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Discoms permitted to relinquish entire allocated power from 25-yr-old projects
TIWN
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New Delhi, July 7 (TIWN) In a major relief for power distribution companies, the government has now given them the freedom to terminate or continue drawing power from a project that has completed 25 years of operations.
In a letter to the state governments and the heads of central generating stations (CGS), the Ministry of Power said that as per the guidelines of power purchase agreements (PPAs), discoms are eligible to terminate the entire allocated power from a power project that has completed 25 years of operations since its commissioning.
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