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SCHEDULE-C

PART -I

See Clause 4 (1)(C)

U.P. POWER CORPORATION LTD.

All the properties liabilities belonging to the Uttar Pradesh State Electricity Board other than those included in Schedule-A as UPRVUNL and Schedule - 'B' as UPJVNL or such other properties, liabilities and proceeding as specified by the State Government under clause 4 (1) and including but not limited to the following :-

Transmission Properties :

  1. All the transmission lines with towers of voltage 132 KV, 220 KV, 400 KV including 132/220/400/800 KV (under construction) on double circuit/single circuit towers with Grid Sub-stations of various capacities along with all outgoing 66 KV, 132 KV, 220 KV, 400 KV feeders at Terminal Gantry of Switchyard at various Power Generating Stations, with all associated and related equipment, including step up, step-down transformers, circuit breakers, metering arrangement and other protective devices with power line communication, system, allied control rooms, load dispatch center, lands (including rights of way), buildings, roads, and other auxiliary assets spreads over within and outside the territory of the State 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.

    Distribution Properties :

  2. All 66 KV, 33 KV, 11 KV LT (Single phase 2 wire to 3 phase 5 wire) lines including 66 KV, 33 KV, 11 KV, LT (Single phase 2 wire to 3 phase 5 wire) lines (under construction) on various types of supports and associated 66 KV, 33 KV, and 11 KV substations of various capacity (under construction) along with all incoming and outgoing 66 KV, 33 KV, and 11 KV feeders (under construction) with over head lines and underground cables on different types of supports with various size of conductors and step up/step down transformers, breakers, protective and metering devices and control rooms, testing laboratories, lands (including rights of way) buildings, roads, diesel generating sets or other conventional and non-conventional generation units, service connections and installations inside consumer's premises, street lighting and signal systems owned by or leased to the Board but excluding fittings, fixtures and installations owned, by private persons or local authorities.

  3. The following, if they exclusively or primarily pertain to the above mentioned transmission and distribution properties or activities related to such transmission and distribution systems.

    1. GENERAL PROPERTIES/LIABILITIES :  Special tools and equipment materials handling equipment, earth movers, bulldozers, concrete mixtures, cranes, trailers, heavy and light vehicles, furniture, fixtures, office equipment, air conditioners, refrigerators, computers and signal systems, spares, consumables, raw materials, lands and civil works installations including roads, buildings, schools, dispensaries testing laboratories and equipment, training caters, workshops works in progress, machineries and equipment sent for repairs scrap and obsolete materials.

    2. OTHER PROPERTIES : Other assets and movable properties plant and machinery, motor car, jeeps, trucks, cranes, trailers and other vehicles, furniture, fixtures, air conditioners, computers, etc, to the extent they are utilised and operated by or associated with the asset referred to under items I, II and III above shall also form part of UPPCL.

    3. MISCELLANEOUS :

      1. Contracts, agreements, interest and arrangements.

      2. Loans, secured and unsecured to the extent specified in Part II of this Schedule.

      3. Cash and bank balance to the extent specified in Part II of this Schedule.

      4. Provident Fund, Pension Fund, Gratuity Fund and any other Funds to the extent specified in Part II of this Schedule.

      5. Other current assets to the extent they are exclusively or primarily associated with or related to Transmission and Distribution activities referred to in items 1 to 3 above.

      6. Current and other liabilities and provisions to the extent specified in Part II of this Schedule.

      7. Proceedings to the extent they are exclusively or primarily associated with or related to Transmission and Distribution activities or the UPPCL or Assets referred to in items 1 to 3 above.

PART - II

AGGREGATE VALUE OF ASSETS AND LIABILITIES TO BE

 TRANSFERRED AND VESTED IN UPPCL AS ON 14 JANUARY 2000

 

(Rs. in crores)

FIXED ASSETS 

Gross Fixed Assets 7927.28
Less Accumulated depreciation 2593.57
Net Fixed Assets 5333.72
Cap. Expd. in progress 2169.65
Other Assets -
Investments 137.35
Total Fixed Assets 7640.72
CURRENT ASSETS 
Cash and Bank Balance 245.47
Total Stocks 424.37
Less Provision for Unserviceable Stores 252.77
Net Stock 171.60
Receivable for Sale of Electricity 5274.21
Provision for Bad & Doubtful debts 4344.86
Net Receivables 929.35
Provision for Unbilled revenue 1.35
RE Subsidy receivable -
Other Receivable 187.68
Total Current Assets 1535.44
TOTAL ASSETS 9176.15
NET WORTH 
Equity 3611.34
Consumer's Contributions -
Retained Earning (Losses)/Reserves -
Capital Reserves -
Grants -
Total Net Worth 3611.34
LONG TERM DEBTS 
Go UP Loans -
Bonds -
IDBI- Deferred 94.23
Life Insurance Corporation -
REC 604.96
Commercial Banks (2.58)
HDFC 3.10
PFC 6.03
NOIDA 2.44
UPSIDC 9.42
CEA-Gol Loan -
Urban Cooperative Bank -
Foreign Currency Loans -
Others 8.55
Commercial Banks 97.39
Trade Bonds 50.00
Total Long Term Loans 873.54
CURRENT LIABILITIES   
Accounts Payable (including provision for Contingent Liabilities) 2381.46
Payables to UPRVUNL -
Payables to UPJVNL 50.00
Deposits from Consumers 620.27
Accumulated Interest on Govt. Loans -
Accumulated Interest on Other Loans 249.15
Overdue Principal 29.19
Borrowings for Working Capital 22.50
Total Current Liabilities 3352.56
Liability towards Employees PF Trust 1338.72
Total Staff terminal liabilities 1338.72
TOTAL LIABILITIES 9176.15

 
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