Despite subsidy, power bills shock industrialists

Despite subsidy, power bills shock industrialists

The latest power bills sent to the industrial units across Punjab have come as a shock for the owners of the small and medium scale industries with the cost of power escalating up to Rs 10.5 a unit, causing a financial dent to them.

While power is being charged at Rs 5 a unit as was promised by chief minister Amarinder Singh, the Punjab State Power Corporation Limited (PSPCL) has started charging fixed load cost from the industrialists, which is over and above the power consumed. This has led to a rise in the overall cost of power. Earlier, the fixed charges were covered within the power utilized by the industries.

Dinesh Gupta, chairman of the Mandi Gobindgarh chapter of Confederation of Indian Industry (CII), who was a member of the committee formed by the industrialists to negotiate the cost of power with the state government, said it had been decided that power for industry would be capped at Rs 8.5 a unit.

However, no notification confirming the same was issued despite repeated reminders sent by the industrialists through their respective associations. Read More

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