CERC: Petition for seeking approval for creation of security interest over all of the Petitioner’s Assets

KPS1 Transmission Limited 

Versus

Power Finance Corporation Limited, Catalyst Trusteeship Limited & Central Transmission Utility of India Limited

Background

The Petitioner, KPS1 Transmission Limited (hereinafter referred to as ‘the Petitioner/KTL’), has been granted a transmission licence under Section 14 of the Electricity Act, 2003 (hereinafter referred to as ‘the Act’) to establish the “Transmission Scheme for Injection Beyond 3 GW RE Power At Khavda PS1 (KPS1)” (hereinafter referred to as ‘the Transmission System’ or ‘Project’), the details of which are specified in the schedule attached to the licence issued vide order dated 30.