The Central Electricity Regulatory Commission (CERC) has granted Karur Transmission, a transmission license to withdraw 1,000 MW of renewable energy from the Karur/Tiruppur wind energy zone in Tamil Nadu under Phase-I. The Commission directed the Central Electricity Authority (CEA) to supervise project execution and review any interruptions. Karur Transmission was the successful bidder in a competitive bidding process hosted by PFC Consulting, with the minimum levelised transmission charges of Rs 1.835 billion per annum. Karur Transmission filed the petition to build, own, operate, and maintain this transmission programme.
The provider was asked to file an affidavit stating that the transmission project execution should not be delayed time needed for statutory clearances and the transmission service agreement. According to CERC, unless revoked earlier, the transmission license is valid for 25 years from the date of issuance.
On May 9, 2022, the Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022 were notified. The price of Certificates shall be as discovered in the Power Exchange(s) or as mutually agreed between eligible entities and the electricity traders.