THE CENTRAL ELECTRICITY REGULATORY COMMISSION
Petition No.24/2000 IA No.20/2000
the matter of
for purchase of power by PTC
from HIRMA Mega Power Project and sale of such power on back to
back basis to SEBs .
the matter of :
M/s. Power Trading Corporation of India Ltd.,
M/s. Southern Energy Asia -Pacific Ltd.,
following were present :-
Shri R.K.Mehta, Advocate
has filed an affidavit at the hearing today, reiterating the names of
three independent expert institutions, namely, CEA, ASCI and IGIDR,
already nominated by it.
In addition, in view of the directions received from Ministry of
Power vide letter dated 19.6.2000, the petitioner has nominated following
two additional expert institutions:
2. Ms. Mamta Tiwari, Advocate for respondent No.1 has also filed an
application proposing the following names as financial experts:
3. We have heard Shri R.K. Mehta, learned counsel for the petitioner
and Shri Parag P.Tripathi , Sr.Advocate for respondent No.1.
We have also heard the representatives of Rajasthan State
Electricity Board, Punjab State Electricity Board, Haryana Vidyut Prasaran
Nigam Ltd. and Gujarat State Electricity Board present at the hearing.
It has been submitted by the representatives of SEBs that they
prefer appointment of
CEA as the consultant for the reason that it is an independent
It has been further submitted on their behalf that in case it is
not possible to engage CEA for this job, the task may be entrusted to an
As such the SEBs have no objection to the appointment of SBI
Capital Markets Limited, in case CEA could not be assigned the job.
At the hearing on 13th June, 2000, it was agreed that
the experts to be appointed should not have any past association with the
project. It has been brought to our notice that CEA was actively involved
with the deliberations of the Tariff Committee on tariff for Hirma Thermal
In view of this background, it was agreed that SBI Caps. be
appointed as consultant.
We direct accordingly.
4. The petitioner has filed the proposed terms of reference for ready
reference. Respondent No.1 has proposed separately the terms of reference
for the expert.
We direct that the representatives of petitioner and respondent
No.1 shall discuss the matter with the staff of the Commission on 22nd
June, 2000 and finalise the terms of reference.
Based on the terms of reference, SBI Caps. shall be asked to submit
its quotation for the work.
5. SBI Caps may associate appropriate technical consultant preferably
the over-whelming objective is the effective discharge of the
functions as per the terms of reference and not their place of origin.
The Consultants shall evaluate the proposals of the petitioner and
shall simultaneously match them with the proposal of Respondent No.1 in
arrive independently at the most competitive tariff and terms and
They will endeavour to achieve this by consensus between all
parties. The function of the Consultant shall be to assist the Bench in
assessing the rival contentions of the parties.
6. SBI Caps shall submit their quotation by 30th June, 2000
and the parties shall obtain approval of costs by competent authorities by
5th July, 2000 and inform the Commission of the approvals.
The Consultants shall take up the work immediately thereafter and
shall submit their report latest by 25th August, 2000.
The Consultant shall also report to the Commission on the progress
made from time to time on weekly basis.
A Copy of this order shall be served
on SBI Caps Ltd.
7. We also advise the petitioner and the SEBs concerned to explore the feasibility and viability of the transmission arrangements for this proposed project.
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