'Discrepancies' found in audit reports of Reliance Infrastructure-backed discoms

NEW DELHI: Delhi's power regulator DERC has found certain "discrepancies" in the audit report of Reliance Infrastructure-backed discoms BRPL and BYPL between April and December 2011 and observed that the financial condition of the companies appeared not as bad as it has been made out to be. 

The Delhi Electricity Regulatory Commission (DERC) last month had asked the discoms to submit a detailed account of their monthly revenue generation and expenditure since April 2011 so as to keep a tab on their accounts. 

"The Commission has also noticed that there are prima-facie unexplained discrepancies in the information relating to power purchase by both BRPL (BSES Rajdhani Power Ltd) and BYPL (BSES Yamuna Power Ltd)," the DERC said in an order. 

Last month, BYPL and BRPL had expressed its inability to clear dues to the tune of Rs 3,000 crore to various power generation and transmission companies citing severe fund crunch which led to possibility of widespread power cuts with NTPC threatening to cut supply to the city. 

Although the city government initially refused to help the discoms, later it agreed to infuse fresh equity of Rs 500 crore into the company considering the gravity of the situation. Delhi Government has 49 per cent share in the two discoms while Reliance Infrastructure has 51 per cent share. 

After the government agreed to offer the financial help, DERC had asked the BYPL and BRPL to provide month-wise details of revenue generation and expenditure since April 2011. 

The regulator also strictly told the discoms to pay its outstanding dues to the power generation and transmission utilities by February one and threatened to take action if it fails to comply with the directive.

with thanks : Economic Times : Link

The blast from the past

On this historic day i am reminded of the last sixty years.

The working of mcd and dda as well as certain other agencies had to follow xcellent procedures .

DRAFT MASTER PLAN HAD ZONAL PLANS AND ALL AGENCIES WERE TO SUBMIT their opinions plus requirements to ensure that delhi in 20 years develops and provides shelters, daily life requirements,like electricity water transport etc etc.

Two lacs persons were thought to be catered addditionally every year.

TOTAL LAND WAS IN THE HANDS OF DDA AND PRIVATE CONSTRUCTION WAS virtually stopped.

4.5 persons were to be taken to need one dwelling unit.

DDA MISERABLY FAILED TO BUILD AND MEET REQUIREMENT OF DWELLING UNITS AND INFRA STRUCTURE.

Result is illegal constructions.

DDA AND MCD ARE WIFULLY IGNORING THEIR RESPONSIBILITIES IN EVERY FIELD.

These departments are lucky that political patronage is protecting them.

PUBLIC HAS NO PLATFORM FOR SUCH DISCUSSIONS.

Result is coming in the shape of collapsing bildings like in LALITA PARK.

But nothing is there to disturb our sleep.

kk ghei

president MMADHUVAN RWA

Let resident representatives join ward units to fix problems: Panel to tell govt

Finalising recommendations for stronger municipal corporations after trifurcation of the existing civic body, the Dharamrajan Committee has proposed formation of ward committees, each comprising members of different civic agencies, the councillor and resident representatives to sort out local problems.

“Councillors could not solve many problems relating to sewage and water as these come under bodies that are not under the MCD. Multi-civic bodies forming part of ward committees will help people get problems sorted at one place. There will be more accountability when problems are discussed and responsibilities fixed for a smaller population. We have proposed the structure. Accepting it or amending it is a prerogative of the government,” said K Dharamrajan who chairs the expert committee.

Participation from agencies like Delhi Jal Board, Sanitation department, Slum department and others, he said, will help solve problems of the residents. He said the committee was open to suggestions from the public.

The committee has proposed that every ward be divided into sub-wards with 800-900 households. Each sub-ward will select a representative who will be a member of the ward committee, which will be chaired by the councillor.

The committee will include eminent people who live in the area, five or six experts and officials of different departments. MCD officials and the area SHO will be part of the committee.

with thanks : indian Express : LINK for detailed news.

DERC orders BSES to pay outstanding dues by Feb 1

New Delhi, Jan 24(PTI) Delhi's power regulator DERC today strictly told Reliance Infrastructure-backed discom BSES to pay its outstanding dues to a number of power generation and transmission utilities by February one and threatened to take appropriate action if it fails to comply with the directive. In an order, the Delhi Electricity Regulatory Commission also said it has noticed "prima-facie unexplained discrepancies" about submission relating to power purchase by BSES. The DERC had last month asked the discoms to submit a detailed account of their monthly revenue generation and expenditure since April 2011 so as to keep a tab on their accounts. "DERC directed BRPL and BYPL to liquidate the current outstanding dues from September 2011 onwards of all their power suppliers and transmission utilities latest by February one failing which the Commission will initiate appropriate proceedings against them for non-performance of their obligations," said today's order. The regulator had issued the order seeking financial details after Delhi Government agreed to infuse fresh equity to the tune of around Rs 500 crore into BSES to help it get a loan of Rs 5,000 crore from IDBI bank after the discom expressed its inability to clear outstanding dues citing fund crunch. As per the understanding, Reliance Infrastructure was to infuse Rs 520 crore and the total amount of Rs 1,020 crore would be used to get the loan as the bank had promised granting the loan if the discom arranges at least 20 per cent of the amount. MORE

With thanks : IBNLive : LINK

MCD promises Rs 12,000 to rwas annually

Ahead of the municipal elections in April this year, the ruling BJP in MCD has agreed in principal to give R12,000 annually to each Resident Welfare Association (RWA) registered in Delhi for managing their daily office expenses. According to an estimate, nearly 2,000 RWAs are registered in the city.

According to sources, representatives of RWAs had recently asked senior MCD leaders to allocate funds for these organisations and the suggestion was readily accepted by them.

“A delegation of RWAs had requested that MCD should give a fixed amount of R1,000 per month to their associations to meet daily office expenses. The request made by their representatives has been accepted,” sources said.

For this purpose a new account head would be created.

Considering that there are close to 2,000 RWAs working in the city, distributing these funds will put an extra financial burden of R250 lakh on the civic agency.

with thanks : Hindustan Times : link for the news.

Happy Republic Day : Jai Hind

Proud to be a voter & Ready to vote !

NATIONAL VOTERS DAY INVITATION TO RWAs

Dear Bhagidars,

All the RWAs of Dist. East are cordially invited to attend the NATIONAL VOTERS DAY on 25th January at 2 pm at ASN Public School, Mayur Vihar 1st. 

Thanks 

P K Sharma 

SDM ( Elections / HQ ) 

Dist. East

Major solar storm headed to Earth

The strongest geomagnetic storm in more than six years was forecast to hit Earth's magnetic field Jan. 24, and it could affect airline routes, power grids and satellites, the U.S. Space Weather Prediction Center said.

with thanks : Yahoo news : check link for detailed news.

Social work and rwas

Our association has decided to deposit free of cost electricity, water and phone bills of the residents.

This service is for all residents of madhuvan.

Very shortly we are arranging computer education for all desirous persons.

We are also thinking to provide free medical consultations, education provided some of the doctors give us schedule from march onward.

KK GHEI

PRESIDENT

MADHUVAN RWA

SPORTS DAY CELEBRATIONS by Safdarjung Enclave B-2 Block RWA's