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PSPCL Achieves Landmark Savings of Rs 1000CR with Pachwara Coal Mine Initiative: Harbhajan ETO

November 30, 2024 05:16 PM
 PSPCL Achieves Landmark Savings of Rs 1000CR with Pachwara Coal Mine Initiative: Harbhajan ETO

Punjab Newsline, Chandigarh, November 30-

Punjab cabinet minister Harbhajan Singh ETO announced on Saturday that the PSPCL has achieved substantial savings of approximately Rs 1,000 crore due to the procurement of cheaper coal from the Pachwara coal mine.

In a press communiqué issued here, Power Minister Harbhajan Singh ETO said that the initiative launched by the Punjab government under the leadership of Chief Minister Bhagwant Singh Mann in December 2022, has proven to be a cost-effective alternative to sourcing coal from Coal India Limited. He said that the Pachwara coal mine was inoperative since 2015.

Giving details of the financial benefits of obtaining coal from the Pachwara coal mine, ETO said that the coal from Pachwara is Rs 11 crore cheaper per 1 lakh metric ton compared to obtaining coal from Coal India Limited. “To date, PSPCL has procured 92 lakh metric tons of coal from Pachwara, transported through a total of 2,400 rakes”, he added.

The Power Minister said that as a result of this initiative, the thermal plants in Punjab are no longer facing any coal shortages.

 

 
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