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the "difficult" situation as it was not being able to make payments to various state-run power generators including NTPC and NHPC.
"In view of non-availability of cost reflective tariff for several years in the past, the revenue gap of BYPL has been mounting year on year. Up to financial year 2011-12, the same was recognised by the Delhi Electricity Regulatory Commission at Rs 2,855 crore," it said.
The company said it no longer has the financial ability or resources to pay the generating companies in full.
The discom said banks have "withdrawn new funding support" owing to accumulated revenue arrears of Rs 6,200 crore and it was finding it difficult to arrange power for the city.
BYPL has sought immediate intervention of Delhi Government in helping it overcome the situation and urged it to take up the issue urgently with NTPC, NHPC, Ministry of Power and Ministry of Finance.
The company said banks are "alarmed" by Delhi Government's "subsidy-led" approach to tariffs, regardless of actual cost of power.
The BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, which supply power in 70 per cent areas in Delhi, owe around Rs 4,000 crore to Delhi Government-run power generation and transmission companies.
Both BRPL and BYPL have been maintaining that they are going through difficult financial condition. They have been demanding significant hike in tariff, citing rise in power purchase cost.