HomeNewsBusinessEconomyGovt to provide power at Rs 5 per unit to industry: Amarinder Singh

Govt to provide power at Rs 5 per unit to industry: Amarinder Singh

The chief minister directed the power secretary and the chairman of Punjab State Power Corporation Limited (PSPCL) to examine the implications of the two-part tariff and issue an advisory to the concerned department to freeze industrial power tariff at Rs 5 per unit from November 1, as approved by the state cabinet.

October 24, 2017 / 08:50 IST
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Punjab Chief Minister Capt Amarinder Singh said that his government will provide power at Rs 5 per unit to the industry, as approved by the state cabinet, notwithstanding a two-part tariff announced by the state electricity regulatory commission.

The chief minister directed the power secretary and the chairman of Punjab State Power Corporation Limited (PSPCL) to examine the implications of the two-part tariff and issue an advisory to the concerned department to freeze industrial power tariff at Rs 5 per unit from November 1, as approved by the state cabinet.

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He reiterated his commitment to provide tariff for the industry at Rs 5 per unit for five years under the "Industrial and Business Development Policy 2017" notified on October 17, and said his government will work to ensure that it meets its promise in this regard, according to an official.

While it was the prerogative of the commission to fix power tariff in all categories under the provisions of the Electricity Act, 2003, the government will ensure that it meets its commitment to power users, the chief minister said in the wake of the notification of the Punjab State Electricity Regulatory Commission (PSERC) tariff order for the year 2017-18, the official added.