Patiala: Non-payment of electricity subsidy dues, waiving off the dues of domestic consumers and the default amount of the government department in the year 2021-22 posed a big challenge. Punjab It may be difficult for the State Power Corporation Limited (PSPCL) and the next government of Punjab to deal with the financial crisis in the coming times.
The government will have to clear the dues including over Rs 8,000 crore power subsidy and the government department’s default amount of Rs 2,000 crore. In addition, it will also have to clear an estimated annual power subsidy of around Rs 14,000 crore for 2022-23 to be payable in various installments. The total amount of power subsidy payable by the government to PSPCL can be around 60% of its total annual revenue requirements (ARR).
As per the available data, the total subsidy payable by the government to PSPCL for 2021-22 is Rs 20,523 crore, of which PSPCL has received Rs 11,730 crore as on February 15, 2022, with ED as a net provisional amount of Rs 2,030.89 crore. Are included. e df The balance amount in excess of Rs 8,000 crore needs to be cleared before March 31 this year.
PSERC The tariff order for 2021-22 earlier worked out a total subsidy of Rs 17,796 crore, including Rs 7,100 crore as dues for 2020-21. The annual subsidy bill for 2021-22 was Rs 10,628 crore. However, a few months before the assembly elections, the state government had reduced the 50% subsidy of Rs 3.00 per unit in the fixed charge of MS consumers, including excise duty up to 7KW for domestic consumers and 300 units per month free of cost. Waiver of dues to successors of freedom fighters and domestic consumers with a load of up to 2 kW.
“Financial constraints of PSPCL may hamper the provision of power from outside sources on short term basis during the coming paddy season. It (PSPCL) is completely dependent on timely subsidy payment from Punjab Government. The total subsidy payable by the government to PSPCL can be around 60% of its total ARR,” All. said. India Power Engineers Federation (AIPEF) spokesperson Vinod Gupta,
The government had paid Rs 1,000 crore to PSPCL in May and Rs 672.91 crore in June. Similarly, the subsidy amount paid to PSPCL is Rs 1,172.05 crore in July, Rs 450 crore in August, Rs 501.03 crore in September, Rs 1,403.09 crore in October, Rs 986.72 crore in November, Rs 894.11 crore in December, Rs 998.55 crore . 1,621.63 crore till January and February 15 this year.
The government will have to clear the dues including over Rs 8,000 crore power subsidy and the government department’s default amount of Rs 2,000 crore. In addition, it will also have to clear an estimated annual power subsidy of around Rs 14,000 crore for 2022-23 to be payable in various installments. The total amount of power subsidy payable by the government to PSPCL can be around 60% of its total annual revenue requirements (ARR).
As per the available data, the total subsidy payable by the government to PSPCL for 2021-22 is Rs 20,523 crore, of which PSPCL has received Rs 11,730 crore as on February 15, 2022, with ED as a net provisional amount of Rs 2,030.89 crore. Are included. e df The balance amount in excess of Rs 8,000 crore needs to be cleared before March 31 this year.
PSERC The tariff order for 2021-22 earlier worked out a total subsidy of Rs 17,796 crore, including Rs 7,100 crore as dues for 2020-21. The annual subsidy bill for 2021-22 was Rs 10,628 crore. However, a few months before the assembly elections, the state government had reduced the 50% subsidy of Rs 3.00 per unit in the fixed charge of MS consumers, including excise duty up to 7KW for domestic consumers and 300 units per month free of cost. Waiver of dues to successors of freedom fighters and domestic consumers with a load of up to 2 kW.
“Financial constraints of PSPCL may hamper the provision of power from outside sources on short term basis during the coming paddy season. It (PSPCL) is completely dependent on timely subsidy payment from Punjab Government. The total subsidy payable by the government to PSPCL can be around 60% of its total ARR,” All. said. India Power Engineers Federation (AIPEF) spokesperson Vinod Gupta,
The government had paid Rs 1,000 crore to PSPCL in May and Rs 672.91 crore in June. Similarly, the subsidy amount paid to PSPCL is Rs 1,172.05 crore in July, Rs 450 crore in August, Rs 501.03 crore in September, Rs 1,403.09 crore in October, Rs 986.72 crore in November, Rs 894.11 crore in December, Rs 998.55 crore . 1,621.63 crore till January and February 15 this year.