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Govt may invoke emergency powers to let power producers step out of PPAs

The government would allow these plants to sell electricity on the power exchanges if the states they have PPAs with do not buy costlier electricity generated by them, people aware of the deliberations told ET. The proposed mandate will ensure these projects operate and sell to distribution companies under their existing contracts or sell on power exchanges if power retailers refuse offtake due to higher costs.

from Industry-Economic Times
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