Maharashtra Electricity Regulatory Commission (MERC) recently passed an order on Tata Power Company Limited seeking approval for change in the execution entity of 225 MW grid connected Wind-Solar Hybrid Power Projects from M/s Tata Power Green Energy Limited (TPGEL) a 100% subsidiary of The Tata Power Company Limited (TPCL) to M/s TP Saurya Limited (TPSL) another 100% subsidiary of The Tata Power Company Limited.
TPC-D’s main prayers were a) To approve the change in execution entity of 225 MW grid connected Wind-Solar Hybrid Power Projects from TPGEL to TP Saurya Limited. b) Condone any inadvertent omissions/errors/shortcomings and permit Tata Power-D to add/change/modify/alter this filing and make further submissions as may be required at a future date.
TPC-D has further stated that like TPGEL, TPSL is meeting the technical and financial bidding requirements and TPSL has agreed to undertake all obligations specified in RfS to execute the project at the same terms and conditions as those applicable to TPGEL.
The Commission noted that while submitting the Petition, TPC-D in its forwarding letter of the Petition has clearly stated that as RfS does not provide for transfer of execution right to an Affiliate, hence TPC-D is filing the instant Petition for changes in the provisions of RfS for change in the execution entity.
Commission orders that modification to RfS is only possible before bid submissions and under such circumstances and it added that sufficient time needs to be given to prospective bidders to study such change.
The Commission concluded by not approving the change in executing the entity of 225 MW grid connected Wind-Solar Hybrid Power Projects from TPGEL to TPSL.
To know more about the order refer to the document below:
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