Clean Renewable Energy Hybrid 15 Set For Inter-State Power Trading

New Delhi-based renewable energy company Clean Renewable Energy Hybrid Fifteen is now set to secure a Category-V interstate trading licence for power trading across India. The Central Electricity Regulatory Commission (CERC), in its latest order, has proposed granting the licence to the firm, subject to the receipt of any objections through public notice.

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The central power regulator found the company compliant with all prerequisite formalities. The "Category 'V' trading licence" for inter-state trading in electricity in India refers to a specific classification granted by the CERC. It authorizes a company to trade electricity across state boundaries in the Indian power market.

Qualifies Min Eligibility 

To qualify, companies must have a net worth of ₹1 crore and a minimum current and liquidity ratio of 1:1. As per the audited balance sheet, Clean Renewable Energy Hybrid Fifteen has a net worth of approximately ₹2.96 crore, exceeding the ₹2 crore eligibility requirement.

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After reviewing the arguments and compliance documents, the CERC proposed to grant the company a Category-V trading licence for power trading across India.

Final Order

In its order proposing the licence, the CERC stated: “On consideration of the above facts, after a preliminary examination, we find that the Petitioner meets the requirements as specified in the Trading Licence Regulations for the grant of a Category 'V' trading licence. In view thereof, the Commission proposes to grant a Category 'V' trading licence to the Petitioner. We direct that a notice under Clause (a) of Sub-section (5) of Section 15 of the Act be issued, inviting further suggestions or objections to the proposal of the Commission.”