With the Delhi Electricity Regulatory Commission (DERC) gearing to announce the new power tariff in the national Capital, the power distribution companies are crying foul as they allege that they have got into debt because of bank borrowings.
According to sources in power department, though the discoms have reduced their losses to 63 per cent in 2002 to under 20 per cent in 2010, they do not have money to purchase power.
"Discoms are running short of money to purchase power from the neighbouring states. They have bank borrowings to the tune of Rs 5,676 crore. New Delhi Power Ltd (NDPL) alone has a debt of Rs 1,400 crore in 2010 financial year. BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have a debt of Rs 2,627 crore and Rs 1,649 crore respectively in the current year," sources said.
He said that discoms are drawing attention to the fact that since 2002, there has been a whopping increase in the cost of purchasing power.
DETAILED NEWS CAN BE VIEWED FROM ORIGINAL LINK IN HEADLINE ABOVE.
With thanks : source : Tribune
No comments:
Post a Comment