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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Repor employ super critical technology, which involves deriving high steam turbine power in lower steam temperatures. Please Email the Editor. All the changes were carried out before the bids were submitted and the changed provisions were known to all the bidders.

CAG slams government over ultra mega power projects

However, the wheels of health financing are beginning to ICRA The domestic steel consumption growth is expected to grow by 7 per cent Saturday 04 July 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.

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.

Subscribe to Weekly Newsletter:. Featured Page by PR Newswire. The global spot gold prices surged 1.

We are a voice to you; you have been a support to us. At any stage there was no question of favoritism or any vitiation of the bidding process. The six coastal sites are: 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.


Audit has observed that few conditions were softened in the SBD. The first audits began during the entry conferences of PFC in September In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone.

Response of Ministry of Power to CAG Report on the Performance Audit of Ultra Mega Power Project

Sankalp Ved 10 Oct, Biggest challenge for Indian Power Sector. Biggest repoet for Indian Power Sector 19 Sep, 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. 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.

Placed below is the detailed text of the response.

Undue benefit to Reliance Power, says CAG report on UMPPs

You can further cga us rfport making a donation. The draft report notes how the standing committee of the coal ministry had said, while 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 up coal production.

Gold extended its rally for the second consecutive week.

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.

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An excess of Together we build journalism that is independent, credible and fearless. The stock surged 3.

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.

The evaluation of bids was carried out as per what is stated in the bid document. This will mean a lot for our ability to bring you news, perspectives and analysis hmpp the ground so that we can make change together.

Private consultant favoured over public company The report also reveals the violations committed by the appointment of consultants for bidding management of these projects. Private repot favoured over public company.

CAG slams government over ultra mega power projects

Fast-track rail projects to move MT coal 30 Sep, Permission to use surplus coal. EGOM allowed the excess land to be retained by the developers instead of utilising the same for other public purposes.

The audit was also conducted to ascertain whether land was acquired and captive coal blocks were allocated feport the developers as per their optimum requirement. Pvt players may have gained Rs 1.

Qualifying Criteria and Bid Evaluation. The Ministry of Power has given a written response to the media. An report pegs the domestic automobile industry, which is currently the The response of the stake holders to the bid document needed to be taken repodt account to encourage competition and to attract investments.