The Punjab State Power Corporation Limited (PSPCL) has served notice to Larsen and Toubro (L&T)-owned Nabha Power Plant (NPL) for defaulting on the power purchase agreement (PPA) as the company shut operation at its 1,400-MW plant on the pretext of revised pollution norms.
The notice is a first step to cancel the PPA if the company continues to default on power supply to the state for a month. The PSPCL is then empowered to renegotiate the PPA and can even cancel it.
The NPL was built with an investment of Rs 10,000 crore.
