Clear dues or we will suspend power supply: NTPC to BSES

Image
Press Trust of India New Delhi
Last Updated : Feb 04 2014 | 2:13 PM IST
In a scathing attack on Reliance Group companies BSES Rajdhani and BSES Yamuna, state-run NTPC today said it may be forced to suspend electricity supply to the two Delhi discoms if they fail to clear their outstanding bills in time.
After issuing notices to BSES Rajdhani and BSES Yamuna on Saturday, NTPC today said that it is in trouble and unless its dues are cleared the company may have to stop power supply to these discoms.
"We are in a difficult situation. If we are not paid in time, we will have to regulate nearly 2,000 MW of power, we have (other) buyers for it," Chairman and Managing Director, NTPC, Arup Roy Choudhury said here.
When asked for comments, Power Minister Jyotiraditya Scindia said, "This issue is between DERC (Delhi Electricity Regulatory Commission), the discoms in Delhi and the state government, it is not for Power Ministry to comment but what we certainly do hope is that the dues rightfully in the case of NTPC should be paid as soon as possible."
Choudhury said the companies have a history of payment issues.
He said, "This is not the first notice on BSES. They have been constantly defaulting in their payment security mechanism and this time it is the outstanding dues also."
However, the company added that there are no payment issues with Tata Power Delhi Distribution Limited, another discom which supplies electricity in the National Capital.
"Tata Power has been paying their bills in time, we never had a problem them. With BSES this is the third time we are facing problems," Choudhury added.
"We do not have TPA (Third Party Protection Audit) with the Delhi government like other governments. The discoms (in other states) are saved by state governments through the TPAs, under which we get payment from the states under the state allocation," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 04 2014 | 2:13 PM IST

Next Story