PSPCL takes U-turn on waiver of fixed charges for 2 months

The Punjab State Power Corporation Limited (PSPCL) latest decision that fixed charges will be levied on the industry, though they can provide these in installments, has come as a big jolt to traders. The industrialists said the decision was uncalled for and it will further increase the problems of the industry already struggling for revival.

Tarun Jain Bawa from Bahadurke Knitwear and Textile Association said it was shocking to know that losses of the PSPCL will now be paid by already sinking industry.