CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Petition No. 27/TL/2026 Coram:

Shri Jishnu Barua, Chairperson Shri Ramesh Babu V., Member Shri Harish Dudani, Member Shri Ravinder Singh Dhillon, Member Date of Order: 9^th May, 2026 In the matter of Application under Section-14, 15, 79(1)(e) of the Electricity Act, 2003 read with the Central Electricity Regulatory Commission (Procedure, Terms and Conditions for Grant of Transmission License and other related matters) Regulations, 2024 with respect to Grant of Transmission License to KPS III HVDC Transmission Limited.

And In the matter of

1. Adani Energy Solutions Limited, Adani Corporate House, Shantigram Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad -382421 …Petitioner

2. KPS III HVDC Transmission Limited, C-105, Anand Niketan, New Delhi 110021. .... Co - Petitioner Versus

1. Central Transmission Utility of India Limited, Plot No. 2, Sector 29, Gurugram, Gurgaon – 122001, Haryana. 2. PFC Consulting Limited, Urjandhi, 1, Barakhamba Lane, Connaught Place, New Delhi - 110001.

3. Madhya Pradesh Power Management Company Limited Block No. – 11, Ground Floor, Shakti Bhavan, Vidhyut Nagar, Rampur, Jabalpur – 482008, Madhya Prade