Stranded power-generating projects will now have to bear the cost of abandoning the allied transmission system.
In its latest order, the Central Electricity Regulatory Commission (CERC) directed power-generating companies (gencos) to pay the transmission and relinquishment charges for the stranded transmission capacity resulting on account of the abandoned projects.
This comes at a time when the thermal power sector is saddled with stressed assets of 40,000 Mw. Of this, close to 11,000 MW does not have a power purchase agreement (PPA) with any state. Read More