Petition for Truing up exercise and Determination of tariff for the Uri- II Power Station of NHPC Limited – EQ
Summary:
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## 🏛️ **Parties Involved**
* **Petitioner:** *NHPC Limited*
* **Respondents:** *Punjab State Power Corporation Limited (PSPCL) and others*
### **Counsel Representations**
**For NHPC Limited:**
Shri Mohd. Faruque, Shri Piyush Kumar, Shri Venkatesh, Shri Abhishekh Nangia, Shri Aniket Kanhaua, Ms. Anannya Sinha (Advocates)
**For PSPCL:**
Shri Anand K. Ganesan, Shri Amal Nair, Ms. Shivani Verma (Advocates)
**For BRPL & BYPL:**
Shri Adarsh Tripathi, Shri Ajitesh Garg (Advocates)
**For UPPCL:**
Shri Savyasachi S., Shri Kaustub N., Shri Rohan N. (Advocates)
**For TPDDL:**
Shri Anand Kumar Shrivastava, Shri Ankit Bhandari (Advocates)
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## 📑 **Subject of the Petition**
* **Petition Type:** *Truing-up and Tariff Determination*
* **Period Covered:**
* **Truing-up:** 2019–2024
* **Tariff Determination:** 2024–2029
* **Project:** *Uri-II Power Station of NHPC Limited*
This petition concerns the regulatory approval of NHPC’s **final cost and performance data for 2019–24** (true-up exercise) and the **new tariff determination for 2024–29** for power generation from the Uri-II hydropower project.
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## 🧾 **Hearing Highlights**
1. **Respondents’ Request:**
Counsel for the respondents sought additional time to **file their replies** to NHPC’s petition.
2. **Petitioner’s Request:**
Counsel for NHPC also sought **time to submit rejoinders** after receiving the respondents’ replies.
3. **CERC’s Directions:**
* Respondents to file **replies by 4 November 2025**, with copies to NHPC.
* NHPC to file **rejoinder by 18 November 2025**.
* The petition is scheduled for **next hearing on 27 November 2025**.
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## 📘 **Procedural Note**
The Record of Proceedings was issued under the authority of **B. Sreekumar, Joint Chief (Law), CERC**, indicating that the petition has entered the **exchange-of-pleadings stage** before substantive tariff adjudication.
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## 🔍 **Context and Implication**
* The **Uri-II Power Station**, located in Jammu & Kashmir, is a major hydroelectric project under NHPC.
* The **true-up** ensures all cost variations and performance factors for the 2019–24 period are reconciled against prior tariff approvals.
* The **tariff determination** for 2024–29 will set generation charges payable by beneficiary utilities (PSPCL, UPPCL, TPDDL, BRPL, BYPL, etc.) for the next five years.
* The Commission’s directions indicate that final deliberations will proceed after exchange of submissions in November 2025.
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