PSPCL introduces OTS for pending electrical works
POWER & RENEWABLE ENERGY

PSPCL introduces OTS for pending electrical works

Punjab State Power Corporation (PSPCL) has unveiled a 'One Time Settlement' (OTS) initiative aimed at resolving pending electrical projects within approved colonies in Ludhiana. This scheme offers a potential solution for plot and property owners in colonies where promoters and developers had sold plots without obtaining necessary clearances from PSPCL or failed to establish local distribution systems and power supply networks as mandated by the Punjab Apartment and Property Regulation Act (PAPRA).

The OTS scheme is a final opportunity for non-compliant promoters to rectify their projects. This move is in line with an order issued by the Punjab State Electricity Regulatory Authority (PSERC) via a commercial circular. The scheme will remain in effect until July 24, 2024. If promoters fail to adhere to the directive, the competent authority has the discretion to revoke their licence due to non-compliance with the NOC terms or the PAPRA regulations.

The PSERC's directive also instructs PSPCL to provide developers with a window to complete their internal electrical installations within their respective colonies. Cases of non-compliance or violation of PAPRA provisions and NOCs issued by PSPCL are to be reported to the competent authority.

In case the competent authority doesn't take action against the promoters within three months, PSPCL is empowered to pursue legal avenues to ensure adherence to PAPRA provisions.

The OTS scheme encompasses developers and promoters who were granted NOCs by PSPCL up to December 31, 2014, and also includes NOCs given after January 1, 2015, provided their licences haven't been cancelled or suspended under Section 5(14) of the PAPRA.

The scheme outlines conditions such as maintaining the approved layout plan of the project for which the original NOC was issued, and ensuring that contiguous projects as per PSPCL records aren't eligible for the OTS scheme. Additionally, the original NOC's estimated project load should remain unchanged for the purposes of amendments or extensions.

Punjab State Power Corporation (PSPCL) has unveiled a 'One Time Settlement' (OTS) initiative aimed at resolving pending electrical projects within approved colonies in Ludhiana. This scheme offers a potential solution for plot and property owners in colonies where promoters and developers had sold plots without obtaining necessary clearances from PSPCL or failed to establish local distribution systems and power supply networks as mandated by the Punjab Apartment and Property Regulation Act (PAPRA).The OTS scheme is a final opportunity for non-compliant promoters to rectify their projects. This move is in line with an order issued by the Punjab State Electricity Regulatory Authority (PSERC) via a commercial circular. The scheme will remain in effect until July 24, 2024. If promoters fail to adhere to the directive, the competent authority has the discretion to revoke their licence due to non-compliance with the NOC terms or the PAPRA regulations.The PSERC's directive also instructs PSPCL to provide developers with a window to complete their internal electrical installations within their respective colonies. Cases of non-compliance or violation of PAPRA provisions and NOCs issued by PSPCL are to be reported to the competent authority.In case the competent authority doesn't take action against the promoters within three months, PSPCL is empowered to pursue legal avenues to ensure adherence to PAPRA provisions.The OTS scheme encompasses developers and promoters who were granted NOCs by PSPCL up to December 31, 2014, and also includes NOCs given after January 1, 2015, provided their licences haven't been cancelled or suspended under Section 5(14) of the PAPRA.The scheme outlines conditions such as maintaining the approved layout plan of the project for which the original NOC was issued, and ensuring that contiguous projects as per PSPCL records aren't eligible for the OTS scheme. Additionally, the original NOC's estimated project load should remain unchanged for the purposes of amendments or extensions.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement