Power firms may move court against new Punjab govt Bill
Power plants are contemplating taking legal action against a new Bill of the Punjab government proposing tariff revision of all renewable energy contracts and termination of contracts of two coal-based plants. The companies said they will also write to the Prime Minister’s Office seeking intervention.
The Punjab Energy Security, Termination of PPAs and Redetermination of Power Tariff Bill, 2021 provides for referring all 63 renewable energy contracts totalling 750 MW and termination of agreements with 1,400 MW Nabha Power owned by Larsen & Toubro and Vedanta’s Talwandi Sabo power plants. “Most developers are likely to move to the Punjab High Court to appeal against the Bill, which is totally unlawful,” an industry expert said.
