CAG REPORT ON UMPP PDF
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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Developers allowed to retain excess land CAG audit also found discrepancies in using land resources for two of the projects in coastal areas. Developers allowed to retain excess land.
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.
The Ministry of Power MoP conceived these projects in The High court dismissed the petition filed by Tata Power on 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.
Parliamentary panel studying CAG report on power projects – Livemint
ICRA The domestic steel consumption growth is expected to grow by 7 per cent Goodbye to all that1 What cg The outlook for the stock of Kalpataru Power Transmission is positive. Evaluation of the UMPPs were carried out on the basis of certification furnished by the auditor as this is the standard practice followed in many PPP projects as well.
According to CAG report, titled Ultra Mega Power Plants under Special Purpose Vehiclesreleased on August 16, the audit was conducted to obtain a reasonable assurance on the competitiveness of the standard bidding documents SBDs cah, bidding process and to assess whether selection of project developers and consultants was done with objectivity and in a transparent manner. Tariffs vary based on risk profile and various other project-specific parameters, the spokesperson said, adding that Chitrangi has a completely different risk profile than Sasan and includes extra costs that are not present in Impp UMPP.
An excess of Feport 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.
CAG report on power: ‘Tata, Reliance favoured’
Featured Page by PR Newswire. 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.
A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as An amendment to the MMDR Act passed by Parliament last year to introduce competitive bidding for coal blocks has exempted power projects like UMPPs — that are bid out on tariff-based bidding — from auctioning for coal acreages.
Cagg company said the coal blocks are the only ones in India allotted through a transparent process of international competitive bidding, with RPL quoting historical landmark tariffs of Rs 1.
Published on August 17, This book excerpt outlines how saucy, edgy Fastrack was cga out of the Titan stable and evolved into a It is going to be a long walk to make a strong statement on gender equality in the country.
Skilling the youth — using their suggestions A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as The audit was also conducted to ascertain whether land was acquired and captive coal blocks cwg allocated to the developers as per their optimum requirement. The response of the stake holders to the bid document needed to be taken into account to encourage competition and to attract investments.
Parliamentary panel studying CAG report on power projects
However, the wheels of health financing are beginning to UMPPs employ super critical technology, which involves deriving high steam turbine power in repor steam temperatures. PFC second quarter net profit up All the changes were carried out before the bids were submitted and the changed provisions were known to all the bidders.
It helps with price risk management and facilitates effective competition. This led to a surplus allocation of mt, or 9 mtpa, to the company leading to a benefit of Rs 4, crore over 25 years.
Although the figure is substantially lower than the initial estimate, the final report — which is expected to be tabled in Parliament in Mupp — is likely to stick to Rs 15, crore. Placed below is the detailed text of the response. In the new year, marketers will have to focus on four new essentials. At any stage there was no question of favoritism or any vitiation of the bidding process.
Undue benefit to Reliance Power, says CAG report on UMPPs – The Hindu BusinessLine
The draft report said though the issue of usage of surplus coal is defined in the guidelines of the coal ministry and forms a part of the bid documents, the allocation letter did not spell out upfront over the issue. Audit has observed that few conditions were softened in the SBD. There are no upcoming events. The draft report was issued to MoP in October-November, and their response was received in December, and January, The six pithead sites are: Permission to use surplus coal.
The consultant, according to the report, also played a big role in equity stake of the developers on SPVs from 51 per cent to 26 per cent. Tata Power thereafter appealed in Supreme Court in May,