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BSES says power regulation notice not to impact supply to Delhi
Reliance Infrastructure-backed BSES has said its two distribution companies have sufficient power at their disposal and the power regulation notice from Aravali Power will not have any impact on the power supply situation in Delhi.
Aravali Power, a joint venture company with 50 per cent share of NTPC, 25 per cent of Haryana Power Generation Corporation and 25 per cent of Indraprastha Power Generation, today served a notice to BSES Rajdhani and BSES Yamuna for regulation of 445 Megawatt from midnight Sep 5.
The power company said the total outstanding amount from BSES Rajdhani and BSES Yamuna was Rs 961.58 crore as on date which has led to difficulties for Aravali Power in paying to coal suppliers, servicing debt and giving salaries to employees.
“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 Aravali Power Company Private Limited (APCL) are around Rs 900 crore,” BSES said in a statement.
The company further said the payment of dues to power utilities by BSES discoms is sub judice in the Supreme Court.
“The judgement in the matter is reserved since February 2015. We are awaiting the Supreme Court judgment, which will clear the path for recovery / liquidation of regulatory assets,” it said.
Aravali Power Company, Jhajjar has been supplying power to the BSES DISCOMs in Delhi, viz BSES Rajdhani Power and BSES Yamuna Power since March 2011.
The power allocated to these discoms from Aravali Power is 445 MW (372 MW and 73 MW respectively) and average monthly energy bill is presently of the order of Rs 87 crore (Rs 73 core and Rs 14 crore respectively) for the current financial year. Tedy Bruschi Authentic Jersey
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