DERC decides to review expenditure of power discoms in Delhi | delhi | Hindustan Times
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DERC decides to review expenditure of power discoms in Delhi

The Delhi electricity regulatory commission (DERC) will review expenditure and capitalisation of assets of power discoms in the Capital. The regulator has invited bids for appointing a consultant.

delhi Updated: Jun 27, 2015 07:32 IST
HT Correspondent

The Delhi electricity regulatory commission (DERC) will review expenditure and capitalisation of assets of power discoms in the Capital. The regulator has invited bids for appointing a consultant.

Apart from the three power discoms—BSES rajdhani power limited (BRPL), BSES Yamuna power limited (BYPL), Tata power Delhi distribution limited (TPDDL)—a review of Delhi transco limited (DTL) will also be carried out.

The DERC approves expenditures and capitalisation for discoms. The consultant will review the expenditure reflected in the audited books of utilities, for the period 2011-12 to financial year 2013-14, senior officials said. With expenditure borne by discoms estimated to contribute 20% of the electricity tariff charged from the consumer, the review is crucial.

“The consultant will examine documents related to tendering, evaluation, purchase orders, store documents, road restoration receipts, invoice, payments etc. for all the schemes, and comment on compliance with the competitive bidding guidelines of the commission as well as reasonableness of costs at which the equipment have been procured,” PD Sudhakar, DERC chairman, said.

Under the review, verification of all kind of asset creation will be done. A CAG audit of the power distribution companies is already underway. The audit is almost complete and will be tabled soon.