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Showing posts with label TPDDL. Show all posts
Showing posts with label TPDDL. Show all posts

January 1, 2014

Delhi Government orders CAG audit of private power companies...

 

Delhi Government orders CAG audit of private power companies...

Rejecting the contention of private power distributors, the Delhi government on Wednesday ordered a CAG audit of their finances, fulfilling yet another election promise of the Aam Aadmi Party.

"We have ordered an audit of the private power distribution companies. The CAG has said it will do the audit," chief minister Arvind Kejriwal told reporters after a meeting of the Cabinet which took the decision on audit.

He said the Lt Governor's order on the audit of the companies will go to the CAG on Thursday. "From tomorrow (Thursday), the audit will begin," he said.

The Delhi government had given time to the three companies -- BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd and Tata Power Delhi Distribution Ltd -- till this morning (Tuesday) to give their views on why there should not be a CAG audit of their companies.

Asked what the companies have told government, Kejriwal said they had given numerous reasons but not one reason why the audit should not be done.

"Nobody has given any reason why there should not be an audit," he said adding the auditing will cover from the days the power distribution was privatised.

He also rejected the view that the matter was subjudiced and the decision cannot be taken. "The matter has been in the High Court and proceedings are on. No stay has been granted. Even now the proceedings can go on."

On complaints about the defective quality of power meters, the chief minister said the government would approach IIT Delhi and Delhi College of Engineering for suggestion to improve the quality of meters.

Kejriwal said there had been constant demand for auditing of the private power distribution companies and the previous government was "misleading" the people saying the matter was in the court.

"What the previous government could not do in four years, we have done in four days," he said.

Asked about BJP leader Arun Jaitley's criticism that his government was taking populist measures with short term objective, Kejriwal said people can argue about the quantgity of water to be supplied free but any civilised government has a duty to provide it.

When told that the Congress government in Haryana has slashed power tariffs and a Congress MP in Maharastra was pleading for reducing tariff on the lines of the AAP government, he said "I am very happy".

"We will teach them politics," he added with a chuckle.

Asked about BJP's criticism that he was keeping mum on the 'corruption' of the previous Congress government after coming to power, he shot back "let Harsh Vardhan send details.

We will immediately take action."

On Tuesday, Kejriwal had announced 50 per cent subsidy to thsoe consumers whose monthly consumption does not cross 400 units.

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Delhi Government slashed electricity tariff by 50%...

 

Delhi Government slashed electricity tariff by 50%...

Aam Aadmi Party-led Delhi government on Tuesday cleared a 50% cut in electricity tariffs, delivering on yet another poll promise a day after it announced metered consumers will get 20 kilolitres water every month free of cost.
 
The government was also on course to ordering an audit by the national auditor into the finances of three power distribution companies, another key poll promise.
 
The decision to subsidise power tariff, which will involve a cash outgo of Rs. 61 crore in the next three months, was announced by chief minister Arvind Kejriwal after a meeting of the cabinet.

The subsidy would be applicable to those households that consumed up to 400 units. And those who use electricity above this limit will have to pay full amount for the entire consumption. The decision is expected to benefit 28 lakh of 34 lakh households.
 
Questioned about the subsidy that will be available only for three months, Kejriwal said further decision on this would be available only after the audit report.
 
He said the cabinet would meet tomorrow after the three companies submit to the government their views on the proposal for audit of their finances.
 
"Only after studying their replies we will take a decision whether to audit or not," he said.
 
To a question whether the government has the right to decide on slashing power tariff when a regulator was there, the CM shot back the government can provide subsidy.
Earlier, defying doctor's advice, an unwell Kejriwal met comptroller and auditor general Shashi Kant Sharma to discuss the issue before going into a cabinet meeting.

After the meeting with the CAG, Kejriwal said the national auditor is ready for the job. He said the cabinet will tomorrow go through the representations to be made by the power companies and take a decision.
 
"Then there will be an order by the Lt Governor," he said, denying that a decision has been taken and only formalities are being completed.
He said the CAG told him it all depends on how much work is involved and how fast the companies would provide documents.
 
The BJP and AAP have been demanding CAG audit of finances of the discoms, alleging huge irregularities by them.
 
Riding the anti-corruption wave, the AAP made a phenomenal electoral debut by reducing Congress to number three after having tasted power for the past 15 years.
 
However, all the three companies— BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd and Tata Power Delhi Distribution Ltd—have been opposing it.

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December 28, 2013

DERC turns down discoms power tariff-hike plan in Delhi...

 

DERC turns down discoms power tariff-hike plan in Delhi...

The Delhi power regulator has turned down a request by the distribution companies to hike power tariffs in the Capital, a day before the Aam Aadmi Party (AAP) chief Arvind Kejriwal takes oath as chief minister. This is probably the first time that a claim by the distribution companies has been turned down.


Distribution companies BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL) and Tata Power Delhi Distribution Limited had sought the hike as power purchase cost adjustment (PPAC) which would have been effective for the quarter of January to March 2014.

This increase was sought to cover the increased expenses incurred by the companies from July 1 to September 30, 2013, and is done every quarter. While BYPL had asked for a steep seven per cent hike, BRPL had sought a 3.5 per cent hike, TPDDL had asked for two per cent hike.

“There is a formula to work out PPAC, which was approved in the tariff order announced in August. After studying their claims and verifying them, we found that there was no need for an increase as they have not incurred additional cost over what has been allowed to them,” said PD Sudhakar, chairman of the Delhi Electricity Regulatory Board (DERC).

The power tariffs were last revised for the quarter of May to July when the power regulator had approved a 3 per cent hike for TPDDL, and a 4.5 per cent hike for areas under BRPL and BYPL.

AAP’s election manifesto says that the party will slash power tariff in the Capital by 50%. The party, set to form the government in Delhi, has also promised to conduct audits of the distribution companies.

A possible fallout of the political changes in Delhi was witnessed recently when TPDDL, which supplies electricity to north Delhi, submitted its annual revenue requirement (ARR) to DERC and didn’t seek a hike. “They have left it on us to decide. They submitted their papers giving out financial details and have admitted that there is a shortfall,” said a senior official. BRPL and BYPL are yet to submit the ARR.

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May 3, 2012

DERC sanctioned Fuel Price Adjustment charges for TPDDL, BRPL and BYPL…

  DERC

 

Power India found that the Delhi Electricity Regulatory Commission (DERC – Power Regulator of Delhi) has sanctioned the Fuel Price Adjustment (FPA) charges to three Distribution Companies (Discoms) of Delhi.

 

As per the notification posted on DERC’s website, the FPA Charges sanctioned to the Discoms are as under:

  • Tata Power Delhi Distribution Ltd (TPDDL) / NDPL : 4.0%
  • BSES Rajdhani Power Ltd (BRPL): 6.0 %
  • BSES Yamuna Power Ltd (BYPL): 7.0%

 

Power India further found that TPDDL/NDPL, BRPL and BYPL has in the month of April 2012 have asked DERC to sanction FPA at the rate of 4.67%, 7.27% and 9.23% respectively.


However, DERC after reviewing the applications and other details have reduced the FPAs requested by the companies.

 

The above FPAs will be levied only on energy charges will be in effect from May 1 to July 31 for the period of 3 months.

 

 

More Literature on this topic:

http://zeenews.india.com/business/news/economy/power-bills-under-bses-to-go-up_46946.html

http://www.derc.gov.in/ordersPetitions/orders/Misc/2012/FPA%20For%20Qtr%20Jan-Mar,%202012.pdf

 

 

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