Deficit cut, annual subsidy bill cleared, yet PSPCL’s debt cause of concern


Deficit cut, annual subsidy bill cleared, yet PSPCL’s debt cause of concern

Even after restricting of the loans, under the Ujjwal Discom Assurance Yojana (UDAY), has cut down the interest cost by Rs 600 crore, the high debts of Punjab State Power Corporation Limited (PSPCL) continue to be a cause of concern.

As per the multi-year tariff petition (MYTP) for the years 2017-18, 2018-19 and 2019-20, the PSPCL had projected revenue deficit of Rs 5,577 crore, which when clubbed with a carry forward of Rs 5,998 crore from the previous years adds up to Rs 11,575 crore. Adding up the liabilities of Rs 20,262 crore, the total debt of the PSPCL stood at Rs 32,235 crore in 2018.

In 2017, the PSPCL expected a revenue generation of Rs 27,142.43 crore against a net revenue requirement of 32,718.64 crore, which left a gap of Rs 5,524.53 crore. Read More

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