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CERC Proposes Draft Regulations on RLDC Charges
The Central Electricity Regulatory Commission (CERC) has put forth draft regulations regarding the Rationalization of Regional Load Dispatch Centre (RLDC) Charges. The proposal aims to streamline the process of levying charges for the services provided by RLDCs across the country.
RLDCs play a crucial role in maintaining grid stability and ensuring efficient power transmission and distribution. They coordinate the operation of the power system within their respective regions, facilitating the exchange of electricity between states and managing grid imbalances.
Under the propo..
CERC approves tariff for SECI's 600 MW wind projects
The Central Electricity Regulatory Commission (CERC) announced its approval for the tariff of Rs 2.90)/kWh (100 MW) and Rs 2.95)/kWh (500 MW), with a trading margin of Rs 0.07/kWh, for Solar Energy Corporation of India's (SECI) 600 MW wind power projects (Tranche-XIII).
It was stated that the projects would be linked to the interstate transmission system (ISTS), and developers for the projects had been chosen through a competitive bidding process.
Background information revealed that SECI had submitted a petition seeking to adopt a tariff for the wind projects. Respondents..
CERC approves tariffs for SECI's 1,200 MW wind projects, recognising GST changes?
The Central Electricity Regulatory Commission (CERC) has approved tariffs for SECI's 1,200 MW wind power projects. Tariffs of Rs 2.69 (0.0326)/kWh (450 MW, 120 MW) have been sanctioned, along with a trading margin of Rs 0.07 (~$0.00084)/kWh. This approval applies to wind power projects connected to the interstate transmission system (ISTS) under Tranche-XI to operate on a "build-own-operate" basis.
The Commission recognised the increase in GST rates on renewable energy devices as a Change in Law event following a notification from the Ministry of Finance after July 6, 2021. This recog..
NCLAT Halts ATS Projects' Insolvency
The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.
The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..
IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer
IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.
The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..
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