‘Efforts to reduce PSPCL’s debt showing results’

PATIALA: Chief minister Amarinder Singh said regardless of having inherited an enormous debt of over Rs 31,000 crore, Punjab State Power Corporation Limited (PSPCL) was once now on target for financial revival as measures being taken by way of it and the state govt had been strengthening the corporation’s financial health.

Amarinder was once in Patiala to handed over appointment letters to 25 of the 3,683 candidates recruited by way of PSPCL beneath ‘Ghar Ghar Rozgar and Karobar’ scheme. On the occasion, he said the corporation was once buying cheaper power by way of signing new acquire agreements with resources outside the state and promoting its surplus power at higher charges in the open market that was once additionally helping it to consolidate financial its status.

Showing confidence in govt’s determination to provide subsidized power to the industry, the CM said measures had started yielding effects as around 100 industrial devices that have been shut down had now been revived.


Amarinder, who had not too long ago given a go-ahead to the undertaking to install meters at agriculture pumpset (AP) connections and paying subsidies without delay to farmers instead of the PSPCL, drew the eye of the state farmers towards retaining water and use of power environment friendly motors in view of the declining water desk.


Addressing a meeting at Patiala, the CM additionally stated that the ‘Ghar Ghar Rozgar and Karobar’ marketing campaign have been an enormous hit in Punjab as greater than 1.65 lakh early life got jobs or started their own companies after his govt came to power adding that they had been dedicated to offering extra jobs and vacancies that exist in more than a few state departments would quickly be filled.


He said regardless of having inherited large financial burdens, the government had grew to become the wheel at the path of monetary revival, but even so ensuring implementation of farm debt waiver scheme, which would be finished by way of November.


Health minister Brahm Mohindra said two key ballot guarantees made by way of Amarinder in election manifesto – farm debt waiver and job for each and every family – had been on target.
‘Efforts to reduce PSPCL’s debt showing results’ ‘Efforts to reduce PSPCL’s debt showing results’ Reviewed by Kailash on June 05, 2018 Rating: 5
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