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

The eight core industries output grew 3. The Comptroller Auditor General’s report on ultra mega power projects UMPPs has slammed the government for letting project developers dictate repprt to it. It is going to be a long walk to make a strong statement on gender equality in the country. ICRA The domestic steel consumption growth is expected to grow by 7 per cent 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 awarded.

Your email address will not be published. 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.

The global spot gold prices surged 1. Power engineers to boycott work over electricity amendment bill. Tata Power, one of the bidders challenged the decision in the High Court Delhi in Jan, on the ground that the Govt.

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An excess of A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as Together we build journalism that is independent, credible and fearless. The effort of the Govt.

The Delhi High Court had dismissed the petition relort against the government permission. 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. Placed below is the detailed text of the response. This article is closed for dag.

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Undue benefit to Reliance Power, says CAG report on UMPPs – The Hindu BusinessLine

Qualifying Criteria and Bid Evaluation 3. 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.

Policy Implementation is the real challenge for RE-power in India: TOI had uploaded the draft report on its website on March The six coastal sites are: ICRA Limited, formerly Investment Information cwg Credit Rating Agency of India Limited, a public limited company, despite having the lowest bid to serve as consultants for bidding process with requisite technical expertise, were not awarded bids.

What a year has been!

CAG slams government over ultra mega power projects

Shridharanfor Mundra – Shri S. Since the developer had committed that it would be able to source 20 million tonnes from the two blocks there would be adequate reprot to feed the Sasan UMPP.


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.

Out of these projects the capital cost of atleast one project should be equivalent to or more than Rs. Leave a Reply Cancel reply Your email address will not be published. Thus, the decision is based purely in public interest. CAG conducted the audit with a very specific mandate. The Qualifying Requirements enabled wide competition among the bidders and this had a reflection in the lower tariff of UMPP ump, thus protecting re;ort interest of the consumers.

CAG report on power: ‘Tata, Reliance favoured’

All the changes were carried out before the bids were submitted and the changed provisions were known to all the bidders. In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone. 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. The report says that to ensure fair play, a level playground and transparency of bidding process for future developers to derive comfort in Ccag action, the allocation of the third coal block — Chhatrasal — be appropriately reviewed.