He also suggested that the Punjab State Power Corporation Ltd (PSPCL) should initiate action against them for failing to maintain mandatory guideline on stocks of coal.
CHANDIGARH: Rajya Sabha member Partap Singh Bajwa on Friday wrote a letter to Punjab chief minister Amarinder Singh, demanding negotiation or cancellation of the power purchase agreements (PPAs) signed with private power plants.
He also suggested that the Punjab State Power Corporation Ltd (PSPCL) should initiate action against them for failing to maintain mandatory guideline on stocks of coal.
“The unfair power purchase agreements signed with independent power producers (IPPs) were the brain-child of former deputy CM Sukhbir Singh Badal. The three privately owned thermal power generation stations have become a financial albatross, that has caused huge losses to the exchequer of Punjab, while benefiting only a select few private companies.
These agreements have been designed in a manner that ensures subsidisation of these power operators to the tune of Rs 65,000 crore as fixed charges for 25 years, paid for by the people of Punjab,” reads the letter by the Congress leader.
Source: TNN
