What sectors does Growthifye cover?

We work across the clean-energy value chain — utility-scale solar and wind, battery energy storage (BESS), power transmission networks, and the green financing structures that fund them.

Do you handle both engineering and financing?

Yes. Our differentiator is combining engineering-led advisory and EPC with an in-house green financing and debt syndication desk, so technical and financial workstreams stay aligned all the way to financial close.

Can you support transmission and grid connection?

Absolutely. We engineer HV substations and transmission lines, run grid connection and evacuation studies, and manage the interface with utilities and grid operators.

What does green financing include?

Sustainability-linked loans, green debt, blended finance and non-recourse project finance — structured, syndicated and negotiated to secure competitive, long-tenor capital.

How do we start working with you?

Share your project or mandate through the contact form or WhatsApp. We'll set up a discovery call and outline a tailored engagement across advisory, engineering, EPC or financing.

All MERC orders

Original order PDF

GROWTHIFYE ONE-PAGER·MERC · Maharashtra·tariff order·Case 225 of 2022 (Remand from APTEL)·Order dated 2024-02-23

MERC declines to revise TPC-D's FY2023-24 interim tariff on remand; MYT tariff (30 Mar 2020) to continue, final FY2024-25 tariff to be decided in Case 237 of 2023

Petition of The Tata Power Company Ltd. (Distribution) for approval of True-up of Aggregate Revenue Requirement (ARR) for FY 2019-20, FY 2021-22 and FY 2021- 22, Provisional Truing-up of ARR for FY 2022-23, and approval of Revised ARR and Tariff for FY 2023-24 and FY 2024-25. Case No. 225 of 2022 (Re-opened in pursuance of Hon’ble APTEL’s Judgement dated 5 January, 2024 in Appeal No. 369 of 2023.)

Background · what was sought

TPC-D's MTR Order dated 31 Mar 2023 revised tariffs for FY2023-24/24-25 after true-up. TPC-D appealed to APTEL citing excessive hike; APTEL stayed the FY23-24 tariff schedule (13 Jul 2023), restoring MYT (30 Mar 2020) tariff, while true-up stayed in force. On 5 Jan 2024 APTEL set aside the MTR order (except true-up) and remanded, directing MERC to pass a fresh interim/final order urgently considering subsequent events. TPC-D sought an interim tariff adding true-up impact (Rs.0.33/kWh FY23-24, Rs.1.38/kWh FY24-25) to MYT ACoS; AEML-D objected, seeking full fresh adjudication with public hearing, wires/supply segregation, and scrutiny of transmission-constraint claims and TPC-G PPA extension.

What the Commission decided

Disposed of the remanded matter in Case No. 225 of 2022.
Rejected TPC-D's proposed interim tariff hike (Rs.0.33/kWh FY23-24; Rs.1.38/kWh FY24-25) citing time constraints and futility of a fresh public consultation with FY23-24 nearly over.
Directed TPC-D to continue levying the MYT tariff for FY2023-24 as restored by APTEL's interim order dated 13 July 2023.
Held that final tariff for FY2024-25 (including provisional true-up of FY23-24) will be decided in Case No. 237 of 2023, factoring in APTEL's observations and subsequent events (e.g., TPC-G PPA extension).
Allowed AEML-D to raise all its objections (transmission constraints, wires-supply segregation, PPA extension) in Case No. 237 of 2023, already listed for public hearing on 27 Feb 2024.
Directed TPC-D to forward its Case 237/2023 tariff petition to STU and MSLDC for comments on transmission constraints.

Way forward agreed by the Commission

TPC-D continues to bill FY2023-24 at MYT (30 Mar 2020) tariff—no interim hike for FY23-24.
Final FY2024-25 tariff (with provisional FY23-24 true-up) to be determined in Case No. 237 of 2023 via full public consultation.
TPC-D to send copy of Case 237/2023 petition to State Transmission Utility (STU) and MSLDC for comments on transmission constraints.
AEML-D to file objections/suggestions (wires-supply segregation, transmission constraint issue, PPA extension impact) in Case 237 of 2023; TPC-D to respond.
MERC to incorporate APTEL's 13 July 2023 observations and all subsequent events while issuing the final order in Case 237 of 2023.
No further interim tariff order will be issued for FY2023-24; matter treated as closed for that year.

What it means for C&I buyers, OA users & developers

• C&I consumers on TPC-D's network see no tariff change for FY2023-24 — MYT (2020) rates continue; the true-up hit is deferred entirely to the FY2024-25 tariff order.
• Open access and change-over consumers should watch Case 237 of 2023 closely, as MERC has flagged that wires vs supply cost segregation is essential before any wheeling/energy charge revision.
• The confirmed 5-year PPA extension with TPC-G (till 2029) signals continuing transmission constraints in Mumbai — relevant for RE/open-access developers assessing wheeling feasibility and embedded generation dependence.
• Expect a potentially sharper tariff correction in FY2024-25 once the deferred FY23-24 true-up and provisional FY23-24 gap are both loaded into that year's ARR — C&I buyers should factor this into budgeting and PPA planning.

Growthifye take

This is a procedural stop-gap, not tariff relief. MERC essentially punted the true-up recovery to the FY2024-25 order (Case 237/2023) rather than force a rushed public consultation for a near-ending FY23-24. C&I consumers get short-term breathing room but should brace for a larger cumulative tariff correction in FY24-25 once both years' true-up gaps stack up. The wires-supply segregation issue MERC flagged is important for OA/C&I developers — push for clarity in Case 237 submissions to avoid being charged for supply-side gaps you don't consume. Track the 27 Feb 2024 hearing outcome closely.

Growthifye does not take responsibility for the accuracy of this information. Values are compiled from tariff orders published on the websites of State Electricity Regulatory Commissions and distribution licensees (plus CEA / MoP / Grid-India), parsed automatically and shown with their source. Always verify against the signed order before any commercial decision. This one-pager is a Vidura-assisted summary of the official order; the signed order prevails.