Chandigarh, Jan. 8 -- The Haryana Electricity Regulatory Commission (HERC) on Wednesday directed Haryana Power Generation Corporation Limited (HPGCL) and Haryana Vidyut Prasaran Nigam (HVPN) to ensure that third-party audits of each thermal power generation plant in the state is conducted.

The directions were issued during a public hearing by the power regulator on the annual revenue requirement (ARR) petitions filed by the state's power generation and transmission companies for the coming 2026-27 financial year.

An HERC spokesperson said chairperson of the commission, Nand Lal Sharma along with members, Mukesh Garg and Shiv Kumar also directed the generating company to explore avenues for reducing borrowing costs by adopting competitiv...