Covid-19: Punjab Power Corporation may lose Rs 450 crore during 21-days lockdown

The 21-days lockdown announced by Prime minister Narinder Modi on Tuesday shutting down all commercial establishments, industries and suspension of rail services has started denting the finances of Punjab State Power Corporation Limited (PSPCL) and it might lose Rs 450 crore during the lockdown. In Punjab, a curfew ordered by the chief minister Capt Amarinder Singh is already in force since Monday.

The lockdown has led to a sharp dip in demand for power and it will impact the revenue of state power corporation which is only dependent upon the sale of power to sustain its financial operations.

In Punjab, the power demand has come down to 2900 MW on Tuesday from 5000 MW on Friday and power supply is reduced to 700 lakh units (LU ) from 1050 LU. The fall in power demand is because of the suspension of train services, shutting down of industry and other commercial establishments which consume 350 LU per day in Punjab.

According to a highly placed source in the PSPCL, the daily revenue loss is around 20 crore per day and as Punjab is under shutdown since Sunday the cumulative losses will be around Rs 450 crore.

The same is the case with Haryana where power supply on Tuesday was 850 LU against 1175 LU five days earlier on March 20. The power demand has come down to 3800 MW from 5800 MW in five days. The revenue loss for both the Discoms will be around Rs 18 crore per day.

As per data provided by the Northern Region Load Dispatch Centre (NRLDC), the power demand in the northern region has come down by more than 11000 MW from 41253 MW to 30563 MW in five days.

ET Energy World
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