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Proposed hike in power tariff: Manoj Tiwari calls on LG

Proposed hike in power tariff: Manoj Tiwari calls on LG
Delhi BJP president Manoj Tiwari on Friday met Lieutenant-Governor Anil Baijal to draw his attention towards the proposed hike in power tariff, which he attributed to the alleged connivance between the Kejriwal government, Delhi Electricity Regulation Commission (DERC) and private power distribution companies in Delhi.
Tiwari was accompanied by representatives of United Residents of Delhi, a group of RWAs, and other power sector activists. He highlighted the irregularities by discoms and demanded that the LG he exercise his powers under Section 108 of Delhi Electricity Act, 2003 and direct DERC to re-invite objections and hold a fresh public hearing on the proposed multi-year tariff and return of equity (RoE).
Tiwari said that discoms continue to get RoE on the basis of 2002-2007 bank rates. He claimed that between 2002 and 2007, bank loan interest rates were around 15 per cent, while RoE was 16 per cent.
Now, in 2017, bank loan interest rates have fallen to six per cent, but due to their connivance with the Kejriwal government, discoms are still getting RoE of 14 per cent, said Tiwari.
This, he claimed, was causing an extra burden of Rs 600 crore per annum on residents of Delhi.
Tiwari told the LG that by curbing this Rs 600 crore RoE scam and by taking a few small steps, the government can reduce power tariff by 15 per cent next month itself.
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