NTPC threatens to cut power supply over payment of dues by discoms
State-owned power generation company NTPC Ltd has threatened to suspend supply of electricity to Reliance Anil Dhirubhai Ambani Group-run Delhi discoms if they fail to cough up the Rs 1,300 crore dues by May 10.delhi Updated: May 05, 2016 10:09 IST
State-owned power generation company NTPC Ltd has threatened to suspend supply of electricity to Reliance Anil Dhirubhai Ambani Group-run Delhi discoms if they fail to cough up the Rs 1,300 crore dues by May 10.
The ADAG owns two power distribution companies in Delhi — BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd.
NTPC moved the Supreme Court in March for its intervention to recover the dues from BSES Rajdhani and BSES Yamuna. It argued that the discoms had stopped making payments for buying electricity since November 2015. With mounting dues, NTPC argued that it had become difficult for them to pay fuel suppliers.
The matter is still pending at the Supreme Court.
In its notices served to both the discoms, NTPC said BSES Rajdhani and BSES Yamuna owe Rs 892.30 crore and Rs 409.93 crore, respectively. The notices said despite reminders the discoms have failed to make payments.
“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 is around Rs 1,300 crore,” a BSES spokesperson said in an emailed statement.
“Whenever we reach out to officials in the two BSES companies they always say that they don’t have money. We cannot allow this to continue and our dues to accumulate,” said a NTPC official on condition of anonymity.
NTPC says that this payment is due for supplying 2027 MW of electricity to the discoms. “We have other buyers, who will pay us for this power, then why should we wait endlessly for BSES to pay up” explains the source quoted earlier. In fact, sources say that a part payment would also be acceptable to the power generator, failing which Delhi could plunge into darkness.