The Aam Aadmi Party (AAP) led Delhi government and Delhi Electricity Regulatory Commission (DERC) are trying to resolve the electricity crisis staring at the city.
Sources in the power department said that a crucial meeting was likely to take place to resolve the issue of providing short-term loans on Monday.
"The discoms are likely to meet Power Finance Corporation and Rural Electrification Corporation on Monday for loans. The government has said NTPC will not snap supplies till February 10/11," said a senior power department official.
READ: Power tussle continues in Capital | Congress threatens to protest over power tariff hike
According to sources, the Delhi government and DERC have already held marathon meetings to devise ways on how the two discoms could get short-term loans.
"Discoms are looking at all possible alternatives to resolve the crisis. We also held meetings with them. Discoms are also trying to arrange funds to ensure they are able to make the payments as soon as possible," said PD Sudhakar, DERC chairman. He assured the city would not face power cuts.
Officials said if the discom BSES Yamuna Power Limited (BYPL) was able to get a short-term loan, it will suffice for at least a month or more.
READ: Discoms trying to blackmail Delhi government: Arvind Kejriwal
Saurabh Gandhi, general secretary, United Residents of Delhi (An RWA group), had filed an appeal before the Appellate Tribunal for Electricity against the DERC order last May following which the commission enhanced the Power Purchase Cost adjustment (PPCA) by 3% for TDPPL and 4.5% for BYPL and BRPL.
"PPCA to be charged from Saturday is illegal because tio date no regulation has been framed by DERC, rules and regulation framed by DERC has to be placed before Delhi assembly and a public hearing on the matter is a must under sec 64 (3) of the Electricity Act 2003," he said.
BJP protests against power tariff hike
Criticising the Delhi government for its failure to check power tariff hike, the Bharatiya Janata Party (BJP) on Saturday protested against the hike in the national capital.
Staging a protest at Bhajanpura, BJP Delhi unit chief Vijay Goel said chief minister Arvind Kejriwal has failed to check power tariff hikes.
READ: CAG report will reveal truth: Kejriwal on discoms
"Kejriwal-led AAP had promised that after forming the government, they will reduce power price. Instead power tariff has increased by six to eight percent," said Goel.
(With IANS inputs)