The National Capital may wake up to a blackout on Independence Day as two power generation companies (gencos) - Pragati Power Corporation Limited (PPCL) and Indraprastha Power Generation Company Limited (IPGCL) - have threatened a shutdown if their dues, running into thousands of crores of rupees, are not cleared by August 15.
A senior power department official said there is a heavy backlog of outstanding dues against BSES on account of nonpayment of dues, which have accumulated over the years.
Threat: PPCL and IPGCL have written to the Delhi government that they will be bound to stop power generation from August 15 on account of heavy outstanding dues against power distribution company BSES "Total dues is Rs 3,400 crore. Out of this Rs 2,700 crore is due towards gencos - PPCL and IPGCL. Moreover, the discom owes Rs 700 crore to the Delhi Transco Ltd," said the official.
BSES authorities admitted the outstanding dues but cited helplessness in clearing them owing to a gap in purchase and sale of power in the National Capital.
Explaining the heavy outstanding dues, a BSES spokesperson, requesting anonymity, said power purchase cost in Delhi is too high as compared to the power tariff.
"In the last 10 years, purchase cost has gone up by about 300 per cent while the power tariff has risen only by 70 per cent.
With thanks : Daily Mail UK : LINK : for detailed news. Must view.
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