Delhi government,” the petition said.
The discoms said that it had in October 2012 clarified to the Delhi government that 8% surcharge allowed to it was not enough to meet the carrying cost (interest) of the regulatory asset.
NTPC’s move comes after it was forced to encash the LC opened previously by the discoms on January 31, after they failed to clear their dues to the generator. “So, the shortfall in LC with effect from February 1 is Rs 271.61 crore (in the case of BRPL),” NTPC said in its notice sent to the two firms. For BYPL, the LC amount is Rs 168.29 crore and there are pending payments of Rs 96.07 crore for January 2014.
Delhi Chief Minister Arvind Kejriwal had ordered the CAG audit into the discoms’ accounts and has accused them of trying to “blackmail” his government.