Daily News Wrap-Up: Ministry Allows Multiple Users Under Group Captive Model
Cabinet approves ₹37.6 billion Viability Gap Funding for BESS projects
September 7, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The Ministry of Power, in recent amendments to the Electricity Rules, 2005, has reverted to the previous regulation, allowing collective captive users to hold the minimum ownership of 26% in a group captive open access project. According to the notification, the words captive user in the sub-rule (1), clause (a), and sub-clause (i) of the rules will be replaced with captive users. In July, the Ministry issued an amendment changing it to a captive user, mandating every captive power user, even in a group captive structure of open access, to hold a minimum ownership of 26%.