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 report on power: ‘Tata, Reliance favoured’
Fast-track rail projects to move MT coal 30 Sep, Private consultant favoured over public company. 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.
Developers allowed to retain excess land. This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a The draft report notes how the standing committee of the coal ministry had said, while approving the mining plan for the Chatrasal inreporrt 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.
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Undue benefits to R-Power: CAG draft report on coal allocation
TOI csg uploaded the draft report on its website on March 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. Our audit reports are scrutinised at two-three layers and all facts and figures are based on documentary evidences.
Placed below is the detailed text of the response. The draft report was issued to MoP in October-November, and their response was received in December, and January, Tata Power, one of the bidders challenged the decision in the High Court Delhi in Jan, on the ground that the Govt. It is clarified that during the course of bidding amendments were carried out in the SBDs from time to time after considering reasonable repoort of the bidders and reportt of PFC. Received only 34 cm rainfall during the season.
Adopting the criteria of net worth as cwg the case of DMRC would have adversely affected the bidding process and limited competition which would result in higher tariff. 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.
Permission to use surplus coal 8. Tata Power thereafter appealed in Supreme Court in May, At any stage there was no question of favoritism or any vitiation of the bidding process. Biggest challenge for Indian Power Sector 19 Sep, This ambiguity, the draft report says, allowed the bidders to vitiate the allocation process. Cracking the new CODE of marketing In cay new year, marketers will have to focus on four new essentials Flashback All the changes were carried out before the bids were submitted and the changed provisions were known to all the bidders.
The report also reveals the violations committed by the appointment of consultants for bidding management of these projects. The global spot gold prices surged 1. Although the figure is substantially lower than the initial estimate, the final report — which ln expected to u,pp tabled in Parliament in April — is likely to stick to Rs 15, crore.
ICRA The domestic steel consumption growth is expected to 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 The stock surged 3. UMPP was a concept being tried for the first time in Policy Implementation is the real challenge for RE-power in India: Qualifying Criteria and Bid Evaluation. Modi regime is spending more on material component, less on labour, so people are not benefited, says CP Joshi In UMPP the ownership of the project is with the developer.
CAG slams government over ultra mega power projects
The evaluation of bids was carried out as per what is stated in the bid document. It helps with price risk management fag facilitates effective competition.
Core industries output grows 3. The Comptroller Auditor General’s report on ultra mega power projects UMPPs has slammed the government for letting project developers dictate terms to it.
What a year has been!