Juniper Green Gets CERC Nod For Power Trading Licence

Juniper Green Gets CERC Nod For Power Trading Licence

Juniper Green Power Trading Private Limited, a subsidiary of Indian renewable energy company Juniper Green has now received approval from the Central Electricity Regulatory Commission (CERC) for starting power trading. This comes after the company approached the central power regulatory to get its nod. 

In accordance with Regulation 3(3) of the Trading Licence Regulations, a person applying for a Category ‘V’ trading licence should have a net worth of Rs. two crores and should have maintained a minimum current ratio and liquidity ratio of 1:1 as on the date of Audited Special Balance Sheet accompanying the application. 

“As per the Special Balance Sheet submitted by the Petitioner as on 10.6.2024, the Petitioner possesses the required net worth, current ratio, and liquidity ratio for the grant of a Category “V” trading licence. Accordingly, the Commission, vide order dated 1.8.2024, came to the conclusion that the Petitioner is prima facie qualified for the grant of a Category “V” licence for inter-State trading in electricity,” the CERC order said.

In its last hearing, the CERC had asked the petitioner to publish public notices for seeking any objection to the proposal. “The learned counsel for the Petitioner submitted that no objection had been received in response to the public notice published by the Commission under sub-Section (5) of Section 15 of the Act. He further submitted that the Petitioner’s company would comply with the requirements specified in the Trading Licence Regulations during the subsistence of the trading licence, i.e., till 25 years if granted,” the order said.

As per the mandate of the CERC, the company can now take up the power trading works through its subsidiary, even with Inter-State Transmission System (ISTS).

In its final written order, the CERC said, “On consideration of the materials on record, we are satisfied that the Petitioner company meets the requirements of the Act and the Trading Licence Regulations for the grant of an inter-State trading licence for a Category ‘V’. Accordingly, we direct that the Petitioner, Juniper Green Power Trading Private Limited, be issued a Category ‘V’ licence for inter-State trading in electricity in the whole of India.”