HYDRO POWER PROJECTS WERE AWARDED AT THROWAWAY CHARGES : CAG
‘Astronomical loss in potential revenue due to absence of defined hydel policy’
The white paper tabled in the Assembly in July last year had indicated that the State Government itself of taking a ‘piecemeal approach’ while unleashing ‘bolt from the blue’ to the clueless Sikkimese people on the hydel thrust, the CAG has translated this ‘institutional failure’ into a financial haemorrhage , the quantum of which runs into hundreds of crores of rupees at the cost of the exchequer-all due to ‘absence of firm and defined policy’.
In its report for the year ended 31 March 2009 which was tabled in Sikkim Legislative Assembly today, the CAG said that the State had neither finalized its hydro power policy nor prepared a time bound plan till date for the implementation of 35 hydel power projects indentified with an aggregate installed capacity of 5,741.2 MW in Sikkim.
Barring Rangeet Stage III (60 MW) and Teesta Stage V (510 MW) which had been commissioned already , thirteen power projects are at various stages of process while 8 projects are yet to make any progress as of September 2009, the CAG said.
“Absence of a firm and defined policy and a definite plan led to inconsistency in awards of projects and lack of well thought revenue model resulted in loss of potential revenue”, said the CAG in its report questioning transparency in award of the power projects.
Open advertisement and dissemination of information was not done and instead all the projects, irrespective of the size were awarded by the State Government through the MoU route without calling for bids, the CAG sobserved.
“Despite considerable hue and cry in the State regarding the methodology adopted for the award of the projects, the Government has not notified the details of potential available, modality for the award of projects, technical capability, financial strength and experience of IPPs (Independent Power Producers) chosen etc to the public”, the CAG said.
‘Astronomical loss in potential revenue due to absence of defined hydel policy’
The white paper tabled in the Assembly in July last year had indicated that the State Government itself of taking a ‘piecemeal approach’ while unleashing ‘bolt from the blue’ to the clueless Sikkimese people on the hydel thrust, the CAG has translated this ‘institutional failure’ into a financial haemorrhage , the quantum of which runs into hundreds of crores of rupees at the cost of the exchequer-all due to ‘absence of firm and defined policy’.
In its report for the year ended 31 March 2009 which was tabled in Sikkim Legislative Assembly today, the CAG said that the State had neither finalized its hydro power policy nor prepared a time bound plan till date for the implementation of 35 hydel power projects indentified with an aggregate installed capacity of 5,741.2 MW in Sikkim.
Barring Rangeet Stage III (60 MW) and Teesta Stage V (510 MW) which had been commissioned already , thirteen power projects are at various stages of process while 8 projects are yet to make any progress as of September 2009, the CAG said.
“Absence of a firm and defined policy and a definite plan led to inconsistency in awards of projects and lack of well thought revenue model resulted in loss of potential revenue”, said the CAG in its report questioning transparency in award of the power projects.
Open advertisement and dissemination of information was not done and instead all the projects, irrespective of the size were awarded by the State Government through the MoU route without calling for bids, the CAG sobserved.
“Despite considerable hue and cry in the State regarding the methodology adopted for the award of the projects, the Government has not notified the details of potential available, modality for the award of projects, technical capability, financial strength and experience of IPPs (Independent Power Producers) chosen etc to the public”, the CAG said.
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