Summary:
PATIALA: With the Punjab State Electricity Regulatory Commission (PSERC) allowing the Punjab State Power Corporation Limited (PSPCL) to recover a sum of Rs 146.35 crore on account of increase in fuel cost adjustment (FCA) surcharge for power generation , power is all set to cost a more in the state.In the latest order, the commission has approved the recovery on account of additional cost paid by the power corporation for generating power at its own thermal generating stations and increase in power purchase cost from other thermal stations under long-term contract during the fourth quarter of 2017-18 fiscal. Accordingly, the fuel cost of PSPCL’s Thermal Generating Stations has been reworked by considering the actual transit loss of (-) 1.22% and (-) 2.86%, respectively for GGSSTP and GHTP. 146.35 crore on account of increase in fuel cost which would be levied during the second quarter of current, subject to reconciliation or validation during the true-up of FY 2017-18. The corporation said these additional charge son coal increase the coal price by O.55% to 4.07%. The Commission observes that PSPCL had worked out the fuel cost of own thermal plants by taking transit loss of coal as 1% instead of actual which is less than 1%..