CERC: Petition for Grant of Trading License & seeking recovery of Penalties for less return of Power

Haryana Power Purchase Centre

Versus 

Svaryu Energr Limited (Formerly Refex Energy Limited)

Background

The Petitioner, Haryana Power Purchase Centre, has filed the present Petition with the following prayers:

“(a) Direct the Respondent to pay the penalty as per the bills raised by the Petitioner under Clause 7 of the Banking Agreement for no retum of power by the Respondent; and

(b) Initiate appropriate proceedings under Section 19 of the Electricity Act, 2003 read with Regulation 20 of the Trading License Regulations for revocation of the interState trading licence granted to the Respondent; and

(c) Revoke the inter-State trading license of the Respondent; and/or

(d) Pass any other or firther order(s) as this Commission may deem fit and proper in lacts and circumstances of the present case.