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Vol. VIII Issue. 28
Delhi govt to extend financial assistance to BSES

27 December 2011

December 26, 2011. Delhi Government decided to extend financial assistance to Reliance Infrastructure-backed discom BSES which has defaulted on payment of around Rs.3,000 crore to various power generating and transmission firms. The decision to offer the help to the beleaguered company was taken at a Cabinet meeting presided over by Chief Minister Sheila Dikshit. Dikshit, however, did not give details about the financial assistance but officials said government is likely to infuse fresh equity to the tune of around Rs.500 crore into the company on the condition that the discom would also infuse the same amount. Delhi government holds 49 per cent share in BSES. The Chief Minister had apprised Prime Minister Manmohan Singh, Finance Minister Pranab Mukherjee and Union Power Minister Sushil Kumar Shinde about the looming crisis facing the city arising out of BSES failure to pay the dues to the transmission and generation companies.

      
 
 
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