PSPCL Posts Rs 564 Crore Q3 Profit On Lower Power Purchase, More Generation



Punjab State Power Corporation Limited (PSPCL) posted a profit of Rs 564.76 crore for the period ended September against a loss of Rs 1,880.25 crore in the year-ago period.

Under the Chief Minister Bhagwant Mann-led Aam Aadmi Party (AAP) government, timely payment of Rs 12,342 crore subsidy to PSPCL helped considerably, according to a statement.

The Punjab government’s support was vital for PSPCL to achieve a profit of Rs 564.76 crore. The role of the state government was important in increasing the revenue of power companies and increasing the tariff adjustment.

The statement said that PSPCL has taken several measures to ensure that power purchase costs are kept under control. It also secured another 19 per cent production from state-owned Tapmal at Lehra Mohabbat and Ropar due to the availability of cheap coal from its Pachwara coal mine.

It produced 21 percent more electricity than its own hydel plant; 14 percent more generation from BBMB Hydel plant and 13 percent more power banking with other states.

Power purchases through short-term and off-exchange purchases declined by 48 percent.

No imported coal was used in the state thermal plants at Ropar and Lehra Mohabbat due to the commissioning of the Pachwara coal mine. A small amount of imported coal was used in private thermals at Rajpura and Talwandi Sabo.

PSPCL’s power sales in exchange were Rs 293 crore from April to September 2022 as against Rs 924 crore from April to September 2023.

Power worth Rs 1,138 crore was purchased from the exchange at Rs 4.59 per unit in 2023, compared to Rs 1,914 crore in 2022 at Rs 5.54 per unit. Transmission and distribution losses reduced by 1 percent.



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