MERC Regulations 45अध्याय · Transmission

धारा 45 · Investment plan

- 45.1 The Transmission Licensee shall submit an investment plan with full details of his proposed capital expenditure projects to the Commission for approval either along with the application for determination of tariff or separately, at such time as may be directed by the Commission:Provided that the investment plan shall be an annual rolling plan and the period covered by the plan shall coincide with the period for which forecasts/estimates are being submitted as part of such application.

45.2

The investment plan shall be a least cost plan for undertaking investments on strengthening and augmentation of the intra-State transmission system of the Transmission Licensee.

45.3The investment plan shall cover all capital expenditure projects of a value exceeding Rs. Ten (10) crores and shall be in such form as may be stipulated by the Commission from time to time.

45.4The investment plan shall be accompanied by such information, particulars and documents as may be required showing the need for the proposed investments, alternatives considered, cost/benefit analysis and other aspects that may have a bearing on the transmission charges.

45.5The investment plan of the Transmission Licensee shall be consistent with the transmission system plan for the intra-State transmission system developed in accordance with the Transmission Open Access Regulations.

45.6The Commission shall review the investment plan submitted by the Transmission Licensee taking into consideration the prudence of the proposed expenditure and estimated impact on tariff and thereafter, shall either-

(a)give an in-principle approval to the investment plan submitted by the Transmission Licensee, with such modifications or conditions as the Commission deems appropriate; or

(b)reject the investment plan submitted by the Transmission Licensee and require the Transmission Licensee to submit a fresh investment plan taking into consideration such factors as the Commission may deem necessary.

45.7The Transmission Licensee shall submit, along with the application for determination of tariff or along with the application for annual performance review, as the case may be, details showing the progress of capital expenditure projects, together with such other information, particulars or documents as the Commission may require to assess such progress.

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