SERENE PROPERTIES PVT. LTD Vs. STATE

JUDGEMENT

(1.) M/s. Serene Properties Pvt. Ltd. (SPPL) has filed a Petition on 7 October, 2014 for approval of Power Purchase Agreement (PPA) and adoption of tariff in respect of its Special Economic Zone (SEZ). The tariff has been discovered through a transparent process of bidding, in terms of Section 63 of the Electricity Act (EA), 2003 and the Guidelines for Short -term Procurement of Power by Distribution Licensees through Tariff based Bidding Process, for procurement of 12 MW power for one year from November 1, 2014 to October 31, 2015. SPPL's prayers are as follows:

(2.) "...the Honble Commission may be pleased to: i. Note the document on the conformity of the bid process to the Standard Bidding Process issued by the Bid Evaluation Committee, which is annexed hereto and marked as Annexure - VIII. ii. Approve the PPA entered into by the Petitioner with M/s. Global Energy Pvt. Ltd. dated July 10, 2014, based on the competitive bidding carried out in accordance with ,,Guidelines for short -term (i.e. for a period less than or equal to one year) Procurement of Power by Distribution Licensees through Tariff based bidding process published by Ministry of Power, Government of India, dated May 15, 2012. iii. Approve the adoption of tariff for procurement of power by the Petitioner according to the PPA mentioned above. iv. Condone the delay of 81 days in bidding process, from publication of RfP to signing of PPA, as compared to time stipulated in the standard bidding guidelines... "

(3.) The Petition states that: