Petitioner FIIITL get approval by CERC for Approval for creation of security interest over the assets of the Petitioner

Fatehgarh III Transmission Limited, (A 100% wholly owned subsidiary of Apraava Energy Private Limited) T-15A, Third Floor, Salcon Rasvilas, Saket-110017, New Delhi, India

Versus

Central Transmission Utility of India Limited and others

Background:

The Petitioner, Fatehgarh III Transmission Limited (hereinafter referred to as ‘FIIITL’), has been granted a transmission licence under Section 14 of the Electricity Act, 2003 (hereinafter referred to as ‘the Act’) to establish the “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase Ill-Part A3” (hereinafter referred to as “the Transmission System” or “Project”) on a Build, Own, Operate, and Transfer (BOOT) basis, the details of the Project are specified in the schedule attached to the licence issued vide order dated 28.