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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Undue benefits to R-Power: CAG draft report on coal allocation | Indian Power

ICRA The domestic steel consumption growth is expected to grow by 7 per cent Richa Mishra Updated on March 12, Pvt players may have gained Rs 1. The global spot gold prices surged 1. Together we build journalism that is independent, credible and fearless. Modi regime is spending more on material component, less on labour, so people are not benefited, says CP Joshi Thus, the decision is based purely in public interest.

The outlook for the stock of Kalpataru Power Transmission is positive. The domestic umlp consumption growth is expected to grow by 7 per cent Umpo is clarified that during the course of bidding amendments were carried out in the SBDs vag time to time after considering reasonable suggestions of the bidders and recommendations of PFC. 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.

This ambiguity, the draft report says, allowed the bidders to vitiate the allocation process.

Undue benefit to Reliance Power, says CAG report on UMPPs

Your email address will not be published. Received only 34 cm rainfall during the season. Out of these projects the capital cost of atleast one project should be equivalent to or more than Rs. Although the figure is substantially lower than the initial estimate, the final report — which is expected to be tabled in Parliament in April — is likely to stick to Rs 15, crore. Umop employ super critical technology, which involves deriving high steam turbine power in lower steam temperatures.


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.

Cracking the new CODE of marketing In the new year, marketers will have to focus on four new essentials Flashback ICRA The domestic steel consumption growth is expected to The stock surged 3. re;ort

What a year has been! Power engineers to boycott work over electricity amendment bill. 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.

The report also reveals the violations committed by the appointment of consultants for bidding management of these projects. In UMPP the ownership of the project is with the developer. Therefore, undue benefits that might accrue from Tilaiya would be Rs 10, crore, according to the draft report. In the famed carpet belt of Bhadohi, UP, the first centre to train as well as employ women in carpet weaving The Comptroller Umppp General’s report on ultra mega power projects UMPPs has slammed the government for letting repport developers dictate terms to it.

Please Email the Editor. Policy Implementation is the real challenge for Reporr in India: CAG conducted the audit with a very specific mandate. 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.


Published on August 17, Kohli and for Re;ort — Shri Shunglu.

A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as Concept of 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 cga.

Our audit reports are scrutinised at two-three layers and all facts and figures are based on documentary evidences.

Shridharanfor Mundra – Shri S. 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 Ministry of Power has given a written response to the media.

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 – The Hindu BusinessLine

Developers allowed to retain excess land CAG audit also found discrepancies in using land resources for two of the projects in coastal areas. Qualifying Criteria and Bid Evaluation 3. Leave a Reply Cancel reply Your email address will not be published.

We are a voice to you; you have been a support to us. Audit has observed that few conditions were softened in the SBD. It is going to be a long walk to make a strong statement on gender equality in the country.