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PATIALA: The financial survival of Punjab State Power Corporation Limited (PSPCL) hinges on the payment of complete subsidy in the current financial year and the clearance of dues by the defaulting government departments.
A huge power subsidy shortfall of more than Rs 5,500 crore till January 31 has left the PSPCL worried, as the figure will jump by the end of financial year 2020-21 and the state government will not clear the subsidy arrears by then, probably. Even the last fiscal, it didn’t clear these arrears worth Rs 5,779 crores. Now, the payable subsidy for the current fiscal is Rs 16,400 crore, of which Rs 10,621 crore is for the year 2020-21.