New Delhi: The CAG report on Ultra Mega Power Projects (UMPP) on Friday said that Reliance Power and Tata benefited in the Sasan Ultra. Panel seeks clarification from power ministry on CAG report. According to the original bidding norms, coal meant for one UMPP could not be. The CAG report on Ultra Mega Power Projects was tabled in Parliament today. UMPP was a concept being tried for the first time in
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We are a voice to you; you have been a support to us. Cracking the new CODE of marketing In the new year, marketers will have to focus on four new essentials Flashback Qualifying Criteria and Bid Evaluation. The report identifies lack of transparency and fair play from the time of awarding contracts and appointment of consultants to the time of execution of these projects, which are ostensibly aimed at providing cheap electricity.
Since the developer had committed that it would be able to source 20 million tonnes from the two blocks there would be adequate coal to feed the Sasan UMPP. Permission to use surplus coal 8.
Undue benefits to R-Power: CAG draft report on coal allocation
Undue benefits to R-Power: The report says that to ensure fair play, a level playground and transparency of bidding process for future developers to derive comfort in Government action, the allocation of the third coal block — Chhatrasal — be appropriately reviewed. The report says RPL made profits worth Rs 29, crore with a net present value of Rs 11, crores as the empowered group of ministers Umpp allowed the diversion of surplus coal from one of the three coal blocks allocated to RPL to its ukpp 3, MW power project in Chitrangi tehsil of Singrauli district in Madhya Pradesh.
The report also reveals the violations committed by the appointment of consultants for bidding management of these projects. Are Ayushman Vag rates out of sync? Kohli and for Tilaiya — Shri Shunglu. The stock surged 3.
CAG slams government over ultra mega power projects
Qualifying Criteria and Bid Evaluation 3. It is clear from one of the recommendations that that the private companies violated the rules right from the bidding process and the empowered ministers now could only monitor the physical progress of these projects.
The eight core industries output grew 3. Richa Mishra Updated on March 12, Therefore, undue benefits that might accrue from Tilaiya would be Rs 10, crore, according to the draft report. What a year has been! Audit has observed that few conditions in softened in the SBD. A multi-stake partnership to equip adolescents and youth for the job market is taking reoprt, with Unicef as Placed repott is the detailed text of the response. Adopting the criteria of net worth as in the case of DMRC would have adversely affected the bidding process and limited kn which would result in higher tariff.
Saturday 04 July The draft report notes how the standing committee of the coal ministry had said, while approving the mining plan for the Chatrasal inthat there was no justification for allocation of the Chatrasal block for the Sasan UMPP, but the mining plan is being approved in view of the need to step up coal production. The rider for the use rport the incremental coal, incidentally comes with safeguards, such as Sasan UMPP—which is also a part of RPL—will always have the first right and overriding priority over all coal produced from the allocated blocks and the power generated by utilising such coal would be sold through tariff-based competitive bidding.
The domestic steel consumption growth is expected to grow by 7 per cent Subscribe to Re;ort Newsletter:. UMPP was a concept being tried for the first time in Power engineers to boycott work over electricity amendment bill 20 Jul, Developers allowed to retain excess land. In UMPP the ownership of the project is with the developer.
Undue benefits to R-Power: CAG draft report on coal allocation | Indian Power
The six coastal sites are: It is asserted that the Ministry has always followed a transparent and fair competitive bidding process and would continue to adhere to the tariff based competitive bidding policy for the benefit of the common consumer. TOI had uploaded the draft report on its website on March It is stated that the cost and tariff of two projects cannot be compared as the tariff would vary with the capital employed in the project, the size of the project and the technology used.
CAG audit also found discrepancies in using land resources for two of the projects in coastal areas. Since a very important role was played by MoP in this, audit was again conducted in August-September, to assess the action taken by the management of PFC, the power ministry and EGOM, on the issues flagged to them. Goodbye to all that1 What ended This article is closed for comments.
It helps with price risk management and facilitates effective competition. Adopting the criteria of net worth to assess the experience and worthiness of bidders for UMPPs as in ln case of DMRC would have adversely affected the bidding process and limited competition which would result in higher tariff. This was in pursuance of the emphasis laid in the XI Five Year Plan on removing infrastructure bottlenecks for sustained growth.
The alleged benefits of Rs 15, crore extended to RPL are discussed in a separate section in the report.