Original Project Cost definition

Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;
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Original Project Cost means the actual expenditure incurred by the generating company, as per the original scope of project up to first financial year closing after one year of the date of commercial operation of the last unit as admitted by the Commission for determination of tariff;
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Original Project Cost means the actual expenditure incurred by the transmission licensee, as per the original scope of the project up to the cut-off date as admitted by the Commission;
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Examples of Original Project Cost in a sentence

  • Any decapitalization made in UIHEP is deducted from the Original Approved Cost and Equity is calculated @25% on balance Original Project Cost after deduction of decapitalization.

  • However for further additional capitalization over Original Project Cost by OHPC, the equity base of 30% has been considered as per the provision in clause No. 16 of OERC (Terms and conditions for determination of Generation Tariff) Regulations, 2020.

  • Any expenditure actually incurred or projected to be incurred as admitted by the Commission after prudent check based on the estimates of Renovation and Modernization expenditure and life extension, and after writing off the original amount of the replaced assets and deducting the accumulated depreciation already recovered from the Original Project Cost, shall form the basis for determination of Tariff.

  • The following table gives the breakdown of the total project cost by project components: Table 1: Summary of Original Project Cost Estimates (US$ '000) ForeignLocalTotal A.

  • Table 4.1: Original Project Cost Components and the Revised Cost Components in UA million Note: All contracts in the original project are signed and implementation progressed between 38 % and 60% as of 31st January 2017Table 4.2: Original Projects Costs by Category of Expenditure and the Revised Costs in UA Note: supply of MV & LV comprised both the material supplied from part of uncommitted project resources and that supplied with the additional loan of UA 2.22million.


More Definitions of Original Project Cost

Original Project Cost means the actual expenditure incurred by the transmission licensee, as per the original scope of project upto first financial year closing after one year from the date of commercial operation of the last element, as admitted by the Commission, for the purpose of tariff. In the case of existing stations of bundled / integrated utilities, it will mean the asset value as specified in the opening balance sheet of the successor entity.
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Original Project Cost means the actual expenditure incurred by the generating company within the original scope of the project up to the cut off date as admitted by the Commission;
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Original Project Cost means the capital expenditure incurred by the generating business/company or the transmission business/licensee or distribution business / licensee or State Load Despatch Centre as the case may be, within the original scope of the project up to the cut-off date as approved by the Commission;
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Original Project Cost means the actual expenditure incurred by the project developer, as per the original scope of project up to the ‘cut off date’ of the last unit as admitted by the Commission for determination of tariff;
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Original Project Cost means the capital expenditure incurred by the generating
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Original Project Cost means the capital expenditure incurred by the Generating Company or the Licensees or SLDC, as the case may be, within the original scope of the project up to
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Original Project Cost means the capital expenditure incurred by the generatingcompany or the transmission licensee, as the case may be, within the original scope of theproject up to the cut-off date as admitted by the Commission;” 14. The petitioner has deducted excess initial spares of ₹26.63 lakh and ₹77.44 lakh for Asset-I and Asset-II, respectively, from the capital cost of Asset-I & II as on COD. The petitioner has not claimed any initial spares for transmission line. Further, it is observed that the petitioner has considered the capital cost including additional capitalization beyond the cut-off date for computation of allowable initial spares, which is not in accordance with the above regulation. We have considered capital cost as on cut-off date for computation of allowable initial spares. The excess initial spares worked out for sub-station as per above regulation is shown in the table below:-(₹ in lakh)Description 15. Accordingly, the capital cost has been considered excluding excess initial spares of ₹36.24 lakh and ₹81.71 lakh as on COD for Asset I and Asset II respectively for truing of tariff. The initial spares approved and allowed are as under:-(₹ in lakh)Asset ICapital cost uptocut-off dateCost of the initial spares for sub-stationAllowedDisallowedApproved in order dated 19.1.20124789.98118.9133.53Claimed by the petitioner4789.98118.9133.53Allowed in this order4684.13116.2036.24 (₹ in lakh)Asset IICapital cost uptocut-off dateCost of the initial spares for sub-stationAllowedDisallowedApproved in order dated 19.1.20122883.4898.2177.40Claimed by the petitioner2881.93*98.1677.44Allowed in this order2764.2993.8981.71*Petitioner has considered capital cost beyond cut-off date Additional Capital Expenditure 16. The petitioner has claimed additional capitalization under Regulation 9(1)(i) of the 2009 Tariff Regulations. 17. Clause (1)(i) of Regulation 9 of the 2009 Tariff Regulations provides that:-
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