Joint Venture8 Aug 2025, 03:30 pm
Reliance Infrastructure Announces 51:49% Joint Venture with Government of Delhi, to Recognize Regulatory Assets of INR 28,483 Crores
AI Summary
Reliance Infrastructure Ltd. has announced a 51:49% joint venture with the Government of Delhi. This move comes after the Hon’ble Supreme Court's order to recognize regulatory assets of INR 28,483 crores till 31st July 2025. The recognition of these assets will be completed from April 1, 2024, to March 31, 2028. The Supreme Court's judgement sets out ten sutras and issues nine clear directions to Electricity Regulatory Commissions (ERCs) and Appellate Tribunal for Electricity (APTEL) regarding cost-reflective tariff determination, creation, and amortization of Regulatory Assets, and regulatory oversight by APTEL to monitor implementation of directions by ERCs.
Key Highlights
- Reliance Infrastructure Ltd. and Government of Delhi joint venture
- Recognition of regulatory assets of INR 28,483 crores
- Recognition to be completed from April 1, 2024, to March 31, 2028
- Supreme Court's judgement sets out ten sutras and nine clear directions to ERCs and APTEL
- Directions include cost-reflective tariff determination, creation, and amortization of Regulatory Assets, and regulatory oversight by APTEL