Chandigarh, May 31 -- Former Haryana finance minister Sampat Singh on Saturday demanded a forensic audit of all power purchase agreements (PPAs) signed by the Haryana power utilities in the last 10 years. In a statement, the Indian National Lok Dal (INLD) leader said that utilities should make a public disclosure of the financial losses incurred from the past bad PPAs and deferred surcharges.

Reacting to the Haryana Electricity Regulatory Commission's (HERC) recent rejection of a proposal by power utilities to procure 340 MW of electricity from seven hydroelectric projects for 40 years, citing uncertainty over tariffs, possible scheduling delays and cost overruns impacting consumers with higher power costs, Singh said that no PPA exceedi...