The Centre for Regulation and Policy has been providing consultancy support to GIFT Power Company Ltd (GIFTPCL) in the technical, commercial, legal and regulatory areas of its power distribution business in the Gujarat International Financial Tech-City (GIFT) since 2017-18. GIFT is a global financial and IT services hub, the first-of-its-kind in India, located in Gandhinagar.
GIFTPCL has been established as a wholly-owned subsidiary of GIFT to provide infrastructure and power to GIFT city. In 2021-22, WISE along with its local partner prepared the ARR and tariff petition for 2022-23, along with true-up petition for 2020-21, and submitted the petition to the Gujarat Electricity Regulatory Commission (GERC).
WISE assisted GIFTPCL in the public hearing conducted by GERC and responded to various objections/suggestions received regarding the petitions filed by GIFTPCL. As a result, GERC approved the distribution business related expenses incurred by GIFTPCL and approved the ARR and retail tariff structure for 2022-23. The project was thus successfully completed.
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