For Competitive Bids from Chartered
Accountant Firms for appointment as Internal Auditors of Maharashtra
Electricity Regulatory Commission.
1.
Introduction
The Maharashtra
Electricity Regulatory Commission (MERC) was established on August 5,
1999 under the Electricity Regulatory Commission Act, 1998, a Central Act which
was superseded by Electricity Act, 2003 (EA 2003). The Commission under Section
86 of the EA 2003 undertakes various functions, such as, determination of
tariff for generation, transmission and wheeling of electricity; bulk or retail
supply of electricity, as the case may be, within the State of Maharashtra;
regulate electricity purchase and procurement process of Distribution
Licensees; issue Licenses for Transmission, Distribution, and Trading of
electricity and promote generation /co-generation of electricity from renewable
sources of energy.
2.
Functions of the Commission;
Determination of Multi
Year Tariff (MYT), Annual Revenue Requirement (ARR), Annual Performance Review
(APR) of the Transmission Licensees, Distribution Licensee i.e. MSETCL/MSEDCL,
Tata Power Company Limited, Transmission & Distribution Business, Reliance
Infrastructure Limited, Transmission & Distribution Business, BEST, Adani
Power Ltd, Transmission Pricing of Intra-State Transmission System (InSTS) of
Maharashtra, Any other Transmission Licensee operating in the State of
Maharashtra. Determination of Tariff for New Thermal Generating Units,
Determination of Tariff for New Hydro Power Plants, Determination of tariffs
for Non-Conventional Energy Sources.
3. Appointment of Internal Auditors
MERC intends to engage a technically qualified and
experienced Chartered Accountant firm empanelled with the Institute of
Chartered Accounts of India (ICAI) and the Comptroller and Auditor General of
India having proven track record of not less than five years practice for
appointment as Internal Auditors for the financial years 2014-15, 2015-16 and
2016-17.
