CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Petition No. 513/TT/2025 Coram:

Shri Ramesh Babu V., Member Shri Harish Dudani, Member Date of Order: 17.03.2026 In the matter of:

Approval under Section 62 read with Section 79(1)(d) of the Electricity Act, 2003 and under the Regulation 15(1)(a) and Regulation 23 of 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 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 Asset: Establishment of 2x500 MVA, 400/220 kV Pooling Station at Banaskantha (Radhanesda) (GIS) along with 1X125 MVAR bus reactor, 2 numbers 400 kV line bays at Banaskantha (Radhanesda) (GIS) for inter-connection of Banaskantha (Radhanesda) Pooling Station-Banaskantha (PG) 400 kV D/C (twin AL59) line and 4 numbers 220 kV line bays at 400/220 kV at Banaskantha (Radhanesda) Pooling Station under “Supplementary Transmission System for Ultra Mega Solar Power Park (700 MW) at Banaskantha (Radhanesda), Gujarat” 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 Vs.

1. Madhya Pradesh Power Management Company Limited, Shakti Bhawan, Rampur, Jabalpur-482008.

2. Maharashtra State Electricity Distribution Company Limited, Hongkong Bank Building, 3^rd Floor, M.G. Road, Fort, Mumbai-400001.

3. Gujarat Urja Vikas Nigam Limited, Sardar Patel, Vidyut Bhawan, Race Course Road, Vadodara-390007.

4. Electricity Department, Government of Goa, Vidyut Bhawan, Panaji, Goa-403001.

5. Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited, 1^st and 2^nd Floor, Vidyut Bhawan, Silvassa, Dadra and Nagar Haveli-396230.

6. Chhattisgarh State Power Distribution Company Limited, P.O. Sunder Nagar, Dangania, Raipur, Chhattisgarh-492013 …Respondents Parties Present: Shri Zafrul Hasan, PGCIL Shri Angaru Naresh Kumar, PGCIL Shri Ranjeet Pandey, PGCIL Ms. Anshul Garg, PGCIL Shri Divyanshu Mishra, PGCIL Shri Yatin Kalra, PGCIL

ORDER

The instant Petition has been filed by Power Grid Corporation of India Limited (PGCIL) for truing-up of the transmission tariff for the 2019-24 period, in accordance with 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 transmission tariff for the 2024-29 period under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024 (hereinafter referred to as “the 2024 Tariff Regulations”) for the following assets (hereinafter referred to as “the transmission asset/Combined Asset”) under “Supplementary Transmission System for Ultra Mega Solar Power Park (700 MW) at Banaskantha (Radhanesda), Gujarat” (hereinafter referred to as the “transmission project”) in the Western Region:

4 numbers 220 kV line bays at 400/220 kV at Banaskantha (Radhanesda) Pooling Station

2. The Petitioner has made the following prayers in the instant 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 15 and 16 above.

b) Admit the capital cost claimed, and additional capitalization incurred during 2019-

24 and de cap in 2024-29 tariff 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