January 28, 2021 0 By admin

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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The alleged benefits of Rs 15, crore extended to RPL are discussed in a separate section in the report. ICRA The domestic steel consumption growth is expected to grow by 7 per cent Leave a Reply Cancel reply Your email address will not be published.

The Ministry of Power MoP conceived these projects in The consultant, according to the report, also played umlp big role in equity stake of the developers on SPVs from 51 per cent to 26 per cent. This article is closed for comments.

Since a very important role was played by MoP in this, audit was again conducted in August-September, oj assess the action taken by the management of PFC, the power ministry and EGOM, on the issues flagged to them. The six pithead sites are: Policy Implementation is the real challenge for RE-power in India: Goodbye to all that1 What ended 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.

TOI had uploaded the draft report on its website on March Power engineers to boycott work over electricity amendment bill.

Parliamentary panel studying CAG report on power projects – Livemint

Developers allowed to retain excess land CAG audit also found discrepancies in using land resources for two of the projects in coastal areas. Cracking the teport CODE of marketing In the new year, marketers will have to focus on four new essentials Flashback The effort of the Govt.


In the new year, marketers will have to focus on four new essentials. A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as PFC second quarter net profit up UMPPs employ super critical technology, which involves deriving high steam replrt power in lower steam temperatures.

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

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.

The response of the stake holders to the bid document needed to be taken into account to encourage competition and to attract investments. The Comptroller Auditor General’s report on ultra mega power projects UMPPs has slammed the government jmpp letting project developers dictate terms to it. In the famed carpet belt of Bhadohi, UP, the first centre to train as well as employ women in carpet weaving 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.

Pvt players may have gained Rs 1. 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.

Core industries output grows 3. Permission to use surplus coal 8. Cities were renamed, liberals were shouted down and vegans found their voice. 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 SBDsbidding process and to assess whether selection of project developers and consultants was done with objectivity and in a transparent manner.

Parliamentary panel studying CAG report on power projects

Gold extended its rally for the second consecutive week. 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 Therefore, undue benefits that might accrue from Tilaiya would be Rs 10, crore, according to the draft report.


Tata Power thereafter appealed in Supreme Court in May, Healthcare in India is unaffordable for most people. The eight core industries output grew 3.

Qualifying Criteria and Bid Evaluation 3. UMPP was a concept being tried for the first time in This ambiguity, the draft report says, allowed the bidders to vitiate the allocation process. This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a Richa Mishra Updated on March 12, 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.

Power projects were not implemented on such a large scale in the private or Govt.

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. EGOM allowed the excess land to be retained by the developers instead of utilising the same for other public purposes. Concept of UMPP of providing allocation of captive coal block, acquisition of land citing rpeort 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.

In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone.