The Punjab State Power Corporation Limited (PSPCL) has sold power worth over Rs 400 crore through open exchange without reducing power to the state’s electricity consumers and that too during the paddy season, the period of peak demand, Times of India has reported.
This is a special occasion for the PSPCL, which was rated number one in September at Indian Energy Exchange, as it has achieved this feat for the first time. The state sold 744 million units (MUs) of electricity at an average rate of Rs 5.73 per unit gaining Rs 426 crore.
Baldev Singh, chairman-cum-managing director (CMD) of PSPCL, said that, “It was for the first time in the annals of history of the PSPCL that it has sold extra power worth Rs 426 crore in a single month without imposing any power cut in the state”. He also said that Punjab was rated number one at the all-India level in selling power at the Indian Energy Exchange. Read more
Latest posts by swarajyamag.com (see all)
- Indian Railways To Cut Down Staff Strength Of Railway Board By 25 Per Cent To Enhance Efficiency - October 21, 2019
- Bengaluru: Finally A Big Rs 1,000 Crore Boost By State Government To Expedite Outer Ring Road, Airport Metro Lines - October 21, 2019
- Longest Tunnel In J&K, Chenani-Nashri Connecting Jammu To Srinagar To Be Renamed After Shyama Prasad Mukherjee - October 17, 2019