The Pspcl top brass apprised the PSEB Engineers Association that its letter mentioning two points had been considered and a committee had been formed. The three-member committee should submit its report within a month, reads the letter. Till 2020, the PSPCL has surrendered unutilised power worth more than Rs 4,000 crore. The per-unit cost from the IPPs has been increasing. Moreover, the IPPs have been finding loopholes and indulging in litigation. The overall impact of such a litigation will be around Rs 20,000 crore over the next remaining 20 years of the agreements.
Under the agreements, fixed charges are to be paid to these three Plants even if the state does not require power. In its opinion to the government, the Punjab Advocate General office has already opined that there was deviation from bidding guidelines, adding that the very quantum of power required to be procured by the then was unnecessarily increased by the state.