Consumers must brace for power tariff hike to make up for PSPCL’s ₹1,420 cr coal washing charges


Consumers must brace for power tariff hike to make up for PSPCL’s ₹1,420 cr coal washing charges

Electricity consumers are set to bear an additional burden of ₹1,420 crore as Punjab State Power Corporation Limited (PSPCL) has approached the power regulator to jack up tariff to recover the said amount, which the corporation has paid to private thermal plants as coal washing charges.

Following the Supreme Court orders, PSPCL has paid ₹ 421 crore to Larsen & Toubro-run Nabha Power Limited, and ₹1,002 crore to Vedantta Group that runs the Talwandi Sabo Power Plant. These are coal washing charges from year 2012-13 up to October 2019.

The judgment was passed on August 7 by the bench of justice Rohinton Fali Nariman and justice Surya Kant while taking up a contempt petition filed by the L&T against the Punjab government and PSPCL chairman-cum-managing director Read More

 

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