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 2020-21, WISE prepared the ARR and tariff petition for 2021-22, along with true-up petition for 2019-20, and submitted these to the Gujarat Electricity Regulatory Commission (GERC).
WISE assisted GIFTPCL in the public hearings at GERC and responded to various objections/suggestions received regarding the petitions. In addition, WISE prepared another petition for revising the supply code for HT consumers at the LT voltage level, including options for LT level metering. As a result, GERC approved the distribution business-related expenses incurred by GIFTPCL during FY 2019-20 and approved the retail tariff structure for FY 2021-22.