The application was 300 MW each for its Fatehgarh-III and IV solar projects. ACME requested a review of the obligation on an LTA applicant to provide a bank guarantee for the construction phase, which already has an electricity purchase contract (AAE). (a) cancel the notification by the PGCIL of the signing of the long-term access and transmission services contract within 15 days of the date of the notices, i.e. until 20 January 2018; In several cases of wind and solar projects awarded in the context of tenders, AAEs are signed with intermediary agencies such as the Solar Energy Corporation of India (SECI) or NTPC, which are themselves received by the beneficiaries of the “back-to-back EPI”. In cases where the AAE has been signed by an intermediary agency such as SECI or NTPC with the LTA applicant, it should be supported by a return electricity sales contract (EPI) with the beneficiaries, in order to establish a clear connection for the power supply of the beneficiaries by the plant. Psa`s signature is of greater importance due to the removal of AAEs on a few occasions due to PSA`s non-signature. This case has made three Adani projects – a 500 MW wind project, a 1,000 MW wind project and another 750 MW solar project. AGEL had submitted a long-term open access (LTA) and transmission service agreement (ASD) request to GGICL for these projects. AGEL had also submitted bank guarantees for these applications. (b) directly allow the PGCIL to provide an appropriate extension of less than six months for the signing of the LTA and TS agreements; Recently, PGCIL requested offers for the installation of transport systems to evacuate electricity from solar areas in Rajasthan. The invitation was launched as part of Phase II, Part A of the transmission programme for the evacuation of electricity from the solar zones of Rajasthan (8.1 GW). .
In addition, PGCIL submitted that the bank guarantee for the construction phase was primarily necessary to cover the risk of an intergovernmental transmission license during the construction phase of the generators (for which a transmission network is being built), since the AAEs will not be operational until after the project is commissioned. The signing of the AAE therefore does not reduce the risk of delay, failure, withdrawal, abandonment or renunciation of the LTA for holders of an interstate transmission license during the construction phase of the generators. With regard to the bank guarantee filed by AGEL, the CERC`s decision was as follows: . In the event that an application for BG or the BG CONSTRUCTION phase is submitted by the LTA applicant to the extent of BG, BG is referred to that LTA applicant based on the amount for which EEAs or EPIs have been signed with beneficiaries and submitted to the central transport network. . After reviewing all the information and discussions between the two parties, the Commission issued the following judgments: Power Grid Corporation of India Limited (PGCIL) submitted an immediate request to the Central Electricity Regulatory Commission (CERC) to clarify the exemption from the bank guarantee of construction phase banks (BG) for an applicant meeting the long-term access exemption (LTA) criteria. Print Judgment is a premium feature. Please update by clicking on the button below. . .
. After analysing the arguments of AGEL and PGCIL, the Commission rejected AGEL`s application with the following: Previously, CERC granted a transmission license to Powergrid Bhuj Transmission Limited (PBLT) to build transmission systems for 2 GW of renewable energy projects in Gujarat. PBLT is a subsidiary of PGCIL.