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that context, regulator can also start the process for selection of new suppliers.
BSES Yamuna Power (BYPL) had defaulted on payment due to NTPC and NHPC for power supplied by them to it during January. Consequently, the central utilities served a 10-day disconnection deadline to the discom that ends on Monday. The Delhi government had requested NTPC to give more time to the defaulting discom but to no avail. Other central utilities like Damodar Valley Corporation and SJVN have also stopped supply of 259 MW electricity to BYPL due to non-payment of dues.
BYPL has told the government that it does not have enough money to clear dues of NTPC and NHPC. Banks are also not lending to because of its revenue gap of over Rs 6,000 crore. Th discom has warned that it will have no option but to resort to 8-10 hours of load-shedding if NTPC, NHPC disconnect power supply to it.
The DERC had created regulatory assets (R) of about Rs 15,000 crore, which has badly affected cash flows of these discoms. Further, it has also hurt discoms’ creditworthiness, making it difficult for them to access bank loans. RAs are revenue due to discoms but where payment has been deferred to avoid tariff shock to consumers.
“Extensive blackouts in the capital city of the country due to financial difficulties of the these two discoms is not acceptable. In the event suspension of licences becomes necessary in the near future, suitable officers will have to be appointed as Administrative Officers of BSES discoms. It is requested that officers who could be appointed as Administrative Officers of discoms may be immediately identified in consultation with the chief secretary, so that if need be, immediate action is possible and the consumers and Government of Delhi are not caught napping,” the letter says.
Delhi chief minister Arvind Kejriwal has already issued the necessary instructions to the chief secretary to be ready to appoint administrative officers for these discoms.
Delhi government has also asked DERC to clear “some subsidy amounts that are due to the discoms by February 15.