NEW DELHI: Delhi government-owned generation companies Pragati Power Corporation Ltd and Indraprastha Generation Company Ltd have raised an alarm over the continuous default in payments by BSES discoms Rajdhani and Yamuna that has made it difficult for them to make full payment to gas supplier GAIL, sources said.
Generation companies warned that if GAIL invokes clauses of the fuel supply agreement and snaps supply, generation in at least three power plants would stop.
According to sources, BSES discoms owe approximately Rs 2,800 crore to PPCL/IPGCL. A senior official from IPGCL and PPCL admitted a crisis. "We are facing some problems with the discoms... We have made payments to GAIL so as of now there is no threat of them snapping gas supply. But this is just a temporary relief," said a senior official.
"The discoms have been complaining about a financial crisis and regulatory assets for years now. This has to be addressed. Last week they made Rs 100 crore payment to the gencos. We are talking to DERC and discoms to look for a solution and have told discoms to come up with ways to generate revenue," power secretary R K Verma said.
with thanks : Times of India : LINK
