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Covid-19: Punjab Power Corporation may lose Rs 450 crore during 21-days lockdown

The 21-days lockdown announced by Prime minister Narinder Modi on Tuesday shutting down all commercial establishments, industries and suspension of rail services has started denting the finances of Punjab State Power Corporation Limited (PSPCL) and it might lose Rs 450 crore during the lockdown. In Punjab, a curfew ordered by the chief minister Capt Amarinder Singh is already in force since Monday.The lockdown has led to a sharp dip in demand for power and it will impact the revenue of state power corporation which is only dependent upon the sale of power to sustain its financial operations.In Punjab, the power demand has come down to 2900 MW on Tuesday from 5000 MW on Friday and power supply is reduced to 700 lakh units (LU ) from 1050 LU......

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