PSPCL Achieves ₹175 Cr Revenue Surge, Reflecting AAP Government’s Transparent Governance
Chandigarh, April 19
Punjab Power Minister Harbhajan Singh ETO announced that Punjab State Power Corporation Limited (PSPCL) has made remarkable progress in improving consumer services, increasing revenue, and implementing transformative operational reforms, resulting in a ₹175 crore revenue boost in the last financial year.
In a statement, the Minister highlighted PSPCL’s Commercial Department’s key achievements through December 31, 2024, driven by strategic initiatives to enhance consumer experience and streamline processes.
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One Time Settlement (OTS) Scheme
Launched on September 23, 2024, the OTS scheme targeted defaulting consumers (excluding Agricultural Pump-set and Government connections) to settle dues as of September 30, 2023. Offering reduced late payment interest and waived surcharges, the scheme ran until December 22, 2024, providing significant relief to participants.
Voluntary Disclosure Schemes (VDS)
- Agricultural Consumers: The VDS for farmers allowed regularization of additional motive load on Agricultural Tubewell Connections (as of March 7, 2024) at concessional rates: ₹2,500/BHP (instead of ₹4,750/BHP) for Service Connection Charges and ₹200/BHP (instead of ₹400/BHP) for Security Consumption. Running until August 22, 2024, it saw 84,118 farmers enhance 3,68,802 BHP, saving ₹82.98 crore.
- Domestic Supply (DS) and Non-Residential Supply (NRS) Consumers: This scheme enabled regularization of additional load for DS connections (up to 50 kW) and NRS connections (up to 20 kW) with a 50% reduction in Service Connection Charges. By August 22, 2024, 3,15,164 DS consumers added 756,119 kW, contributing ₹85.73 crore, while 15,496 NRS consumers added 47,676 kW, contributing ₹7.31 crore.
Industry-Friendly Reforms
To improve ease of doing business, PSPCL introduced:
- Expedited Demand Extension: Additional Contract Demand (up to 10% of sanctioned demand or 500 kVA) is now processed in 15 days, available once every three years.
- Simplified Feasibility Clearance: Eliminated for demands between 500 kVA and 2,000 kVA, reducing connection processing time.
- Normative Costing: For loads up to 150 kW/kVA, charges are now based on per kW/kVA rates, eliminating separate demand notices.
- Enhanced Infrastructure: Voltage level capacity at 11 kV increased from 4 MVA to 5 MVA.
- Reduced Timelines: Faster issuance of demand notices and feasibility clearances.
Support for Seasonal Industries and Solar Consumers
- Seasonal Industries: The settlement period for industries like cotton ginning, rice shellers, and kinnow grading centers was revised to April 1–March 31 from October 1–September 30, aligning with operational needs.
- Rooftop Solar: Systems up to 10 kWp require no technical feasibility clearance, while larger systems have a 15-day clearance timeline.
Digital Transformation
The Aadhaar-based e-KYC system (Phase-I) was integrated into PSPCL’s Single Window System for DS and NRS connections up to 100 kW/kVA. Applicants using Aadhaar verification no longer need to submit identity proof or sign agreements, enabling a paperless, secure, and efficient process.
Minister’s Statement
Power Minister Harbhajan Singh ETO stated, “Under Chief Minister S. Bhagwant Singh Mann’s leadership, Punjab’s power sector is undergoing a historic transformation. PSPCL’s ₹175 crore revenue growth in FY 2024-25 reflects our commitment to corruption-free governance, consumer-centric services, and operational excellence. From ensuring reliable power for farmers to advancing digital and sustainable initiatives, we are building a robust power infrastructure that meets the needs of Punjab’s citizens.”
