Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Vedanta Ltd’s subsidiary Talwandi Sabo Power Ltd (TSPL) has been directed by the Supreme Court to pay around INR 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd (PSPCL). The decision restores an earlier order by the Punjab State Electricity Regulatory Commission (PSERC) after overturning a ruling by the Appellate Tribunal for Electricity (APTEL). The case concerns a penalty linked to alleged misdeclaration of power availability in January 2017 under the Grid Code. TSPL operates a 1,980 MW coal-based plant in Punjab and supplies full generation to PSPCL.
Vedanta Ltd has informed that its subsidiary Talwandi Sabo Power Ltd (TSPL) has been held liable by the Supreme Court to pay approximately INR 127 crore along with applicable late payment surcharge to Punjab State Power Corporation Ltd (PSPCL). Advertisement
The ruling comes after the Supreme Court set aside the decision earlier passed by the Appellate Tribunal for Electricity (APTEL) and restored the order issued by the Punjab State Electricity Regulatory Commission (PSERC). PSERC is the state-level regulator responsible for overseeing electricity tariffs, compliance, and operational standards in Punjab’s power sector.
The dispute relates to a penalty imposed on TSPL for alleged misdeclaration of power availability during January 2017 under the provisions of the Grid Code, which governs technical and operational discipline in electricity supply and scheduling.
With the Supreme Court’s judgment, the regulatory commission’s original direction has been upheld, confirming the penalty along with the late payment surcharge applicable on the dues.
TSPL operates a 1,980 MW super-critical coal-based thermal power plant located at Banawala in Mansa district, Punjab. The plant has been supplying electricity entirely to PSPCL and plays a key role in meeting a significant share of Punjab’s power demand through long-term supply arrangements.
The project was developed as a special-purpose vehicle under the Punjab State Electricity Board framework and was later awarded to Vedanta Ltd (erstwhile Sterlite Energy Ltd) under a Build-Own-Operate model, which is commonly used for large infrastructure and power generation projects in India.
Following the ruling, TSPL is expected to proceed with the payment of INR 127 crore along with the applicable surcharge to PSPCL as directed by the court.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
