Petition of the CERC (Procedure, Terms and Conditions for Grant of Trading License and other Related Matters) Regulations of Greenko Energies Private Ltd from Category III to Category I – EQ
Summary:
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## Business Summary: CERC Petition No. 136/TD/2026 – Greenko Energies
### Case Overview
| Particulars | Details |
|————-|———|
| **Petitioner** | Greenko Energies Private Limited (GEPL) |
| **Purpose** | Upgradation of inter-state trading license from **Category III to Category I** |
| **Applicable Regulation** | CERC Trading Licence Regulations, 2020 |
| **Legal Basis** | Section 15 of Electricity Act, 2003 |
| **Next Hearing Date** | 24 April 2026 |
### CERC Directives to Greenko (to be complied within two weeks)
| Directive | Details |
|———–|———|
| **Special Balance Sheet** | Submit a duly signed, audited special balance sheet (within 30 days of filing the petition) with all pages, Auditor’s Report, financial statements, notes, schedules – all authenticated by the Auditor. |
| **Net Worth Compliance** | Demonstrate compliance with net worth requirement for Category I license. |
| **Current Ratio Compliance** | Demonstrate compliance with current ratio as per 2020 Regulations. |
| **Liquidity Ratio Compliance** | Demonstrate compliance with liquidity ratio as per 2020 Regulations. |
### Business Implications
**For Greenko Energies:**
– Upgradation to **Category I trading license** would allow the company to trade unlimited volumes of electricity across inter-state lines (Category III has lower volume limits).
– This is a **strategic move** to scale up power trading business, especially in renewable energy (wind, solar, storage).
– Non-compliance with CERC’s directives will delay or reject the upgradation.
**For Other Market Participants:**
– Greenko is a major renewable energy player. Category I license will enable it to become a **larger power trader** in the Indian market.
– Competitors and potential partners should monitor the **24 April 2026 hearing** for final outcome.
### Risks / Observations
– The CERC has **not accepted the petition outright** – compliance proof is required.
– The special balance sheet must be **audited and authenticated** – any discrepancy could lead to rejection.
– Current ratio and liquidity ratio are critical financial health indicators; failure to meet them will block upgradation.
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