\n

<\/a>TERMS OF
\nREFERENCE<\/strong> <\/span><\/p>\n

For Competitive Bids from Chartered
\nAccountant Firms for appointment as Internal Auditors of Maharashtra
\nElectricity Regulatory Commission<\/strong>.<\/p>\n

 1. 
\nIntroduction<\/strong><\/p>\n

 The Maharashtra
\nElectricity Regulatory Commission (MERC)<\/strong> was established on August 5,
\n1999 under the Electricity Regulatory Commission Act, 1998, a Central Act which
\nwas superseded by Electricity Act, 2003 (EA 2003). The Commission under Section
\n86 of the EA 2003 undertakes various functions, such as, determination of
\ntariff for generation, transmission and wheeling of electricity; bulk or retail
\nsupply of electricity, as the case may be, within the State of Maharashtra;
\nregulate electricity purchase and procurement process of Distribution
\nLicensees; issue Licenses for Transmission, Distribution, and Trading of
\nelectricity and promote generation \/co-generation of electricity from renewable
\nsources of energy.<\/p>\n

 <\/p>\n

2. 
\nFunctions of the Commission<\/strong>;<\/p>\n

 <\/p>\n

Determination of Multi
\nYear Tariff (MYT), Annual Revenue Requirement (ARR), Annual Performance Review
\n(APR) of the Transmission Licensees, Distribution Licensee i.e. MSETCL\/MSEDCL,
\nTata Power Company Limited, Transmission & Distribution Business, Reliance
\nInfrastructure Limited, Transmission & Distribution Business, BEST, Adani
\nPower Ltd, Transmission Pricing of Intra-State Transmission System (InSTS) of
\nMaharashtra, Any other Transmission Licensee operating in the State of
\nMaharashtra. Determination of Tariff for New Thermal Generating Units,
\nDetermination of Tariff for New Hydro Power Plants, Determination of tariffs
\nfor Non-Conventional Energy Sources.<\/p>\n

 <\/p>\n

3.  Appointment of Internal Auditors<\/strong><\/p>\n

 <\/p>\n

MERC intends to engage a technically qualified and
\nexperienced Chartered Accountant firm empanelled with the Institute of
\nChartered Accounts of India (ICAI) and the Comptroller and Auditor General of
\nIndia having proven track record of not less than five years practice for
\nappointment as Internal Auditors for the financial years 2014-15, 2015-16 and
\n2016-17.<\/p>\n

Download tender document <\/a><\/strong><\/p>\n

<\/p>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

TERMS OF REFERENCE   1.  Introduction   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 … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[295,299,298],"class_list":["post-1066","post","type-post","status-publish","format-standard","hentry","category-opportunities","tag-appointment","tag-invitation","tag-tender"],"yoast_head":"\n