CICU demands PSPCL to rollback its move to increase power tariff | punjab | Hindustan Times
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CICU demands PSPCL to rollback its move to increase power tariff

Chamber of Industries and Commercial Undertakings (CICU) president Avtar Singh said the proposal of Punjab State Power Corporation Ltd (PSPCL) for seeking hike in power tariff by 65paisa per unit, submitted to Punjab State Electricity Regulatory Commission (PSERC) was uncalled.

punjab Updated: Dec 27, 2013 18:48 IST
HT Correspondent

Chamber of Industries and Commercial Undertakings (CICU) president Avtar Singh said the proposal of Punjab State Power Corporation Ltd (PSPCL) for seeking hike in power tariff by 65paisa per unit, submitted to Punjab State Electricity Regulatory Commission (PSERC) was uncalled.

He said it would have a negative impact on the industry, resulting to increase in the cost of production.
Avtar said, "This proposal is contrary to the industrial investment opportunities offered by Punjab deputy chief minister Sukhbir Singh Badal during the recent meetings held with the leading industrialists of Punjab at SAS Nagar and Ludhiana."

CICU general secretary Upkar Singh Ahuja said in the current fiscal year, PSERC had already allowed an increase in the power tariff by 64paisa per unit that is Rs 5.10 to Rs 5.74 (12.55%) for small scale industry, 65paisa per unit that is Rs 5.61 to Rs 6.26 (11.58%) for medium industry and 72paisa per unit that is from`5.61 to `6.33 (12.83%) for general industry.

"PSPCL has been requested to organise functioning in order by reducing man power, transmission and distribution losses, transit loss of coal and curbing the menace of theft of energy, then there will be no need to revise the power tariff regularly. Further, there is still ample scope of savings in the administrative expenditure of the PSPCL," said Ahuja.

CICU requested chief minister Parkash Singh Badal to advise PSERC chairman not to grant approval to the proposal of PSPCL seeking hike.