New Delhi: The private supply companies BSES Yamuna has attacked Delhi Chief Minister Arvind Kejriwal for asking the Delhi Electricity Regulatory Commission (DERC) to cancel the licence if they fail to ensure uninterrupted power supply.
In a statement the BSES Yamuna said "As legally advised, the proposed cancellation of licenses in this situation is arbitrary and illegal, and will only serve to de-motivate thousands of our employees who have timelessly worked to transform the power supply situation in Delhi. The Delhi Government has refused for the past 60 days to appoint its nominees to the Committee directed to be formed by DERC, to examine the precarious cash flow situation and take remedial measures.
We expect the regulator, DERC, to proceed independently and in accordance with laws, rules and regulations. The Delhi Government's proposed step is a huge setback to power sector reforms, with grave repercussions for the country's future economic growth.
The DERC's failure to provide appropriate tariffs to cover increase in power purchase costs has led to under-recoveries of over Rs. 15,000 crores from consumers. The current payment crisis is simply the result of DERC refusing to allow recovery of these past arrears through consumer tariffs".
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