Hydropower Project

COMPUTATION OF INTREST DURING CONSTRUCTION

STATEMENT SHOWING COST OF THE PROJECT AND MEANS OF FINANCE

(Rs in millions)
Sl.No Particulars Rs. Total
I Project Cost

Land 50.00
Civil Works 2300.00
Plant and machinery 1100.00

Design,Engineering,Construction Supervision 42.00

Tools and plants 0.00
Pre-Operative and Establishment Charges 40.00
Priliminary Expenses 95.00
Interest during Construction & Finance Charges
Upfront Fees 31.00
Finance charges
IDC during Construction on RTL & FCL 500.00

Margin money for W/c 42.00

Contingency provision 75.00

Total Cost 4275.00

II Means of Finance

UP front
1 Equity 857.04 50% 428.52

Total 857.04

2 Term Loans
Rupee Term Loan 3417.96

Subtotal 3417.96

Total Means of Finance 4275.00

IDC COMPUTATION 0 4 8 12 16 20 24 28 32 36 40 44 48
4 8 12 16 20 24 28 32 36 40 44 48 52
PERIOD 0 TO4 4 TO 8 8 TO 12 12 TO 16 16 TO 20 20 TO 24 24 TO 28 28 TO 32 32 TO 36 36 TO 40 40 TO 44 44 TO 48 48 TO 52 TOTAL
Drawdown Schedule
% Expenditure 10.00% 0.00% 10.00% 0.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 5.00% 5.00% 100%
Fund Reqmt 427.50 0.00 427.50 0.00 427.50 427.50 427.50 427.50 427.50 427.50 427.50 213.75 213.75 4275.00

Equity % 49.88% 0.00% 0.00% 0.00% 0.00% 0.00% 10.00% 10.00% 10.00% 10.00% 10.00% 0.00% 0.00% 100%
Equity Amount 427.50 0.00 0.00 0.00 0.00 0.00 85.70 85.70 85.70 85.70 85.70 0.00 0.00 856.02
Cumulative Equity brought in 427.50 427.50 427.50 427.50 427.50 427.50 513.20 598.91 684.61 770.32 856.02 856.02 856.02

Balance fund reqmt 0.00 0.00 427.50 0.00 427.50 427.50 341.80 341.80 341.80 341.80 341.80 213.75 213.75 3418.98
Senior Debt 0.00 0.00 384.75 0.00 384.75 384.75 307.62 307.62 307.62 307.62 307.62 192.38 192.38 3077.08
Subordinate Debt 42.75 42.75 42.75 34.18 34.18 34.18 34.18 34.18 21.38 21.38 341.90
Cumulative Senior Debt drawdown 0.00 0.00 384.75 384.75 769.50 1154.25 1461.87 1769.48 2077.10 2384.72 2692.33 2884.71 3077.08
Cumulative Subordinate Debt drawdown 42.75 42.75 85.50 128.25 162.43 196.61 230.79 264.97 299.15 320.52 341.90

Interest on Senior debt 0.00 0.00 4.33 8.66 12.99 21.64 29.43 36.35 43.27 50.20 57.12 62.74 67.07 393.79
Interest on Subordinate debt 0.56 1.12 1.68 2.81 3.82 4.71 5.61 6.51 7.40 8.13 8.69 51.05
Interest on FCL (IDC) in Rs. Million 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total IDC in Rs. Million 0.00 0.00 4.89 9.78 14.67 24.45 33.25 41.07 48.88 56.70 64.52 70.87 75.76 444.84