In a relief to Essar Power Gujarat (EPGL), the Gujarat government has given three years’ time to the company to pay penalty exceeding Rs 200 crore for not supplying power as per the power purchase agreement (PPA) during the past two financial years.
Penalty dues of the company for the fiscal 2017-18 and 2018-19 were Rs 68.11 and Rs 134.17 respectively as on May 31, 2019, said a senior official with the state energy department, adding that as per the government’s decision, EPGL will have to pay the dues by June 2022 in 36 instalments. The decision of monthly instalments was taken considering the request from EPGL, said the official.
