About the Role

This role is responsible for supporting the team by executing essential regulatory tasks, initiating compliance procedures, and maintaining effective communication both internally and externally. This role is pivotal role for ensuring smooth operation within the regulatory framework of the power.

Responsibilities

Policy Advocacy and Regulatory Compliance

- Assist in monitoring policy developments and regulatory changes that may impact the organization's operations.
- Support efforts to ensure that the organization's practices align with current regulations and legislative requirements.
- Help gather information and contribute to internal discussions on how sector regulations and government interventions may affect the organization.
- Aid in the preparation of compliance documentation and reports, ensuring that all business activities adhere to regulatory standards.
- Stay up-to-date with changes in legislation and regulatory requirements, and assist in communicating these changes to relevant departments within the organization.

Due Diligence and Research

- Conduct due diligence for mergers and acquisitions (M&A;) from a regulatory perspective, preparing notes and presentations for the Business Development (BD) team.
- Perform regulatory research by reviewing updates from regulatory websites such as the Ministry of Power (MOP) to identify new draft notifications, regulations, or policies.
- Support compliance efforts by contributing to the development and maintenance of internal controls and procedures.

Litigation Coordination and Petition Drafting

- Coordinate with advocates, briefing them on regulatory litigation matters, and ensure timely submission of petitions.
- Brief legal firms on specific cases and assist with in-house drafting of petitions by compiling information and ensuring logical presentation.
- If law firms are drafting petitions, provide a first draft or a comprehensive information bucket for their use.
- Manage administrative tasks related to litigation, such as obtaining certified copies of legal documents.





Internal MIS and Reporting

- Prepare internal MIS reports listing cases pending before the court, categorizing them by criticality, forum, and plant, and disseminate to promoters.
- Compile monthly reports detailing judgments passed, current guidelines from state or central regulators, and other relevant updates.
- Conduct weekly review meetings to discuss regulatory cases and develop strategies based on direction from the Head/ Chief of Energy Regulatory and Commercial group (ERCG).
- Monitor the progression of regulatory cases, keeping detailed records of filings, hearings, and judgments.
- Assist in the preparation and organization of legal documents required for regulatory submissions and correspondence.

Billing and Revenue Management

- Manage the comprehensive management of revenue, ensuring all billing activities in accordance with the SOP for Power Sale align with organizational financial objectives.
- Collect necessary information and inputs for billing, coordinating with internal and external stakeholders.
- Issue accurate and timely invoices to customers or power procurers
- Monitor payments to ensure they are received by the due date.
- Maintain and update all invoicing information on the Ministry of Power portal, responding to any disputes raised by customers.
- Continuously monitor replies and communications within the portal.
- Verify customer information and address anomalies if any to prevent delays.

Payment Tracking and Dispute Resolution

- Proactively track payments and initiate letters of credit (LC) to encash funds when payments are delayed.
- In the event of a dispute,



ensure that customers pay 85% of the invoice amount as per contract, providing justification for the payment.
- Manage stay orders from the regulatory committee, waiting for resolutions before proceeding with collections.
- Communicate with banks regarding payment statuses, letter of credit (LC) issuances.
- Ensure the original letter of credit (LC) value is restored within 7 days if utilized.

Portal Management

- Update the Payment Security Portal (PSA) and Praapti portal with necessary information. For e.g. letter of credit (LC) availability.
- Monitor power curtailment actions by the System Operator as mandated by the Ministry of Power.
- Document payment statuses and upload all bills to the Praapti portal, ensuring accurate and timely updates of procurer details.
- Enforce restrictions on short-term power purchases for entities with outstanding payments beyond 75 days as recorded in the Praapti portal.
- Interact with the state load dispatch center, central dispatch, and Ministry of Power as necessary, ensuring compliance with operational guidelines.

Financial Reporting and Reconciliation

- Prepare MIS reports detailing expected revenue, expenses for each customer, due bills, and collection targets, comparing actual receipts against targets.
- Conduct quarterly or annual reconciliations of bills admitted, signed off, and payments made, reporting reconciliation status.
- Draft replies for customer correspondence and ensure accurate entry of bills into the SAP system as payments are made.

Qualifications

Educational Qualification

- B.E./ B.Tech/ Masters ( Power Management, related field), Additional Certifications in regulatory affairs or compliance preferred

Work Experience (Range of years)

- Minimum 5 years of experience in regulatory compliance, preferably in power and transmission or related field.

Preferred Industry

- Background in the power and energy sector with exposure to power and transmission industry, with an understanding of regulatory challenges and compliance mechanisms.

📌 Manager - Regulatory and Commercial (Ahmedabad)
🏢 Adani Power
📍 Ahmedabad