WBERC approves the investment proposal of Rs.1019 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme
WBERC approves the investment proposal of Rs. 1019.00 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme
IN REGARD TO THE APPLICATION SUBMITTED BY THE WEST BENGAL STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED (WBSEDCL) FOR INVESTMENT APPROVAL FOR STRENGTHENING AND EXTENDING ELECTRICITY DISTRIBUTION NETWORK (SEEDN) IN TERMS OF REGULATION 18.104.22.168 OF THE WEST BENGAL ELECTRICITY REGULATORY COMMISSION ( TERMS AND CONDITIONS OF TARIFF) REGULATIONS, 2011, AS AMENDED.
The Commission after considering the above facts and submissions made by WBSEDCL in their petition dated 12.04.2017 along with supplementary petitions dated 30.05.2019, 11.12.2019, 16.01.2020 and subsequent submissions, clarifications, documents and duly noting the submission under letter dated 31.10.2019 approves the investment proposal of Rs. 1019.00 Crore (Rupees One Thousand . and Nineteen Crores) under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme in terms of regulation 22.214.171.124 of the Tariff Regulations which is fully funded by the State Government.
The Commission also gives the following directions:
(i) In future, WBSEDCL shall not make any progress towards implementation of a project before obtaining prior approval of the Commission as per provisions of Tariff Regulations.
(ii) Original project cost is required to be approved in terms of Regulation 2.8.5 of the Tariff Regulations. Commission may disallow any excess of project cost on capitalization over approved cost if it finds the justifications furnished are not adequate.
(iii) WBSEDCL shall ensure proper metering arrangement in line with Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended from time to time.
(iv) In determination of tariff, the Commission will consider the loss as per prevailing Tariff Regulations.
(v) On completion of the project WBSEDCL shall submit the date of commercial operation (COD) and a cost benefit analysis of the project separately before the Commission.
(vi) In case of escalation in project cost, WBSEDCL shall take due approval from the Commission before capitalization of assets.
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