NTPC threatens to snap power supply to 2 discoms in Delhi if dues not paid
According to NTPC statement, BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power (BYPL) are yet to clear dues of around Rs 1,300 crore (Rs 892.30 crore and Rs 402.93 crore respectively).
State-run NTPC has threatened to snap power supply to Reliance Infra-backed discoms in Delhi -BRPL and BYPL if they fail to pay around Rs 1,300 crore dues by midnight on May 9.
"A notice for regulation has been served to the BRPL and BYPL for regulation of power supply with effect from 00:00 hours of May 10, 2016 for a total quantum of 2027 MW," NTPC said in a statement.
According to the statement, BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power (BYPL) are yet to clear dues of around Rs 1,300 crore (Rs 892.30 crore and Rs 402.93 crore respectively).
NTPC said that it has to pay in advance to its fuel suppliers which constitute about 75-80 per cent of its monthly energy bills. "If the above situation continues, NTPC stations may be facing outages on account of shortage of fuel. Under the circumstances NTPC has no other option but to serve the notice for regulation of power on the BSES discoms.
As per NTPC, the matter was brought before the Supreme Court, who in their judgement on March 26, 2014, directed the BSES discoms to ensure payments of all energy bills with effect from January 1, 2014. However, despite clear directions of the Supreme Court, the dues continued. "NTPC has been supplying power to BSES discoms in Delhi since unbundling and privatisation of DVB.
The power allocated to these discoms from various NTPC power stations is 2,027 MW and average monthly energy bill is presently of the order of Rs 390 crore, the statement said.
Commenting on the matter, a BSES spokesperson said, "BSES is under huge financial stress due to non-liquidation of regulatory assets estimated to be over Rs 16,000 crore as on March 31, 2016. As compared to this, dues payable by BSES to NTPC are around Rs 1,300 crore.