Monthly RE update – September 2022

Monthly RE update – September 2022

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Tenders

  • In September 2022, 22 new renewable energy (RE) tenders with a cumulative capacity of 3,995 MW were issued. SECI issued a tender for selection of RE Power Developers for supply of 2250 MW of Round-the-Clock (RTC) power from RE Power Projects, complemented with Power from any other source or storage in India under RTC-III.
  • In addition, SECI floated a tender for setting up of 50 MW rooftop solar projects on Government buildings under RESCO mode.
  • GUVNL issued a tender for purchase of power from 600 MW solar power projects located in 600 MW solar park at khavda with greenshoe option of additional up to 600 MW.
  • MSEDCL floated a tender for procurement of power on long term basis from 500 MW solar power projects.
  • Tata Power Delhi Distribution Limited (TPDDL) floated 255 MW Wind-Solar Hybrid tender with greenshoe option of additional 255 MW Wind-Solar Hybrid power projects across Pan India.

Details of new RE tenders issued in September 2022

Source: JMK Research

New RFS Issued

Tender Name

Technology

Tender Scope

Capacity (MW)

Other Details

Minimum CUF

Commissioning timeline from PPA signing

Bid Submission Date

SECI, 2250 MW, RE with storage (RTC III), Pan India, Sep 2022

Hybrid

Project Development

2250

EMD – INR 1.27 million/MW

PBG – INR 1.84 million/MW

24 months

10th-Oct-2022

GUVNL, 600 MW, Solar (Phase XVII), Gujarat, Sep 2022

Utility Scale Solar

Project Development

600

EMD – INR 0.4 million/MW

PBG – INR 0.94 million/MW

17%

15 months

15th-Nov-2022

MSECL, 500 MW, Solar (Phase IX), Maharashtra, Sep 2022

Utility Scale Solar

Project Development

500EMD – INR 0.47 million/MW
 
PBG – INR 1.29 million/MW
19%15 months9th-Nov-2022

TPDDL, 255 MW, Wind Solar Hybrid, Pan India, Aug 2022

Hybrid

Project Development

255

EMD- INR 0.5 million/MW

PBG- INR 1 million/MW

30%

24 months

3rd-Oct-2022

Indore Municipal Corporation, 60 MW, Solar (EPC), Madhya Pradesh, Sep 2022

Utility Scale Solar

EPC

60

EMD- INR 15 millionPBG – 5% of the contract value

15 months

28th-Oct-2022

PEDA, 53.69 MW, Solar (Under KUSUM scheme Component C), Punjab, Sep 2022

Small Scale Solar

Project Development

53.69

EMD – INR 0.1 million/MW

PBG – INR 0.5 million/MW

9 months

7th-Oct-2022

SECI, 50 MW, Rooftop Solar, New Delhi, Sep 2022

Rooftop Solar

Project Development

50

EMD- INR 0.9 million/MW

PBG – INR 1.35 million/MW/Project

13.5%-15%

9 months-12 months

22nd-Nov-2022

UPNEDA, 50 MW, Rooftop Solar, Uttar Pradesh, Sep 2022

Rooftop Solar

RESCO

50

EMD- INR 0.4 million/MW

PBG – INR 1.2 million/MW

12 months

28th-Oct-2022

GSECL, 18 MW, Solar (EPC), Gujarat, Sep 2022

Utility Scale Solar

EPC

18

EMD – INR 7.2 million

PBG – 5% of the EPC contract price

12 months

7th-Oct-2022

PEDA, 16 MW, Solar (EPC), Punjab, Sep 2022

Utility Scale Solar

EPC

16

EMD – 16 million

PBG – 3% of the contract price

10 months

11th-Oct-2022

TSREDCO, 16 MW, Rooftop Solar, Telangana, Sep 2022

Rooftop Solar

RESCO

16

EMD- INR 1 million/MW

PBG- INR 2 million per MWp

17%

4 months

29th-Sep-2022

TCMPFL, 15 MW, Solar (EPC), Tamil Nadu, Sep 2022

Utility Scale Solar

EPC

15

EMD-INR 4.56 million

PBG- 7.8% of the contract value

17th-Oct-2022

UPNEDA, 15 MW, Rooftop Solar, Uttar Pradesh, Sep 2022

Rooftop Solar

CAPEX

15

EMD- 1% of the estimated cost

PBG- 3% of the contract’s total value

4 months

7th-Oct-2022

AUTL, 15 MW, Solar, Ladakh, Sep 2022

Utility Scale Solar

Project Development

15

EMD – INR 0.38 million

3 months

1st-Oct-2022

GSECL, 12 MW, Solar (EPC), Gujarat, Sep 2022

Utility Scale Solar

EPC

12

EMD – INR 4.8 million

PBG – 5% of the EPC contract price

12 months

7th-Oct-2022

GSECL, 11 MW, Solar (EPC), Gujarat, Sep 2022

Utility Scale Solar

EPC

11

EMD – INR 4.4 million

PBG – 5% of the EPC contract price

12 months

7th-Oct-2022

GSECL, 10 MW, Solar (EPC), (Amreli) Gujarat, Aug 2022

Utility Scale Solar

EPC

10

EMD – INR 4 million

PBG – 5% of the EPC contract price

12 months

15th-Sep-2022

GSECL, 10 MW, Solar (EPC), (Rajkot) Gujarat, Aug 2022

Utility Scale Solar

EPC

10

EMD – INR 4 million

PBG – 5% of the EPC contract price

12 months

15th-Sep-2022

GSECL, 10 MW, Solar (EPC), (Surendranagar) Gujarat, Aug 2022

Utility Scale Solar

EPC

10

EMD – INR 4 million

PBG – 5% of the EPC contract price

12 months


15th-Sep-2022

MSRDC, 9 MW, Solar (EPC), Maharashtra, Sep 2022

Utility Scale Solar

EPC

9

EMD- INR 0.47 million

PBG – 5% of the contract value

23%

9 months

4th-Oct-2022

NHDC, 8 MW, Solar (Under KUSUM Scheme Component C) (EPC), Madhya Pradesh, Sep 2022

Small Scale Solar

EPC

8

EMD- INR 6.5 million

PBG- 3% of the contract price

7 months

11th-Oct-2022

BPCL, 6 MW, Solar (EPC), Kerala, Sep 2022

Utility Scale Solar

EPC

6

EMD-INR 1 million

PBG- 3% of the total contract value

5 months

14th-Oct-2022

JREDA, 5 MW, Rooftop Solar, Jharkhand, Sep 2022

Rooftop Solar

5

EMD-INR 0.21 million

PBG- 10% of allotted price

4 months

10th-Oct-2022

PBG: Performance Bank Guarantee

EMD: Earnest Money Deposit

Source: JMK Research

Other announcements during the month were:

  • Uttar Pradesh Power Corporation (UPPCL) will soon invite bid to install 10 MW/40 MWh Battery Energy Storage System (BESS) in Uttar Pradesh under build own and transfer (BOOT) mode for a period of 12 years from the commercial operation date (COD). The scheduled commissioning date will be 18 months from the date of award. Bidders must submit an EMD and PBG of INR 0.7 million/MW per project and INR 1.11 million/MW per project respectively.
  • MAHAGENCO has invited an EOI for setting up solar power plants of cumulative capacity up to 600 MW in various regions of Maharashtra. 100 MW cumulative capacity each shall be allotted in Nagpur, Amravati, Aurangabad, Konkan, Nashik and Pune. Individual solar project capacity shall be 2 MW to 10 MW as per availability of substation connectivity. The bidder should submit the EMD of INR 0.1 million per MW in the form of Bank Guarantee for the capacity (MW) offered. The last date for bid submission is 19th October 2022.

Date Extensions

Tender Name

Technology

Tender Scope

Capacity (MW)

Other Details

Minimum CUF

Commissioning timeline from PPA signing

Bid Submission Date

REMCL, 1548 MW, Solar, Pan India, Jul 2022

Utility Scale Solar

Project Development

1548

EMD – INR 1 million/MWPBG – INR 1.6 million/MW

19%

18 months

4th-Nov-2022

REMCL, 1000 MW, RE with or without Storage, Pan India, Jul 2022

Hybrid

Project Development

1000

EMD – INR 0.98 million/MW

PBG – INR 2 million/MW

24 months

4th-Oct-2022

PSPCL, 1000 MW, Solar, Punjab, Apr 2022

Utility Scale Solar

Project Development

1000

EMD – INR 0.4 million/MWPBG – INR 1.18 million/MW

19%

18 months

3rd-Oct-2022

GUVNL 700 MW Phase IX Gujarat Mar 2021

Utility Scale Solar

Project Development

700

EMD – INR 0.4 million/MW

PBG – INR 0.94 million/MW

17%

15 months

29th-Oct-2022

GUVNL, 500 MW with 1000 MWh BESS (Phase-I), Gujarat, Aug 2022

Energy Storage System

Project Development

500 MW with 1000 MWh

EMD – INR 0.74 million/MWPBG – INR 1.11 million/MW

18 months

15th-Oct-2022

GUVNL, 500 MW, RE with 250 MWh ESS Phase (XV), Gujarat, Jun 2022

Hybrid

Project Development

500 with 250 MWh ESS

EMD – INR 1 million/MW

PBG – INR 2.5 million/MW

Wind – 22% Solar – 17% Hybrid – 30%

18 months

1st-Nov-2022

MSEDCL, 250 MW, RE with ESS Tranche VII, Maharashtra, Aug 2022

Hybrid

Project Development

250

EMD – INR 0.89 million/MW

PBG – INR 3.54 million/MW

19%

30 months

3rd-Oct-2022

Source: JMK Research

Auctions Completed

Auctions were concluded for 1250 MW solar projects by MSEDCL and GUVNL in September 2022. While RUMSL completed the auction of its first Wind-Solar hybrid tender of 750 MW in Madhya Pradesh.

Winners in the latest RE auctions

Source: JMK Research

Tender Name

Capacity tendered (MW)

Capacity allotted (MW)

Minimum CUF

Commissioning Timeline

Winners Details

MSEDCL, 500 MW, Solar Phase VIII Tranche VI, Maharashtra, Jun 2022

500

500

19%

15 months

• NTPC – 200 MW (INR 2.82/kWh)
• Avaada – 300 MW (INR 2.83/kWh)

GUVNL, 750 MW, Solar (Phase XVI), Gujarat, Jul 2022

 

750

750

17%

18 months

•  Solarcraft Power India 2 Private Ltd (Blupine Energy)-120 MW (INR 2.49/kWh)
• Solairedirect Energy India Private Ltd (Engie)-200 MW (INR 2.50/kWh)
• Tata Power Renewable Energy Limited-300 MW (INR 2.65/kWh)
• Utkrrisht Solar Energy Private Limited (UPC Renewables)- 130 MW (INR 2.66/kWh

RUMSL, 750 MW, Wind Solar Hybrid, Madhya Pradesh, Apr 202

750

750

30%

• Sprng Ojas Private Limited-160 MW (INR 3.03/kWh)
• Tata Power Renewable Energy Limited-200 MW (INR 3.03/kWh)
• ReNew Solar Power Private Limited-300 MW (INR 3.03/kWh)
TEQ Green Power IX Private Limited (O2 Power)- 90 MW (INR 3.04/kWh)

Source: JMK Research

Installed Capacity

India added a cumulative RE capacity of 11077.97 MW in the first eight months of 2022. In the month of August 2022, 1640.25 MW of solar and wind capacity was added.

RE installations in August 2022

Source: MNRE, JMK Research
Note: Solar includes utility scale solar, rooftop solar and off grid/distributed solar segments

State wise solar and wind installed capacity in August 2022

Rajasthan added the maximum solar capacity of 372 MW in India followed by Chhattisgarh (269 MW) and Maharashtra (163 MW) in August 2022. In terms of wind installations, Gujarat installed the highest wind capacity of 269 MW in the country in August 2022 followed by Karnataka with 38 MW.

State wise solar and wind installed capacity in August 2022

Source: MNRE, JMK Research
Note: Solar includes utility scale solar, rooftop solar and off grid/distributed solar segments

Recently Commissioned RE projects

Developer

Technology

Tender Name

AC Capacity (MW)

Tariff (INR/kWh)

State

Adani Green Energy

Hybrid

SECI, 1200 MW, Hybrid, ISTS-Tranche II, May 2019

600

2.69

Rajasthan

Adani Green Energy

Wind

SECI Pan India 1200 MW VI Feb-19

325

2.83

Madhya Pradesh

Adani Green Energy

Wind

SECI Pan India 1,200 MW V, Sep-2018

251

2.76

Gujarat

Avaada

Solar

NHPC 2000 MW Solar Pan India Aug 2019

250

2.56

Rajasthan

NTPC Limited

Solar

SECI 1500 MW Solar CPSU II Tranche II Pan India Aug 2019

150

Rajasthan

Hindalco

Solar

25

Madhya Pradesh

NTPC

Solar

SECI 1500 MW Solar CPSU II Tranche II Pan India Aug 2019

10

Gujarat

Shree Cements

Solar

4

Haryana

Inox Wind

Wind

3.3

Gujarat

Hitachi Astemo

Solar

3

Maharashtra

Pickrenew Energy

Solar

1.8

Madhya Pradesh

Kalpa Power

Rooftop Solar

1.12

Maharashtra

Source: Industry news articles, JMK Research

Other key announcements that were made during the month were:

  • SJVN is planning to develop 5000 MW renewable energy projects through solar projects, canal top solar projects and floating solar projects across the state, by way of Joint Ventures formation, MoUs etc.
  • In addition, SJVN has entered into an EPC contract for 100 MW solar power project at Raghanesda in Gujarat with Tata Power Solar Systems Limited. This INR 612.71 crores contract includes end to end delivery of the commissioned solar plant to SJVN. SJVN had secured this project at a tariff of INR 2.64/kWh. The project is scheduled to be commissioned in the year 2023.
  • Amazon announced its first utility-scale renewable energy projects in India – three solar farms located in Rajasthan. These include a 210 MW project to be developed by ReNew Power, a 100 MW project to be developed by Amp Energy India, and a 110 MW project to be developed by Brookfield Renewable. Additionally, Amazon announced 23 new solar rooftop projects on its fulfilment centers across 14 cities in India, which have the capacity to generate an additional 4.09 MW of renewable energy.
  • The Chandigarh Municipal Corporation is all set to install four solar power plant projects at its facilities. These projects will be developed at a cost of over INR 11 crore.
  • KPI Green Energy has signed new long-term power purchase agreements (PPAs) with J. Korin Spinning, J B Ecotex, Oriilon India, Jay Bharat Metcast, Kiri Industries, and Cheminova india for sale of 15.88 MW wind-solar hybrid power projects. The power will be supplied from their upcoming wind-solar hybrid power project of 16.10 MW (comprising 16.10 MW wind and 10 MWdc, solar capacity) in Gujarat, under the Gujarat Hybrid Power Policy 2018.
  • Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4 MWp on-site solar project at Tata Motors’ Pune commercial vehicle manufacturing facility.
  • Tata Power Solar Systems Limited (TPSSL), has also received the Letter of Award (LoA) of INR 596 crore for setting up a 125 MWp floating solar project from NHDC Limited (NHDC). NHDC, had invited bids early this year for this project at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh. The project will be commissioned within 13 months from the date of letter of award and will provide sustainable power to M. P. Power Management Company Limited.
  • Tata Power Renewable Energy Limited (TPREL), has collaborated with the leading Indian Stainless-Steel manufacturer – Viraj Profile Private Limited, to set up a 100 MW captive solar plant. The plant will be developed by Tata Power at Nandgaon at its Nasik site. The project will get commissioned by July 2023. As per captive generation rules, Tata Power will own 74% of the generation while Viraj Profile Pvt. Ltd will own the remaining 26%.

Monthly RE Generation

Renewable energy sources generated 15201.94 MU in September 2022, down by 9.8% from August 2022. Solar generation increased by 10.6% while wind generation decreased by 27.3% on month-on-month basis in September 2022.

Source-wise Renewable Energy Generation (MU) – India

Source: CEA, JMK Research

monthly RE

Investments/ Deals

In September 2022, about $2.34 billion was invested in the RE sector. The Key investments during the month were:

  • Sembcorp Energy India Limited (SEIL) announced that it will be acquired by Tanweer Consortium, a newly formed entity formed for purchase by Oman Investment Corporation, Ministry of Defense Pension Fund, Oman, and Dar Investment SPC. Sembcorp Utilities has signed a share purchase agreement to sell 100% of the shares of Sembcorp Energy India.
  • KKR and Hero Group have agreed to invest $450 million in Hero Future Energies (HFE). This investment will help HFE to expand its renewable energy capacity and capabilities across technologies such as solar, wind, battery storage, and green hydrogen.
  • Mahindra Group and Ontario Teachers’ Pension Plan Board have signed binding agreements through which Ontario Teachers’ will acquire a 30% equity stake in Mahindra Susten Private Limited at an equity value of INR 2,371 crore (~USD 300 million).

Company Name

Deal Type

Sector

Investor

Deal Value

Stakes Acquired

Sembcorp Energy India Limited

Acquisition

Renewable

Tanweer Consortium

$1.43 billion

100%

Hero Future Energies

Equity

Renewable

KKR and Hero Group

$450 million

Mahindra Susten

Equity

Renewable

Ontario Teachers’ Pension Plan Board

$300 million

30%

Apraava Energy

Equity

Renewable

CDPQ Infrastructures

$82.6 million

10%

Serentica Renewables (SPV of Sterlite Power)

Equity

Renewable

Hindustan Zinc

$42.88 million

26%

SenseHawk

Acquisition

Solar

Reliance Industries

$32 million

79.4%

Clean Max Kratos

Equity

Renewable

UPL Ltd

$4.96 million

26%

Navitas Alpha Renewables Private Limited

Equity

Solar

Niveshaay with the participation of Action Tesa Group, Madhusudan Sarda, IVY Growth Associates and others

$0.86 million

Source: Industry news articles, JMK Research

Other important announcements that were made during the month were:

  • Virescent Infrastructure is planning to acquire about 100 MW of solar power portfolio from Jakson Group for around INR 400 crore. The portfolio includes three operational solar projects in Uttar Pradesh and Rajasthan.
  • The Competition Commission of India (CCI) has approved acquisition of the share capital of 18 subsidiaries of Mytrah Energy (India) by JSW Neo Energy, a subsidiary of JSW Energy Ltd. With this acquisition, JSW Neo Energy will acquire an operational renewable portfolio of 1,753 MW for INR 10,530 crore.
  • Adani Group will invest $100 billion over the next decade, primarily in new energy and digital space that includes data centres. About 70% of this investment will be in the energy transition space. The ports-to-energy conglomerate will add 45 GW of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser.
  • Goldi Solar is planning to invest INR 5,000 crore by 2025 to expand its module manufacturing capacity to 6 GW. At present, the total module manufacturing capacity of its plants in Gujarat is 2.5 GW.
  • Greenko and JSW Groups have proposed to invest nearly INR 19,000 crore in Uttar Pradesh’s green energy sector.
  • O2 Power is planning to invest $2.5 billion to achieve more than 4 GW of operational assets.
  • Japan is planning to bring in companies in non-conventional sectors such as renewable energy, digital technologies and healthcare to invest in India and South Asia. Japan pledges to invest $42 billion in India, pointed to electronics and digital technologies as key area for investment. Another focus area would be renewable technologies.
  • Reliance Power Ltd (RPL) is planning to raise INR 933 crore by offloading a 15% stake in VFSI Holdings. RPL has a portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating portfolio of 5,945 MW. The last date for bid submission is 19 October 2022.
  • Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October 2022 to raise INR 740 crore to fund its expansion plans.
  • SAEL is planning to raise INR 1,500-crore through bond issue. It has hired investment bank Barclays and law firm Khaitan & Co as advisers on the issue. The rupee bond issue is for meeting funding requirements for a capex plan of INR 10,000 crore that the company has, which will be spread over the next two years. The company is planning to build 1 GW solar and waste-to-energy facilities in several states.
  • Suzlon is planning to raise INR 1,200 crore through issuance of 240 crore shares with face value of INR 2 each at an issue price of INR 5 per share.
  • Inox Wind will be infusing around INR 800 crore by subscribing to debt as part of deleveraging. The debt placement with promoters will be carried out on a private placement basis. The debt issuance will be carried out by two promoter group entities – Inox Leasing & Finance up to Rs 600 crore and Inox Wind Energy up to Rs 200 crore.
  • NTPC Renewable Energy incorporated Green Valley Renewable Energy Limited in 51:49 Joint Venture with Damodar Valley Corporation to develop, operate and maintain renewable energy parks and projects.
  • Brookfield Asset Management is in discussions with Greenko to invest at least $1 billion in the company. Greenko’s initiatives include pumped hydro storage infrastructure, green hydrogen for industrial usage and ammonia as well as a cloud-based intelligent energy platform.

GTAM Traded Volume

The IEX and PXIL together traded a total of 151.6 MU in GTAM in September 2022, which is 9.65% lower than the volume traded in August 2022. The average trade price in IEX-GTAM for September 2022 was INR 5.79/kWh, while for PXIL it was INR 5/kWh. This is about 9.5% and 3.4% higher than the previous month’s prices.

GTAM traded volume and average traded price trend

Source: IEX, PXIL, JMK Research

Comparing on m-o-m basis, price for global mono PERC modules have decreased by 1.89% in September 2022.

Solar modules price trends

Source: PVInfoLink, JMK Research

Average prices for domestic modules

JMK Research carried out price survey from domestic suppliers for September 2022 and as per the responses received, the all-inclusive domestic module prices till project site (including freight charges, GST etc) for various categories are: 

  • The price for mono PERC 440 Wp modules have not increased in September 2022 compared to that in August 2022.
  • While the price for mono PERC 500 Wp modules was INR 32.05/Wp, down by around 1.23% as compared to INR 32.04/Wp in August 2022.
  • The price for Polycrystalline 330 Wp modules was INR 28/Wp, which is about 2.56% higher than the previous month’s price.

The domestic solar module manufacturers further expects that the domestic module prices will increase by about 3% in November 2022.

Source: JMK Research

Note: Domestic module prices are all inclusive prices till project site including freight charges, GST, etc

Policies and Regulations

Central

Policy Name

Issuing Agency

Date of Issue

CERC extends INR 12 per unit price ceiling in all market segments of power exchanges by three more months till December 2022

CERC

29th-September-2022

MoP provides directions to RLDCs for Scheduling of power under the RE bundling scheme

MoP

28th-September-2022

MoP issued amendment to the scheme for flexibility in generation and scheduling of thermal/ hydro power statins through bundling with RE and Storage Power

MoP

28th-September-2022

MNRE issued a draft Quality Control Manual for Grid Connected Rooftop Solar PV System

MNRE

20th-September-2022

MoP extends the date for submitting comments on draft electricity (amendment) rules, 2022

MoP

15th-September-2022

MNRE allows part commissioning of ISTS connected solar power projects in lots which are not less than 10 MW

MNRE

14th-September-2022

CERC rejects Avaada’s request to extend the start date of medium-term open access for a solar project

CERC

9th-September-2022

India submits updated NDC to UNFCCC specifying targets for 2030

Government of India

31st-August-2022

MoP issued amendments to the guidelines for procurement of round-the clock power from a mix of renewable and other sources including storage

MoP

26th-August-2022

MoP issued Guidelines for Procurement of Power from RE Projects for utilisation under scheme for flexibility in Generation and Scheduling of Thermal/ Hydro Power Stations through bundling with Renewable Energy and Storage power

MoP

26th-August-2022

State

Policy Name

Issuing Agency

Date of Issue

BERC issued the draft (Renewable Purchase Obligation, its compliance and REC Framework Implementation) (4th Amendment) Regulations, 2022

BERC

1st-September-2022

CSERC issued guidelines for group net metering and virtual net metering for RE

CSERC

1st-September-2022

HERC allows HPPC to carry forward RPO backlogs till March 2023

HERC

19th-September-2022

MERC directed to pay late payment surcharge to Enel Wind Project

MERC

15th-September-2022

Maharashtra allow DISCOMs to procure power from exchange-linked contracts

MERC

15th-September-2022

Madhya Pradesh issues draft amendments to its open access regulations

MPERC

1st-September-2022

Maharashtra commission extends scheduled commissioning date for a 350 MW solar project

MERC

24th-August-2022

RERC issued retail tariff order for FY 2023

RERC

1st-September-2022

RERC allows change in rates of Safeguard Duty, BCD and GST as ‘Change in Laws’ events

RERC

31st-August-2022

TNERC issued retail tariff order for FY 2023

TNERC

9th-September-2022

West Bengal issues new open access regulations

MERC

1st-August-2022

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