LAHMEYER INTERNATIONAL

11/28/2007,10:59 AM

2 x 660 MW TPP

TARIFF CALCULATION
Year of operations

Year ended March 31

2010
31-Mar-10

Total Saleable Units

Fixed charge
Interest on Rupee Term Loan
Facilities & Services Charges
Depreciation
Return on Equity (ROE)
O&M Expenses
Water Cost
Interest on Working Capital
Taxes
Total Fixed Charges
Fixed charges per Unit
Levelised fixed charges
-discount factor d
- n(=1-d)
-Sum n(i-1)
Sum t(i)*n(i-1)

2011
2012
2013
31-Mar-11 31-Mar-12 31-Mar-13

2014
31-Mar-14

Variable Charge
Main Fuel Cost- Coal
Secondary Fuel cost
Incentive
Total Variable Revenue
Variable charges per Unit
Levelised variable charges
-discount factor d
- n(=1-d)
-Sum n(i-1)
Sum t(i)*n(i-1)
Tariff
Total Tariff
levelised Tariff

Million Units

1
Rs Crore
Rs. Crore
#REF!
Rs. Crore
Rs. Crore
Rs. Crore
Rs. Crore
Rs. Crore
Rs. Crore
Rs./ kWh
Rs / kWh
11.10%
88.90%

Rs. Crore
Rs. Crore
Rs. Crore
Rs. Crore
Rs / kWh
Rs. / kWh
11.10%
88.90%

Rs./ kWh
Rs./ kWh

4206-Cuddalore-2x660 MW VERS05-Tariff

14%

1.169
8.626
8.583
8.745
10.227

1.150
8.626
8.583
8.745
10.059

2.320

TARIFF CALCULATION

Months of operation - Unit # 1

Months of operation - Unit # 2
Cumulative months of operation from COD

2015
2016
2017
2018
2019
2020
31-Mar-15 31-Mar-16 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20

10

11

12

13

14

15

16

2021
2022
31-Mar-21 31-Mar-22

2023
31-Mar-23

2024
31-Mar-24

2025
31-Mar-25

2026
31-Mar-26

2027
31-Mar-27

12
6
6

12
12
18

12
12
30

12
12
42

12
12
54

12
12
66

12
12
78

12
12
90

12
12
102

12
12
114

12
12
126

12
12
138

12
12
150

12
12
162

12
12
174

12
12
186

6417.576

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

1
211.796

1
402.413

1
360.053

1
317.694

1
275.335

1
232.976

1
190.617

1
148.257

1
105.898

1
63.539

1
21.180

1
(0.000)

1
(0.000)

1
(0.000)

154.660
181.540
91.634

349.616
242.053
127.066

403.421
242.053
132.149

403.421
242.053
137.435

403.421
242.053
142.932

403.421
242.053
148.649

403.421
242.053
154.595

403.421
242.053
160.779

403.421
242.053
167.210

403.421
242.053
173.899

302.566
242.053
180.855

80.081
242.053
188.089

24.292
6.620
670.542
1.045

38.391
96.542
1,256.081
1.468

39.076
39.406
30.832
30.832
######## 1,097.337
1.325
1.282
Min.
0.641
0.591
0.532
0.656
0.591
0.625
0.555
0.828
0.712

40.156
30.832
1,025.498
1.198

40.579
30.832
989.994
1.157

41.037
30.832
954.781
1.116

40.237
17.945
804.835
0.941

0.810
0.900
0.889
1.305

39.839
124.247
1,264.688
1.478
1.521
0.656
0.729
0.703
1.038

39.765
30.832
1,061.283
1.240

0.900
1.000
1.000
1.045

39.566
124.247
1,301.489
1.521
Max.
0.729
0.810
0.790
1.202

0.479
0.532
0.494
0.612

0.431
0.479
0.439
0.526

0.388
0.431
0.390
0.451

0.349
0.388
0.347
0.387

0.314
0.349
0.308
0.290

604.277
31.253

821.817
42.504

838.253
43.354

855.018
44.221

872.119
45.106

889.561
46.008

907.352
46.928

925.499
47.866

944.009
48.824

962.889
49.800

635.530
0.990

864.321
1.010

917.224
1.072
Min.
0.591

935.569
1.093
0.990
0.532

973.366
1.138

992.833
1.160

0.810

899.239
1.051
1.759
0.656

954.280
1.115

0.900

881.607
1.030
Max.
0.729

0.479

0.431

1.000
0.990

0.889
0.898

0.790
0.814

0.703
0.738

0.625
0.670

0.555
0.607

0.494
0.551

0.439
0.499

2.035

2.478

2.551
Max.

2.529
2.710

2.397
Min.

2.376
1.872

2.356

2.336

0.911

Page 1 of 2

80.081
242.053
195.613

80.081
242.053
203.437

80.081
242.053
211.574

80.081
242.053
220.037

38.274

39.328

548.497
0.641

557.074
0.651

40.679
22.513
588.762
0.688

43.448
165.872
743.028
0.868

44.632
165.872
752.675
0.880

0.283
0.314
0.274
0.176

0.255
0.283
0.244
0.159

0.229
0.255
0.217
0.149

0.206
0.229
0.193
0.167

0.186
0.206
0.171
0.151

982.147
50.796

1,001.790
51.812

1,021.826
52.848

1,042.262
53.905

1,063.108
54.983

1,084.370
56.083

1,012.689
1.183

1,032.943
1.207

1,053.602
1.231

1,074.674
1.256

1,096.168
1.281

1,118.091
1.307

1,140.453
1.333

0.388

0.349

0.314

0.283

0.255

0.229

0.206

0.186

0.390
0.453

0.347
0.410

0.308
0.372

0.274
0.338

0.244
0.306

0.217
0.278

0.193
0.252

0.171
0.228

2.317

2.299

2.148

1.872

1.907

1.969

2.175

2.212

LAHMEYER INTERNATIONAL

Year of operations

17

18

19

Year ended March 31

2028
31-Mar-28

2029
31-Mar-29

2030
31-Mar-30

12
Months of operation - Unit # 12
1
12
Months of operation - Unit # 12
2
198 from COD
210
Cumulative months of operation

12
12
222

12
12
234

21

22

23

24

25

26

27

28

29

30

2031
2032
31-Mar-31 31-Mar-32

20

2033
31-Mar-33

2034
31-Mar-34

2035
31-Mar-35

2036
31-Mar-36

2037
31-Mar-37

2038
31-Mar-38

2039
31-Mar-39

2040
31-Mar-40

2041
31-Mar-41

12
12
246

12
12
258

12
12
270

12
12
282

12
12
294

12
12
306

12
12
318

12
12
330

12
12
342

12
12
354

8556.768

8556.768

Total Saleable Units 8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

8556.768

Fixed charge
1
Interest on Rupee Term Loan
Facilities & Services Charges
80.081
Depreciation
242.053
Return on Equity (ROE)
O&M Expenses
228.839
Water Cost
45.863
Interest on Working Capital
165.872
Taxes
Total Fixed Charges 762.708
Fixed charges per Unit 0.891
Levelised fixed charges
0.167
0.186
0.152
0.136

Variable Charge
Main Fuel Cost- Coal1,106.057
Secondary Fuel cost 57.205
Incentive
1,163.262
Total Variable Revenue
Variable charges per Unit1.359
Levelised variable charges
0.167

Tariff
Total Tariff
levelised Tariff

4206-Cuddalore-2x660 MW VERS05-Tariff

11/28/2007,10:59 AM

2 x 660 MW TPP

80.081
242.053
237.993

80.081
242.053
247.512

80.081
242.053
257.413

80.081
242.053
267.709

80.081
242.053
278.418

80.081
242.053
289.554

80.081
242.053
301.136

80.081
242.053
313.182

242.053
325.709

242.053
338.738

242.053
352.287

242.053
366.379

242.053
381.034

47.145
165.872
773.143
0.904

48.479
165.872
783.997
0.916

49.869
165.872
795.287
0.929

51.316
165.872
807.031
0.943

52.825
165.872
819.248
0.957

54.397
165.872
831.957
0.972

56.036
165.872
845.178
0.988

57.746
165.872
858.934
1.004

58.150
124.637
750.549
0.877

60.012
124.637
765.439
0.895

61.956
124.637
780.933
0.913

63.986
124.637
797.055
0.931

66.107
124.637
813.831
0.951

0.150
0.167
0.135
0.122

0.135
0.150
0.120
0.110

0.122
0.135
0.107
0.099

0.110
0.122
0.095
0.090

0.099
0.110
0.085
0.081

0.089
0.099
0.075
0.073

0.080
0.089
0.067
0.066

0.072
0.080
0.059
0.060

0.065
0.072
0.053
0.046

0.058
0.065
0.047
0.042

0.052
0.058
0.042
0.038

0.047
0.052
0.037
0.035

0.043
0.047
0.033
0.031

1,128.178
58.349

1,150.742
59.516

1,173.757
60.706

1,197.232
61.920

1,221.176
63.159

1,245.600
64.422

1,270.512
65.710

1,295.922
67.024

1,321.841
68.365

1,348.278
69.732

1,375.243
71.127

1,402.748
72.549

1,430.803
74.000

1,186.527
1.387

1,210.258
1.414

1,234.463
1.443

1,259.152
1.472

1,284.335
1.501

1,310.022
1.531

1,336.222
1.562

1,362.947
1.593

1,390.206
1.625

1,418.010
1.657

1,446.370
1.690

1,475.297
1.724

1,504.803
1.759

0.150

0.135

0.122

0.110

0.099

0.089

0.080

0.072

0.065

0.058

0.052

0.047

0.043

0.152
0.207

0.135
0.188

0.120
0.170

0.107
0.154

0.095
0.140

0.085
0.127

0.075
0.115

0.067
0.104

0.059
0.095

0.053
0.086

0.047
0.078

0.042
0.071

0.037
0.064

0.033
0.058

2.251

2.290

2.331

2.372

2.415

2.458

2.503

2.549

2.597

2.502

2.552

2.603

2.656

2.710

Page 2 of 2