There was a news in various TV channels that East Delhi may face severe power crisis with massive power cuts from 30th June. The reason being :
As per PPA signed by BYPL with NTPC, BYPL is required to ensure availability of requisite value of Letter of Credit ( LC ),and shall ensure that LC will remain valid for all times during the entire validity of PPA and shall renew the same atleast 30 days before the expiry of its term, each time.
As per PPA signed by BYPL with NTPC, BYPL is required to ensure availability of requisite value of Letter of Credit ( LC ),and shall ensure that LC will remain valid for all times during the entire validity of PPA and shall renew the same atleast 30 days before the expiry of its term, each time.
However, BYPL has failed to maintain the LC for the requisite amount and to extend the validity of the LC for the period as per PPA, and therefore, NTPC shall have the right to regulate & sell BYPL's allocation of Power to the third party ( ies ), at the risk & cost of BYPL.
NTPC has been following up with BYPL for renewal of the LC with validity upto 30.06.2012 failing which NTPC would be constrained to regulate the power supply in line with the provisions of the CERC Regulations on ' Regulation of Power supply 2010'.
As a result there is a fear that once NTPC starts allocation of Power to third parties after 30.06.2012, Entire East Delhi will face massive Power cuts.
We hereby request to the Delhi Govt. & DERC that, they must ensure, that East Delhi gets the proper supply regularly.
We hereby request to the Delhi Govt. & DERC that, they must ensure, that East Delhi gets the proper supply regularly.
B S Vohra
East Delhi RWAs Joint Front
( A Federation of RWAs )
www.RWABhagidari.blogspot.in
www.RWABhagidari.com
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