Section 17 in Chhattisgarh State Electricity Regulatory Commission (Fees and Charges of State Load Despatch Centre and Other Related Matters) Regulations, 2010
17. Interest on Working Capital.
(1)The working capital shall cover :(i)Operation and maintenance expenses excluding human resource expenses for one month;(ii)Human resource expenses for one month;(iii)Receivables equivalent to two months of the system operation charges and market operation charges as approved by the Commission.(2)Rate of interest on working capital shall be on normative basis and shall be equal to the short term Prime Lending Rate of State Bank of India as on the first day of the first Financial Year of the Control Period.(3)Interest on working capital shall be payable on normative basis notwithstanding that the CSPSOC has not taken any loan for working capital from any outside agency.
