Uttar Haryana Bijli Vitran

Nigam

09 September 2022
Introduction

Annual turnover: Rs. 14,173 Cr

Consumer Base: 34.72 Lacs

Peak demand (Haryana) : 12,768 MW

Annual energy sold approx. 19,066 MUs

Manpower (Regular): 7509

Manpower (Outsourcing): 5085

Per Capita Consumption: 2167 kWh

2
1 Overview

3
UHBVN Profile

Service Area Consumer Service Network Strength

Area : 20,278 sq km Connected Load 14,603 MW 33 KV Substations 406 Nos

Tied up Capacity Capacity of 33 KV

Districts: 10 Nos 13,106 MW 8,198 MVA
(State level) Substations
Peak Demand
Towns: 58 Nos 12,768 MW 11 KV Feeders 6,147 Nos
(State level)
Units Sold Distribution
Villages : 3588 Nos 19066 MUs 3.22 Lakh
(FY 21-22) Transformers
Revenue
Consumers: 34.72 Lakh generation (FY Rs. 14,173 Cr. HT Lines 64,834 km
21-22)
Profit (FY 21-22) RS. 77.78 Cr. LT Lines 57,915 km

4
Consumer Profile

in Lakhs
Consumers (No.) Year UHBVN
35 33.09 33.22
31.87 FY16 27.27
30.58
30 29.34
27.27 28.12
FY17 28.12
25
FY18 29.34
20
FY19 30.58
15
FY20 31.87
10
FY21 33.09
5
FY 22 33.22
0
FY16 FY17 FY18 FY19 FY20 FY21 FY 22 CAGR (%) 3.34

5
Consumer Mix (as of July’22)
All numbers in Thousands

Consumers
Category
(in Thousands) Agriculture
P.W.W./ streetlight/ Lift irrigation
10%
Domestic 2688 LT (NonDomestic +
Industry)
12% Domestic
HT supply (Non-Domestic +Industry) 19 HT (Non-Domestic
HT (Non-Domestic
+Industry) +Industry)
LT supply (Non-Domestic +Industry) 415 1% LT (NonDomestic +
Industry)
Agriculture
Agriculture 338 Agro Ind. /FPO
Bulk Supply
Agro Ind. /FPO 0.5 P.W.W./ streetlight/ Lift ir-
rigation
Bulk Supply 0.4
Domestic
78%
Bulk Supply (Domestic) 0.09
P.W.W./ Streetlight/ Lift irrigation 12

Total 3472
6
 Load Profile

(in MW)
Connected Load (MW) Year UHBVN
16,000
14,344 FY16 10,549
14,000 13,695
13,059
12,350
12,000 11,097 11,614 FY17 11,097
10,549
10,000 FY18 11,614
8,000
FY19 12,350
6,000
FY20 13,059
4,000
2,000 FY21 13,695
0 FY 22 14,344
FY16 FY17 FY18 FY19 FY20 FY21 FY 22
CAGR(%) 5.26
Connected Load (MW)

7
 Energy Sales

(in MUs)
Sales (MU) Year UHBVN
25,000 FY16 13,460
20,000 19,066 FY17 13,960
17,621 17,560
15,444 15,842
13,960 FY18 15,444
15,000 13,460
FY19 15,842
10,000
FY20 17,621
5,000 FY21 17,560
FY 22 19,066
0
FY16 FY17 FY18 FY19 FY20 FY21 FY 22 CAGR(%) 5.97
Sales (MU)

8
Revenue Mix – Energy Charges Amount in Rs. Crore

Revenue
Category Share (%)
(in Rs. crores)

Domestic 2414.26 24%

HT supply 5354.97 53%
LT supply 1455.82 14%
Agriculture 88.63 1%
Agro Industries 2.17 0%
Bulk Supply 233.35 2%
Bulk Supply (Domestic) 52.87 1%
PWW 545.48 5%
Street-light 57.08 1%
Total 10151.75 100%

9
Financial Position - UHBVN

Year FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22

Status of
Finalized Finalized Finalized Finalized Provisional
Accounts
Turnover
13,932.35 14,484.90 13,855.65 12,572.50 14,173.24
(Rs Cr.)
Net Profit
278.23 185.71 217.72 397.07 77.77
(Rs Cr.)
Debt Burden
1,1273.14 7,587.05 3,544.44 3,341.61 4820.55
(Rs Cr.)

10
Energy sales and Revenue (FY 2021-22)

Category Energy Sales (in MUs) Revenue

(in Rs. crores)
Domestic 5869 2414.26
HT supply 6633 5354.97
LT supply 1991 1455.82
Agriculture 3528 88.63
Agro Industries 5 2.17
Bulk Supply 305 233.35
Bulk Supply (Domestic) 25 52.87
PWW 671 545.48
Street Light 64 57.08
Total 19066 10151.75

11
2 Power Availability

12
Contracted Capacity for Haryana – Source wise
Sr. Installed Capacity Allocated Share
Particulars
No. (MW) (%)
1* Hydro (Large) (MW) 2368.41 18.1%
2 Thermal-Coal (MW) 8242.84 62.9%
3 Nuclear (MW) 100.93 0.8%
4 Gas (MW) 569.1 4.3%
5 RES (MW) 1825.3 13.9%
a Solar 1150.2 8.8%
b Wind 470.53 3.6%
c Sugarmill 61 0.5%
d Biomass 70.37 0.5%
e Small Hydro** 73.2 0.6%
Total 13106.58 100.0%
*Large Hydro is above 25MW
** Small Hydro is less then 25MW 13
Contracted Capacity for Haryana – Plant wise

Capacity Allocated Capacity

Sr No Source
(MW) (%)
1 State Project 2582.4 19.7%
2 Share Projects (BBMB) 846.14 6.5%
3 CPSUs 2923.64 22.3%
4. a IPPs - Long term 6604.40 50.4%
4. b IPPs – Medium term 150.00 1.1%
Total 13106.58 100%

14
Demand & Availability Scenario for FY 2022-23
(Peak Demand)
Normative STP Arrangements
Projected Peak Availability (Banking,NEEPCO Outage due to Surplus (+)/
Actual Availability
Month Demand w/o Adani , , Unallocated, Maintenance Deficit (-)
(in MW)
(in MW) FGPP& CGPL Dadri-II, DEEP Schedule (in MW)
(in MW) Portal)
Sept' 22 (1st to 15th) 11899* 8376 1529 9905 -1994
Sept' 22 (16st to 30th) 11722 8376 1529 9905 -1817
Oct' 22 (1st to 15th) 9356 7367 791 8158 -1198
Oct' 22 (16th to 31th) 7919 7367 641 8008 89
Nov' 22 (1st to 15th) 6404 7358 78 7436 1032
Nov' 22 (16th to 30th) 6995 7358 78 -451.00 6985 -10
Dec' 22 (1st to 15th) 7546 7399 78 -451.00 7026 -520
Dec' 22 (16th to 31st) 8011 7399 78 0.00 7477 -535
Jan' 23 (1st to 15th) 7317 7399 78 0.00 7477 160
Jan' 23 (16th to 31st) 7932 7399 78 -196.00 7281 -652
Feb' 23 (1st to 20th) 8469 7535 78 -408.00 7205 -1264
Feb' 23 (21st to 28th) 7797 7535 78 -212.00 7401 -396
March' 23 (1st to 15th) 8104 7580 78 -717.50 6941 -1163
March' 23 (16th to 31st) 8037 7580 78 -717.50 6941 -1097
Note: Total tied up capacity in MW = 13106.58 MW. * Actual Peak demand felt from 1 st to 4th September is 11899MW against projected peak demand as 12163MW.
Remarks:
1. Peak Demand (in MW) for the forthcoming years has been computed on the basis of actual Peak demand (felt) from FY 2011-12 to 2021-22, considering max.
CAGR @ 5.77% as per 19th EPS Report of CEA.
2. Normative Availability has been computed from all sources except Adani, CGPL & FGPP.
3. Power from Baglihar HEP Stage-I (75 MW ) from (April to Oct.) and Baglihar HEP Stage-II (270 MW ) ffrom (May to Sept. ) w.e.f. from 23.08.2022 for the
next 10 years.
4. Power from RKM Powergen. expected to be commenced from September 2022.
5. Power from NEEPCO Hydro Power project (300 MW) commence w.e.f 02.09.2022. 15
Demand & Availability Scenario for FY 2022-23
(Mode of Peak Demand)
STP Arrangements
Normative
(Banking,
Projected Mode of Availability Outage due to Surplus (+)/
NEEPCO, Actual Availability
Month Peak Demand w/o Adani, FGPP & Maintenance Deficit (-)
Unallocated, (in MW)
(in MW) CGPL Schedule (in MW)
Dadri-II, DEEP
(in MW)
Portal)
Sept' 22 (1st to 15th) 11537* 8376 1529 0.00 9905 -1632
Sept' 22 (16st to 30th) 10429 8376 1529 0.00 9905 -524
Oct' 22 (1st to 15th) 8881 7367 791 0.00 8158 -723
Oct' 22 (16th to 30th) 6480 7367 641 0.00 8008 1528
Nov' 22 (1st to 15th) 6666 7358 78 0.00 7436 770
Nov' 22 (16st to 31st) 6666 7358 78 -451.00 6985 319
Dec' 22 (1st to 15th) 7391 7399 78 -451.00 7026 -366
Dec' 22 (16st to 31th) 7391 7399 78 0.00 7477 85
Jan' 23 (1st to 15th) 7475 7399 78 0.00 7477 2
Jan' 23 (16st to 31th) 7475 7399 78 -196.00 7281 -194
Feb' 23 (1st to 20th) 8026 7535 78 -408.00 7205 -820
Feb' 23 (21st to 28th) 8026 7535 78 -212.00 7401 -624
March' 23 (1st to 15th) 7316 7580 78 -717.50 6941 -376
March' 23 (16th to 31st) 7316 7580 78 -717.50 6941 -376
Note: Total tied up capacity in MW = 13106.58 MW. *Avg. Peak demand felt from 1 to 4 September is 11537MW against projected Mode of peak demand as
st th

11813MW.
Remarks:
1. Mode of Peak Demand (in MW) for the forthcoming years has been computed on the basis of actual Peak demand (felt) from FY 2011-12 to 2021-22, considering max. CAGR @
5.77% as per 19th EPS Report of CEA.
2. Normative Availability has been computed from all sources except Adani, CGPL & FGPP.
3. Power from Baglihar HEP Stage-I (75 MW ) from (April to Oct.) and Baglihar HEP Stage-II (270 MW ) ffrom (May to Sept. ) w.e.f. from 23.08.2022 for the next 10 years.
4. Power from RKM Powergen. expected to be commenced from September 2022.
5. Power from NEEPCO Hydro Power project (300 MW) commence w.e.f 02.09.2022. 16
3 Improvement Schemes

17
Mhara Gaon Jagmag Gaon (MGJG) Scheme

Total Villages in UHBVN: 3588

As on Date Villages (24x7 Supply)

FY 2017 703
FY 2018 971
FY 2019 1131
FY 2020 2509
FY 2021 2998
FY 2022 3213
20th August, 2022 3252

18
UDAY Scheme

• Launched in March 2016

• Debt was Rs. 34,600 Cr

• Rs. 25,950 Cr taken over by State Govt. and converted into grant/equity

• AT&C Losses reduced from 33.88% (FY 2016 base year) to 12.70% (FY 2021-22)

• ACS-ARR gap reduced from Rs. 0.10/kWh (FY 2016-17) to Rs -0.03/kWh (FY 2021-22)

• UHBVN became profitable since FY 2017-18

19
Reduction in losses

Particulars FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22

Distribution Losses 31.49% 29.86% 24.81% 22.04% 19.01% 17.20% 13.96%

Collection efficiency 96.52% 98.71% 98.91% 100.20% 99.26% 100.79% 101.46%

AT&C Losses 33.88% 30.76% 25.62% 21.88% 19.61% 16.55% 12.70%

20
Feeder losses

No. of Urban feeders -849

As on As on As on As on As on Up to Up to
Loss level
Mar’18 Mar’19 Mar’20 Mar’21 Mar’22 July- 21 July-22

Up to 25% 609 658 696 731 814 740 782

Above 25% 74 68 42 27 24 98 67

No. of RDS feeders-1079

As on As on As on As on As on Up to Up to
Loss level Mar’22 July- 21 July-22
Mar’18 Mar’19 Mar’20 Mar’21
Up to 50% 178 321 508 731 881 793 812
From 50 to
384 358 301 204 138 173 194
75%
Above 75% 320 254 162 74 40 93 73
21
Theft detection progress
Penalty imposed Penalty Recovered
Year Thefts detected
(Rs. Cr.) (Rs. Cr.)
FY 2015-16 20,234 78.60 45.39
FY 2016-17 34,564 102.86 52.64
FY 2017-18 40,322 142.37 67.52
FY 2018-19 22,746 76.31 34.02
FY 2019-20 19.025 56.51 38.90
FY 2020-21 24733 82.05 45.87
FY 2021-22
27438 90.86 43.93
FY 2022-23 10306 33.01 23.51
(Up to July-2022)

22
Improvement in HT:LT ratio

HT:LT rAtio

1.12
1.11
1.09
1.06 1.06 1.06 1.06 1.06
1.04
1.02 1.02

0.99

2 0 1 1 -1 2 2 0 1 2 -1 3 2 0 1 3 -1 4 2 0 1 4 -1 5 2 0 1 5 -1 6 2 0 1 6 -1 7 2 0 1 7 -1 8 2 0 1 8 -1 9 2 0 1 9 -2 0 2 0 2 0 -2 1 2 0 2 1 -2 2 2 0 2 2 -2 3 *

*Note: Up to July 2022

UHBVN
23
About RDSS Project
 Ministry of Power (MoP), Government of India had launched “Revamped Distribution Sector
Scheme” (RDSS) on 25.07.2021 with the following objectives:
 Improving the quality and reliability of power supply to consumers
 To provide affordable power through a financially sustainable and operationally efficient
distribution sector
 To reduce the AT&C Losses to pan-India levels of 12-15% and
 To reduce the ACS-ARR gap to zero by 2024-25.
 The total outlay of the Scheme is Rs. 3,03,758 Cr. and estimated grant component is Rs. 97,631 Cr.
 The Power Finance Corporation (PFC) is the Nodal Agency for implementation of RDS Scheme in the
state of Haryana.

24
 Scheme Components
 Part A Component 1: (Metering) :- Government Budgetary Support (GBS)-15% & limited to Rs. 900 per
meter for Consumer Metering)

 Installation of Smart Meters on all consumers (except Agri.) on pre-paid mode, DTs (except Agri.) and feeder meters
on TOTEX mode.
 Part A Component 2: (Distribution Infra. Works) GBS-60%
a. Loss Reduction works
 Armored Cables, Bifurcation of Feeders, Replacement of old / frayed Conductors and IT/OT Implementation
Works
b. Modernization Works
 Creation / Capacity enhancement of 33/11 KV S/Stns
 Basic SCADA / SCADA DMS Implementation in urban areas
 Additional HT lines to improve quality of supply
 Part A Component 3: Project Management to be carried out by appointing one or more independent
Project Management Agencies (2.5% on GBS for Metering Works and 1.5% on Project Cost of
Distribution Infra Works)
 Part B : Training & Capacity Building and other Enabling & Support Activities
 Discoms have to formulate the Action Plan and DPRs as per the scheme guidelines.
 DPRs are to be approved by DRC, whereas, Action Plan is to be approved by State Cabinet on recommendations of DRC for
getting final approval from Monitoring Committee, MoP, GoI. 25
Cost of Works sanctioned under the Scheme (UHBVN)

GBS*
Sr. PMA GBS for PMA
Particulars Total Project Cost (Govt. Budgetary charges
No. Charges**
Support)

1 Smart 2125.77 318.87 7.97 4.78

Metering Works

2 Infrastructure Works 1527.54 916.52 22.91 13.75

– Loss Reduction

Total 3653.31 1235.39 30.88 18.53

*Excluding incentives in case of Smart Metering works of Phase-I.

** 2.5% of GBS for Smart Metering (excluding incentive) and 1.5% of total project cost

Note: 5% advance i.e. Amount of Rs. 45.83 Cr. has been assigned to UHBVN

Project Management Agency (PMA) Tender has been opened and it is under process of award.

26
Large Scale AMI (Pre-paid Smart Metering) implementation
under RDSS Scheme
• Action Plan/DPR of UHBVN sanctioned on 10.06.2022 by MoP/GoI
• Smart metering works include 27.6 Lakh smart consumer meters on pre-paid mode alongwith smart system
metering on Feeders (6600 no.) & DTs (67000 no.)
• The timelines for completion are:
• Feeder Metering: Dec, 2022
• DT Metering- Dec, 2023
• Consumer Metering – Dec, 2025
• RFP for complete scope of smart meters is under approval
• The project financial component are:
Additional incentive
Component Approved Project Cost GoI Grant (for Phase-I if completed by
Dec’2023)
Smart metering works 2125.77 318.87 67.50
PMA Grant 7.97 4.78 NA
Total 2133.74 323.65 67.50

27
PM-Kusum
• Component A –Setting up decentralized Grid connected Plant
• Sanction capacity: 30 MW
• Tariff: Rs. 3.11/KWH
• Work Awarded: LOA issued to 5 No. applicants for total 6 MW capacity in FY 2019-20, however PPA signed by
only one applicant for 2 MW due to Financing difficulties faced by applicants.
• Completion date of works - 31.12.2022
• EOI for 28 MW opened in June 2022 wherein 2 No. applicants for total 1.6 MW participated.

• Component B is undertaken by HAREDA- Stand alone solar Agriculture Pumps

• Component C –Solarization of Grid connected Agriculture Pumps

• Feeder level solarization of 32,620 Pumps sanctioned by MNRE
• Will be implemented under RESCO model
• 50 Nos. Agriculture feeders identified to invite tariff from bidders.

28
4 Capital Expenditure

29
Annual Capital Expenditure for Past Years

FY 2020-21 FY 2021-22 FY 2022-23

(Rs. In Cr.) (Rs. In Cr.) (Rs. In Cr.)

Approved 980 950 970

Achieved 875.30 947.37 218.04 (up to June’22)

Nigam will achieve the approved Capital Expenditure in the current year

30
 STATUS OF 33 KV WORKS

Progress during
Progress during
Sr. Progress during FY 2022-23 upto
Category FY 2021-22
No. FY 2020-21 August,2022

New Sub-stations
I 11 32 10
Commissioned (No.)
Sub-stations augmented
II 48 9 8
(No.)
MVA capacity added
III 545.7 600.5 207.5
(33 kV New & Aug.)
Length of 33 kV lines added
IV 109.95 183.75 79.4
(km)

Work on 12 No. New 33 KV S/Stns. are under progress and 37 No. augmentation of existing 33 KV S/Stns. are
under progress and likely to be completed in this Financial Year.

31
IT enablement of complete subdivisions (For Centralized
single billing system)
1. 65 no. Subdivisions were IT enabled under RAPDRP/IPDS scheme funded by
MoP/GoI

2. UHBVN in March’22 aimed at roll out of balance 66 no. subdivisions on

centralized billing system. As on date, only 16 no. subdivisions(with 22 no.
subdivisions having residual consumers) are left for migration.

3. The work is in progress for remaining subdivisions is likely to be completed by

October’22

32
Ongoing 1 million Smart Metering Project by EESL
• Being Implemented by EESL on BOOT Model (MoU signed on 11 th July, 2018
• Project Life Cycle is of 8 years (3 years of project phase followed by 5 years of O&M)
• EESL shall be paid annuity of Rs. 102.64 (inc. taxes) per meter per month
• Project execution has been delayed due to multiple reasons viz. inadequate supply of three phase meters etc. -
Revised target completion date is Dec 2023

• Physical Progress as on 31.08.2022 is as under:-

Smart Meters Installed
Total consumers (in
Discom Town
Lakh) Single Phase Three Phase Total
Karnal 106052 18900 124952
2
Gharaunda 11542 0 11542
Panchkula 39981 27810 67791
UHBVN Kalka 1.5 3602 30 3632
Pinjore 1161 24 1185
Panipat 1.5 80831 12860 93691
Sub-Total 5 243169 59624 302793
Gurugram 3 121714 82237 203951
DHBVN
Faridabad 2 Not yet Started
Grand Total 10 364883 141861 506744
33
 Consumer centric
5 Initiatives

34
 Antyodaya Saral Score
19 services on Saral

As on 10.08.2018 As on 01.02.2019 As on 25.01.2021 As on 05.09.2022

Saral
5.1 8.2 8.9 9.9
Score
Major Services Performance as on date
% delivered within RTS timeline RTS Score
New Electricity connection –LT 99.8% 10
Enhancement of Load - LT 99.8% 10
New Electricity connection - 11KV 98.0% 9.8
Enhancement of Load - 11 KV 99.1% 9.9
Reduction of Electricity Load 96.1% 9.6
Transfer of Title & Conversion of Services 98.7% 9.9
Billing Complaints 97.8% 9.8
Meter Complaint – Inspect & Check correctness 96.7% 9.7

Source: saralharyana.org.in managed by Department of Electronics & Information Technology, Government of Haryana
35
Reduction in service delivery time
Average time of delivery (days)
Description of Consumer
services Category FY 2018-19 FY 2021-22 FY 2022-23 (As
on 31.08.2022)
LT supply 30 19 19
New Connection
HT supply 66 53 43

LT supply 33 12 9
Extension of load
HT supply 82 50 36

LT supply 23 7 4
Reduction of load
HT supply 33 12 8

LT supply 23 5 3
Change of Name
HT supply 27 8 5
36
Consumer Satisfaction Rate for New Connections

FY 2022-23
FY 2018 - 19 FY 2021-22
(As on 05.09.2022)

DISCOM
Feedback Satisfaction Feedback Satisfaction Feedback Satisfaction
Satisfied Satisfied Satisfied
Taken Rate Taken Rate Taken Rate

UHBVN 10,626 9,411 89% 17070 16327 96% 15536 15058 96.92%

37
Parivar Pehchan Patra (Family Id) Progress

Mapped through backend: 694687

Total Number of Consumers to be surveyed: 2114997

Consumer Mapped by field surveyors: 1261056

Consumers pending to be surveyed : 853941

• For new individual connections, PPP verification before filling of form

• Where PPP is not available, Aadhar demo authentication is started from
05.09.2022

38
Annual Integrated Rating of UHBVN

Rating Marks Rank Category

5th Annual Integrated Rating (FY 2015-16) 44.10 24 B
6th Annual Integrated Rating (FY 2016-17) 62.29 10 B+
7th Annual Integrated Rating (FY 2017-18) 65.50 16 A
8th Annual Integrated Rating (FY 2018-19) 76.20 - A
9th Annual Integrated Rating (FY 2019-20) 77.47 6 A
10th Annual Integrated Rating (FY 2020-21) 74.70 14 A

Change in Methodology for 10th Rating

39
6 Key Challenges

40
Key Challenges

• Release of due Subsidy from Finance Department

Particulars Amount in Rs.
Crores
RE Subsidy approved by HERC for FY23 6050.07
Budget of RE Subsidy provided by the State Govt. 5500.00
RE Subsidy due up to Sep 2022 3025.04
RE Susbidy released by the State Govt. as on date 775.00

• Proposed levy of accrued FSA amount @ 0.49/kWh on Non-AP consumers

• Regular recruitment of manpower

41
Fuel Surcharge Adjustment

The FSA of Rs. 0.49 per unit is required to be levied on Non-AP

consumers as per details below:
Details
FSA recoverable in 2nd Qtr of FY2022-23 1431.66 Cr.
True-up of FSA of FY 2021-22 -906.92 Cr.
Net FSA to be recovered 524.74 Cr.
Non-Agriculture sales estimated in next Qtr. 10,805 MU

FSA to be levied in Q2 of FY 2022-23 on Non-AP

Rs. 0.49 /kWh
consumers

42
Defaulting Amount (ending July-22)
• Defaulting Amount of Private Consumers is Rs. 2159.7 Crores

• Defaulting Amount of Govt. Consumers is Rs. 188.4 Crores

• Total Defaulting Amount is Rs. 2348 Crores

• Surcharge waiver scheme has been launched on 31.08.2022

43
Thank you
 Methodology – 9th & 10th Integrated Rating
FY 2020-21 FY 2019-20
Particulars Score Assigned Max. Score Particulars Score Max. Score
Assigned
Financial Sustainability 56.7 75 1. Operational & Reform Parameters 26.13 43
ACS-ARR Gap 35 35 Operational related
Days Receivable 3 3 AT&C Losses 16 28,-4
Days Payable to GenCos and TransCos 8 10 Power purchase 1.35 3
Adjusted Quick Ratio 0 10 Cost Efficiency 4 6
Debt Service Ratio 3.7 10
Leverage Debt / EBITDA 7 7 Reform related
Performance Excellence 7.75 13 Corporate Governance 4 4
Distribution Loss (SERC approved) 2 2 RPO Compliance 0.78 2
Billing Efficiency 0 5 2. External Parameters 15 15
Collection Efficiency 5 5 Regulatory 11 11, -19
Control & Compliance 0.75 1 Govt. Support 4 4
External Environment 11.25 12 3. Financial Parameters 36.34 42
Subsidy Realized (last 3 FYs) 4 4 Ratios
Loss Takeover by State Govt. 3 3 Cost Coverage Ratio 15 15
Government Dues (last 3 FYs) 2.25 3 Interest Coverage Ratio 3 4
Tariff Cycle Timelines 1 1 Total Debt to Net Worth (D/E Ratio) 0 3
Auto pass through of fuel costs 1 1 Sustainability 5.34 6
Total 75.7 100 Receivables 5 5
Specific Disincentives Payables 4 4
Audit Qualifications -1 0, -4 Audited Accounts 5 5, -12
Net score assigned 74.7 Audit Qualifications -1 0, -1
Default to Banks / FIs - 0, -2
Total 77.46 100

45
 10th Integrated Rating – Key Changes
1. Adjusted Quick Ratio:- This ratio has been introduced in the 10th Rating. Adjusted Quick Ratio is
calculated by dividing Adjusted Quick Assets by Current Liabilities. Current Liabilities of the Nigam are
Normative and cash surplus are limited. As such, benchmark of 1:1 is difficult to meet with
2. Billing Efficiency:- This ratio has been changed as in the 9th Rating full marks were awarded for billing
efficiency of 90%. However, for continuous improvement in billing efficiency, proportionate marks are
awarded out of total marks i.e. 8 marks. Whereas, in the 10 th Integrated Rating, full marks i.e. 5 marks are
awarded for weighted billing efficiency of 92% and proportionate marks out of total marks of 4 are
awarded for weighted billing efficiency in between 82% to 92% and for improvement of 5% in the billing
efficiency, Nigam can score maximum one marks.
3. Debt Service Coverage Ratio (DSCR):- This is also the new ratio introduced in the 10 th Integrated
Rating. DSCR is calculated by dividing EBITDA (Earning Before Interest, Tax, Depreciation and
Amortization) by Debt Service (Interest and Principal). Nigam has exercised the call option of HVPNL
bonds (9.83%) and refinanced the debt of Rs. 541 crore @ 8% in the FY 2020-21 due to which debt service
of FY 2020-21 increased and ratio has been adversely affected. As such, Nigam has score only 3.7 marks
out of total 10 marks. However, this ratio will improve from FY 2021-22.
4. If 9th Rating Methodology would have continued in the 10 th Rating exercise, Nigam would have received
81.22 marks and grading would also been improved from A to A+

46
IPP (Independent power producers)- Plant-wise Capacity
Breakup..(1/2)
Installed
Haryana
Sr No Name/ Location of Generating Statio Capacity Type of Unit Location of Plant
Share (MW)
(MW)
1 Adani case 1 bidding (IPP) Gujarat 1980 1424 Thermal Gujarat
Mahatma Gandhi Super Thermal Power Station (MGSTPS), Jhajjar
2 1320 1188 Thermal Haryana
(Case-2) (CLP)
3 Sasan Power Ltd.of Reliance in Madhya Pradesh 3960 445.5 Thermal Madhya Pradesh
4 Mundra UMPP (Gujarat) (CGPL) 4000 380 Thermal Gujarat
5 PTC/ GMR Kamalanga 1050 300 Thermal Orissa
6 Amarkantak (IPP) through PTC (Chhattisgarh) 600 285 Thermal Chhattisgarh
7 PTC /Karchamwangtoo 1000 376 Hydro Himachal Pradesh
8 Solar Power through SECI 80 80 Solar Outside Haryana
9 Baglihar (PTC J&K) 275 50 Hydro Jammu & Kashmir
Solar Power through SECI under 2000MW ISTS Wind Projects from
10 2000 100 Solar Rajasthan
SECI
11 Baglihar HEP Stage-I ( J&K) 175 100 Hydro Jammu & Kashmir
12 Sugar Mills (6 No) 84 61 Renewable Haryana
13 Solar Power Projects 12.8 12.8 Solar Haryana
14 Starwire Biomass Power project 9.9 9.9 Biomass Haryana
15 Sri-Jyoti 9.5 9.5 Renewable Haryana
16 Gemco Bio Mass Power Project 8 8 Biomass Haryana
17 M/s Mor Bio Energy Pvt. Ltd. Jind (Biogas) 1.2 1.2 Biomass Haryana
18 Bhoruka HEP Yamunanagar 6 6 Hydro Haryana
19 A B Grains 8.93 5 Renewable Haryana
20 Puri Oil Mills, MHEP, Karnal 2.8 2.8 Hydro Haryana
21 P&R Gogripur Small Hydro Karnal 2 2 Hydro Haryana
22 JBM Solar 20 20 Solar Haryana
47
IPP (Independent power producers)- Plant-wise Capacity
Breakup..(2/2)
Installed
Haryana
Sr No Name/ Location of Generating Statio Capacity Type of Unit Location of Plant
Share (MW)
(MW)
23 Utrecht Solar Pvt Ltd 1 1 Solar Haryana
24 SubhashInfra EngineersPvt. Ltd. 1 1 Solar Haryana

25 Balarch Solar 1 1 Solar Haryana

26 Wind Power from 2nd phase of 1000 MW ISTS Wind Projects 1000 130 Wind Gujarat
27 Chuzachain HEP Sikkim 110 110 Hydro Sikkim
Wind Power from 3rd phase of 2000 MW ISTS Wind Projects from
28 2000 262.5 Wind Gujarat
SECI
29 Amplus Sun Solution Pvt Ltd. 50 50 Solar Haryana
30 LR ENERGY 20 20 Solar Haryana
31 WASTER TO ENERGY(JBM Ltd.) 8 6.77 Biomass Haryana
32 Hybrid Power SECI(Solar) 330 312.15 Solar Rajasthan
33 Hybrid Power SECI(Wind) 110 78.03 Wind Tamil Nadu
34 Avaada Green HN Project Pvt. Ltd 50 50 Solar Haryana
Solar Power through competitive bidding by HPPC (Total 241 MW:
35 241 240 Solar Rajasthan
240 + 1 MW) Avaada RJHN
36 M/s Sukhbir Agro Energy Ltd 15 15 Biomass Haryana
37 M/s The Hind Samachanr Ltd 15 15 Biomass Haryana
38 ISTS Solar T-IV 1200 MW Scheme (SECI) Mega Surya Urja 1200 250 Solar Rajasthan
39 Medium Term MB Power 150 150 Thermal Madhya Pradesh
40 PM Kusum 2.25 2.25 Solar Haryana
41 Jorethang HEP, Sikkim 96 96 Hydro Sikkim
42 Tashiding HEP, Sikkim 97 97 Hydro Sikkim
Sub Total (D) 22102.38 6754.4 48