Petition of the Electricity Act Approval to procure and sign PSA of 150 MW assured peak power from SJVN Ltd. 6000 MWh RE Project with Energy Storage – EQ

Summary:

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#### 1. Core Business Matter

– **Petitioner’s Request:** Approval to procure and sign a Power Sale Agreement (PSA) for **150 MW assured peak power** from SJVN Ltd.
– **Source:** 6000 MWh capacity from a Renewable Energy Project with Energy Storage System (1500 MW × 4 hours configuration).
– **Legal Basis:** Sections 86(1)(b) and (e) of the Electricity Act, 2003 (dealing with power procurement and regulatory approvals).

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#### 2. Key Development – Petition Withdrawn

| Parameter | Detail |
|———–|——–|
| **Current Status** | Petition rendered **infructuous** (no longer valid). |
| **Reason** | The 150 MW assured peak power from SJVN Ltd. is **no longer available**. |
| **Action Taken** | Petitioner (BYPL) requested withdrawal during hearing on 24.03.2026. |
| **Commission’s Direction** | BYPL must file an Interlocutory Application (IA) formally recording that the petition has become infructuous due to non-availability of power from SJVN. |

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#### 3. Financial & Commercial Implications

| Aspect | Implication |
|——–|————–|
| **Procurement Failure** | BYPL cannot secure 150 MW peak power from SJVN as planned. |
| **Alternate Arrangement Needed** | BYPL must seek alternative sources to meet peak power requirement (150 MW with storage). |
| **Potential Cost Impact** | Alternate procurement may be at different (likely higher) tariffs, affecting BYPL’s power purchase cost. |
| **Regulatory Approval** | Any new PSA will require fresh DERC approval under Section 86. |

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#### 4. Timeline & Procedural Details

| Parameter | Detail |
|———–|——–|
| **Date of Hearing** | 24 March 2026 |
| **Date of Order** | 24 March 2026 (same day mentioning order) |
| **Next Step** | BYPL to file IA confirming infructuous status |
| **Petition Disposal** | Not yet formally disposed – pending IA filing |

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#### 5. Parties & Appearance

| Role | Detail |
|——|——–|
| **Petitioner’s Counsel** | Mr. Buddy A. Ranganadhan, Senior Advocate |
| **DERC Coram** | Sh. Surender Babbar (Member) and Sh. Ram Naresh Singh (Member) |
| **Venue** | DERC, Viniyamak Bhawan, Malviya Nagar, New Delhi – 110017 |

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#### 6. Key Business Takeaways

| Takeaway | Implication |
|———-|————–|
| **SJVN deal failed** | Assured peak power of 150 MW with storage is no longer available – deal collapsed. |
| **BYPL must find alternative** | Urgent need to source equivalent capacity from other generators or traders. |
| **Regulatory process restarts** | Any new PSA requires fresh DERC petition – no automatic approval. |
| **No penalty mentioned** | DERC did not impose any cost or penalty on BYPL or SJVN for non-availability. |
| **Storage-based RE scarce** | Highlights limited availability of renewable energy with battery storage for peak hours. |

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