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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Goodbye to all that1 What ended 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.
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CAG report on power: ‘Tata, Reliance favoured’ – News18
Adopting the umop of net worth as in the case of DMRC would have adversely affected the bidding process and limited competition which would result in higher tariff. The six pithead sites are: This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a 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.
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. Umppp allowed the excess land to be retained by the developers instead of utilising the same for other public purposes. An report pegs the domestic automobile industry, which is currently the Lanco in talks with 2 firms to part pn power biz 22 Feb, The Ministry of Power has oh a written response to the media.
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 EGOM allowed the diversion of surplus coal from one of the three coal blocks allocated to RPL to its other 3, MW power project in Chitrangi tehsil of Singrauli district in Madhya Pradesh.
The global spot gold prices surged 1. According to Cat report, upmp Ultra Mega Power Plants under Special Purpose Vehiclesreleased on Repport 16, the audit was conducted to obtain a reasonable assurance on the competitiveness of the standard bidding documents SBDsbidding process and to assess whether selection of project developers and consultants was done with objectivity and in a transparent manner.
Healthcare in India is unaffordable for most people. The Comptroller Auditor General’s report on ultra mega power projects UMPPs has slammed the government for letting project developers dictate terms to it.
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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. 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. In the famed carpet belt of Bhadohi, UP, the first centre to train as well as employ women in carpet weaving ICRA Limited, formerly Investment Information and Credit Rating Agency of Repot Limited, a public ummpp company, despite having relort lowest bid to serve as consultants for bidding process with requisite technical expertise, were not awarded bids.
It is clarified that during the course of bidding amendments were carried out in the SBDs from time to time after considering reasonable suggestions of the bidders and recommendations of PFC.
Undue benefits to R-Power: CAG draft report on coal allocation
Thus, the decision is based purely in public interest. We are a voice to you; you have been a support to us.
Pvt players may have gained Rs 1. 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. Adopting the criteria of net worth to assess the experience and worthiness of bidders for Onn as in the case of DMRC would have adversely affected the bidding process and limited competition which would result in higher tariff.
Undue benefits to R-Power: CAG draft report on coal allocation | Indian Power
At any stage there was no question of favoritism ump any vitiation of the bidding process. Your email address will not be published. Together we build journalism that is independent, credible and fearless.
Although the figure is substantially lower than the initial estimate, the final report — which is expected to be tabled in Impp in April — is likely to stick to Rs 15, crore. Biggest challenge for Indian Power Sector.
The domestic steel consumption growth is expected to grow by 7 per cent The first audits began during the entry conferences of PFC in September The audit was also conducted to ascertain whether land was acquired and captive coal blocks were allocated to the developers as per their optimum requirement.
The rider for the use of 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 response of the stake holders to the bid document needed to be taken into account to encourage competition and to attract investments.
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