free electricity of 600 units bi-monthly or 300 units monthly, according to state Power Minister Harbhajan Singh ETO. Presenting an overview of the department's performance in 2023, He said that 100 percent of the state's agricultural tubewells have also been electricified for free. Singh also announced that the state met its highest-ever power demand of 15,293 MW on June 23, 2023, marking a 7 percent increase from the previous highest demand of 14,311 MW on June 29, 2022.
Additionally, a day's record energy demand of 3427 lakh units was met on September 9, 2023, compared to 3345 lakh units on June 29, 2022. To enhance power infrastructure, the Revamped Distribution Sector Scheme (RDSS) has been sanctioned at Rs. 3,873 crore.
This funding aims to improve distribution infrastructure, including 66kV lines and transformers, 11kV feeders, and more. A Detailed Project Report (DPR) for modernisation works amounting to around ₹6,000 crore is expected to be approved by the Government of India by March 2024. Further, Punjab on July 21, 2023, signed Power Purchase Agreements (PPAs) for 1,000 MW of solar power projects across India at ₹2.53/kwh; and 200 MW of solar power projects in Punjab at ₹2.75/kwh.
Further, the state-run Punjab State Power Corporation (PSPCL) has reported a profit of ₹564.75 crore for the period spanning April 1, 2023, to September 30, 2023. Crediting CM Bhagwant Singh Mann, Singh in a statement said the successful operation of the Pachhwara Central Coal Mine, closed for the past seven years, enabled PSPCL to reduce its dependency on expensive imported coal from December 2022. The PSU has also supplied 30 lakh metric tonnes of coal to its thermal power stations ensuring a coal stock sufficient for about 30
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