PSPCL

Regulatory Updates

PSPCL’s investment plan scaled back; major hydro and metering plans rejected
By January 8, 2026January 8, 2026

In its final order in Petition No. 50 of 2025 dated 11 December 2025, the Punjab State Electricity Regulatory Commission (PSERC) approved Punjab State Power Corporation Limited’s Business Plan and Capital Investment Plan for FY 2026-27 to FY 2028-29. The approval sets the investment roadmap but with significant reductions from PSPCL’s proposals, especially for large generation and distribution schemes. Hydro and thermal project approvals and cuts For PSPCL’s generation business, the Commission approved a Capital…

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PSERC approves Rs 123.3 crore rooftop solar plan for its buildings
By July 29, 2025July 29, 2025

The Punjab State Electricity Regulatory Commission (PSERC) has approved a rooftop solar installation project proposed by the Punjab State Power Corporation Limited (PSPCL), clearing a capital expenditure of Rs 123.3 crore. The project will add 31.37 MW of grid-connected rooftop solar capacity across 1,013 PSPCL-owned buildings in the state. The approved installations will cover administrative offices, substations, thermal plants, and hydro stations. PSPCL will implement the systems under a capital expenditure (CAPEX) model, retaining ownership…

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PSPCL signs PPA with SAEL for 400 MW solar power at Rs 2.97/kWh
By May 5, 2025May 5, 2025

Punjab State Power Corporation Limited (PSPCL) has signed a 25-year power purchase agreement (PPA) with Sukhbir Agro Energy Limited (SAEL) for 400 MW of solar power projects in Punjab. SAEL secured the capacity in 2024 at a tariff of Rs 2.97 per kWh. The agreement follows PSPCL’s tender issued in May 2023 for procurement of 1,000 MW solar power through tariff-based competitive bidding from projects of 5 MW and above, located anywhere in the state….

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MECON wins contract for consultancy works for Shanan Hydro Project
By January 21, 2025January 21, 2025

MECON Limited has secured a contract valued at Rs 46.59 million to conduct Remnant Life Assessment (RLA) studies, detailed feasibility studies, and preparation of a Detailed Project Report (DPR) for the Shanan Hydro Power Project. The contract follows a bidding process initiated by Punjab State Power Corporation Limited (PSPCL) in August 2023. Originally, the project turbines had a capacity of 4 x 12 MW. In March 1982, the Government of Punjab upgraded the turbines to…

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