To provide uninterrupted, reliable, and quality power supply to all categories of consumers in Punjab, the state power utility, Punjab State Power Corporation Limited (PSPCL), has focused on strengthening their distribution sector and power purchase including transmission works in their budget provisions of Rs 36767.37 crores for the year 2021-22.
“PSPCL has made budget provisions of Rs 36767.37 crores for the year 2021-22 which includes Rs 34,688.68 crores for revenue expenditures and Rs 2,078.69 crores for capital expenditure,” said PSPCL chairman-cum-managing director A Venu Prasad.
Giving details, Prasad said that Rs 23,862.38 crores will be spent on power purchase including transmission charges. “This amount will be spent on the power purchase for agriculture consumers and other consumers for paddy and summer season,” he said.
Highlighting the salient features of capital expenditure, Prasad said that Rs 1,520.74 crores will be spent on the distribution works for uninterrupted, reliable, and quality power supply to all categories of the consumers.
“Rs 200 crores will be spent on the release of new connections for the consumers. To strengthen transmission network in the state, Rs 327.80 crores will be spent on sub-transmission works and more than Rs 747.81 crores will be spent on the normal distribution works,” he added.
Besides, Rs 205.14 crores have been earmarked for the repair and maintenance of the hydel projects and Rs 223.40 crores will be spent on the repair and maintenance and other works of the thermal plants of the PSPCL. “Rs 88 crores will be spent on the solar PV plants at the various buildings of the PSPCL,” he added.