FMAI: Appoint retired Justice as PSERC Chairman

Ludhiana, February 3, 2014: Narinder Bhamra, President, Fastener Manufacturers Association of India has stated that Punjab State Power Corporation Limited (PSPCL) has submitted Annual Revenue Requirement (ARR) Petition for the year 2014-15 before Punjab State Electricity Regulatory Commission (PSERC).  Chairman of the commission Romila Dubey visited the city for hearing public objections on today at PSPCL.
In a statement here today, he added the Fastener Manufacturers Association of India strongly condemn the decision of PSPCL & have decided not to file ARR objections due to non-cooperative behavior of PSERC. The commission is not doing their duty honestly.  In all decisions, objections/Petitions the commission is pro-PSPCL. All processes of ARR such as submission, filing objections and public hearing is just a formality, he added.
Further, he said for the last so many years their association has filed objections. “We have also approached PSERC on so many issues like wheeling charges, cross subsidy, excess fuel surcharge and electricity losses. But nothing has been done in this regard”, he said, adding these charges are double in Punjab from neighbourer states. Even power rates of Punjab are the highest in the region. Every year rates of power are increased arbitrarily.
The commission has not worked properly and honestly, he said, adding every year rates have been announced late and charged retrospectively which is a huge burden on the industry.
FMAI demands from the government to appoint a retired Justice as PSERC Chairman so that commission work properly.
PSPCL is selling power outside state at Rs.4.50 per unit whereas it is charging Rs.7.20 per unit from Trade & Industry of Punjab.
It is very unfortunate that instead of giving relief to Industry of Punjab such as reduction in electricity charges, waiving of peak load hours in view of power surplus status, PSPCL in connivance with Punjab State Electricity Regulatory Commission (PSERC) are proposing to increase the power tariff which is un called for. Fastener Manufacturer Association of India strongly condemn the decision of PSPCL to hike the power tariff & urge the Chief Minister and Deputy Chief Minister, Punjab to intervene & issue necessary instructions to PSPCL not only to withdraw the power hike move but also give relief to Industry of Punjab which going through crises by decreasing the power tariff & waiving peak load hours, he said.// ludhiana news online, ludhiana news in English, ludhiana news, ludhiana current news, ludhiana news live, Ludhiana breaking news, Ludhiana headlines, Ludhiana latest news, punjab news, india news, punjab news live, punjab news online, punjab news, punjab news headlines, punjab breaking news, india news, punjab news

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