KERALA STATE ELECTRICITY BOARD LIMITED (Registered Office: Vydyuthi Bhavanam, Pattom, Thiruvananthapuram, 695 004) CIN : U40100KL2011SGC027424 Web Site : www.kseb.in BUDGET ESTIMATES 2016-2017 AND SUPPLEMENTARY FINANCIAL STATEMENT FOR 2015-2016 CONTENTS Sl.No. Particulars Pages 1 Introduction 1-3 2 Abstract of Budget Estimates 4-5 3 Scheme wise investment programme for the year 2015-16 6-10 4 Scheme wise investment programme for the year 2016-17 11-14 5 Repairs and Maintenance - (Budget Estimate) for 2015-16 15-22 6 Repairs and Maintenance - (Revised Estimate) for 2015-16 23-30 7 Repairs and Maintenance - (Budget Estimate) for 2016-17 31-38 8 Employee Cost - Capital Account (Budget Estimate) for 2015-16 39-40 9 Employee Cost - Capital Account (Revised Estimate) for 2015-16 41-42 10 Employee Cost - Capital Account (Budget Estimate) for 2016-17 43-44 11 Employee Cost - Revenue Account (Budget Estimate) for 2015-16 45-50 12 Employee Cost - Revenue Account (Revised Estimate) for 2015-16 51-56 13 Employee Cost - Revenue Account (Budget Estimate) for 2016-17 57-63 14 Administration & General Expenses (Budget Estimate) for 2015-16 64-71 15 Administration and General Expenses (Revised Estimate) for 2015-16 72-79 16 Administration & General Expenses (Budget Estimate) for 2016-17 80-87 17 Abstract of Employee cost,Administration & General Expenses 88-92 Scheme wise distribution of Plan Expenditure 18 93-97 ( Budget Estimate)for 2015-16 Scheme wise distribution of Plan Expenditure 19 98-101 (Revised Estimate) for 2015-16 Scheme wise distribution of Plan Expenditure 20 102-105 ( Budget Estimate) for 2016-17 Sl.No. Particulars Pages 21 Capital Outlay - Generation Schemes (a) On Going Schemes 106-111 (b) New Schemes 112-120 ( c) Completed Schemes 121-128 (d) Thermal 129-130 (e) Renovation and Modernisation of Hydro Stations 131-132 22 Construction of Administrative Complexes and Other Buildings 133-135 23 Mechanical Fabrication Works 136 24 Research and Development (C ) 137-138 25 Research & Development (E) 139 26 Institutional Development Programme (E) 27 Survey,Investigation&Enviornment Studies,Solar / Wind Power Project 140 28 Distribution - Schemewise Abstract 141 Capital Works - Distribution Schemes - Division-wise breakup of funds provided 29 142-145 (Revised Estimate) for 2015-16 Capital Works - Distribution Schemes - Division-wise breakup of funds provided 30 146-149 (Budget Estimate) for 2016-17 31 Abstract of Capital Expenditure - Transmission Schemes 150 32 Renovation and Modernisation 151 33 Circlewise Split up Capital Expenditure 152-155 34 Capital Budget Transmission Scheme- Circle wise (a) Transmission South 156-232 (b) Transmission North 233-282 ********* INTRODUCTION Kerala State Electricity Board (KSEB), was a statutory body constituted on 01-04-1957 under Section 5 of the Electricity Supply (Act), 1948 for the co-ordinated development of Generation, Transmission and Distribution of electricity in the State of Kerala. As per the provisions of the Electricity Act-2003, KSEB continued as a State Transmission Utility (STU) and Distribution Licensee till 24.09.2008, performing the same functions of Generation, Transmission and Distribution of electricity within the State of Kerala. In exercise of powers conferred under sub-sections (1),(2),(5),(6) and (7) of section 131 and Section 133 of the Electricity Act 2003, State Government vide notification G.O(MS) 37/2008/PD dated 25.09.2008 has vested all functions, properties, interests, rights, obligations and liabilities of KSEB with the State Government till it is re-vested in a corporate entity. Accordingly and also in line with Section 131(2) of Electricity Act, 2003 the Kerala State Government vide notification G.O (P)No.46/2013/PD dated 31 st October 2013 has notified the Kerala Electricity Second Transfer Scheme (Re-vesting) 2013 where in the assets, liabilities, rights and obligations of KSEB which was already vested in to the State Government by first transfer scheme dated 25 th September 2008 were re-vested to new successor entity ie. Kerala State Electricity Board Limited (KSEBL).As per the Government notification, KSEBL shall be responsible for all its functions in the same manner as erstwhile Board were liable. The Budget Estimate of KSEB Ltd are being finalised based on Aggregate Revenue Requirement furnished to the Kerala State Electricity Regulatory Commission. Since ARR is not finalised till April 2016, Revised Budget Estimate of 2015-16 and Budget Estimate of 2016-17 based on ARR could not be submitted for approval. However the budget provision is required for incurring expenditure and controlling expenditure. Hence field offices are insisting to furnish the Revised Estimate and Budget Estimate of the ensuing year. Moreover budgetary control is required for monitoring and controlling various capital as well as revenue expenditure. 1 Considering the urgency of providing budget provision to the field office a provisional Revised Estimate for 2015-16 and Budget Estimate for 2016-17 along with detailed ARU wise allocation has been submitted before the Board for approval. The capital budget is prepared based on approved plan outlay of the Company for the Financial Year 2015-16 and 2016-17. The Revenue Budget is prepared based on the request from ARUs, past actual figures and past trends. The summary of the Budget Estimates for 2016-17 and Revised Budget Estimate 2015-16 is given below: REVENUE ACCOUNT (``` in Crore) Sl. Particulars 2014-15 2015-16 2015-16 2016-17 No. I ENERGY Actuals Budget Revised Budget Estimate Estimate Estimate 1 Sale of Energy (MU) 18795.43 19675.53 20106.00 22641.00 II REVENUE RECEIPTS a Sale of Power 10116.25 10340.84 10800.00 11523.00 b Revenue subsidies/Grants 0.00 0.00 0.00 0.00 c Non Tariff Income 296.61 425.05 400.00 510.00 Total Revenue 10412.86 10765.89 11200.00 12033.00 III REVENUE EXPENDITURE a Purchase of power 6683.62 6300.00 7354.00 b Generation of power 209.91 208.05 200.00 240.00 c Repairs & Maintenance 244.44 283.41 266.31 293.18 d Employee Cost 2720.84 2228.26 2918.86 2335.12 e Admn. & Gen. Exp. (Excluding 169.76 185.14 189.74 197.33 see 3 (1) Duty) f Depreciation 459.70 595.51 477.00 501.00 g Pension and related 0.00 814.44 247.00 1165.88 expensed through Master Trust h Other expenses including 244.90 229.19 164.26 178.67 prior period charges & Sec. 3 (1) Duty i Interest & Finance cost 853.46 568.09 843.04 461.00 j Total Expenditure 11685.77 11795.71 11606.21 12726.18 IV Net Profit (+)/Loss (-) -1272.90 -1029.82 -406.21 -693.18 2 OTHER HIGHLIGHTS 2014-15 (A) 2015-16 (BE) 2015-16 (RE) 2016-17 (BE) Capital Expenditure 1168.13 1353.00 1205.00 1380.00 Borrowings 3510.91 3150.00 3000.00 2188.75 Repayment of loans 2769.04 2656.720 3370.60 703.75 Net Profit (+)/Loss (-) -1272.90 -1029.82 -406.21 -693.18 The Capital outlay for various schemes is as follows: 2014-15 2015-16 2015-16 2016-17 Item (Actuals) (Budget (Revised (Budget Estimate) Estimate) Estimate GENERATION 293.87 385.65 383.30 390.00 TRANSMISSION 224.15 240.00 185.00 260.00 DISTRIBUTION 650.11 710.00 615.00 705.00 OTHERS 0.00 17.35 21.70 25.00 TOTAL CAPITAL 1168.13 1353.00 1205.00 1380.00 EXPENDITURE The Budget Estimates for 2016-17 and Revised Budget Estimates for 2015-16 and circular regarding budgetary control of expenditure has been approved in the Board meeting dated 17/5/2016. Thiruvanathapuram 17-5-2016 Sd/- DIRECTOR(FINANCE) 3 ABSTRACT OF REVENUE ACCOUNT AND WORKING RESULTS(PROV) FOR THE YEARS 2015-16 AND 2016-17 (``` in Lakh) Sl. Accounts Budget Revised Budget No. 2014-15 Estimate Estimate Estimate Particulars (Provl.) 2015-16 2015-16 2016-17 1 2 4 5 6 7 Sale of energy (Million 1. 18795.43 19675.53 20106.00 22641.00 Units) 2. Revenue Receipts a) Sale of power 1011625.98 1034084.00 1080000.00 1152300.00 b) Other Income 29661.07 42505.00 40000.00 51000.00 Total of (2) 1041287.05 1076589.00 1120000.00 1203300.00 3. Expenditure a) Purchase Of Power 678276.09 668362.00 630000.00 735400.00 b) Generation of power 20991.20 20825.00 20000.00 24000.00 c) Repairs & maintenance 24443.94 28341.00 26631.00 29318.00 d) Employee cost 272084.04 222826.00 291886.00 233512.00 e) Pension and related expenses 0.00 0.00 24700.00 116588.00 through Master Trust f) Administration & General expenses excluding 16976.06 18514.00 18974.00 19733.00 sec.3(i)duty g) Depreciation 45969.87 59551.00 47700.00 50100.00 h) Interest and finance cost 85346.20 102701.00 84304.00 46100.00 i) Other expenses including prior period charges and 24489.85 58451.00 16426.00 17867.00 and Section 3 (1) duty Total of (3) 1168577.25 1179571.00 1160621.00 1272618.00 4 Net Profit(+)/Loss(-)( 2 - 3 ) -127290.20 -102982.00 -40621.00 -69318.00 5 Net Internal Resources a) Net Profit(+)/Loss(-)( 4) -127290.20 -102982.00 -40621.00 -69318.00 b) Depreciation 45969.87 59551.00 47700.00 50100.00 c) Repayment of loan 276904.00 265672.00 337060.00 70375.00 Net Internal -358224.33 -309103.00 -329981.00 -89593.00 Resources5(a)+(b)-( c) 4 ABSTRACT OF CAPITAL RECEIPTS & EXPENDITURE(PROVISIONAL) (``` in Lakh) Sl. Accounts Budget Revised Budget No. Particulars (Provl.) Estimate Estimate Estimate 2014-15 2015-2016 2015-2016 2016-17 1 2 3 4 6 7 I RECEIPTS Assistance fom GOI/GOK sponsered schemes vizDDUGJY, 1 PSDF,IPDS,DRIP etc and loan from 351091.00 315000.00 300000.00 218875.00 banks and financial Institutions like REC,LIC,PFC etc Receipts from deposit work/ Service 2 32752.00 42797.00 41000.00 44000.00 connection charges 3 Debts and Deposits 91194.33 86606.00 -179879.00 -35282.00 4 Net deficit in Internal Resources -358224.33 -309103.00 -40621.00 -89593.00 TOTAL RECEIPTS 116813.00 135300.00 120500.00 138000.00 II EXPENDITURE(Scheme-wise) 1 Generation 29387.00 38565.00 38330.00 39000.00 2 Transmission 22415.00 24000.00 18500.00 26000.00 3 Distribution 65011.00 71000.00 61500.00 70500.00 4 Others 0.00 1735.00 2170.00 2500.00 TOTAL CAPITAL 116813.00 135300.00 120500.00 138000.00 EXPENDITURE 5 3.