BSES Yamuna told to clear Rs 40.35-crore dues to DVC

Written by Indu Bhan | Indu Bhan | New Delhi | Updated: May 10 2014, 11:05am hrs
The Supreme Court on Friday directed BSES Yamuna Power (BYPL), one of the three power distribution companies operating in Delhi, to clear dues of R40.35 crore to state-run Damodar Valley Corporation (DVC) on or before May 31. It also asked DVC and the two Anil Ambani-led Delhi discoms BYPL and BSES Rajdhani Power (BRPL) to reconcile the dues and arrive at an amicable settlement for recovery of past dues.

A bench headed by Justice Madan B Lokur, while rejecting BSES senior counsel Shyam Divan's plea for staggering the payment in four equal installments, said that the parties should sit down, as directed even earlier in February this year, and settle the disputed past dues.

As per the details provided by DVC, BYPL, which distributes electricity to east Delhi, is supposed to pay it dues of around R1,315.76 crore, including fixed charges of R112.42 crore, from May 2011 till April 30 this year. BRPL, the power supplier to the south and south-west parts of Delhi, is liable to pay R1,087.40 crore, including fixed charges of R859 crore, between April 2011 and April 20, 2014, said DVC, which started supplying power to Delhi in 2010.

The court last week gave state-run NTPC the liberty to cut power supplies to BYPL and BRPL if they failed to pay dues of over R788 crore by the end of the month.