Patiala The Appellate Tribunal for Electricity (APTEL) has stayed the Power Purchase Agreement (PPA) termination notices that the Punjab State Power Corporation Limited (PSPCL) had served to four private power generating plants with effect from October 31. The notice were served to Damodar Valley Corporation and its three entities.
The plants that had been served notices were Damodar Valley Corporation’s Durgapur (200MW share), Raghunathpur (300MW share), Bokaro (200MW share) and Meja Urja Power Project (85MW share). The PSPCL had taken this decision after the Punjab State Electricity Regulatory Commission (PSERC) gave a ruling that power from the generating stations of Damodar Valley Corporation (DVC), Kolkata; Pragati Power Corporation Limited and Meja Urja Nigam Power Private Limited, aggregating to 885MW, was costly.
The APTEL, however, stayed the proceedings of scrapping the PPA in four different appeals. “Prima facie, we have serious doubts as to the invocation of the Regulation 13 of 2012 Regulations, vis-a-vis, long-term PPAs which have been in position since 2006.
