'erl1' (tbr 6th to lOth;'eatF,.. .i I t) (ri ('r

The iloard tliscussed and rrbserr',-'d lhri i,r \ i.rv oi i,tcdel Code of (lunduct being cnfblced

fbr west Ilengal t-egislatiYc -,\ssc,t.rl.l, l iccli,'il:. onl!' ln-princilrle apPr(rYal mir) he

acco r cl,:d.

fhr'rlafter the Uoarci passeJ the lirll r":ir- ':'il:: rrr'r

"RESOI,\'t,D TH.AT lrr prinr:iple ri)i)!J\ :rl is ilci"hy accorded to the pl oPosal lbr 'II.Dl'-

iV llf..P PP.A dated l7 (i6 ?(l(i5 J,,r -i .,.::ir. L,u crlclttled. reneued or r!-placcd lilr lilrthcl

p:r'roJ ol'l() \'ear:'. t)n rlic taril! & i.c;rr: ':rlrlrrrtll) lrrrived Jt bet$r'en \\'liS[ [)( I- & \tlP(-\i1lc L..ll!,r Jutcd ll.(.rl l(lll ir;r.l \ll j.l l.'t: r I l.l{ l'!r rcsP(eti\t1,. ,rnJ l!lIllr(:I lcn:rs &

c!)ndrti()rrj l.s mar tc c(rllf i.lri!d !\ l'l iir-' ,l,l1r1 .,,, . , ,1,. ( \1D."

(urvo. ilxt'",4rr)

| t,L\ ,) |J*414 E--t7.-o+,

Chief Engineer (Regutation)Regulation Deparlment

WBSEDCL

tt

ll

i ltem

l(.Approx.))

'RESOLVED FURTHER THAT In principle approval is herebl accorded to th€ pmposal

for the notice of termination dared I I .0 I .2021 be further kept in abeyance till the conclusion

of the transaction or withdrav"n as may be decided by the CMD fronl time to lime."

' ot-,

Cenified ro be true

Ar G, ,.". ,Ll rr.., a, .

tAlparna Biswasl >)lo\l l)l(lomnanv Secretarv

9*f tLut4-.r'e7tChief Engineer (Regulation)

Regulation DepartmentWBSEDCL

FAX : 033-2334-5862Teleohones : 2359-8391

: 2319-7364

\lcrno No. IiEC/strRC/ l5 5 U tJ .ll,ll 2ll2i

I<-r

'l he Sect etat Y.

*"ri t.nruitf ."tricity Regulhtory Cornmission'

l'a, *" lnurr. Prernises No' MAR l(r-l I I l'

r\.tion Ar"o - I A' Nerv Torvn' Raialhat'

l(olkata 700163S ub:

Ite tl

$syntgvQ € ' tv

crN-U40 1o9WB2 00? sG ctl'3 47 .3

Web: wbseclcl ln

e-mait tD cere(l wt)5c(trl'' 'r'r 'rrl ('rr'

Date : 07/0

uJert Bengol,Itqre (lectdcitu D i/trib-u[ion (omponil Ltd'

(A Government of West Bengal Enterprise)

Office of the Chief EngineeriI

oulation lt

r200

T.,aAt

Nr6

A p pr ic,r ti on rbr " i r r- pri ilc i p re'' :.1" lji'iio[' ir rii',Tlxi'Jiiti;" l l U

Insirllrrtion attd Cottttnissiottrng,or ,ruvu .:"1

"1..:,,,i-i;,'|.,

l.l.:ctricitrnli;il'si";;; ur.iect at Ptrrirlia bv w:s-t B:ncill ll"li '..1;

Distrlibution Cotupltrll t-irrrrteo "iwg(EoCL) in terrns r)1" It''rtr[rti()r]

2.g.1.4 ol.rhe Wcst Ilcngcl t'..,)i.i,y ti.gutnioty Cotntnissi"rt { le ttrts

i;l"i Co,,'i'ii",,t "li l arit'ti ltegt'lntions' 201 I as ancrr(lcd'

i. Y(rul l-ctter W lJ L l{C/O'\-264i t ?- I lti 559 d"tc(l 06 04 1{)'i I

ii.oLrtl.cttcrl{E(i/lrrvcstrttertt,tpproval/ll4(l,lte(I20'0.1']()]l

Sit.

with reterence to abovc rve are subrnittirrg her.ervith the t-oad cenetation Ilitlanr'r licp{)r'l

(LCBI() fbr F\ 7028-2girr relation to l000 lvlW'lurga Purnped Storage Project as r\ttncsttrc-A

'llre saicl LGBtI is preparecl rrntler tbllorvinq consicleration:

a) Reviserl COD ofTtrrga Ptrnrped Storage l)roiect is in FY 2028-29 - ...-.'.,:"^,,1,'

b) Unt{el EPS l9'r'' litst tive year ly 2027-73 to 2026-27 CAGR on Energy tetlttircttrcrrt ol'

WBSEDCI- is 3'09%''lheretbre tbr liltlret' Yeat to Year Energy l(eqtlirerllent g'ro\\lll i'i

consiclerctlas],09%fbrtlreper.iotl2027.28to203l-32..fheEnergl,.Recltlit.cltletltlirr.I:\,

2028-29 bectrtres 5l137 ivlU'

c) Untler EPS l9'h' last tive veat FY l0l'2-23 to 2026-27 Cr\CI{ on Ut:lO

, '::l::ll"' "'

wtJSEDCLisS.l%..l.herefbretbr.tirr.tlrcr.Yeal.toYearPeakDenrandgr.orvtltisctltlsitlut.ctl

as l.lgn tirr the periotl 202T-28 ro 203 1-i2' -fhe Peak Demand tbt FY 2028-29 ttcc.'trr'-s

,,., iill .[1;,-longrerrnpr)r\ancr proposerl rongrermpr)Alrasbeenrnentionedinthcl-(iltlt

.lLrstilicatiott lirr establisllrnctrt ol 1000 MW 'l'trrga Pumpecl Storage Proiect:

L'r4^' ra" 4'a'ZChief

Block - oJ, Se

1930 to 1940Registerecl Office ,,r,0r,, "{1lll."?'jl,8li1t ?!

"t8egulati€n&eParffiotWBSEDCL

Itnraybetbtrn<ltiorntheenglosedLoadCenerationBalanceRepor.tforFY.29that'[.ur.ga

l'umpecl Storage rvill be helplirl to manage peak demand'

So in vierv of the above' it is justitiecl tbr cstablishment of 1000 MW Tttrga Put petl Stttrage

l)ro.icct consiclerirrg the Energy '"iui"'"nt & Peak Demancl as projectecl in the lgtl' EI)S antl alstr

consideiing the existing long terln & ttpconring PPA along with renervable power obligtttiorts as per

Orcler No. 23103/20 | 6-R&R dated 29'01 2021 ol Ministry of Power' Col '

Yours titithf'ullY'," 0 ,.< ^,t\-?fltlt12Chief Engineer

Regtrlation Cell

NOTARY

w_ C"f. t7,-L.f'162Chief Engineer (Regulation)

Regulation DepartmentVVBSEDCL

Block - DJ, Sector - ll' Kolkata - 700 091

1 930 to 1940Reeisterecr offi ce : "Vicrvut Bt:il3iJ"?'li8ll11?!

I

j

tI A,rnwNu<E-A

ffi,,'l.lcr.rR'/ i

e-* ff-, " lrtJtYz

nder (Requ!ation)gration DepartmentWBSEDCL

YEARLY PEAKDEMAND (Mw) /

AvAlr.ABtLrrY (Mw)ANNUAL ENERGY

IN MU

WBSIDCL 5313 t

'rlo

2

!,:

SuppLy to cEsc 0

0

0

supply to DPSC0

Export to sikkim 69

URGA PumPin!

PPSP Pum

0 2493

0 137 5

9910 5?0?3Io1.AI. SYS'TIiY DIiMAND (A)

ob

EeE

u6

5h

SubtotalThermal

4

I

9O'/6

o N tl o N N Il I) o 2 9I:R YRo F'IEC RAB AL'IItA IA Ut.

Asp er Existint PPA .

3500WBPDCL450

DPL210liira n mo ec Encrgy

State Sector IPP

3942

\4.)tarakka sta8e 1& 2 +K HtPS 1 + MTPS

176Farakka sta8c 3

Dvc (mcjia 5)

Talchcr

4424

643

1542

45

45

91PrC -Adhunik

Mithon RiSht Bank

394

2453

394

380

4439335

40

5467NVVNL 0undle

WBSEDCL

703143TI.DP 4

tLDP-311tj

3910Chukha1691

69123

36Tala

Iccsta V

B

As per Prop osed Agreement

((;)Io L(1. Avrdll.Alllll'lY (D)= (B)+

91

52720

62

4a57

7A25

T2

0

900

77 40

5133

6661't('

780

14518

11102

2204

691

521

586

1336

rJ9

764

266

0

132

t24

1073

23

ItanElr

Total Existin

Kurichu

PPSP

SubtotalH

Total New addition { C }

Sagardighi 5

Subtotal HydroNON SOLAR RPO

DARLIPALI

SOI-AR RPO + HYBRID

ITAMI\,4AM 53

subtotalThermal

3-[s

BHUTAN P'IC NEW

9s6 5(D A)slroR t'r.'ar-L (-) ,/ suRl,r.tjs(a) -83 4

# n bove ligures arc at SItl llus

WEST BENGAL STATE ELECTRICITY DISTRIBUTION COMPANY LTD.

9905

5

r) G

27343

2234

7152A

850

280

850

oE

372

1045

2330

2a59

tt7

0

EP'ti3416

tr"^,4uar3

CHA

NOTARY

B

Respondent:

COMMISSION NEWDELHI

PETITION NO. IG"nI2OI8IN THE MATTER OF

Petition under section 79(r) & 86 of the cERC (conduct of Business), Regulation I999,section 62 (l) (a) of the Electricity Act'2003 and Regulation 7 (4) & 14 of cERC(Terms & conditions of rariff) Regulations, 2014 in respect of reesta Low DamPower station, stage-IV for the period from 1r.03.2016 (coD of first unit) to31.03.20t9.

Petitioner: NIIPC Limited

(A Govt. oflndia Enterprise)

NHPC Office Complex,

Sector-33, Faridabad- 12l 003.

The Chairman & Managing Director

West Bengal state Electricity Distribution Company Ltd.

Vidyut Bhawan (8'h Floor), Block-DJ

Sector-Il, Salt Lake, Kolkata-700091 (West Bengal)

Index

neer (Regulation)n Department

-t7

Sl No. Particulars Page No,

I Index 1-2

2 Application 3-18

3 vit & authority lefterAffida t9-224 Annexes:-

5 Annexure-I: Copy oT

03.0t.2017

CERC orders dated 08.11.2016 & 23-3r

WBSEDCL

I

v

Volume - l

L

C 'aA.

}JOTARY

NHPC Limitedrough

(A Pandey)

Chief Engineer (Comml.)

.9* ,?.,r2.*ry+7Chief Engineer (Regulation)

Regulation DepartmentWBSEDCL

*

Place :

Date

Faridabad

17.r0.2018

ta

2

Annexure-II: Copy of CERC Letter dated 03.07.2018

6 pproval of Revised Cost EstimateAnnexure-lll: Board A

(RCE)33

7 Annexure-IV: RCE submission letter to CEA 34

8 Annexure-V: Forms-1 to 16 as prescribed in CERC (Terms

and Conditions ofTarifQ Regulations, 2014.

3s-142

9 Annexure-VI: Details of gain on account of refinancing of 143-r51

r0 Annexure-VII: Level lised Tariff Computations 152- 153

ll Annexure-VIII: Copy ofpower allocation order 154- 155

t2 Annexure-IX: Copy of(RCE) submitted to Mop/CEA and pERT Chart

extracts of Revised Cost Estimate I 56- 165

t3 Annexure-X: Supporting ts for filing feedocumen

t4 Annexure-XI: Supporting

expenses

publicationdocuments for 174-190

l5 Annexure-Xll: Copy of ce sheet for the quarter

ending 30.09.2016, FY ZOt6-t7 &2017-ls

audited balan t91-525

t6 Annexure-XIII: Check List as per CERC order dated

06.05.2016 in petition no. 08/SM/2016 (only for CERC)

526-53t

17 Annexure-XIV: Copy of post receipts (only for CERC)speed 532

,.lt

loan

166-173

Volume - II

II. Teesta Low Dam - IV power station (hereinafter cailed ,TLDp-Iv / ,power station,)(4 x 40 = 160 Mw) located in the state of west Bengal has been decrared undercommercial operation w.e.f r9.0g.2016. The unit wise date of commerciar operationare as under:-

2r

IrI. TLDP-IV power station is located on river Teesta in the district Darjeeling of westBengal. This project was sanctioned by Govt. of India in Sept-2005 at a cost oft1061'38 cr (including IDC & Fc of { 69.7r cr) at March 2005 price levet. Thedesign energy of this project is717.7i.,7 MlJ.

IV

v

The rated head being 25.05 meters and capacity of each machine 40 MW, rateddischarge is only 174.95 cumecs per unit which enabres the project to supplypeaking power.

The power generated from TLDp-rv power Station is being supplied to westBengal, which is the sole beneficiary of project, i.e. Respondent herein as perPower Purchase Agreement (ppA) / BPSA signed with them.

vI' Prior to coD of power station, NHpc had submitted tariff petition no.107/GT/20r6 for approval of generation tarifffrom actual coD of rst and 2nd unitand anticipated COD of 3rd & 4th unit till 31.03.2019. c

4

*

ID

Iation DepartmentWBSEDCL

4,i<rerEng

tZ--&>^Jz--ineer (Rdgutati6F{

st.No.

Unit no,

o eration CODDate of Commercial

HAUl Unirl I t.03.2016

2 Unit-2 31.03.2016j

3 Unit-317.07 .2016

4 PowerUnit-4 /station l 9.08.20 16

Regu

{