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Home News Power Sector News Delhi - No consensus yet on power discoms’ outstanding dues

Delhi - No consensus yet on power discoms’ outstanding dues

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DelhiThe Delhi Government is in a fix over the 20 per cent equity deposit to the IDBI bank, only after which the bank will grant over Rs500 crore loan to the BSES power discoms. "It is a very tricky decision and the deliberations will continue on the matter in the cabinet," said a senior official from the power department. The two discoms, BRPL and BYPL, are owned jointly by the Delhi Government and Reliance Energy.

PD Sudhakar, chairman, Delhi Electricity Regulatory Commission (DERC), said, "BSES owned BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have argued their stand by saying that they have approached several banks for the outstanding dues with various power generators (gencos) and transmission companies (transcos).

Since the companies are a joint venture between Reliance and the Delhi Government, 20 percent of Rs 5,100 crore will be contributed jointly by the parent company and the Government."

Meanwhile, with consensus yet to be reached over dues of Rs300 crore to power generating stations, including NTPC, by power discoms BSES, the NTPC on Wednesday also filed a representation to DERC saying that they also want to be heard on the same forum. However, the public hearing before Delhi's power regulator DERC over the issue remained inconclusive on Wednesday.

State run power generator, NTPC, who had threatened the two discoms to suspend power supply by December 7 midnight, has sought its stance to be heard in front of the Delhi Electricity Regulatory Commission (DERC).

Sudhakar said, "NTPC has filed its representation on the issue. The joint hearing with BSES discoms will be carried out on Monday and will continue till the matters are sorted out."

On the other hand, BSES in its presentation said that it has approached banks for loans worth Rs4,080 crore and Rs1,020 crore will be funded by the parent company Reliance and Delhi Government.

NTPC when contacted refused to comment on the matter. The two discoms owe an exorbitant Rs195.48 crore to the state power generator, who supplies them over 2000 MW of power discoms.

NTPC had issued two separate notices to the two discoms over their outstanding dues warning that power supply would be stopped by next week if the pending dues of Rs195 crore were not cleared by December 7 (midnight).

The Reliance Energy owned private discoms jointly have an outstanding amount of Rs3,000 crore with various gencos and transcos.

Prior to this, Damodar Valley Corporation (DVC) had taken the two discoms to court demanding its pending dues to be cleared.

Source- Pioneer

 

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