Petition of the Electricity Act of the PPA between Torrent Power Ltd. and Adani Renewable Energy Eight Ltd. under the Change in Law – EQ
Summary:
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# ⚖️ Case Details
* **Forum:** GERC, Gandhinagar.
* **Petition No.:** 2053 of 2022.
* **Filed under:** Section 86(1)(b) of the Electricity Act, 2003 + Article 9 of PPAs (12.05.2021).
* **Petitioner:** Torrent Power Ltd. – Distribution (counsel: Abhishek Munot, Kunal Kaul, Jignesh Langalia, Luna Pal).
* **Respondent No.1:** Adani Renewable Energy Eight Ltd. (counsel: Dipak Kumar Panchal).
* **Respondent No.2:** Torrent Saurya Urja 2 Pvt. Ltd. (counsel: Nisarg Shah, Bhushan Shah).
* **Coram:** Mehul M. Gandhi & S. R. Pandey (Members).
* **Date:** 04.09.2025.
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# 📑 Subject Matter
* Petition seeks **tariff adjustment under Change in Law** for solar PPAs executed on 12.05.2021:
* With Adani RE8L – 150 MW at ₹2.22/unit.
* With Torrent Saurya Urja 2 PL – 150 MW base + 150 MW Greenshoe (300 MW total) at ₹2.22/unit.
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# 🌐 Claimed Change in Law Events
* **GST change:** On renewable energy devices/parts (Notification 30.09.2021).
* **Customs duty:**
* Increase on solar inverters (Notification 01.02.2021).
* Basic Customs Duty on modules & cells (MNRE OM 09.03.2021).
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# 📅 Project Status
* **Respondent No.2 (Torrent Saurya Urja 2):** Project commissioned in **Dec 2024**. Petitioner now shifting from “in-principle” relief to **final computation** of impact.
* **Respondent No.1 (Adani RE8L):** Project to commission in **Mar 2026** (original SCOD Nov 2022, extended due to FM).
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# 📋 Commission’s Directions
1. Petition originally sought “in-principle” Change in Law approval.
2. Since one project is commissioned, Petitioner to file **amended petition** with actual data & computations.
3. Petitioner must submit within **10 days**, copy to Respondents.
4. Respondents may file rejoinder within **10 days thereafter**.
5. Next hearing date to be intimated separately.
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# 🔑 Implications
* **For Torrent Power (buyer):** Needs clarity on pass-through of GST & customs duty impacts in PPAs.
* **For Developers (Adani & Torrent Saurya):** One commissioned, one nearing COD → Change in Law recovery likely.
* **For Commission:** Moving from principle-level to actual financial quantification.
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