The Hindu : New Delhi News : Debtor BSES is also a major creditor

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New Delhi

Debtor BSES is also a major creditor

Smriti Kak Ramachandran

NEW DELHI: Recovering pending unscheduled interchange charges from other States is turning out to be a Herculean task for Delhi’s power distribution company BSES. The company, which was recently chastised for not paying up the unscheduled interchange dues that it owed to the other utilities in the city, is still waiting for release of its dues from States like Uttar Pradesh and Jammu and Kashmir.

According to Power Department sources, other States owe Rs. 377 crore to BSES, New Delhi Municipal Council and Military Engineer Services as unscheduled interchange dues. However, a lion’s share of this is owed to BSES.

Pointing out that the company needs to first receive a substantial portion of the unpaid dues from the other States, a Power Department official said on Thursday: “With an Allahabad High Court decision ordering the Uttar Pradesh authorities to pay Rs.64 crore a month to BSES and another Rs.100 crore a month coming in from Jammu and Kashmir, the company can look forward to some respite in the near future.”

Repayment

Even as the company awaits realisation of dues, it was recently faced with a directive to speed up its own repayment. “The State Load Dispatch Centre filed a petition with the Delhi Electricity Regulatory Commission to direct BRPL, which is part of BSES, to pay up Rs.83 crore that it owes to the other utilities. The final hearing on the petition is still awaited.”

Interchange charges

Variation between actual generation or actual drawal and scheduled generation or scheduled drawal are accounted for through unscheduled interchange charges.

“All utilities and States are given a month’s time to pay their unscheduled interchange charge, failing which an interest at the rate of about 12 per cent is levied. If the States fail to pay on time, the charges just keep on multiplying,” the official said.

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