Regulator nod to cancel 3 PPAs
Around a fortnight after the Chief Minister asked the power corporation to revisit or cancel all faulty PPAs (Power Purchase Agreements), Punjab has managed to relinquish its allocated share of power from Anta, Auraiya and Dadri power stations.
This will pave the way for the Punjab State Power Corporation Limited (PSPCL) to terminate an agreement with these producers working under the aegis of the National Thermal Power Corporation (NTPC). The PSPCL had filed a petition seeking permission to relinquish allocated power from Anta, Auraiya and Dadri generating stations of the NTPC in March 2021, which the power regulator had admitted in June 2021. The orders are likely to benefit Punjab by over Rs 115 crore per annum.
