The power subsidy payable by Punjab Government to power corporation may cross a whopping ₹20,000 crore as per the revised estimates of Punjab State Power Corporation Limited (PSPCL) and the government’s commitment to clear previous arrears of subsidy in five equal instalments of ₹1,804 crore. The PSPCL has submitted its projections to the Punjab Finance Department, which is preparing the budget.
This calculation is based on the current tariff, and once the tariff increases (likely on March 31, 2023), due to a rise in coal and freight charges, the subsidy amount will certainly cross the ₹20,000 crore.
