PPAs with firms were signed as per UPA govt guidelines: Sukhbir. Former deputy chief minister and Shiromani Akali Dal (SAD) president Sukhbir Singh Badal, on Monday, chided PPCC president Sunil Jakhar for talking out of his hat to cover up the Congress government’s failure to keep power tariff under control. He said that Jakhar should know that all PPAs (Power Purchase Agreements) were signed as per the guidelines issued by the then Congress led UPA government. SAD president said that it seemed as if Jakhar was deliberately misleading the people by not telling them that the PPA’s were signed with private parties based on a competitive bidding process as per bidding guidelines issued by Union Ministry of Power. “The draft guidelines which were circulated by the Union power ministry to states were adopted as such by SAD-BJP government. “The PPA was signed after an international bid which led to top companies like Larsen & Toubro and Vedanta bagging the prestigious projects. The PPAs of both these companies were the lowest in the country as of then.”“The fact of the matter is that PSPCL was saddled with loans with high rate of interest as per the prevailing rates. The Union government proposed swapping these loans with loans at substantially low rate of interest under the UDAY (Ujwal Discom Assurance Yojana). This scheme involved implementing some reforms which were also successfully implemented by PSPCL. All this has resulted in savings of hundreds of crores for PSPCL.”“Today the government is taking advantage of surplus power by offering the same to the industrial sector at Rs five per unit. Who is misleading the people, me or Jakhar?, he asked. He further added that before SAD-BJP government took up the reins of the state, Punjab was a power deficit state with a production of 6,200 MW. We added an additional 5,600 MW at a capital investment of Rs 30,000 crore.
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