BSES Discoms ask for 25 perc hike in tariff for power being supplied in Delhi

 

BSES Discoms of Delhi, BSES Rajdhani Power Ltd (BRPL) & BSES Yamuna Power Ltd (BYPL), has submitted to the Supreme Court that they were in an unviable financial position and demanded for a 20-25% hike in power tariff to bridge their revenue gap.

 

 

According to BYPL & BRPL,

• major portion of the revenue was being spent in purchasing electricity from the government-owned power generating companies
• the firms were denied "cost reflective tariff" from the regulator (DERC).
• BSES Rajdhani Pvt Ltd started with opening overdues of Rs 2,847 crore in January 2014 and by January, 2015, the closing overdues went up to Rs 3,965 crore.
• Similarly, BSES Yamuna Power Pvt Ltd (BYPL) started with opening overdues of Rs 2,394 crore in January 2014 and by January 2015, the closing overdues was Rs 3,590 crore.

BSES Yamuna Power Pvt Ltd (BYPL) and BSES Rajdhani Pvt Ltd (BRPL), which owe money to various power generating PSUs including NTPC and NHPC, had moved the court seeking various reliefs including a direction that the power supply to them should not be cut by the PSUs for ensuring uninterrupted supply in Delhi.

However, Delhi Electricity Regulatory Commission (DERC), opposed the plea of the private discoms saying they have "buffered up" the losses.

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BYPL not to get power from Nathpa Jhakri power station…

 

Satluj Jal Vidyut Nigam (SJVN) Ltd has regulated power supply to Reliance-backed discom BSES Yamuna from Nathpa Jhakri power station from January 1 to June 30, 2014, following non-payment of dues.

BYPL had earlier been barred power supply from this Himachal Pradesh-based power plant from October to December 2013, after defaulting on payments and now SJVN Ltd has extended this power regulation till June-end. This deprived the national capital of about 40-50 MW of power.

SJVN Ltd sent a regulation notice to the state load dispatch centre on regulation of supply from its 1,500 MW hydel plant in December, sources said. BYPL's share from the plant is 27.24% of total allocation.

"SJVN Ltd in its notice has informed that power rendered surplus due to regulation of power supply to BYPL would be sold through PTC on energy exchange platform," said an official. Sources said the regulation will continue in 'duration of regulation' or up to an earlier date if the default is rectified.

"The regulation will be communicated by reducing the schedule of BYPL from the identified source (Nathpa Jhakri plant). SLDC Delhi will have to regulate drawal schedule for the intrastate regulated entities and the regional load dispatch centre (RLDC) would regulate drawal schedule of Delhi State Control Area," said a notice served by SJVN Ltd.

BSES discoms have been regularly defaulting on payment to entities like NTPC, NHPC, DTL, IPGCL and PPCL, claiming cash flow crisis and financial difficulties.

The discoms are now in the midst of disagreement with the new government led by chief minister Arvind Kejriwal who not only ordered a CAG audit for the companies but also announced a Rs 200 crore subsidy benefit for consumers, the cost of which owed to the BSES companies would be adjusted against their pending dues to Delhi government. BSES discoms have said that this adjustment would not be sustainable for them.

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NTPC to stop supplying BSES; Delhi may have blackout…

India’s largest power producer National Thermal Power Corporation (NTPC) has issued a notice to  two private sector distribution utilities of Delhi, BSES Rajdhani and BSES Yamuna (Subsidiaries of Reliance Infrastructure Limited) for the money due by them to NTPC and threatened to cut off supply of electricity to them. This may result in Blackout in Delhi.

Currently, NTPC is supplying around 2050 MW of electricity (more than 68% of total requirement) to BSES utilities.

However, according to Spark’s market analysis both the BSES utilities have not cleared the due of Rs. 814 Crs for the energy supplied during the month of July 2011. As per the Power Purchase Agreement (PPA) signed with NTPC, NTPC could realize only Rs. 334 Crs through letter of credit (LC). Further NTPC has supplied electricity worth of Rs. 425 Crs during August. Hence, the combined outstanding amounts due by BSES utilities are more than Rs. 900 Crs.

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