The sultry summer has not only put an extra burden of ₹300 crore on Punjab State Power Corporation Limited (PSPCL) but also dented the image of the government as long power cuts have become a norm in the state.
Due to power shortage, it’s for the first time that the PSPCL has purchased ₹300 crore of extra power from the grid in the month of April.
In the absence of timely support from the state government, the PSPCL had no other option but to go for a short-term loan of ₹500 crore for the purchase of power in April.
