Power purchase audit shows that Punjab State Power Corporation Limited (PSPCL) suffered a loss of Rs. 1741.82 crore in three years period of 2010-13 due to inefficient planning of power purchase. These are the findings of ABPS Infrastructure which was engaged by Punjab State Electricity Regulatory Commission (PSERC) to carry out study on power purchase and related matters of PSPCL. PSERC has now invited comments from public on the report up to March 28.
The move of Larsen and Toubro Ltd (L&T), India's largest construction and engineering company to sell its 1400 MW Rajpura Thermal Power Plant comes as a shock and speaks volumes about the hollowness of the pro-industry policies of Punjab Government and working of the Investment Promotion Group.
PSEB Engineers Association has decided to observe today, 10th of February as black day ,the first working day of new term of CMD / PSPCL to protest against Governments draconian move to amend the tripartite agreement unilaterally.