‘Power’ Is Money: Punjab Electricity Board Earns Over Rs 400 Crore In A Month Through Energy Exchange


‘Power’ Is Money: Punjab Electricity Board Earns Over Rs 400 Crore In A Month Through Energy Exchange

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

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