The Central Electricity Regulatory Commission (CERC), in accordance with the guidelines on import and export of electricity issued by the Ministry of Power earlier this year, has announced that it has released new guidelines for the smooth cross border trade of electricity.
These regulations will smear to the partaking entities in India and neighboring countries which are involved in cross-border trade of electricity with India. Cross-border trade of power between India and the neighboring countries will be permissible through mutual agreements between Indian entities and entities of the neighboring countries under the inclusive framework of CERC (Cross Border Trade of Electricity Regulations), 2019.
In case of three-party agreements, the cross-border trade of electricity across India will be permissible under the inclusive framework of two-pronged agreements signed between Government of India and the governments of the particular neighboring countries of the participating entities.
The Ministry of Power will be accountable for designating an authority to aid the process of approval and laying down the procedure for import and export of electricity. The elected authority will coordinate with any authority nominated by the concerned neighboring countries for all purposes related to cross border trade in electricity.
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