Thursday, July 09, 2020

Punjab

Baldev Singh Sran retires as CMD PSPCL

VINOD GUPTA | June 06, 2020 03:00 PM

CHANDIGARH:  Baldev Singh Sran chairman cum managing director (CMD) of the Punjab State Power Corporation Limited (PSPCL) retired today after completing his two years tenure.

The all-round improvement was visible in the Punjab power sector after hardworking and honest engineer Baldev Singh Sran took over as CMD. With the out of box thinking of Baldev Singh, PSPCL  has managed the power requirements of Punjab in a commendable manner without going in for usual short term power purchases. For the first time power was sold during summer by PSPCL gaining over Rs. 1183 crore with a profit margin of Rs.453 crore.

While there was stress on the maintenance of the distribution system to minimize power supply complaints, the power distribution system was strengthened to avoid unnecessary feeder trippings. There was a policy of zero tolerance to power theft and corruption.  Organized gangs of meter tampering for power theft were exposed and busted.

The micro hydel projects were not operating since May 2010 and they were operationalized.

 PSPCL successfully catered to record maximum demand of 13606 MW in the financial year 2019-20 and supplied highest ever 2, 999 Lakh Units (LUs) of electricity in a single day on July 3 last year while maintaining regular 8-hour power supply to agriculture Tube well Consumers and without imposing any cut on other consumer categories.

PSPCL was able to sell 397 million units of surplus power worth Rs. 187 Crore at an average rate of Rs. 4.72 per unit in the last financial year.

 PSPCL perused vigorously promoting digital transactions.  In December 2019, 74.15%, has been received through digital modes by 11.24 Lac digital transactions. Rs. 1569.8 crore out of total Rs. 2117 crore were collected through digital transactions.

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