Last year February, DERC also gave a statutory advice to Delhi government informing them that so much of regulatory assets are there and steps need to be taken to liquidate these regulatory assets.
The Centre in September 2012 approved restructuring of Rs 1.9 lakh crore debt of state electricity boards. Under the scheme, 50 per cent of the short-term outstanding liabilities would be taken over by state governments.
Balance 50 per cent loans would be restructured by providing moratorium on principle and best possible terms for repayments.
On asked about the issue of Open Access in power distribution, Sinha said, “Those are the things which take time, it (open access) will not happen soon and right now we have an issue which require immediate attention.”
He was referring to looming power crisis in Delhi as power producer NTPC has asked two discoms BSES Rajdhani and BSES Yamuna to clear dues by February 10 failing which it will suspend supply to the two discoms.
