CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Petition No. 923/TT/2025 Coram:

Shri Ramesh Babu V., Member Shri Harish Dudani, Member Date of Order: 09.03.2026 In the matter of:

Approval under Section 62 read with Section 79(1)(d) of the Electricity Act, 2003 read with Regulation 15(1)(a) and Regulation 23 of the Central Electricity Regulatory Commission (Conduct of Business) Regulations, 2023 for truing up of the transmission tariff for the 2019-24 tariff period under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2019 and the determination of the transmission tariff for the 2024-29 tariff period under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024 for the 1x1500 MVA, 765/400 kV ICT at the Vindhyachal Pooling Station along with associated bays, under “Transmission System associated with Vindhyachal-V (500 MW) Project of NTPC (Part A)” in the Western Region.

And in the matter of:

Power Grid Corporation of India Limited, “Saudamini”, Plot No. 2, Sector-29, Gurgaon-122001 (Haryana).

…Petitioner Versus

1. Madhya Pradesh Power Management Company Limited, Shakti Bhawan, Rampur, Jabalpur – 482 008.

2. Maharashtra State Electricity Distribution Company Limited, Hongkong Bank Building, 3^rd Floor, M.G. Road, Fort, Mumbai – 400 001.

3. Gujarat Urja Vikas Nigam Limited, Sardar Patel Vidyut Bhawan, Race Course Road, Vadodara – 390 007.

4. Electricity Department, Government of Goa, Vidyut Bhawan, Panaji, Near Mandvi Hotel, Goa – 403 001.

5. DNH and DD Power Corporation Limited, 1^st & 2^nd floor, Vidyut Bhavan Silvassa – 396 230, DNH.

6. Chhattisgarh State Power Distribution Company Limited, P.O. Sunder Nagar, Dangania, Raipur, Chhattisgarh – 492 013.

7. NTPC Limited, NTPC Bhawan, Core-7, Scope Complex, 7, Institutional Area, Lodhi Road, New Delhi-110 003 …Respondent(s)

Parties Present: Shri Zafrul Hasan, PGCIL Shri Angaru Naresh Kumar, PGCIL Shri Vivek Kumar, PGCIL Shri Vishal Sagar, PGCIL Ms. Supriya Singh, PGCIL Shri Arjun Malhotra, PGCIL Shri Mukesh Bhakar, PGCIL Shri Divyanshu Mishra, PGCIL Shri Anshul Garg, PGCIL Shri Amit Yadav, PGCIL Shri G Vijay, PGCIL Shri Ashish Agarwal, PGCIL Shri Yatin Kalra, PGCIL Shri Ashish Aggarwal, PGCIL Shri Ranjeet Pandey, PGCIL

ORDER

The instant Petition has been filed by Power Grid Corporation of India Limited (hereinafter referred to as “the Petitioner / PGCIL”), for the truing-up of the transmission tariff for the 2019-24 tariff period, under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2019 (hereinafter referred to as “the 2019 Tariff Regulations”), and for the determination of the transmission tariff for the 2024- 29 tariff period under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024 (hereinafter referred to as “the 2024 Tariff Regulations”) with respect to the 1x1500 MVA, 765/400 kV ICT along with associated bays at Vindhyachal Pooling Station (hereinafter referred to as “the transmission asset”) under “Transmission System associated with Vindhyachal-V (500 MW) Project of NTPC (Part-A)” (hereinafter referred to as “the transmission project”) in the Western Region.

2. The Petitioner has made the following prayers in this Petition:

a) Approve the trued-up Transmission Tariff for 2019-24 block and transmission tariff for 2024-29 block for the assets covered under this petition, as per para 14 & 15 above.

b) Approve the Additional capitalization claimed for 2019-24 block.

c) Allow the Petitioner to recover the shortfall or refund the excess Annual Fixed Charges, on account of Return on Equity due to change in applicable Minimum Alternate/Corporate Income Tax rate as per the Income Tax Act, 1961 (as amended from time to time) of the respective financial year directly without making any application before the Commission as provided in Tariff Regulations 2019 and Tariff Regulations, 2024 as per para 14 & 15 above for respective b