UPERC initiates suo motu proceedings against UPPCL for expensive power procurement

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has initiated suo motu proceedings against Uttar Pradesh Power Corporation Limited (UPPCL) over the procurement of expensive power. The commission noted that UPPCL signed PPAs for around 5,056 MW capacity at Rs 3.20 per unit to Rs 5.10 per unit, despite power availability at the exchanges at less than Rs 2 per unit.