NTPC recalls Delhi 'black-out' notice, BSES to settle dues

Delhi power consumers will not have to sweat it out because of power cuts from midnight tomorrow. Reliance Infrastructure companies BSES Rajdhani and BSES Yamuna have decided to pay the Rs 80 crore of dues to state-run NTPC. The move would ensure there are no cuts in power supply by NTPC in areas where BSES operates.

In a statement today, NTPC said it had decided to recall the ‘regulation notice’ served on the two BSES companies as they had given a written assurance to pay the dues. “BSES Rajdhani Power Limited and BSES Yamuna Power Limited have given a written assurance to NTPC that they are going to unconditionally restore the letter of credit, clear the balance outstanding dues and also undertake to pay the arrear bills in six equal installments before March, 2012,” said the statement.

State-run power producer NTPC had served notices to the subsidiaries of Reliance Infrastructure, which distribute power in Delhi, for suspension of power supply over non-clearance of dues of about Rs 900 crore.

According to officials close to the development, BSES firms have already paid Rs 80 crore as the outstanding dues.