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he said was ready for the job of auditing the three companies.
The Chief Minister said the companies had been given time till tomorrow morning as required under the law for an opportunity of being heard as to why they should not be audited.
"The Cabinet will meet tomorrow and, after going through their replies, we will decide whether or not to audit," he told the media after the Cabinet meeting.
Slashing of power charges and auditing the finances of power distribution companies were among the major promises made by AAP during its election campaign.
Arvind Kejriwal said that today's Cabinet decision would provide relief to more than 28 lakh out of a total of 34.61 lakh power consumers in Delhi.
The Chief Minister said that the government will pay Rs 61 crore to TPDDL while the remaining Rs 139 crore would be adjusted against the outstanding dues of over Rs 4,000 crore of BSES discoms to power companies of Delhi government.
The government will review the power tariff issue after the audit of the discoms is completed.
"Further decision on power tariff will be taken after receiving the audit report. There are chances that we may not need to give any subsidy," he said.
The Chief Minister said the subsidy amount payable to BSES discoms will be paid to the government-run power generation companies to which the BSES discoms owe over Rs 4,000 crore.
He said that the government will achieve two objectives with one decision - lowering of tariff as well as securing the pending dues of Pragati Power Corporation Ltd, Delhi Transco Ltd and Indraprastha Power Generation Co Ltd.
The DERC had announced a 5 per cent hike in tariff in July, fixing Rs 3.90 for first 200 units and Rs 5.80 for consumption between 201 and 400 units.
For consumption between 401 units and 800 units, the rate was fixed at Rs 6.80 per unit and, for consumption beyond 800 units, the per unit rate was fixed at Rs 7.