The Punjab State Power Corporation Ltd (PSPCL) has made a revenue of Rs 564.76 crore for interval ending September as towards a lack of Rs 1,880.25 crore within the year-ago interval.
Under the Aam Aadmi Party (AAP) authorities led by Chief Minister Bhagwant Mann, the well timed reimbursement of Rs 12,342 crore subsidy to PSPCL helped significantly, in response to an announcement.
The Punjab authorities’s assist was very important for PSPCL to attain the revenue of 564.76 crore. The state authorities’s function was instrumental in amplifying the facility firm’s income surge and tariff changes.
PSPCL took a number of measures to make sure that energy buy value stays below verify, the assertion stated. It ensured 19 per cent extra era from state-owned thermals at Lehra Mohabbat and Ropar as a consequence of availability of cheaper coal from its Pachhwara coal mine.
It generated 21 per cent extra energy from personal hydel vegetation; 14 per cent extra era from BBMB hydel vegetation, and 13 per cent extra banking of energy with different states.
There has been a 48 per cent discount in energy buy by quick time period and buy from change.
No imported coal was used on the state thermal vegetation in Ropar and Lehra Mohabbat as a consequence of operationalisation of the Pachhwara coal mine. A miniscule quantity of imported coal was used at non-public thermals at Rajpura and Talwandi Sabo.
PSPCL’s sale of energy in change was price Rs 924 crore from April to September 2023 towards Rs 293 crore from April to September 2022.
The energy buy from change was price Rs 1,138 crore at a mean fee of Rs 4.59 per unit in 2023, as towards Rs 1,914 crore at Rs 5.54 per unit in 2022. Transmission and distribution losses have decreased by 1 per cent.
