with thanks : Hindustan Times
Friday, January 27, 2012
Thursday, January 26, 2012
Prima-facie unexplained discrepancies of Discom's
Dear Mr. Vohra,
Today is the Republic Day ....... We must start by greeting Happy Republic Day ....... we had formed the republic so that each citizen would work to make India a truly Developed and Independent nation.
The facts you have posted on the Blog have been placed over time by citizen groups over the past three years. Former DERC Chairman Mr. Brijender Singh had taken note of many such facts placed before the commission and he actually recommended reduction of Tariffs by almost 25%. The Delhi Government over ruled him and withheld the Tariff Order.
In August 2011 we the Citizen Groups again put up a spirited fight armed with more facts and figures and were sure that DERC will give a favourable Tariff Order ..... instead DERC increased tariff by 22%. The Government also passed it in a hurry .......
Now the BIG QUESTION ..... when DERC today is questioning DISCOMS ......... 'The Commission has also noticed that there are prima-facie unexplained discrepancies in the information relating to power purchase by both BRPL & BYPL' ..... then what were the facts on which the Tariff was raised.
A few weeks back our group had dug out the Financial Details of PROFITS made by DISCOMS and were duly reported in Nav Bharat Times and placed on this Blog. A few days later the Power Minister Mr. Haroon Yousuf agreed that DISCOMS were indeed in Profits as revealed by our Group and was again reported in NBT.
But the BIGGER QUESTION is that despite all our efforts at DERC Public Hearings and Bijlee Andolan ..... Delhites are very happy paying higher Tariffs. They are willing to hit the streets for a Rs. 50/- increase in Gas Prices but are not willing to protest when the Power bill rises by 22% which adds upto Rs. 250/- per month and more to the family budget.
Lets see what answer DISCOMS give to DERC on 1st Feb ? Will DERC penalize them for furnishing wrong details? Will the Delhi Govt. still side with DISCOMS? ...... and WILL DELHITES STILL NOT PROTEST ...... if not protest then at least join us when we give a call .....
Warm Regards,
Rajiv Kakria
PS: While we the citizens got down to the task of nation building, those assigned to take care of the wealth created and invest it in equitable distribution failed us.
Prima-facie unexplained discrepancies of BSES
Dear RWA Friends,
Please go through the OBSERVATIONS made by DERC on the accounts of various DISCOM's, as below & let us have your most valued comments at the earliest.
The Commission
observed from the information provided by BRPL & BYPL upto 19.01.2012, that
in the case of BRPL :
- revenue collection during April and May, 2011 was as low as 82.36% and 78.44% respectively of revenue billed.
- In
April, 2011 revenue collection was only Rs. 175.42 crore which is about 40% of average revenue
collected in the other months of FY 2011-12.
- The Commission further observed that the above and other anomalies need
to be examined and explained by the concerned distribution utilities.
- Also,
energy billed in April and May, 2011 is about 100 MUs lower than MUs billed in the last year during the
same period.
- Further, MUs billed in April 2011 is
about 167 MUs lower than the energy sold in March, 2011.
- The Commission also noticed that AT & C losses during first seven months (April to October, 2011) of FY 2011-12 are approximately 27.36% against the target of 15%.
- The collection efficiency during the April to October, 2011 in FY 2011-12 is approximately 92.6% against the target of 99.5%.
The Commission also
observed that in the case of BYPL :
1. revenue
collection during April and May, 2011 was as low as 61.37% and 79.24%
respectively of revenue billed.
2. In
April 2011 revenue collection was only Rs. 89.36 Cr. which is about 40% of average
revenue collected in other months.
3. Further,
energy billed in April and May, 2011 is about 60Mus lower than MUs billed in
the last year during the same period.
4. The
Commission further noticed that AT & C losses from April to October, 2011
are approx. 32.28% against the target of 15%.
5. The
collection efficiency from April to October, 2011 is approx. 89.2% against the
target of 99.5%.
The Commission has
also noticed that there are prima-facie unexplained discrepancies in the
information relating to power purchase by both BRPL & BYPL.
- The power purchase cost of BRPL in November, 2011 was Rs. 648 Cr. while in April 2011, it was Rs. 297 Cr., thus showing an increase of 117%.
- In case of BYPL, the power purchase cost in Nov. 2011 was Rs. 466.13 Cr. while in April, 2011, it was Rs. 216 Cr., thus showing an increase of 116%.
- The Commission further observed that in case of both the utilities, the power purchase cost during the month shown in one statement and in the cash flow statements do not match. In addition, the information on power purchase has not been given in the desired format prescribed by the Commission for April to December, 2011
Please go through the details as above and let us have your valued comments at the earliest.
With best wishes
B S Vohra
East Delhi RWAs Joint Front
( A federation of RWAs )
'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
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