CERC cancels Sasan’s power project commissioning

by Paul Joseph on June 27, 2013 · 0 comments

The Central Electricity Regulatory Commission has said that it is cancelling the commissioning date of the Sasan Power Ltd’s ultra-mega power project accusing the company of violating norms. The CERC said that the Sasan Power, which is a part of the Anil Ambani group, has flouted norms and thus the power project cannot be commissioned. Under the currency norms, all power units must operate for a period of 72 consecutive hours at, or above, 95 per cent of its contracted capacity. read more

[via Stock Watch – Stock Specific News]

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