Dear Patrons & Readers,
Petition for the grant of Category ‘V’ license for inter-State trading in electricity in all the States and Union Territories of India under Regulation 6(1) of Central Electricity Regulatory Commission (Procedure, Terms & Conditions for grant of trading licence and other related matters) Regulations, 2020 and the Electricity Act, 2003.
Petitioner: Clean Max Fusion Power LLP (CMFPL)
Background:
The Petitioner, Clean Max Fusion Power LLP (hereinafter referred to as ‘the Petitioner’), a Special Purpose Vehicle (SPV) of Clean Max Enviro Energy Solutions Private Limited (a company registered under the Companies Act, 1956) has made the present application under Section 15(1) of the Electricity Act, 2003 (hereinafter referred to as “the Act”) read with Regulation 6 (1) of the Central Electricity Regulatory Commission (Procedure, Terms and Conditions for the grant of Trading Licence and other related matters) Regulations, 2020 (hereinafter referred to as “the Trading Licence Regulations”), amended from time to time, for the grant of a Category 'V' trading licence for inter-State trading in electricity across India.
In accordance with Clause (2) of Regulation 3 of the Trading Licence Regulations, the Petitioner should have at least one full-time professional with qualifications and experience in power system operation and commercial aspects of power transfer, finance, commerce, and accounts. With regard to full-time professionals, the Petitioner has submitted that Shri Sritam Patro, Deputy General Manager is a B. Tech, Electrical Electronics and Engineering, MBA - Power Management having 9 years of experience, and Shri Irfan Khan, Deputy General Manager is a Chartered Accountant, B. Com. having 16 years of experience. Accordingly, as per the information submitted by the Petitioner, it fulfils the requirements of Clause (2) of Regulation 3 of the Trading Licence Regulations.
The Petitioner has submitted that the Petitioner company shall not engage in the transmission of electricity without surrendering the trading licence, if granted by this Commission.
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.
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