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News Brief | June 2013

Punjab Govt okays trading company to sell surplus power

Punjab government has permitted its Punjab State Power Corporation to set up a separate power trading company to sell the surplus power likely to be generated from the upcoming thermal plants in the state to other states. A decision to this effect was taken by the State Chief Minister Parkash Singh Badal in a meeting with the whole time Director L&T SN Roy, who called on Badal to update him regarding the status of Rajpura Thermal Plant in Chandigarh. The Chief Minister directed the Chairman of the PSPCL KD Chaudhri in the meeting to work out the modalities for establishing the power trading company so that it could be in place positively by September end this. Chaudhri apprised the Chief Minister that he had already done the desired homework in consultation with Principal Secretary Power Anirudh Tiwari and assured the Chief Minister to meet the deadline for setting up of power trading company as it was a highly professionalised and technical task to be undertaken with due care and deliberation by hiring the services of financial experts and technocrats.
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