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Rediff.com  » Business » Delhi govt to roll back power tariff hike

Delhi govt to roll back power tariff hike

By Nistula Hebbar in New Delhi
August 31, 2005 10:11 IST
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The Congress Legislature Party in Delhi prevailed upon Delhi Chief Minister Sheila Dikshit late tonight to completely roll back the 10 per cent tariff hike effected by private power discoms (distribution companies) in July.

"The CLP has unanimously passed a resolution asking the Delhi government to completely roll back the tariff hike," said Delhi Pradesh Congress Committee President Ram Babu Sharma.

The decision is expected to be ratified by the Delhi Cabinet on Wednesday. The Delhi government will give adequate subsidy to the discoms to make up for any losses they may suffer due to the rollback.

Sources close to the development said the discoms -- the Tatas-controlled North Delhi Power Ltd and the Reliance Energy-managed BSES Yamuna and BSES Rajdhani -- are likely to fall in line with this decision.

Lalit Jalan, executive director of Reliance Energy, told a television channel that the two BSES discoms would support whatever decision the Delhi government took on the issue.

The decision comes after intense public pressure was mounted by local resident welfare associations that paid electricity bills only after deducting the new 10 per cent hike.
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Nistula Hebbar in New Delhi
Source: source
 

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