Power regulator allows PSPCL to end pact with 3 NTPC plants

In its first move to allow Punjab State Power Corporation Limited to terminate an agreement with producers having higher generation cost, the state regulator has permitted PSPCL to relinquish allocated power from National Thermal Power Corporation (NTPC).

This will save ₹115 crore annually that the PSPCL was paying to NTPC generating stations at Anta, Auraiya and Dadri as fixed capacity charges without even drawing power. The PSPCL had signed the power purchase agreement (PPA) in 1997 for these plants and was getting 49MW from Anta, 83MW from Auraiya and 132MW from Dadri, all gas-based power plants of NTPC.