Delhi government to adjust subsidy amount to BSES
Delhi government has decided not to pay the BSES discoms money under the power subsidy scheme and will adjust it with the dues owed by them to state-run power generation and transmission firms which are facing severe financial crunch.
Delhi Power Minister Satyendra Jain said the government will recover the dues from BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) by adjusting the subsidy component.
Jain was speaking to reporters after inaugurating an underground transmission line of Delhi Transco Limited, built at a cost of Rs 150 crore, in Tikri Kalan area.
The two discoms have pending dues of nearly Rs 6,000 crore to Delhi Transco Ltd and two state-run power generation companies.
The BSES has been maintaining that it was going through a difficult financial condition as it has not been allowed to recover around Rs 10,000 crore in losses due to increase in power purchase cost and low tariff.