Punjab Chief Minister Bhagwant Mann said that the had cleared all dues of the state power utility, Punjab State Power Corporation Limited (Pspcl), by clearing the subsidy bill of Rs 20,200 crore. At the same time, the Chief Minister claimed that there would be no power crisis in the state as power generation would be beyond capacity.
At the same time, the Chief Minister made it clear that notwithstanding the mounting debt on the state, the power subsidy would continue.
Besides clearing PSPCLs all dues, the Government has also promised to pay the legacy outstanding of Rs 9,020 crore in instalments in five years. The government has already paid the first instalment of Rs 1,804 core and the interest of Rs 663 crore.