This goes against the petition submitted by the discom to the Delhi government, in which it pleaded for an increase in tariff citing it had incurred heavy losses.
Accusing the discom of denying to furnish details about its debt equity ration and debt service coverage ration, the DERC wrote, "You are denying furnishing such ratios saying that ‘nowhere in our representation to GoNCTD (Delhi government) have we provided information on any liquidity ratios or any debt servicing parameters'. This is factually incorrect and a total lie."
Along with its petition, the NDPL had attached a communication from the State Bank of India to show that the bank had rejected a loan to the discom due its poor credit image.
The DERC in its Monday letter said the bank had merely raised queries on the company's request and misrepresenting it as a rejection was a "total lie".
The regulator said as far as financial health is concerned, the NDPL has the best record among all three discoms.
Source- Indian Express