Juniper Green Energy Receives CERC Nod for Inter-State Electricity Trading License
Juniper Green Power Trading, a subsidiary of Juniper Green Energy, has received approval for a Category ‘V’ trading license for inter-state trading in electricity from CERC.
August 30, 2024. By EI News Network
In accordance with Regulation 3(3) of the Trading Licence Regulations, a person applying for a Category 'V' trading licence should have a net worth of INR 2 crores and should have maintained a minimum current ratio and liquidity ratio of 1:1 as on the date of audited special balance sheet accompanying the application.
“As per the Special Balance Sheet submitted by the Petitioner as on 10.6.2024, the Petitioner possesses the required net worth, current ratio, and liquidity ratio for the grant of a Category ‘V’ trading licence. Accordingly, the Commission, vide order dated 1.8.2024, came to the conclusion that the Petitioner is prima facie qualified for the grant of a Category ‘V’ licence for inter-State trading in electricity,” noted the CERC order.
Subsequently, notice under Clause (a) of sub-Section (5) of Section 15 of the Act was published in all editions of Times of India (English) and Hindustan (Hindi) on 2.8.2024. However, no suggestions or objections have been received in response to the notice issued by the Commission.
The CERC order noted, “The learned counsel for the Petitioner submitted that no objection had been received in response to the public notice published by the Commission under sub-Section (5) of Section 15 of the Act. He further submitted that the Petitioner’s company would comply with the requirements specified in the Trading Licence Regulations during the subsistence of the trading licence, i.e., till 25 years if granted.”
The Category ‘V’ trading license will enable Juniper Green to undertake trading in electricity even for inter-state trading across India. The company can charge trading margins strictly in accordance with the trading licence regulations as amended from time to time. However, the licensee shall not engage in the business of transmission of electricity during the period of subsistence of the trading licence i.e. till 25 years.
In its final order, CERC noted, “On consideration of the materials on record, we are satisfied that the Petitioner company meets the requirements of the Act and the Trading Licence Regulations for the grant of an inter-State trading licence for a Category 'V'. Accordingly, we direct that the Petitioner, Juniper Green Power Trading Pvt. Ltd., be issued a Category ‘V’ licence for inter-state trading in electricity in the whole of India.”
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