Lucknow: Uttar Pradesh Power Corporation Limited (UPPCL) and its four subsidiaries power distribution companies (Discoms) will not sign any new Power Purchase Agreements (PPAs) with thermal power generating companies till December 2022.
The PSU has taken the decision in compliance with the directive issued by the power regulator UP state electricity regulatory commission.
The regulator has directed that the discoms will not sign any new PPA with thermal power generating companies till December 2022 as the UPPCL has failed to achieve its renewable purchase obligations instead it has directed the UPPCL to signs new PPAs with renewable energy-based power sources, including hydro. The discoms were also suggested to invest in power storage technologies to meet the spurts of peak demand which lasts only for short durations.
Source: UNI
