To recover Rs 2,300 crore in pending bills, PSPCL announces settlement scheme


To recover Rs 2,300 crore in pending bills, PSPCL announces settlement scheme

The fund-crunched Punjab State Power Corporation Limited (PSPCL) has launched a one-time settlement scheme to recover a pending dues amounting to Rs 2,300 crore from government and private consumers who paid their past bills.

PSPCL chairman and managing director Baldev Singh Sran said the scheme, to be in force till August 31, has been offered to all categories of power consumers, except agriculture. He said PSPCL, under the scheme, has reduced the interest on delayed payments and decided to charge a single surcharge, instead of multiple ones.

Of the sum of Rs 2,300 crore, government departments owe Rs 1,200 crore to the PSPCL. According to the discom’s data, government departments in the state’s border zone are the biggest defaulters; their dues total Rs 323.36 crore.

It is by departments in the southern zone, which owe Rs 315.59 crore to the discom. The next in line are departments in the western zone (Rs 267.21 crore) and northern zone (Rs 153 crore). Read More

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