8 years to settle Delhis power dues

Updated: Mar 11 2014, 09:23am hrs
Though the three electricity distribution companies in the capital claim Delhi's customers owed them R19,558 crore till FY13, the regulator has put the figure at R11,432 crore till FY12 the gap for Fy13 is yet to be ascertained. Of this R11,432 crore, a sum of R8,000 crore is to be paid back to the companies over a period of 8 years along with an interest of 13.52% for BYPL, 13.37% for BRPL and 12.2% for TPDDL. On an average, that works out to be an extra 11% surcharge in place of the current 8%. Thats an extra 23-25 paise per unit of electricity consumed right now. The DERC putting out a schedule for discharging the regulatory assets, if only a small part of them, immediately raises the ability of the discoms to borrow from banks.