In the matter of the CERC (Procedure, Terms and Conditions for grant of trading license and other related matters), Regulations, 2020 for ACME Greentech Eighth Private Ltd – EQ

Summary:

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## ⚖️ **Document Overview**

**Issuing Authority:** Central Electricity Regulatory Commission (CERC), New Delhi
**Petition No.:** 780/TD/2025
**Date of Order:** 6 October 2025
**Petitioner:** *ACME Greentech Eighth Private Limited (AGEPL)*
**Subject:** Application for grant of an *Inter-State Electricity Trading Licence (Category IV)* under **Sections 14 & 15(1)** of the *Electricity Act, 2003* and **Regulation 6** of the *CERC Trading Licence Regulations, 2020*.

**Coram:**

* Shri Jishnu Barua – Chairperson
* Shri Ramesh Babu V. – Member
* Shri Harish Dudani – Member
* Shri Ravinder Singh Dhillon – Member

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## 🧾 **Background and Proceedings**

The petitioner, **ACME Greentech Eighth Pvt. Ltd. (AGEPL)**—registered under the *Companies Act, 2013*—applied for a **Category IV inter-state trading license** to operate across India.

### **Hearings Timeline:**

* **23 September 2025:** First hearing held; petitioner’s counsel stated compliance with all licensing criteria.

* CERC directed the petitioner to submit:

1. An **undertaking** not to engage in transmission business without surrendering the trading license.
2. **Details of full-time professionals** (qualifications and experience) per Regulation 3(2).
* **25 September 2025:** Petitioner filed compliance affidavit confirming both directions.
* **1 October 2025:** Second hearing held. Petitioner’s counsel confirmed all requirements met; the Commission reserved its order.

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## 🏛️ **Key Legal Basis**

The petition was filed under:

* **Sections 14 & 15(1)** of the *Electricity Act, 2003* (licensing provisions).
* **Regulation 6** of *CERC Trading Licence Regulations, 2020*—which outlines:

* Application procedure,
* Fee requirements,
* Public notice obligations,
* Consideration of objections and publication of proposed license grant.

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## 📢 **Public Notice and Compliance**

* AGEPL uploaded its application and annexures on its website per Regulation 6(2).
* Published notices in **Business Standard** (11 cities) and **Indian Express** (6 cities) on **14 August 2025**.
* Filed affidavit confirming publication and stated **no objections received** from the public.

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## 🧾 **Corporate Information**

* **Incorporation Date:** 12 February 2025
* **Registered Office:** Plot No. 152, Sector 44, DLF QE, Gurgaon, Haryana
* **Authorized Activity:** *Trading in electricity* as per Clause 2(1) of its *Memorandum of Association (MoA)*, which explicitly allows energy trading, power exchange participation, and related advisory activities.

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## 👩‍💼 **Professional Qualification Compliance**

In line with **Regulation 3(2)** (requiring qualified full-time professionals):

| **Name** | **Position** | **Qualification & Experience** |
| ———————- | ——————————————- | ——————————————————————————————————————————— |
| **Mr. Deepak Sharma** | General Manager (Finance & Accounts) | Chartered Accountant (since 2003); 22+ years experience in finance, commerce, and accounting. |
| **Ms. Prachi Chauhan** | Deputy Manager (Power Trading – Operations) | B.Tech (UTU Dehradun, 2017) & M.Tech (Thapar Institute, 2019); 6+ years experience in power trading, forecasting, and scheduling. |

CERC confirmed that the petitioner **meets professional eligibility criteria**.

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## ⚙️ **Key Undertakings & Commitments**

* AGEPL undertook **not to engage in transmission business** without surrendering its trading license.
* All documentary and procedural requirements under the 2020 Regulations were fulfilled.
* The MoA authorizes **electricity trading activities** across markets and derivatives platforms.

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## 🧩 **Commission’s Findings**

After reviewing submissions and compliance documents, CERC observed:

* The petitioner meets:

* Financial qualifications (net worth & liquidity).
* Professional staffing norms.
* Disclosure, publication, and procedural obligations.
* No public objections were received.
* AGEPL is thus **eligible for a Category IV inter-state trading licence** under Regulation 3.

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## 🧾 **Order Summary**

1. **Proposal to Grant Licence:**
CERC **proposed to grant** a *Category IV Inter-State Electricity Trading Licence* to **ACME Greentech Eighth Pvt. Ltd.**

2. **Public Notice:**
Directed that a **notice be issued** under Section 15(5)(a) of the *Electricity Act, 2003*, inviting **objections or suggestions** before final issuance of license.

3. **Next Hearing Date:**
The petition was **listed for final hearing on 22 October 2025**.

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## ✅ **Key Takeaways**

| **Aspect** | **Details** |
| ———————- | ————————————————— |
| **Petitioner** | ACME Greentech Eighth Pvt. Ltd. |
| **License Category** | Category IV (Inter-State Trading) |
| **Net Worth** | ₹10.10 Crore |
| **Ratios** | Current: 107.36, Liquidity: 107.34 |
| **Professional Staff** | Chartered Accountant + Power Trading Engineer |
| **Legal Compliance** | Full compliance with Sections 14, 15 & Regulation 6 |
| **Decision** | Proposal to grant license issued |
| **Next Steps** | Awaiting final order post-public notice & hearing |

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