CERC directs JKPLC to clear Rs 116.97 crore DSM dues, open LC
The Central Electricity Regulatory Commission (CERC) has directed Jammu & Kashmir Power Corporation Limited (JKPLC) to clear outstanding Deviation Settlement Mechanism (DSM) dues of about Rs 116.97 crore and to open a Letter of Credit (LC) to secure future payments. The order underscores the need for financial discipline to maintain grid reliability. In its April…