New Delhi, May 06: In a virtual showdown in their ongoing turf war with statutory power regulator DERC, private discoms today accused the authority of taking a “myopic approach” towards their demand for a tariff hike and said the rigid attitude may lead to a “serious situation”.
All the three discoms, bolstered by government’s sympathetic approach towards their demand, held a joint press conference defying DERC gag order not to speak to media, where they forcefully justified their demand for a tariff hike.
“We are having a major problem of cash flow. If our concerns are not addressed, then the consequences could be very serious,” said Sunil Wadhwa, CEO of Tata-backed discom NDPL.
BSES officials said the total combined deficit of three discoms stood at Rs 2,600 crore and rejected the claim that they were having a healthy surplus.
–Agencies