Audit Reports

Punjab

Overview

In accordance with Article 151 of the Constitution of India and Section 19-A of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971, the Report of the Comptroller and Auditor General of India on Performance Audit on ‘Pre and Post Ujwal Discom Assurance Yojna in Punjab State Power Corporation Limited’ for the year ended 31 March 2020 - Government of Punjab, was forwarded to the State Government on 4^th March 2022 for laying in the State Legislature. The Report was laid in the State Legislature on 29^th June 2022.

Ministry of Power, Government of India (GoI) launched (20 November 2015) Ujwal Discom Assurance Yojana (UDAY) scheme for financial and operational turnaround of the State owned power Distribution Companies with support from their State Governments. The participating States were required to undertake various targeted activities for improving the operational efficiencies. The timeline prescribed for these targeted activities were also required to be followed so as to ensure achievement of the targeted benefits. Government of Punjab (GoP) in its Cabinet meeting held on 25 February 2016 approved the adoption of UDAY scheme. Accordingly, the Memorandum of Understanding (MoU) amongst Ministry of Power, GoI, GoP and Punjab State Power Corporation Limited (PSPCL) was signed on 4 March 2016.

This Report contains the results of Performance Audit on ‘Pre and Post Ujwal Discom Assurance Yojna in Punjab State Power Corporation Limited’ in four chapters. Chapter-I is the introductory chapter, Chapter -II discusses audit observations on the Financial Turnaround while Chapter-III discusses the Operational Efficiency aspects. Chapter-IV contains conclusions of the Performance Audit and recommendations address the issues observed in this Performance Audit.

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• Table of contents
• Preface
• Executive summary
• Chapter-1 Introduction
• Chapter-2 Financial Turnaround
• Chapter-3 Operatioal Efficiency
• Chapter-4 Conclusion and Recommendations
• Annexure
• Report No. 6 of 2021 - Performance Audit Report on ‘Pre and Post Ujwal Discom Assurance Yojna in Punjab State Power Corporation Limited’ for the year ended 31 March 2020 - Government of Punjab (Punjabi Version)