29-04-21 Daily-Punjab-PPSC Current Affairs

Pspcl surrendered unutilised power worth more than Rs 4,000 crore, the PSEB Engineers Association has claimed. The association has written a nine-page letter to the chairman-cum-managing director (CMD), stating: The per unit cost from these IPPs has been increasing almost on yearly basis. Moreover, these IPPs are finding loopholes in the PPAs and have been indulging in litigation resulting in higher power cost to the consumers of the state. The overall impact of all such litigations will be around Rs 20,000 crore over the next remaining 20 years of the agreements.

Keeping in view the interests of consumers of Punjab, long term exclusive PPAs with the IIPs should be immediately cancelled under clause 14.4.5 of the PPA and like other projects power should be procured only as per actual requirement of the corporation at market competitive rates from these IPPs, it adds.