A senior CAG official told Millennium Post, ‘We have been asked to audit since 2002 when these companies signed their contracts. We have doubts on whether they will be able to provide us with all the required documents or not. If we don’t get all the relevant files or documents then it will be a great problem for us.’
On 31 December, Delhi chief minister Arvind Kejriwal met CAG top brass and asked for an audit of three companies, which include BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd and Tata Power Delhi Distribution Ltd. Lieutenant Governor Najeeb Jung on Monday also said that if the companies will not co-operate with the CAG then their licenses will be cancelled.
With pressure from the government and firm stand from the governor it seems that CAG is fully geared up for the audit but they are still awaiting government’s response on what exactly it wants to know through the audit. ‘The letter from the government is not clear on the objectives and level of the audit. It also did not specify whether CAG had to examine the profit and loss of these companies or power rates. We need to know the areas officially and then only we will ask the government to help us in getting files and documents of these companies,’ a senior CAG official said.
Sources said, next week additional director of CAG, Rakesh Jain along with Gauri Chakraborty, a senior official on behalf of the government, will have a meeting to discuss the areas where they actually want to be audited.
Reliance Infrastructure holds 51 per cent stake in BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd, which cater to 75 per cent of the city’s population. Tata Power holds 51 per cent in Tata Power Delhi Distribution Ltd, which provides electricity to the rest. The Delhi government holds the remaining 49 per cent through its holding firm, Delhi Power Company Ltd, in each of the
three companies.
On 31 December, Delhi chief minister Arvind Kejriwal met CAG top brass and asked for an audit of three companies, which include BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd and Tata Power Delhi Distribution Ltd. Lieutenant Governor Najeeb Jung on Monday also said that if the companies will not co-operate with the CAG then their licenses will be cancelled.
With pressure from the government and firm stand from the governor it seems that CAG is fully geared up for the audit but they are still awaiting government’s response on what exactly it wants to know through the audit. ‘The letter from the government is not clear on the objectives and level of the audit. It also did not specify whether CAG had to examine the profit and loss of these companies or power rates. We need to know the areas officially and then only we will ask the government to help us in getting files and documents of these companies,’ a senior CAG official said.
Sources said, next week additional director of CAG, Rakesh Jain along with Gauri Chakraborty, a senior official on behalf of the government, will have a meeting to discuss the areas where they actually want to be audited.
Reliance Infrastructure holds 51 per cent stake in BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd, which cater to 75 per cent of the city’s population. Tata Power holds 51 per cent in Tata Power Delhi Distribution Ltd, which provides electricity to the rest. The Delhi government holds the remaining 49 per cent through its holding firm, Delhi Power Company Ltd, in each of the
three companies.