Can the shutdown cripple Punjab power corporation’s finances?

New Delhi: The fall in demand for power during the lockdown has affected the revenue streams of the Punjab State Power Corporation Limited (PSPCL), but the complete financial impact of the lockdown will have a deeper impact on the financial stability of the power corporation. Manish Sirhindi explains.

The demand imbalance
The demand imbalance created by the lockdown is all set to have a deep impact on the finance of the PSPCL as the corporation’s fixed expenditures are still visible with the Union government asking the state to meet its financial obligations towards the private electricity producers.