NITMA urge Punjab CM to roll back decision to hike in peak load tariff

Punjab State Electricity Regulatory Commission for industrial consumers to order hike in peak load tariff from June this year in the state against which Northern India Textile Mills Association (NITMA) has sought intervention of chief minister Amarinder Singh to hold back the decision.

The president NITMA Rajiv Garg in a statement said that industry in Punjab was expecting an early implementation of policy to supply power to industrial sector at Rs 5per unit as was announced on 17 th April 2017 by the government of Punjab. The decision would make the power costlier by paise 78 from next month.

As per PSERC orders, the Time of Day tariff was also withdrawn that comprised of normal tariff minus Rs 1 per KVA from 10PM T 6 am next day (8 hours) for the industrial consumers.

The Northern India textile industry is seeing the PSERC orders as backdoor increase in hike as the power tariff are still to be announced for the current financial year.

However, the association maintained that during an interaction with Apex Chamber of Commerce & Industry (Punjab) at Ludhiana on 25 th May 2017, the CMD of Punjab State Power Corporation Limited A Venu Prasad had indicated that the process was underway to supply power to the industrial sector at R 5 per unit as promised by the Punjab chief minster Captain Amarinder Singh.