Purchase by licensee of electricity supplied by Board under Part III (Closing down of controlled stations)

Where a licensee exercises his option under para. XVII in terms of Cl. (b) thereof, the Board shall comply with the requirement to purchase the station under the sub-clause (i) of that clause, and in applying the provisions of Part II to the purchase by the licensee of electricity supplied to him by the Board,- (a) The station shall, notwithstanding that it has been permanently closed down, be deemed to remain a controlled station in operation but to be such a station which has ceased to generate electricity for one thousand hours or more during each year of account; (b) Cl. (a) of para. IX shall be construed as if the following were substituted thereof, namely: “(a) The maximum capacity of the station, that is to say, the maximum capacity (expressed in kilowatts available for supply to feeders) of such plant and works appertaining to the generation of electricity at the date of closing down as would have been available for reliable and regular commercial operation on the first day of each month, had the station not been closed down under Part III and had no replacement of any major item of such plant or works been carried out;” (c) Cl. (a) of para. XII shall be construed as if the following were substituted thereof, namely: “(a) There shall be ascertained in respect of the year of account such annual charges by way of interest and depreciation attributable to the assets purchased by the Board under Part III as would have resulted from the application of Cls. (e) and (f)of Para. I of the Eighth Schedule had those assets remained in the ownership of the licensee:”: (d) Cls. (b) of Para. XII shall be construed as if the reference therein to Cls. (b) (c) and (d) of para. 1. of the Eighth Schedule were omitted; (e) There shall be added to the sum payable by the licensee to the Board under Cl. (a) of Para. XIII in each month of the year of account a sum equal to one-twelfth of the amount calculated from the expression,- “A*B, where C” A = that part of the scheduled overhead charges payable by the licensee to the Board in respect of the most recent year of account during which the station did not cease to generate electricity for one thousand hours or more, which relates to the items referred to in Cls. (b), (c) and (d) of para. I of the Eighth Schedule; B = the Sum of- the scheduled effective capacities for each month of the year of account; C = the sum of 'the scheduled effective capacities for each month of the most recent year of account as aforesaid.