In the Matter with GERC (Licensing of Electricity Trading) Regulations for Intra-State Trading of Electricity License within the State of Gujarat – EQ
Summary:
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## Case Background
* **Applicant**: *KP Global Infrastructure Limited* (Surat, Gujarat) – seeking an **Intra-State Electricity Trading License** under the Electricity Act, 2003 and GERC Licensing Regulations, 2005.
* **Objector**: *Mr. Rajeshkumar R. Maniyar* (Bhavnagar). He did not appear at the hearing or send any representation.
* **Hearing Date**: 24 July 2025.
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## Applicant’s Submissions
* License application and supporting documents were uploaded on its website as directed by GERC.
* No objections/comments/suggestions were received from stakeholders.
* Clarified on queries:
* **Corporate structure**: KP Energy is an associate company of the holding company, but a separate legal entity.
* **Litigations**: Status of ongoing litigations already submitted.
* **Financials**: Details submitted up to 31 March 2022.
* **Human resources**: Around **200 staff** available; exact allocation to electricity trading to be provided in further filings.
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## Commission’s Observations
* Acknowledged that despite notice, the objector was absent and silent.
* Applicant had complied with public notice and publication requirements.
* However, certain **critical details are still pending**, including:
* Updated **financial information**.
* **Staff deployment** for electricity trading operations.
* **Capital adequacy ratio** for trading business.
* Other clarifications previously sought.
* Directed the applicant to submit these **on affidavit within 7 days**.
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## Interim Decision
* Petition heard and arguments recorded.
* Matter is **reserved for final order** pending submission of affidavit.
* Applicant must comply with document submission before decision on grant of trading license.
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