Anil ambani: Anil Ambani, a businessman facing the loan fraud, has got a big relief. The Supreme Court has allowed BSES Yamuna Power Limited and BSES Rajdhani Power Limited to collect electricity dues of Rs 28,483 crore to two subsidiaries of Reliance Infrastructure led by Anil Ambani.
The arrears will be recovered after the order of the Supreme Court
In a regulatory filing on Friday, Reliance Infra said that BSES Yamuna Power Limited and BSES Rajdhani Power owed a total of Rs 28,483 crore till 31 July 2025.
Reliance Infra’s subsidiary companies will recover regulatory assets worth Rs 28,483 crore in a period of 4 years, starting with the rebuilt impact from April 1, 2024, following an order from the Supreme Court on the guidelines issued by the Supreme Court on the guidelines issued on the recovery of regulatory assets.
Reliance Infrastructure has a 51 percent stake in BSES Yamuna Power Limited and BSES Rajdhani Power, while the remaining 49 percent stake is with the Delhi government. Both these power distribution companies (Discom) supply electricity to about 53 lakh houses in the national capital Delhi.
Regulatory assets continue to grow
On Wednesday, the Supreme Court ruled that regulatory assets, including the cost of Rs 27,200.37 crore, should be paid to three private discoms of Delhi within three years. Regulatory assets are the costs to be borne by power distribution companies, which are considered to be recovered from consumers as tariffs by the state regulator in the coming time.
Regulatory assets in Delhi have increased rapidly in the last few years. As of March 31, 2024, regulatory assets for BSES Rajdhani Power Limited reached Rs 12,993.53 crore, Rs 8,419.14 crore for BSES Yamuna Power Limited and Rs 5,787.70 crore for Tata Power Delhi Distribution Limited for Rs 27,200.37 crore.
The company filed a writ petition
Reliance Infra said that his power distribution companies had filed a writ petition and civil appeal in the Supreme in 2014, raising the issue of non-levied tariffs, illegal construction of regulatory assets and not to liquidate the regulatory assets.
The Supreme Court, after hearing these petitions in detail and after hearing all the parties including the State Governments and the State Electricity Regulatory Commissions, ordered that the Electricity Regulatory Commission (ERC) should submit a roadmap for the liquidation of the existing regulatory assets, which would include provisions to deal with the cost.
The order states that ERC will also have to audit the circumstances in which distribution companies have been working without recovery of regulatory assets.
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