SC rules in favour of PSPCL, blocks ₹5,000-cr claim by pvt thermal plants

Chandigarh: In a relief for Punjab State Power Corporation Limited (PSPCL), the Supreme Court (SC) has ruled in its favour in a high-stakes, decade-long legal battle with private thermal power producers — Nabha Power Limited (NPL) and Talwandi Sabo Power Limited (TSPL). The verdict has saved the PSPCL and Punjab power consumers from a financial liability of nearly ₹5,000 crore, claimed by the independent power producers (IPPs) under the guise of fiscal incentives.

The judgment was pronounced on August 19 by the division bench comprising chief justice of India BR Gavai and justice AG Masih.