A day when the Delhi Electricity Regulatory Commission (DERC) began the process of public hearing to determine power tariff for the commercial and industrial sector, an NGO has alleged that power distribution companies have been fudging their accounts.
According to NGO Chetna, BSES Rajdhani Power Ltd (BRPL) fudged its balance sheet for 2011-12 and the DERC did not carry out a thorough scrutiny of the audit report.
The NGO alleged that BRPL came out with two balance sheets — one showing profit to get loans from banks and the other reflecting losses to get power tariffs hiked.
Anil Sood, president of the NGO, claimed that his organisation had carried out a proper research over a period of time before coming to the conclusion.
The NGO slammed the DERC for failing to ensure proper scrutiny of the accounts. “DERC as an organisation is ethically and professionally corrupt and it must go because it has failed to discharge its functions as mandated under Section 62 of the Electricity Act,” said Sood.
A senior official of the BRPL, however, strongly refuted the NGO’s claims and termed the allegations totally baseless.