Punjab: Industry objects to proposed power tariff hike by PSPCL

  • | Wednesday | 14th February, 2018

INDUSTRY in the state Has sharply objected to a proposed power tariff demand by the Punjab State Power Corporation Limited (PSPCL), and has sent their objections to Punjab State Electricity Regulatory Commission (PSERC). The consumers are bound to pay 72.24 paisa per unit for the interest paid by the PSPCL to the banks and other financial institutions. PSPCL has proposed an increase of 15.9 per cent in the tariff order. Industrialists also reasoned that interest being paid on present loan taken by PSPCL is Rs 3104 crore, which is costing 72.24 paisa per consumer. Industrialists firmly argued that PSPCL should not raise tariff and pass on its losses to the consumers.

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