Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
CERC summons CMD PSPCL for payment defaults
Central Electricity Regulatory Commission (CERC) has summoned chairman-cum-managing director (CMD) of Punjab State Power Corporation Limited (PSPCL) for default in pending payment of power over drawing from northern grid.

CERC HAD earlier directed CMD PSTCL to ensure that all pending dues are cleared by October 31. In case the defaulting amount is not liquidated respondent was directed to showcause why action should not be taken for non-compliance of order as per provisions of Unscheduled Interchange (UI) Regulations.

Northern Region Load Dispatch Centre (NRLDC) has reported earlier that a sum of Rs. 282.63 crore including surcharge is outstanding against PSPCL towards UI charges as on August 31 this year. On the date of hearing on November 17, NRLDC submitted that Rs.188.71 crore is still outstanding against PSPCL.

During the course of hearing the representative of PSTCL and PSPCL submitted that due to cash crunch PSPCL was not in a position to make lump-sum payment. PSPCL committed that they will make weekly payment of Rs.11 crore and will clear all the bills by March 31 2013.

CERC was however, constrained to note that PSPCL is not paying attention to payments it deserved. PDSPCL was over drawing power from grid at the cost of other constituents. It is obligatory on the part of PSPCL to make payment for consuming power which legitimately belonged to other constituents. The action of PSPCL has created impediments in the operation of the commercial mechanism.

CERC has directed CMD PSPCL to appear before CERC on December 18 with a firm payment schedule for liquidation of arrears.

COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement

Interesting content

merinews for RTI activists

Create email alerts

Total subscribers: 208384
Advertisement
Not finding what you are looking for? Search here.