Pay up or face action: Delhi govt to BSES
22 Jun 2012 2:25 AM GMT
The Reliance Infrastructure-backed BSES has been asked by the Delhi government to pay up around Rs 1,300 crore in dues immediately, failing which stern action, including snapping of power, may take place. Top officials in the government said that the company was told to clear the dues to two power-generation companies run by the Delhi government within two-three days.
The Delhi government-owned power generation companies Pragati Power Corporation Ltd (PPCL) and Indraprastha Power Generation Corporation Ltd (IPGCL) supply around 330 mega watt of power to BSES discoms BYPL and BRPL, which distribute power to nearly 70 per cent areas of the city.
‘We have told the BSES to pay up the dues of around Rs 1,300 crore within two-three days as we are facing a severe financial situation,’ top officials said.
They said that both PPCL and IPGCL had been asking the BSES to pay up the dues for last one year but the BSES paid no heed to it.
This development came as the state-run Damodar Valley Corporation (DVC) said that it may have to stop power supply to Delhi, as BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL) are yet to make outstanding payments to it. The DVC complained that BSES refused to pay up despite repeated reminders.
When asked, a BSES official said the company was going through a difficult financial situation and that it was making ‘payments of current dues regularly and also liquidating the past arrears as and when possible’.
In December last year, both BYPL and BRPL had expressed their inability to clear dues to the tune of Rs 3,000 crore to various power generation and transmission companies citing severe fund crunch which led to possibility of widespread power cuts with NTPC threatening to cut supply to the city.
The city government initially refused to help the discoms but later it agreed to infuse fresh equity of Rs 500 crore into the company.
The Delhi government-owned power generation companies Pragati Power Corporation Ltd (PPCL) and Indraprastha Power Generation Corporation Ltd (IPGCL) supply around 330 mega watt of power to BSES discoms BYPL and BRPL, which distribute power to nearly 70 per cent areas of the city.
‘We have told the BSES to pay up the dues of around Rs 1,300 crore within two-three days as we are facing a severe financial situation,’ top officials said.
They said that both PPCL and IPGCL had been asking the BSES to pay up the dues for last one year but the BSES paid no heed to it.
This development came as the state-run Damodar Valley Corporation (DVC) said that it may have to stop power supply to Delhi, as BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL) are yet to make outstanding payments to it. The DVC complained that BSES refused to pay up despite repeated reminders.
When asked, a BSES official said the company was going through a difficult financial situation and that it was making ‘payments of current dues regularly and also liquidating the past arrears as and when possible’.
In December last year, both BYPL and BRPL had expressed their inability to clear dues to the tune of Rs 3,000 crore to various power generation and transmission companies citing severe fund crunch which led to possibility of widespread power cuts with NTPC threatening to cut supply to the city.
The city government initially refused to help the discoms but later it agreed to infuse fresh equity of Rs 500 crore into the company.
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