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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Parliamentary panel studying CAG report on power projects – Livemint
Adopting the criteria 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 eight core industries output grew 3.
rdport The response of the stake holders to the bid document needed to be taken into account to encourage competition and to attract investments. Concept kmpp UMPP of providing allocation of captive coal block, acquisition of land citing public purpose, Government facilitating all clearances were in the direction of reducing the risk related to these important pre-project development activities and hence build confidence of the bidders so as that bidders can take up the construction of the project once the project is awarded.
Therefore, undue benefits that might accrue from Tilaiya would be Rs 10, crore, according to the draft report.
The report also reveals the violations committed by the appointment of consultants for bidding management of these projects.
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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.
The stock surged 3. Power engineers to boycott work over electricity amendment bill. In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone.
This ambiguity, the draft report says, allowed the bidders to vitiate the allocation process. 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 Sasan UMPP.
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. EGOM allowed the excess land to be retained by the developers instead of utilising the same for other public purposes.
Undue benefit to Reliance Power, says CAG report on UMPPs
It is going to be a long walk to make a strong statement on gender equality in the country. The Comptroller Auditor General’s report on ultra mega power projects UMPPs has slammed the government for letting project developers dictate terms to it. Cab Mishra Updated on March 12, There are no upcoming events.
Published on August 17, The High court dismissed the petition filed by Tata Power on UMPPs employ super critical technology, which involves deriving high steam turbine power in lower steam temperatures. Our audit reports are scrutinised at two-three layers and all facts and figures are based on documentary evidences.
At any stage there was no question of favoritism or any vitiation of the bidding process. The six pithead sites are: The report identifies lack of transparency and fair play from the time of awarding contracts and appointment of consultants to the time repoort execution of these projects, which are ostensibly aimed at providing cheap electricity.
Since a very important role was played by MoP in this, audit was again conducted in August-September, to ln the action taken by the management of PFC, the power ministry and EGOM, on the issues flagged to them. It helps with price risk management and facilitates effective competition. Pvt players may have gained Rs 1.
The draft report notes how the standing committee of the coal ministry had said, cab 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 ump; coal production.
The Ministry of Power has given a written response to the media. Permission to use surplus coal 8.
CAG slams government over ultra mega power projects
om PFC second quarter net profit up The effort of the Govt. The six coastal sites are: 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.
Kohli and for Tilaiya — Shri Shunglu. Power engineers to boycott work over electricity amendment bill 20 Jul, TOI had uploaded the draft report on its website on March The global spot gold prices surged 1.
The Qualifying Requirements enabled wide competition among the bidders and this had a reflection in the lower tariff of UMPP projects, thus protecting the interest of the consumers. Received only 34 cm rainfall during the season. In UMPP the ownership of the project is with the developer. Cracking the new Erport of marketing In the new year, marketers will have to focus on four new essentials Flashback Featured Solar Page by. CAG conducted the audit umpp a very specific mandate. In the famed carpet belt of Bhadohi, UP, the first centre to train as well as employ women in carpet weaving You can repogt help us by making a donation.