The Delhi Electricity Regulatory Commission wants the Comptroller and the Auditor General of India to audit the accounts of all three discoms.
Sceptical about the authenticity of the accounts submitted by the discoms -- BRPL, BYPL and NDPL, the DERC has written to the Delhi Government to seek the CAG's intervention and have the accounts verified.
In a letter to Chief Secretary Rakesh Mehta, who is also the Principal Secretary Power, the DERC has said the CAG should be asked to audit the accounts of “at least three of the latest completed years of BSES Rajdhani Power Limited, BSES Yamuna Power Limited and North Delhi Power Limited”.
The Commission has pointed out that during the course of public hearing on tariff petitions filed by the discoms, several stakeholders submitted that there seems to be a large number of anomalies in the accounts of three companies.
“The stakeholders alleged that the distribution companies in Delhi are manipulating their accounts by fraudulent and illegal means to the disadvantage of general public. It has been also alleged that discoms have indulged in procurement of capital goods from sister concerns at much higher prices. The stakeholders (have) demanded that the discoms' accounts should be audited by the CAG,” the letter signed by DERC's Secretary Amarendra K.Tewary.
Making a case for the CAG's intervention the Commission has drawn attention to the “several controversies” that have erupted over the accuracy of the accounts of the three companies.
“Several claims and counter claims have been made with respect to some figures available in the audited accounts of these companies. Therefore, it has become necessary to get the matter settled and the best way to do this is an audit by CAG.”
The Commission has also cited the recent decision of the Telecom Regulatory Authority of India to get the accounts of four private telecom companies -- Bharti Airtel, Reliance Communications, Tata Teleservices and Vodafone and of BSNL -- audited by the CAG.
“The Government of Delhi is holding 49 per cent shares in all three private discoms of Delhi and has a responsibility to ensure that their accounts are reliable and acceptable to all stakeholders. An audit by CAG will not only settle all issues but will give a reasonable assurance to the Government on the share received/receivable from the private discoms,” the Commission has put forth.
Draws attention to “controversies” over the accuracy of the accounts