-PTI Flaying post-bid concessions to Reliance Power, the CAG today said the Anil Ambani-led firm got undue benefit of Rs 29,033 crore when the government allowed use of surplus coal from blocks allotted to Sasan power plant for its other projects. CAG in its report tabled in Parliament said subsequent to award of the 4,000 MW Sasan ultra mega power project to RPL, the government granted permission to the company to utilise...
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CVC's reference to CBI puts PMO under cloud-Rakesh K Singh
-The Pioneer In what could puncture the Government’s defence that there were no irregularities in the allocation of coal blocks when the Coal Ministry was under the charge of Prime Minister Manmohan Singh, the Central Vigilance Commission (CVC) has specifically asked the CBI to look into the role of Prime Minister’s Office (PMO) and the Screening Committee of the Coal Ministry. The CVC has also asked the agency to probe why auction...
More »Most power plants left with just four days of coal supply-Anupama Airy
Be prepared for power outages ahead as coal supplies to 30 out of India's 95 thermal power plants have reached alarming levels. Out of these 30 power stations that produce 26,320 mega-watt (mw) of power, 25 plants are running on less than four days of coal stocks, according to data available with the power ministry's advisory wing, Central Electricity Authority (CEA). Of the 25, five are from National Thermal Power Corp...
More »Coalgate: CAG may stick to 'Rs 10.7 lakh crore' figure in final report; expected to soften tone
-The Economic Times The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said. This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...
More »Lanco refutes allegation of Rs 13k cr scam
-The Times of India Lanco, the company accused by Delhi-based Centre for Science and Environment (CSE) of illegitimately cornering contracts worth Rs 13,000 crore under the Jawaharlal Nehru National Solar mission, has objected to the allegations and said "they were not crosschecked with the company and were wrongly perceived". In a statement made to TOI, A Narasimhan, senior vice-president (corporate communications), said, "Lanco Group has equity participation in few of the companies...
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