PSPCl in top A+ rating by Ministry of Power

KD Chaudhri, Chairman-cum-Managing Director, Punjab State Power Corporation limited on Tuesday informed that PSPCl has been placed in top rating A+ by Ministry of Power, Government of India in its 3rd Annual Integrated Rating Exercise covering 40 State Power Distribution Utilities in India. This rating grades PSPCl with a very high operational and financial capability.

The CMD said this was a proud moment for PSPCl and Punjab. He said the rating exercise carried out by Ministry of Power, Government of India is very important step towards highlighting the focus areas for improvements in the distribution sector by State Power Utilities.

Chaudhri said the rating of Distribution Utilities was carried out considering the weightage of key factors and disclosed that PSPCl has been assigned the best rating based upon Net Profit reported in the last two years, Comfortable Capital Structure Post restructuring, Improving Revenue level and Satisfactory AT&C loss levels, Un-bundling and Corporatisation of the erstwhile PSEB, Fuel &  Power Purchase Cost Adjustment Frame Work and low Receivable & Payable days. The CMD said PSPCl has been awarded the best rating in spite of having one of the lowest tariff structure in the Country.