Thursday 5 May 2016

NTPC asks BSES to clear Rs. 1,300-cr dues or face supply cut

“A notice for regulation has been served on the BRPL and BYPL for regulation of power supply with effect from 00:00 hours of May 10, 2016 for a total quantum of 2,027 MW,” NTPC said in a statement.

NTPC has asked Anil Ambani Group’s electricity distribution utilities in Delhi - BSES Rajdhani and BSES Yamuna - to clear INR 1,300 crore of dues by midnight 9th May or face a cut in power supply, reports a business daily.
BSES Rajdhani has dues of INR 892.30 crore for the electricity supplied from December 2015 till March 2016. 
BSES Yamuna owes NTPC INR 402.93 crore for the same months. 

“A notice for regulation has been served on the BRPL and BYPL for regulation of power supply with effect from 00:00 hours of May 10, 2016 for a total quantum of 2,027 MW,” NTPC said in a statement.

NTPC said that despite repeated follow-ups from its senior officials, BSES Rajdhani and BSES Yamuna have failed to clear their dues. 

The company had also sent letters to the two electricity distribution utilities on March 23, April 21, April 25 and May 2, this year.

NTPC said that it has to pay in advance to its fuel suppliers, which constitute about 75-80 per cent of its monthly energy bills. If the situation persists, NTPC power stations may face outages on account of shortage of fuel.

NTPC supplies 1,349 MW from 16 of its stations to BSES Rajdhani while 678 MW is supplied to BSES Yamuna. 

Its monthly average energy bill to the two electricity distribution utilities is ~INR 390 crore. 
Delhi’s peak power requirement stands at anywhere between 5,500 MW and 6,000 MW.

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