PSPCL’s pact with power companies “one-sided, tilted in favour of pvt discoms”, says Punjab AG

PUNJAB ADVOCATE GENERAL Atul Nanda on Thursday slammed those responsible for drafting PPAs for the state with power companies, calling them “one-sided” and “tilted in favour of private power producer.” The move comes a fortnight after Punjab Chief Minister Captain Amarinder Singh sought a legal opinion on renegotiating controversial PPAs with GVK Power and Damodar Valley Corporation (DVC) for Raghunathpur Thermal Power Plant.

In his legal opinion submitted to the CM, Nanda has also said that the PPAs have been drafted in a manner that PSPCL can never terminate such agreements unless it consciously breaches them. In that case, the utility will have to face huge financial implications.