The Commission observed that UPCL has been time and again making repeated non-compliance of the directions issued to it inspite of the fact that numerous opportunities has been provided to it to mend its affairs. The reasons cited by UPCL were poor financial position of the company, which had already been held untenable by the Commission.
Supporting the initiative, Rahul Gupta, Director, Rays Power Experts, says, “We do welcome the step but we also feel that the matter of unmet RPO obligations by states cannot be resolved with a penalty of Rs. 20,000. It demands far more concerted efforts from all stakeholders. We have also filed petition against other states urging their regulatory bodies to take action against non-compliance of RPO, which in turn would alleviate the pressing issue threatening the renewable energy sector.”
Many states in India are not complying on schemes launched by Central Electricity Regulatory Commission (CERC) and Ministry of New and Renewable Energy (MNRE) in the area of promoting renewable energy. Investments of Rs 2500 crores have already been made towards this goal.
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