Chairman of Punjab State Power Corporation Limited (PSPCL), KD Chaudhary, on Tuesday assured industrialists that there would no power cuts for the industry this summer. He said that the PSPCL had signed power purchase agreements with different agencies and states well in time for the summers.
"If the monsoons are normal, there will not be any problem in supplying uninterrupted power to the industry, barring those in furnace induction," Chaudhary told Hindustan Times on the sidelines of a meeting with the industrialists to listen to their grievances.
Chaudhary added that there was only one qualifier to the commitment. In case of a below average monsoon at the national level, power supply from other power companies would be erratic. He said that industrialists would be eligible to get new power connections up to 100 KW without any pre-condition of extra load to the grid.
He claimed that all proposed power plants in the state would be operational in a couple of years. Chaudhary said the transmission system is being strengthened to reduce the losses to 15% from the current figure of 18%.
He said PSPCL would invest Rs 3,500 crore to strengthen distribution. Of this, Rs 1,500 crore would be spent in the urban sector.
"Nearly Rs 200 crore has been sanctioned for Jalandhar. There will be a total revamp of the system in two years," he added.
He said that Information & Technology (IT) is being implemented in an extensive manner. Nearly 50 major towns including Jalandhar were selected in a pilot project, to be executed soon.
"PSPCL has proposed to hike power tariff more than 50%, which is highly objectionable. The industry is already struggling under power tariffs," industrialist Gursharan Singh said.
Another industrialist Vijay Talwar demanded exemption of the induction units up to the capacity of 500 KW from the category of intensive power consuming units.