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The Bhagwant Mann government of Punjab has paid the entire balance of Punjab State Electricity Corporation Limited (Power Corporation) amounting to Rs.20200 crores. The government’s subsidy for 2022-23 was Rs 20,200 crore.
This is the first time that the government has paid all the subsidy of the Power Corporation. The CMD of the Power Corporation, Eng. According to Baldev Singh Saran, apart from the subsidy of Rs 20,200 crores of the previous financial year, the Bhagwant Mann government has also paid Rs 1,804 crores out of the Rs 9,020 crores owed by the previous governments and now Rs 7,216 crores are left due annually. 1804 crore will be paid in 4 years.
Since the Bhagwant Mann government started giving 300 units of electricity for free, the opposition has been accusing the government of killing the power corporation. Outstanding subsidy has always been a major political issue in the state.
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