CERC Approves Transmission Tariff for SJVN Transmission’s Bikaner–Moga Project
Case Overview
- Petitioner: SJVN Transmission Limited (STL), a wholly owned subsidiary of SJVN Ltd.
- Subject: Approval of transmission tariff under the CERC (Terms and Conditions of Tariff) Regulations, 2019.
- Project: Transmission system for evacuation of 2 GW solar power from Bikaner (Phase-II), Rajasthan under Phase-II Part-B.
- Order Date: 25 July 2025
- Coram: Chairperson Jishnu Barua; Members Ramesh Babu V., Harish Dudani, Ravinder Singh Dhillon
Project Details
- Key Transmission Assets:
- 400 kV D/C Bikaner–Bikaner-II line (~20 km)
- 765 kV D/C Bikaner–Moga line (~550 km)
- Associated bays and substation works at Bikaner and Moga
- Commercial Operation Date (COD): 29 June 2023
- Scheduled COD (SCOD): 1 July 2023
Tariff Determination
- STL applied for approval of annual transmission charges (ATC) for 25 years.
- CERC reviewed capital costs, IDC (Interest During Construction), IEDC (Incidental Expenditure During Construction), debt–equity ratio (70:30), and working capital.
- Petitioner’s Claim: ₹616.89 crore ATC
- CERC Approval: ₹607.54 crore ATC
- Disallowances were made on IDC/IEDC after prudence check.
Regulatory Process
- CTUIL confirmed successful completion and integration into the ISTS.
- RLDC certified COD.
- CEA clearance and Grid Code compliance were established.
- No public notice was required since this was a cost-plus tariff petition.
Commission’s Findings
- Project execution was timely, with cost variations within permissible limits.
- Tariff allowed from COD until 31 March 2029, extendable under regulations.
- STL directed to:
- Submit true-up capital cost after audited accounts.
- Provide compliance and progress reports regularly.
Key Takeaway
CERC approved annual transmission charges of ₹607.54 crore for SJVN Transmission’s Bikaner–Moga transmission system, a critical project enabling evacuation of 2 GW renewable energy from Rajasthan. The order applied minor cost disallowances but otherwise upheld STL’s claim.
