POWER

Cheap power a dream as PSPCL fights financial crunch

Over five years after the state government declared that the Punjab State Power Corporation Limited (PSPCL) was “power surplus”, cheap power remains a distant dream.

PSPCL is fighting a severe financial crunch owing to power subsidies, default in payment of power bills by government departments and payment of coal washing charges to private power plants.

Power rates for domestic consumers in Punjab are now the highest in the northern region and municipal tax, cow cess, increased electricity duty and social security surcharge on power bills have added to the woes.

Source
The Tribune India
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