Uttar Pradesh DISCOM to Pay ₹14.59 Billion for Unmet Renewable Purchase Obligation
The Commission asked the state DISCOM to deposit ₹72.45 billion in RPO Regulatory Fund in ten equal installments
June 21, 2021
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The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, directed Uttar Pradesh Power Corporation Limited (UPPCL) to deposit ₹72.45 billion (~$978 million) in the renewable purchase obligation (RPO) Regulatory Fund, including ₹14.59 billion (~$197 million) on account of shortfall in RPO compliance until the financial year (FY) 2020-21 and ₹57.85 billion (~$780.93 million) against projected RPO requirements for FY 2021-22.