19-20-09-21 Daily-Punjab-PPSC Current Affairs

The information was shared by Pspcl chairman-cum-managing director A Venu Prasad after the Board of all directors approved the PSPCLs annual accounts for the year 2020-21 in its meeting, which was also attended by Additional Chief Secretary (Power) Anurag Aggarwal, Principal Secretary (Finance) KAP Sinha.

At the same time, Prasad hoped that on financial side and improvements in operations side have their ultimate impact during tariff fixation and PSPCL would keep on serving the electricity consumers with more passion in future and keep on providing quality power supply in the State.

Sharing details, PSPCL CMD said that the main reasons of profit mainly include reduction in finance cost of Rs 1,306 crore due to UDAY scheme, increase in carrying cost of Rs 577 crore for delayed payment of subsidy, increase in grant by Rs 570 crore on account of loss funding of previous years and increase in delayed payment surcharge of Rs 156 crore from consumers.

Punjab Government has provided subsidy of Rs 6,057 crores towards its commitment of free power to <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture sector, Rs 1,990 crores towards keeping the per unit energy rate to Rs five for Industrial Sector, and Rs 1,610 crores towards full bill waiver (400 units for a bill of two months) of eligible SC, BC and BPL families, he added.