Offshore Mineral Auction Rules Amended to Broaden Eligibility

Previously, the rules addressed situations where an applicant was a subsidiary company. The amendment now explicitly states that “if an applicant is a subsidiary company, the net worth of the holding company of such subsidiary company may also be considered and the holding company may be incorporated in India or outside India.”

CERC Announces Monthly Escalation Rates for Power Procurement Payments in February 2025

The Central Electricity Regulatory Commission (CERC) has issued a notification detailing the monthly escalation rates applicable for February 2025 for the purpose of payments related to the procurement of power by distribution licensees. These escalation rates are used to adjust the payment amounts in power purchase agreements to account for fluctuations in the costs of key components, such as imported coal and its transportation and handling.