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[Cites 0, Cited by 0] [Section 3] [Entire Act]

State of Bihar - Subsection

Section 3(2) in The Bihar Electricity Regulatory Commission (Licencing for Intra-State Trading in electricity) Regulations, 2007

(2)Financial requirements for a trader in electricity:
(a)Every applicant shall submit the following information to the Commission in regard to his financial requirement to show that he is capable of meeting the net worth requirement as per sub-regulation (c) below
(i)History of his earnings
(ii)Balance sheet and cash flow statement
(iii)Funding arrangements
(iv)Risk management strategy
(b)The applicant shall comply with the above financial requirements before applying for the grant of licence for Intra-State trading.
(c)The net worth requirement of an electricity trader at any time shall be not less than the following financial limits:
Category of the trading licence Annual volume of electricity to be traded Net worth requirement (Rs. Crores)
A Upto 50 Ml) 1.00
B Above 50 MU and upto 100 MU 1.50
C Above 100 MU and upto 200 MU 3.00
D Above 200 MU and upto 300 MU 4.50
E Above 300 MU and upto 400 MU 6.00
F Above 400 MU and upto 500 MU 7.50
G Above 500 MU and 10.00
The limits indicated above are subject to
(i)the licensee shall increase his net worth corresponding to the volume of trade increased from a lower limit to the next higher limit;
(ii)the change of category shall be based on the volume of trade as on 31st March each year;
(iii)the licensee shall keep the Commission informed of his moving from one category to another and the consequential changes in the net worth.