Power to again cost more in Punjab

With the Punjab State Electricity Regulatory Commission (PSERC) allowing the Punjab State Power Corporation Limited (PSPCL) to recover a sum of Rs 146.35 crore on account of increase in fuel cost adjustment (FCA) surcharge for power generation, power is all set to cost a more in the state.

In the latest order, the commission has approved the recovery on account of additional cost paid by the power corporation for generating power at its own thermal generating stations and increase in power purchase cost from other thermal stations under long-term contract during the fourth quarter of 2017-18 fiscal.

The FCA surcharge will be levied during the second quarter of current fiscal and the increased cost will subsequently get passed on to the power consumers in the state. Read More