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Punjab: PSERC dismisses PSPCL review plea on approval to PPAs of 5 power plants

Reinstating its earlier decision, the Punjab State Electricity Regulatory Commission (PSERC) has dismissed the review petition of PSPCL and denied approval to the running power purchase agreements (PPAs) with five generating stations by terming them economically unviable due to high cost of power.

The commission had disallowed the procurement of power from DVC generating stations (Durgapur, Raghunathpur and Bokaro), Pragati Gas Power Station (Bawana) and Meja Urja Nigam Private Limited (MUNPL), aggregating to 885.10 MW, on grounds of high cost of power being purchased from these stations despite much cheaper power available in the market.

The commission said it had already given Punjab State Power Corporation Limited (PSPCL) the liberty to renegotiate viable rates for power plants, including MUNPL, and seek the commission’s approval.

Source
ET Energy World
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