SCHEDULE - `C'
[See rule 4(1) (c)]

TRANSMISSION UNDERTAKING -
TRANSCO (DELHI POWER SUPPLY COMPANY LTD.)

PART - I
 

Unless otherwise specified by the government the Tansmission Undertakings shall comprise of allassets, liabilities and proceedings concerning Transmission consisting of :
 
I. TRANSMISSION ASSETS :

All the double circuit/single circuit transmission lines of voltage 220KV, 400KV with grid sub- stations of these voltage ratings of various capacities (including 66kv and 33kv switch yard in these grid substations) till the 66 kv/33kv line isolators on each of the feedersemanating from any of the 400kv and 220 kv substation including all outgoing 66 kv and 33kv lines emanating from 400 kv and 220 kv sub stations as well as the terminal gantry of switchyard at various power generating stations feeding the NDMC and MES areas of supply, with all associated and related equipment, including step-up, step-down transformers, circuit breakers, metering arrangements and other protective devices with power line communication system, allied control systems, load dispatch center, rights of the way, building road and other auxiliary assets spread over within and outside the territory of Delhi including such assets under construction and assets acquired, transferred or rights of which were vested with the Board by transfer, sale , lease or otherwise but excluding such constructions or installations lawfully owned and operated by others.

 
II. GENERAL ASSETS AND LIABILITIES

Special tools and equipment, material handling equipment, earth movers, bulldozers, concrete mixtures, cranes, trailers, heavy and light vechiles, furniture, fixtures, office equipments, air conditioners, refrigerators, computers and signal systems, spares, consumables, raw materials, civil work installations including roads, buildings, schools , dispenseries, testing laboratories and equipment, training centers, workshops, work in progress, machineries, and equipment sent for repairs, scrap and obsolete materials.
 
III. OTHER ASSETS :

Other assets and movable properties including plant and machinery, motor car, jeeps , trucks, cranes, trailers, other vechiles, furniture, fixtures, air conditioners, computers,etc. to the extent they are utilized and operated by or associated with the assets referred to under Items I and II above, along with the residential colonies and properties like shops etc. situated in the colonies and other asset not specified elsewhere as per the order No.F11/99/2001 - Power /PF/-III/2828 dated 13th November, 2001 of the government shall also form part of transmission undertaking.

PROVIDED THAT notwithstanding I, II and III above and that the land was being used immediately before date of the transfer exclusively or primarily for the business of the transferee, no part of the land shall form part of the assets transferred under these rules. The transferee shall be entitled to use such land as a licensee of the government on payment of a consolidated amount of one rupee only per month during the period the transferee has the sanction or licence or authorization to undertake the transmission business.As and when such licence or sanction or authorization is revoked or cancelled or not renewed or the area of supply where the land is situated is withdrawn from the transferee, the licence to the transferee in respect of such land shall cancelled.
 
IV. MISCELLANEOUS :

1.

 Contracts, agreements, interest and arrangements.

2.

Loans secured and unsecured to the extent to be specified in Balance Sheet Part -II, subject to adjustments as per the Notes of the Accounts of the Balance Sheet of the Transferee.
3.

Cash and bank balance to the extent to be specified in Balance Sheet Part-II, subject to adjustment as per the Notes of the Accounts of the Balance Sheet of the Transferee.
4.

Other current assets to the extent they are excusively or primarily associated or related to Generation Activities reffered to in items I to III above.
5.

Current and other liabilities and provisions to the extent to be specified in Balance Sheet -Part II, subject to adjustments as per the Notes of the Accounts of the Balance Sheet of the Transferee.
6.

Proceeding to the extent they are excusively or primarily associated with or related to Transmission activities or Undertaking or Assets reffered to in items I, II to III above.
 

Notwithstanding that the transmission system and line vest in TRANSCO, any Distribution and Retail Supply of electricity to the consumers directly from the transmission system/lines (without going through the distribution system/lines ), shall be the business of the Distribution Company and not that of the TRANSCO. The TRANSCO will provide to a Distribution Company the meter readings and other information relating to such direct supply to the consumers from the Transmission system/lines.
 

PART - II

Opening Balance Sheet of TRANSCO

 
Liabilities
Assets (Rs. crore)
Long Term Liabilities Fixed Assets

Authorised, issued, subscribed and paid up 180,000,000 shares of Rs. 10 each infavour of holding company

180

Gross Fixed Assets

 650
Secured Loan payable to Holding Company 270 Less : Accumulated Depreciation

200
Total 450 Net Fixed Assets 450

Current Liability

 Current Assets
Power Purchase Liability payable to GENCO 42

Receivables due from DISCOMS

278
Other Power Purchase Liability 236

Cash and Bank Balance

7
Payable to Holding Company 14

Spares and Stores

5
Total 292

Loan to personnel

2

Total

292
Total Liabilities 742

Total Assets

742
 
Notes to Accounts
 

On the date of transfer TRANSCO shall have the opening balance sheet mentioned in this part as adjusted for the following :
 
1.

The cash and Bank balances shall be adjusted by injection or withdrawal of funds by Holding Company so as to ensure that the balances are as mentioned in the Balance Sheet in the schedule.
2.

The value of Stores and Spares and Loans to Personnel shall be adjusted to reflect the actual book value as on the date of transfer. In case the actual book value of these items is more than the value mentioned in the Balance Sheet in this schedule, there shall be a corresponding increase in the current liability payable to the Holding Company. A decrease in the value of such items will be followed by a corresponding decrease in the current liability payable to Holding Company.
3.

TRANSCO shall undertake to repay the loan payable to Holding Company mentioned in this part, within twelve years from the date of transfer with a moratorium for the first three years on both interest and principal repayment. Thereafter the loan would carry interest at the rate of 12% per annum and would be repaid in eighteen equal half yearly installments from the date of transfer.
4.

TRANSCO shall undertake to repay the current liability payable to Holding Company mentioned in this part, within one year in twelve equal monthly installments from the second month onwards from the date of transfer.
5.

TRANSCO shall undertake to repay the Power Purchase liability payable to GENCO mentioned in this part, within the first two months from the date of transfer.