The News Caravan

Tag: DISCOMS

  • Telangana govt to pay Rs 12,718.40 cr true-up charges to discoms

    Telangana govt to pay Rs 12,718.40 cr true-up charges to discoms

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    Hyderabad: The Telangana government has decided to pay Rs 12,718.40 crore in true-up charges to Discoms, which were accepted by the Telangana State Electricity Regulatory Commission (TSERC) on Friday. The true-up charges are pending for the last 15 years. The ERC also stated that the retail supply tariff would not be changed for the fiscal year 2023-24.

    TSERC Chairman T Sriranga Rao stated at a press conference that Discoms had informed the commission that the State government has promised to bear the cost connected to irrigation and other welfare programmes for the next five years without burdening the discoms.

    He further stated that the state government has agreed to a subsidy commitment of Rs 9,124.82 crore for the fiscal year 2023-24.

    He said that the commission has agreed to cut the power rate for temples, masjids, churches, gurudwaras, and crematoriums from Rs 7 per unit to Rs 5 from April 1. While religious locations would have modified pricing under LT VII B, the fixed costs of Rs 21 have been raised to Rs 30. Following requests from religious facility management, the discoms included the advice in their aggregate revenue needs (ARR) for 2023-24, which they filed with the TSERC.

    According to power tariff proposals filed to the TSERC by the discoms last December, the annual aggregate revenue requirement (ARR) for the next fiscal year was Rs 54,060 crore. The energy need is 83,111 million units (MU), whereas the sales expectation is 73,618 MU.

    TSSPDCL presented an ARR of Rs 36,963 crore while TSNPDCL submitted an ARR of Rs 17,095 crore. Overall income from the current pricing is estimated to be Rs 43,525 crore, with a revenue deficit of Rs 10,535 crore.

    TSSPDCL has a revenue gap of Rs 3,211 crore, whereas TSNPDCL has a revenue deficit of Rs 7,324 crore. The state government is likely to contribute Rs 10,535 crore. Nevertheless, the anticipated real cost of service per unit for fiscal year 2023-24 is Rs 7.34.

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    #Telangana #govt #pay #trueup #charges #discoms

    ( With inputs from www.siasat.com )

  • Delhi LG removes AAP spokesperson, ‘govt nominees’ on board of private DISCOMS

    Delhi LG removes AAP spokesperson, ‘govt nominees’ on board of private DISCOMS

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    Delhi: Delhi Lieutenant Governor VK Saxena has removed Aam Aadmi Party spokesperson Jasmine Shah and AAP MP ND Gupta’s son, Naveen ND Gupta from the position of ‘Government Nominees’ on the Board of Private DISCOMS.

    The LG Office informed in a statement that they have been removed for “illegally” occupying the positions, and they have been replaced by senior government officers.

    “Delhi LG, VK Saxena had ordered for the immediate removal of AAP Spokesperson, Jasmine Shah, Son of AAP MP, ND Gupta- Navin Gupta and other private individuals, who had been illegally appointed as Govt Nominees on the boards of privately owned DISCOMs- BYPL, BRPL (Anil Ambani) and NDPDCL (Tata),” the statement from the LG Office read.

    As per the LG Office statement, the two had “collaborated” with private representatives on boards of Anil Ambani-owned DISCOMS and “benefitted” them to the tune of Rs 8000 Cr at the cost of the public exchequer.

    The Finance Secretary, Power Secretary and MD, of Delhi Transco will now represent the government on these Ambani and Tata-owned DISCOMS, as per regular practice, followed since Sheila Dikshit’s time as CM, when these DISCOMS came into existence, the statement read.

    “Invoking “difference of opinion” under Article 239AA of the Constitution of India, after the Arvind Kejriwal government persisted upon their continuance on these boards, despite proven misconduct and maleficence on their part, by way of benefiting the Ambani-owned DISCOMS to the tune of more than 8000 crores, at the cost of government exchequer, Saxena had referred the matter to the President of India for a decision.

    He had asked for the removal of the above-mentioned political appointees on the DISCOM boards with immediate effect, pending the President’s decision, and asked for senior Govt officials to replace them on the boards of the DICOMS,” the LG Office statement read.

    Senior government officials like the Finance Secretary, Power Secretary and representatives of Government-owned GENCOS and TRANSCO, had been the norm till Arvind Kejriwal-led AAP Government nominated party functionaries as ‘Government Nominees’ on the DISCOM boards.

    The statement informed that the Delhi government which owns 49 per cent of the stake in the private DISCOMS used to nominate senior government officials so that the interests of the government and people of Delhi could be taken care of, in decisions taken by the DISCOM boards.

    “However, these AAP nominees on the DISCOMS, in a quid pro quo arrangement involving commissions and kickbacks, instead of acting vigilant in the interest of the people and Government of Delhi, acted in cahoots with the BRPL and BYPL boards facilitated a decision by their boards to decrease the LPSC rates from 18 per cent to 12 per cent, and in the process unduly benefitted them to the tune of Rs 8468 crores- an amount that would have gone to the Delhi Government exchequer,” the statement read.

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    #Delhi #removes #AAP #spokesperson #govt #nominees #board #private #DISCOMS

    ( With inputs from www.siasat.com )