Petition with the CERC (Procedure, Terms and Conditions for Grant of Transmission License and other related matters) Regulations to POWERGRID Bikaner Neemrana Transmission Ltd – EQ
Summary:
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## **CERC – Final Order**
**Petition No.:** 443/TD/2025
**Date of Order:** 13.08.2025
**Coram:**
* Shri Jishnu Barua (Chairperson)
* Shri Ramesh Babu V. (Member)
* Shri Harish Dudani (Member)
* Shri Ravinder Singh Dhillon (Member)
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### 📌 Case Background
* **Petitioner:** *Clean Renewable Energy Hybrid Fifteen Private Limited* (CREHFPL), New Delhi.
* **Subject:** Application under Section 14 of the Electricity Act, 2003 read with CERC Trading Licence Regulations, 2020.
* **Relief Sought:** Grant of **Category V inter-State trading licence** (valid pan-India).
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### ⚡ Proceedings
1. **Public Notice:** Issued on 09.04.2025 across national dailies; no objections received.
2. **Financial Criteria:**
* Net worth ≥ ₹2 crore.
* Current ratio & liquidity ratio ≥ 1:1.
* CREHFPL’s balance sheet (28.03.2025) confirmed compliance.
3. **Professional Staff:**
* **Mr. Anchal Kumar** (B.Tech, MBA – 11 yrs in power trading & regulatory affairs).
* **Mr. Ishu Jindal** (Chartered Accountant – 6 yrs in finance & power sector).
* Requirement of full-time professionals under Reg. 3(2) satisfied.
4. **MoA Compliance:** Company authorised to engage in electricity trading (not transmission).
5. **Hearing (07.08.2025):** Counsel confirmed no objections to public notice; undertaking to comply with Trading Licence Regulations for 25 years.
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### ✅ Commission’s Decision
* **Category V inter-State Trading Licence granted** to CREHFPL for 25 years.
* Subject to compliance with:
* Trading Licence Regulations, 2020.
* CERC fee regulations (annual licence fee).
* Trading margin caps as prescribed.
* Net worth & liquidity requirements at all times.
* **Restrictions:**
* Cannot engage in transmission business during licence validity.
* Licence revocable if company fails to start trading within 1 year, or on violation of Act/Regulations.
* Copy sent to **MoP** and **CEA** for records.
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### 📌 Final Status
* **Petition Allowed.**
* CREHFPL is now a licensed **Category V inter-State electricity trader** across India.
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