Delhi's private power distributors have said they do not have enough money to buy power for the ensuing summer months, thanks to an unprece- dented cash crunch.
In letters written to Delhi Electricity Regulatory Comm- ission (DERC), the chief execu- tive officers of discoms North Delhi Power Limited (NDPL), BSES Rajdhani and BSES Yamuna have sounded an "SOS" claiming last year's torrid sum- mer and the subsequent power crisis increased their power pur- chase cost by at least 30 per cent and messed up their numbers for good.
Painting the picture of an impending doom in a year that hosts the Commonwealth Games, the CEOs have said a combined revenue shortfall of over Rs 1,000 crore this finan- cial year has left them broke.
This comes a day after the Delhi government tabled in the Assembly balance sheets of the three discoms showing healthy profits.
"As per our earlier projec- tions, we were supposed to have a surplus of over Rs 200 crore by the end of this financial year. But the turn of events were such that now we actually have a shortfall of over Rs 500 crore," said an NDPL spokesman.
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with thanks : source : Hindustan Times
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