The NTPC, which supplies 70% of Delhi's power, had threatened to stop the supply of electricity to BSES Yamuna unless it pays its dues of Rs 96 crore.
But instead of paying up, BSES, which meets up to 70 per cent power demand of Delhi through BSES Yamuna and BSES Rajdhani, has demanded that Delhi Govt pay up Rs 450 crore it owes to the discoms.
NTPC had last week issued notices to BSES companies regarding payment security mechanism and nonpayment of outstanding dues to the state-run company.
After issuing notices on February 1, 2014 NTPC had on February 4 said it was in trouble and unless its dues are cleared, and the company may have to stop power supply to these discoms.
NTPC chairman and managing director had said if they were not paid in time they will have to regulate nearly 2,000 MW of power.
These bills, due from BSES Yamuna for the amount of power consumed in December and billed in January, were to be paid by the end of January 2014
NTPC had said that currently there was no letter of credit available for the two companies. BSES Rajdhani's last letter of credit was encashed on January 31, leaving a shortfall of Rs 27l.61 crore.
There is a payment shortfall of Rs 96.07 crore on part of BSES Yamuna. BSES Rajdhani doesn't have any dues, but the letter of credit needs to be renewed.
"We can easily pay Rs 96 crore if the dues amounting to over Rs 450 crore is paid to us immediately," said a source in BSES
The Arvind Kejriwal-led AAP Govt was keen to cancel licences of Anil Ambani-led Reliance group's BSES ventures and give them to Tata Power Delhi Distribution Ltd (TPDDL).
But Tata Power has declined the offer, saying it would rather stay focused on its own ventures
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