New Delhi: NTPC had rejected the plea of the government of Delhi to not stop power supply to BSES Yamuna Power Ltd (BYPL) for defaulting on payments on Friday.
Notify that NTPC has warned of snapping power supply to BYPL if payment is not made on Friday. Delhi Government had been informed by Reliance Infra-backed power distribution company BYPL that areas in Central and East Delhi may face power cuts of 8 to 10 hours from Saturday as the company was facing serious fund crunch to buy electricity.
BYPL had sought immediate financial assistance from the government to deal with the “difficult” situation as it was not being able to make payments to various state-run power generators including NTPC and NHPC to Delhi’s Power Secretary Puneet Goel in a letter.
BYPL had sought immediate intervention of Delhi Government in helping it overcome the situation and urged it to take up the issue urgently with NTPC, NHPC, Ministry of Power and Ministry of Finance.
Regardless of actual cost of power, the company had said banks are “alarmed” by Delhi Government’s “subsidy-led” approach to tariffs.
The Delhi Government had said while announcing 50 per cent subsidy to consumers whose monthly consumption does not exceed 400 units that it will adjust the subsidy component of BSES discoms with its pending dues to its power generation companies.
The BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd had owe around Rs 4,000 crore to Delhi Government-run power generation and transmission companies. , These companies supply power in 70 per cent areas in Delhi.
Meanwhile Delhi CM has accused BSES discoms of trying to “blackmail” the government by threatening power cuts upto 10 hours a day, and warned them of strict action including possible cancellation of licenses.
Bureau Report
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