In the matter of the CERC (Procedure, Terms and Conditions for grant of trading license and other related matters), Regulations for grant of an interstate trading license – EQ

Summary:

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# **1. Purpose of the Petition**

Energyminds Power Solutions Pvt. Ltd. filed an application under:

* **Sections 14 & 15(1)** of the Electricity Act, 2003
* **Regulation 6** of Trading Licence Regulations, 2020

seeking the grant of a **Category V Inter-State Trading Licence**, allowing the company to trade electricity across India.

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# **2. Public Notice & Compliance**

* EPSPL published notices on **6 August 2025** in Business Standard and Times of India (multiple editions).
* CERC also issued a public notice on **8 October 2025** in Hindustan Times (English & Hindi).
* **No objections or suggestions** were received from the public.

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# **3. Qualification Assessment**

CERC verified statutory compliance:

### **a) Financial Eligibility**

* As per the audited special balance sheet dated **27 July 2025**, EPSPL meets:

* **Net worth requirement ≥ ₹2 crore**
* **Current ratio & liquidity ratio ≥ 1:1**

### **b) Human Resource Qualification**

EPSPL has the required full-time professionals with experience in:

* Power trading
* System operations
* Finance, commerce & accounting
* Regulatory compliance
* IT & market analytics

CERC recorded qualifications and experience of key personnel including:

* **Shri Anmol Sirohi – President, Power Trading**
* **Mr. Ayush Poddar – General Manager, Finance**
* **Mr. Amit Kumar Chaurasiya – VP, Operations**
* **Mr. Samyak Singh – GM, System Operations & IT**

### **c) Corporate Objects**

* The company’s Memorandum of Association allows engagement in electricity-related businesses.
* EPSPL gave an undertaking that it **will not undertake transmission activities** unless the trading licence is surrendered.

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# **4. Prima Facie Qualification**

On **6 October 2025**, CERC found the applicant **prima facie eligible** for Category V licence and proposed grant of licence, invoking Section 15(5) of the Act.

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# **5. Final Decision (7 November 2025 Order)**

CERC concluded that EPSPL **meets all requirements** under the Act and Trading Licence Regulations and **approved the grant of Category V Inter-State Trading Licence**.

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# **6. Conditions of Licence**

EPSPL must comply with the following throughout the **25-year licence period**:

### **Regulatory & Legal Compliance**

* Comply with all provisions of Electricity Act, CERC Regulations, and directives.
* Maintain required **net worth**, **liquidity**, and **current ratios** at all times.

### **Activity Restrictions**

* **Must not engage in transmission business** during licence tenure.

### **Trading Margin**

* Must strictly adhere to CERC’s notified **trading margin regulations**.

### **Licence Administration**

* Pay annual licence fees on time.
* Provide periodic reports/data as required.
* Ensure continuous adherence to qualification and disqualification norms.

### **Operational Compliance**

* Licence is liable for **revocation** if:

* Regulations are violated,
* EPSPL fails to commence trading within **1 year**, or
* Mandatory financial/operational criteria are not maintained.

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# **7. Notification to Government Agencies**

A copy of the order will be sent to:

* **Ministry of Power (MoP)**
* **Central Electricity Authority (CEA)**

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# **8. Outcome**

**Petition No. 778/TD/2025 is allowed.**
Energyminds Power Solutions Private Limited is officially granted a **Category V trading licence**, permitting inter-state electricity trading across India, subject to compliance with all regulatory conditions.

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