Friday, March 19, 2010

Discoms Cry Pauper, Ahead of Games, Pvt Firms Claim They Lack Money To Buy Power

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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