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In a severe blow to Uttar Pradesh Power Corporation (UPPCL), Power System Operation Corporation (Posoco) has blocked the company from purchasing any electricity from power exchanges due to alleged lapses. UPPCL has faced the action for deliberately keeping state power generating companies, including independent power producers, out of the ambit of the Union power ministry’s order regarding implementation of a payment security mechanism-based scheduling of power at intra-state level.

Source: Financial Express Go to