Who will tell us the truth on the Power front ?

BSES - BYPL has made various claims on the losses being suffered by it. If you could check the Audited Balance sheets of the company, you will find that in the Year 2008 - 09, BSES Yamuna Power Ltd., had a Profit of Rs. 57.62 Crores. After adjusting the losses of Previous years to the tune of Rs. 116.12 Crores, There was a net carried forward loss of Rs. 58.50 Crores till 2008-09. In the Year 2009 - 10, BSES Yamuna Power Ltd., had a Profit of Rs. 76.85 crores. After adjusting the carried forward losses of Rs. 58.50 Crores, it still had a profit of Rs. 18.36 Crores. 

Even the trends showed that the Profits were up from 57.62 crores to 76.85 crores in 2009 - 10. While the fixed deposits were up from 19 crores to 21 crores and the Earnings per Equity Share rose to 6.63 from 4.97 earlier. The Administrative & other expenses included the BAD DEBTS of Rs. 86.64 crores while no bad debts were deducted in the Audited Balance sheet of earlier year. Moreover, all the cumulative losses have already been reduced to NIL.

Can DERC answer that inspite of BSES in Profits, why the Power Tariff was raised by 22% + 5% and WHY Delhi Govt. gave them a package of 500 Crores to bail out. And why again the process of Public hearing by DERC is under progress and the doubts being raised are that the power tariff will be up by 7% + 27% very soon. If DERc can't answer, than, who will tell us the truth on Power front ?


B S Vohra
East Delhi RWAs Joint Front
( A Federation of RWAs )
www.RWABhagidari.blogspot.in
www.RWABhagidari.com