New Delhi: Delhi's power regulator Delhi Electricity Regulatory Commission (DERC) on Tuesday directed Reliance Infrastructure-backed discom BSES to provide within next four days a detailed schedule of clearing its dues of Rs 3,000 crore to a number of generation firms including NTPC, as the Sheila Dikshit government agreed to extend monetary help to it.

Meanwhile, DERC has asked NTPC to approach Central Electricity Regulatory Commission (CERC) in the matter pertaining to payment issues.

The Delhi government informed the DERC that it would infuse fresh equity to the tune of around Rs 500 crore into the discom keeping in view the company’s inability to pay the dues.

Reliance Infrastructure will infuse Rs 520 crore and the total amount of Rs 1,020 crore would be used for getting a loan of Rs 5,000 crore from IDBI bank as the bank conditioned granting the loan to the discom arranging at least 20 percent of the total amount.

The DERC had also asked all the discoms to give a detailed account of monthly revenue generation and expenditure so as to keep a tab on their accounts.

"We have asked them to give details of income and expenditure on a monthly basis," said DERC member JP Singh.
Meanwhile, BSES spokesperson has welcomed decision of Reliance Infrastructure and Delhi government to infuse fresh equity into the company.

JPN/Bureau