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The Tamil Nadu Electricity Regulatory Commission (TNERC) issued an order on January 2, 2025, in response to a petition filed by Mytrah Vayu (Manjira) Pvt. Ltd., a wind energy generator, against the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO). The petitioner sought the payment of ₹40.58 crore, comprising ₹22 crore as the principal amount and interest for unutilized banked energy from fiscal years 2014-15, 2015-16, and 2016-17. This energy, under existing wheeling agreements, was to be compensated at 75% of the applicable wind energy tariff.
Mytrah Vayu argued that TANGEDCO had acknowledged their claims but delayed payments due to prolonged verification of their Captive Generating Plant (CGP) status, causing financial distress. The petitioner highlighted previous TNERC and judicial orders emphasizing the obligation of TANGEDCO to honor such payments promptly, along with 1% monthly interest for delays.
The petition detailed a history of agreements and correspondence, emphasizing regulatory provisions supporting their claims. Banking agreements from various fiscal years confirmed entitlements to cash compensation for unutilized energy. Mytrah repeatedly reminded TANGEDCO of these obligations, referencing multiple regulatory and judicial directives that favored similar petitions.
The TNERC’s decision reflected a commitment to regulatory clarity and fair treatment of renewable energy projects. It mandated TANGEDCO to settle Mytrah’s claims promptly, reinforcing accountability in honoring financial commitments under energy agreements and promoting renewable energy’s growth by ensuring timely resolution of disputes.
