Cancel all one-sided PPAs, Punjab CM tells PSPCL
The Hindu
Punjab Chief Minister Amarinder Singh has ordered the Punjab State Power Corporation Limited (PSPCL) to cancel or revisit all the one-sided Power Purchase Agreements (PPAs) with private companies that
Punjab Chief Minister Amarinder Singh has ordered the Punjab State Power Corporation Limited (PSPCL) to cancel or revisit all the one-sided Power Purchase Agreements (PPAs) with private companies that are not contractually obligated to supply sufficient power to meet the State’s peak demand during the paddy sowing and summer season. Taking note of the fiasco relating to Talwandi Sabo Power Limited (TSPL), Mansa — one of the largest private thermal plants in the State, which failed to perform in the current paddy season, the Chief Minister has directed PSPCL to revoke its PPA.
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