Punjab CM writes to PM for fiscal package for power sector

CHANDIGARH: Citing the severe cash deficit and adverse impact on the finances of the State Discoms amid the COVID-19 lockdown, Punjab Chief Minister Captain Amarinder Singh on Wednesday asked Prime Minister Narendra Modi for a financial package for the Power sector, while suggesting a slew of measures to rescue PSPCL and other from the current crisis and ensure that the consumers are not harassed or hassled in these difficult times.

Power Finance Corporation (PFC), Rural Electrification Corporation (REC) Limited and other Financial Institutions should provide loans to Power sector at reduced rates 6% per annum for bridging Revenue Gap, suggested Captain Amarinder.