Reliance Infrastructure-backed discoms, which were served notices by Delhi's power regulator today, said they were incuring huge loses owing to under- recoveries of over Rs 6,000 crore.
"The current financial situation of BSES is owing to lack of cost-reflective tariff for last several years. This has lead to huge under-recoveries of more than Rs. 6000 crores," a BSES spokesman said.
He said this under-recoveries has also been recognized by Delhi Electricity Regulatory Commission in its latest tariff order.
"The current tariff, even after the increase, doesn't even cover the cost of power purchase. There is still a shortfall of around Rs 2 per unit. Power is bought from PSUs like NTPC, NHPC and Delhi generating stations," the statement said.
The BSES will make a detailed submission to DERC in response to the notice.
BRPL and BYPL were issued notices following a communication from Delhi government which asked the regulator to take urgent steps to ensure uninterrupted power supply in Delhi as the two discoms owe around Rs 3,000 crore to a number of generation and transmission companies.
The companies have been told to file replies by December 2.
DERC Secretary Jayashree Raghuraman said a number of regulatory notices have been issued by various generation and transmission companies stating that power supply to the two discoms could be curtailed unless large outstanding dues are cleared by them.
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