Punjab Government to renegotiate pacts on renewable energy

The Punjab Government will be renegotiating the power purchase agreements (PPAs) made with 117 companies generating electricity from renewable energy sources. The state plans to reduce the charges paid to them by Re 1 per unit.

A decision to this effect was taken in a meeting between the Chief Minister’s Office (CMO) and Power Department officials here today. The power officials have been told to convene a meeting with all those producing renewable energy for the state and renegotiate and reduce the charges paid to them, on the same lines as has been done by the Uttar Pradesh Government. The charges paid to private power producers in UP have been reduced by Rs 0.75 per unit.