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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CAG slams government over ultra mega power projects
EGOM allowed the excess land to be retained by the developers instead of utilising the same for other public purposes. Healthcare in India is unaffordable for most people. Developers allowed to retain excess land.
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.
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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. UMPP was a concept being tried for the first time in Are Ayushman Bharat rates out of sync? The report also reveals the violations committed by the appointment of consultants for bidding cav of these projects. Qualifying Criteria and Bid Evaluation pn.
Gold extended its rally for the second consecutive week. Therefore, undue benefits that might accrue from Tilaiya would be Rs 10, crore, according to the draft report.
Undue benefit to Reliance Power, says CAG report on UMPPs
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. 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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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.
Received only 34 cm rainfall during the season. 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.
Your email address will not be published. All the reporg were carried out before the bids were acg and the changed provisions were known to all the bidders.
CAG report on power: ‘Tata, Reliance favoured’ – News18
The consultant, according to umpo report, also played a big role in equity stake of the developers on SPVs from 51 per cent to 26 per cent.
There are no upcoming events. The High court dismissed the petition filed by Tata Power on However, the wheels of health financing are beginning to Undue benefits to R-Power: Featured O by PR Newswire. 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.
The eight core industries output grew 3.
Thus, the decision is based purely in public interest. The 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. This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a The outlook for the stock of Kalpataru Power Transmission is positive. Power engineers to boycott work over electricity amendment bill 20 Jul, The birth of a youth brand This book excerpt cah how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a Our audit reports are scrutinised at two-three layers and all facts and figures are based on documentary evidences.
Adopting the criteria of net worth as in the case mupp DMRC would have adversely affected the bidding process and limited competition which would result in higher tariff.
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Together we build journalism that is independent, credible and fearless. 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. Tata Power thereafter appealed in Supreme Court in May, Leave a Reply Cancel rreport Your email address will not be published.