GIFT Power Company Limited (GIFT PCL), the electricity distribution licensee serving the Domestic Tariff Area and Special Economic Zone of GIFT City in Gandhinagar, Gujarat, has filed an amended petition before the Gujarat Electricity Regulatory Commission (GERC) seeking relief from its Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO) deficits for financial year 2024–25.
GIFT PCL had initially filed Petition No. 2575 of 2025 on November 20, 2025, assessing its RPO compliance under the GERC regulations applicable at that time. Under the earlier framework, the company’s RPO target was 20.70%, equivalent to 12.042 million units (MUs) against its total power purchase.
The company reported renewable energy procurement of 15.401 MUs, representing 26.47% of its power purchase. This resulted in an RPO surplus of 3.359 MUs. GIFT PCL had requested GERC to adjust 2.493 MUs of this surplus against its shortfall from FY 2019–20 and allow the remaining 0.866 MUs to be carried forward to FY 2025–26.
During a hearing held on May 15, 2026, GERC directed the company to update its petition in accordance with the GERC (Procurement of Energy from Renewable Sources) Regulations, 2025. The direction was subsequently issued through a Daily Order dated May 30, 2026.
The 2025 regulations, notified on August 12, 2025, prescribed a higher RPO target of 29.91%, equivalent to 18.273 MUs, based on total energy consumption of 61.114 MUs, including transmission and distribution losses. The framework also introduced an ESO requirement of 1%, equivalent to 0.611 MUs.
Under the revised accounting methodology, GIFT PCL’s renewable energy accounting stood at 15.047 MUs, or 24.62%. This included 12.35 MUs procured through the Green Day-Ahead Market and Green Term-Ahead Market on the Indian Energy Exchange, 1.089 MUs from consumer net-metered solar systems, and 2.808 MUs generated from its 2.50 MW captive solar plant. Waste-to-energy attributes allocated by Gujarat Urja Vikas Nigam Limited were also considered, after accounting for green tariff power sold to consumers.
As a result, GIFT PCL recorded an RPO deficit of 3.226 MUs, equivalent to 5.29%, along with an ESO deficit of 0.611 MUs.
In its amended submission dated June 5, 2026, GIFT PCL requested GERC to revise the applicable targets and provide exemption from the reported deficits. The company argued that the revised regulatory framework was notified after FY 2024–25 had already ended.
GIFT PCL has also outlined measures for future compliance, including a 9.90 MW hybrid wind-solar Power Purchase Agreement, a planned 10 MW/20 MWh battery energy storage system, and procurement of 10 MW of firm and dispatchable renewable energy.
Following further directions issued on September 11, 2026, the company published public notices in three major newspapers on September 23, 2026, inviting stakeholder comments within 30 days as part of the regulatory proceedings.
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