Petition for Adoption for Supply of 1200 MW ISTS-Connected Solar PV Power Projects Anywhere in India with “Greenshoe Option” – EQ

Summary:

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## ⚖️ **Document Overview**

* **Issuing Authority:** Central Electricity Regulatory Commission (CERC), New Delhi
* **Document Type:** *Record of Proceedings (RoP)*
* **Petition No.:** 735/AT/2025
* **Date of Hearing:** *2 September 2025*
* **Coram:**

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

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## 🏢 **Petitioner**

**NTPC Limited (NTPCL)** — India’s largest power utility and renewable energy developer.

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## ⚙️ **Nature of the Petition**

The petition was filed under **Section 63** of the *Electricity Act, 2003* seeking:

> **“Adoption of Tariff discovered through Competitive Bidding Process for Supply of 1200 MW ISTS-Connected Solar PV Power Projects Anywhere in India, with a Greenshoe Option for an additional capacity of up to 600 MW.”**

### Key Aspects:

* **Total capacity:** 1200 MW (firm) + 600 MW (Greenshoe option)
* **Type:** *Inter-State Transmission System (ISTS) connected Solar PV Projects*
* **Bidding Framework:** Conducted under the **Competitive Bidding Guidelines for Solar Power Procurement** issued by the Ministry of Power (MoP).
* **Objective:** To allow **NTPC** to procure solar power from successful bidders at discovered tariffs for interstate sale.

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## 👥 **Respondents**

Includes multiple entities — notably:

* **Bharat Petroleum Corporation Limited (BPCL)**
* **Adyant Enersol Private Limited (AEPL)** – represented by advocates Shri Harishit Malik, Shri Vansh Malik, Shri Vishal Anand, and Shri Rahul Chatwal.

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## ⚖️ **Proceedings Summary**

1. **NTPC’s Submission:**

* Counsel for NTPC (Shri Adarsh Tripathi and Shri Ajitesh Garg) submitted that the petition seeks *adoption of tariff* for 1200 MW of ISTS-connected solar capacity discovered through a transparent competitive bidding process.
* NTPC also included a **Greenshoe Option**—allowing an additional 600 MW capacity under the same discovered tariff conditions, depending on demand and grid capacity.

2. **Respondent’s Submission:**

* Advocate for Adyant Enersol Private Limited (Respondent No. 5) accepted the notice and requested **time to file a reply.**

3. **CERC’s Directions:**

* The Commission **admitted the petition** and **issued notice to all respondents**.
* Respondents were directed to file their **replies within two weeks**, with NTPC allowed to submit **rejoinders within one week thereafter.**

4. **Next Hearing:**

* The matter is scheduled for **further hearing on 16 October 2025.**

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## 🧾 **Legal Basis**

* **Section 63 of the Electricity Act, 2003:** Enables CERC to adopt tariffs for power procurement discovered through **transparent competitive bidding**.
* This petition falls under the **standard tariff adoption** process that follows successful completion of a **bidding round** managed by NTPC as an implementing agency or procurer.

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