NTPC has asked Anil Ambani Group's electricity distribution utilities in Delhi – BSES Rajdhani and BSES Yamuna – to clear ₹1,300 crore of dues by midnight May 9 or face a cut in power supply.
BSES Rajdhani has dues of ₹892.30 crore for the electricity supplied from December 2015 till March 2016. The dues of BSES Yamuna total ₹402.93 crore for the same months."A notice for regulation has been served on the BRPL & BYPL for regulation of power supply with effect from 00:00 hours of May 10, 2016 for a total quantum of 2,027 MW," NTPC said in a statement.
NTPC said it has to pay in advance to its fuel suppliers which constitute about 75-80 per cent of its monthly energy bills and if the situation continues, its stations may be facing outages on account of shortage of fuel.
The company supplies 1,349 MW from 16 of its stations to BSES Rajdhani while 678 MW is supplied to BSES Yamuna. Its monthly average energy bill to the two electricity distribution utilities is around ₹390 crore. Delhi's peak power requirement stands at anywhere between 5,500 MW and 6,000 MW.
NTPC said despite repeated follow-ups from its senior officials, BSES Rajdhani and BSES Yamuna have failed to clear their dues. The company has also sent letters to the two electricity distribution utilities on March 23, April 21, April 25 and May 2, this year.
A BSES spokesperson said, "BSES is under huge financial stress due to non-liquidation of regulatory assets estimated to be ₹16,000 crore as on March 31, 2016. As compared to this, dues payable by BSES to NTPC is around ₹1,300 crore."
"The payment of dues to power utilities by BSES discoms is sub-judice in the Supreme Court. The judgment in the matter is reserved since February 2015. We are awaiting the Supreme Court judgment, which will clear the path for recover or liquidation of regulatory assets. BSES discoms are also making concerted efforts to address the situation and clear pending dues in a just and equitable manner," the spokesperson added.
Source- The Hindu