Chandigarh :
Congress MP Sukhjinder Singh Randhawa has questioned the financial health of the Punjab Government and the Punjab State Power Corporation Limited (PSPCL), alleging that the state-owned power utility has taken a fresh ₹10,000 crore loan despite the government’s repeated claims that it is a profit-making organisation.
In a Facebook post, Randhawa asked why the Punjab Government had allegedly declined to provide a guarantee for PSPCL’s loan if the corporation was financially sound. He said the issue raises serious questions about the gap between the government’s claims and the actual financial condition of the power utility.
The Congress leader alleged that delayed subsidy payments, rising power purchase costs, mounting liabilities and the fresh borrowing have increased financial pressure on PSPCL. He claimed that the interest burden on the loan would ultimately be borne by Punjab’s taxpayers and electricity consumers.
Addressing Chief Minister Bhagwant Singh Mann, Randhawa said the AAP government had promised to strengthen Punjab’s economy before coming to power but alleged that the state was instead moving towards mounting debt and financial stress.
He demanded that the government explain why it allegedly refused to guarantee the loan of its own power utility if its financial position was as strong as it claims. Calling for greater transparency, Randhawa said the people of Punjab deserve a clear account of the state’s financial position and the utilisation of public funds, urging the government to disclose the facts surrounding PSPCL’s finances.
