NEW DELHI: Two days after announcing a five per cent hike in power tariff, Delhi Electricity Regulatory Commission(DERC) on Sunday said there should be a thorough scrutiny of finances of all three private power distribution companies by Comptroller and Auditor General (CAG).
Chairman of the city's power regulator P D Sudhakar said scrutiny of the accounts of the discoms by the CAG will help knowing the actual financial position of the private companies.
"There should be a CAG audit of the accounts of all the private power distribution companies. We have already sent a recommendation to the Delhi government for it," DERC chairman P D Sudhakar told PTI.
The BJP and Aam Admi Party (AAP) have been demanding CAG audit of finances of the discoms, alleging huge financial irregularities by them. However, the discoms are strongly opposed to auditing of their accounts by CAG.
"We finalised the tariff structure after examining their financial positions. But still I would recommend a CAG audit as it will be very different from the auditing we carry out," the DERC chairman said.
The BJP has been seeking CAG audit into finances of discoms referring to a DERC proposal in May 2010 to cut the tariff by around 25 per cent citing their healthy financial position. The Delhi Government had restrained the regulator from going ahead with the tariff order.
with thanks : ECONOMIC TIMES : LINK : for detailed news.
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