KSEBOA - KSEB Officers' Association

Apr 23rd
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home News Power Sector News Procurers need to pay Rs 1,050 cr to SasanUMPP, rules SC

Procurers need to pay Rs 1,050 cr to SasanUMPP, rules SC

Hits smaller text tool iconmedium text tool iconlarger text tool icon

Sasan UMPPThe Supreme Court declined to put on hold the Appellate Tribunal for Electricity's order of March 31, asking the procurers from Sasan power project to pay up unpaid dues and penalty of around Rs 1,050 crore, the company said in a statement on 04-07-2016.

This was during a hearing of the case on June 29.

"The tribunal's order pertains to commercial operation date of the first unit of Sasan uptra mega power project. Procurers are required to continue making payments towards commercial operation dated dues as directed by Central Electricity Regulatory Commission," the company said.

"The tribunal order had paved the way for Sasan Power Limited to recover the unpaid amount of nearly Rs 850 Crore from the procurers and late payment surcharge of nearly Rs 200 crore, as per the power purchase agreement," the company said.

The Sasan project in Singrauli District of Madhya Pradesh is one of the largest integrated power plant-cum-coal-mining project at a single location, involving investment of over Rs 27,000 Crore.

The company is a part of the Reliance Group, that claims the largest portfolio of power projects in the private sector in the country, based on coal, gas, hydro and renewable energy, with an operating capacity of 5,945 MW.

Source- Financial Express


Add comment

Security code


Random Videos

You need Flash player 6+ and JavaScript enabled to view this video.
Title: Power Quiz 2015 Final - Part-1

Latest Comments


Reference Book


Reference Book on Power

Electrical Engineering-- D' 1/4 Size Hard bound-- 1424 Pages-- Just Rs.1000/- only &n...

Visitors Counter

mod_vvisit_counterThis Month111062
mod_vvisit_counterLast Month149779

Online Visitors: 63
Time: 05 : 36 : 10