STATESMAN NEWS SERVICE
New Delhi, 12 January
Power distribution companies in Delhi have reacted sharply to the government’s accusation that they cover the gains accumulating from drop in technological and business losses. The reliance discoms has argued that the financial benefits were invalid because of the rise in power purchase cost.
According to the BSES discoms, Aggregate Technical and Commercial (CT&C) losses in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) have come down from 57 per cent in 2003-04 to 18 per cent in 2013, generating additional revenue of around Rs 19,500 crore.
However, the companies have argued that they left with a deficit of Rs 8,146 crore. "It is unfortunate that instead of recognising the substantial contribution of BSES discoms in reducing AT&C losses, supplying quality power round-the-clock, misleading and baseless allegations are being made and the real issues leading to increase in tariffs are not being addressed," BSES Rajdhani and BSES Yamuna have said in a letter dated 0 January to Delhi’s power secretary.
The letter comes after the Chief Minister Arvind Kejriwal-led government succeeded in getting the Comptroller and Auditor General of India (CAG) conduct an audit of discom accounts. As through the same period, bulk Power Purchase Cost (PPC) has risen 290 per cent to Rs 5.54 per unit, a net increase of Rs 27,404 crore. According to disco, since 2002, the retail tariff has increased by around 70 percent, of this, 46 percent has increased only in the last 8 years. There was no power tariff hike for 5 years between. Since 2002, the retail tariff has increased by around 70 percent and of this, 46 percent has increased only in the last 8 years, 2011 (21 percent); 2012 (20 percent; 2013 (5 percent).