Engineers predict revival of Power Corp’s finances

PATIALA: A battery of power engineers from across the state who converged on Shri Guru Teg Bahadur Hall at Punjabi University to take part in the annual common frame meeting of PSEB Engineers’ Association on Thursday predicted a quick revival of the funds of the Punjab State Power Corporation Limited (PSPCL) with the resumption of the Shahpur Kandi Hydel Project and re-operationalisation of Pachhwara coal mine.

The event that used to be held after a gap of 3 years saw participation of the state cupboard ministers Brahm Mohindra and Balbir Sidhu. During the event, president of the association Sanjeev Sood said while the Shahpur Kandi undertaking would bring in an annual saving of Rs 850 crore for the facility company, the Pachhwara Coal Mine could have an instantaneous annual good thing about Rs 650 crore.


Chairman cum Managing Director of the PSPCL Baldev Singh Sran said this 12 months the company had been ready to deliver down its financial losses from Rs 2836 crore in 2017 to Rs 908 crore as they bought surplus power price Rs 975 crore in the open marketplace and that even all the way through the peak paddy seasons with out implementing any regulatory measures (power cuts) and ensuring 8 hour uninterrupted power provide to the agricultural sector. Last 12 months the company could handiest promote power price Rs 445 crore.


Chief patron of the association Padamjit Singh sought that the government should review the verdict of shutting down four thermal gadgets at the Bathinda and two thermal gadgets Ropar power vegetation. The power engineers asked Chief Minister Capt Amarinder Singh to interfere and sign in a powerful protest with the central executive against the proposed amendments being made to the Electricity Act 2003, which they claimed were an instantaneous attack on federal construction of the country. Besides, different demands of the association together with higher pay scale for newly recruited assistant engineers and permitting the facility companies to pay regular pay scales to new recruits were also discussed all the way through the meeting.


Speaking in the instance Brahm Mohindra said engineers had played an important function in bettering state’s financial system and in addition congratulated them for ensuring uninterrupted power provide. He said the government used to be ready to put into effect key choice of offering power to industry at lower tariff because of reinforce prolonged by the engineers.


Principal Secretary Power A. Venu Prasad confident the engineers of resolving the pending demand related to pay parity different problems. Shailender Dubey, President of All India Power Engineers’ Federation, condemned the amendments proposed by Central Government to the Electricity Act 2003.
Engineers predict revival of Power Corp’s finances Engineers predict revival of Power Corp’s finances Reviewed by Kailash on November 30, 2018 Rating: 5
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