JSW Renew Energy Five Limited, a step-down subsidiary of JSW Energy Limited, has taken its ongoing regulatory dispute to the Supreme Court of India, filing a Civil Appeal against a recent order passed by the Appellate Tribunal for Electricity (APTEL).
The case originates from a decision of the Central Electricity Regulatory Commission (CERC) related to Battery Energy Storage Systems (BESS) projects awarded by the Solar Energy Corporation of India (SECI). While specific details of the dispute remain undisclosed, the company’s decision to escalate the matter indicates that the projects carry considerable strategic and financial significance.
Legal Timeline
- CERC passed an initial order regarding SECI’s BESS projects.
- JSW Renew Energy Five appealed the decision before APTEL.
- APTEL dismissed the appeal.
- The subsidiary has now challenged APTEL’s order in the Supreme Court.
Regulatory Filing
In line with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, JSW Energy disclosed the development to the stock exchanges. The filing, signed by Monica Chopra, Company Secretary, confirmed the Civil Appeal’s submission.
Industry Implications
The legal tussle highlights the growing complexity of regulatory issues in India’s renewable energy sector, particularly around emerging technologies such as large-scale battery storage. The outcome of this case could influence not only JSW Energy’s business but also the broader policy and regulatory environment for BESS projects across the country.
With India pushing aggressively towards renewable energy integration, industry stakeholders will closely track the case for potential precedents on energy storage regulations.
Summary:
JSW Renew Energy Five Limited, a subsidiary of JSW Energy, has filed a Civil Appeal in the Supreme Court against an APTEL order that dismissed its earlier challenge to a CERC decision on SECI’s Battery Energy Storage Systems projects. The case underlines the high stakes involved for JSW Energy and may shape future regulatory frameworks for energy storage in India.
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