The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Connectivity and General Network Access (GNA) to the inter-State Transmission System (ISTS)) (First Amendment) Regulations, 2023.
As per the amendment, among other things, a new regulation will be added to the principal regulation wherein an applicant which is renewable energy generating station (other than hydro generating station), energy storage system (excluding pumped storage project) or renewable power park developer to which final grant of connectivity has been issued, will have to achieve the financial closure for the capacity of such connectivity, within a period of 12 months from the date of issuance of final grant of connectivity, if the start date of connectivity is within 2 years from date of issuance of final grant of connectivity, or a period equivalent to 50 per cent time period between issue of final grant of connectivity and start date of connectivity, if the start date of connectivity is more than 2 years from date of issuance of final grant of connectivity. The comments and suggestions have been sought on the draft amendment by February 17, 2023.