PATIALA: Payment of subsidies has created serious financial problems for PSPCL and financial constraints have been reflected in the shortage of important materials, payments delayed to suppliers and contractors, and thus blocking development work.
This was stated by the power engineer association to the state government and executive director of the Chairperson of the Punjab State Power Corporation Limited (PSPCL).
In a letter to PSPCL CMD and state government officials The PSEB engineer association claims that because it does not pay subsidies etc., routine development work and new generation factories are not executed in the department.
Because of financial constraints, PSPCL cannot instill equity in new projects.
Even the payment of retired employees has been postponed.
Psebea Secretary General Singh Atwal said that PSERC had succeeded in RS 17,800 crore as a subsidy for the current financial year and around Rs 10,284 Crore was paid at the end of October 2021.
However, only RS 5,647 Crore has been paid and the number of defaulty.
Today is Rs 4,637 Crore.
He said that now, the PSPCL management has released the default consumer arrears to the 1,500 crore Rs Nada and is meditating to implement a reduction in tariffs produced by further losses of rs 3,300 crore more in the instruction of the Punjab government.
Furthermore, the power bill of RS 2000 Crore from the state government department was also delayed.
Atwal said that the PSPCL management decision to allow this new subsidy of 4,800 crore which is not part of the order rate, without the approval of the PSERC regarding the method of payment of subsidies, is a serious violation of the 2003 Electricity Law.
He said the tariff was based on the ARSPCL and Punjab commitment Govt to provide subsidies to various parts of consumers.
Non-Payment Subsidies for PSPCL HITTING DEVELOPMENT Works: Engineers Power To Punjab Govt
