‘Tangedco failed to levy ₹827.64 cr. damages’
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The Tangedco didn’t levy liquidated damages of ₹827.64 crore on 9 long-term suppliers who delayed the graduation of provides from scheduled supply dates throughout the earlier AIADMK regime. It additionally paid enhanced tariff to eight long-term energy suppliers, regardless of them not supplying energy for the primary two years of the settlement interval, main to an avoidable expenditure of ₹712.03 crore until 2018, the CAG report for the 12 months ending March 2018 stated.
The CAG report, tabled within the Assembly on Thursday, additionally discovered that Tangedco didn’t observe the rules laid down by the Centre for phasing out the buildup of ash on land, and amassed 62.15 million metric tonnes in ash dykes in three thermal energy stations, as on March 2019.
“The continued dumping of ash on land resulted in the contamination of groundwater, the Buckingham Canal and the Kosasthalaiyar river,” the report stated.
On medium-term energy buy agreements, Tangedco didn’t declare liquidated damages of ₹24 crore from two suppliers for a delay in graduation of provide.
“Instead, it procured the shortfall quantity at higher rates, resulting in the avoidable expenditure of ₹116.04 crore,” it stated.
The CAG additionally discovered {that a} delay within the completion of tasks by central producing stations (CGS) had led to Tangedco bearing price escalation of ₹2,381.54 crore, by the use of extra price in tariff, in addition to buying the shortfall amount by incurring avoidable expenditure of ₹2,099.48 crore.
As Tangedco was not drawing the entitled share of energy from low-cost CGS and drawing an identical quantity from different costlier sources, it incurred an avoidable expenditure of ₹349.67 crore. It additionally grew to become accountable for fee of upper tariff for buying solar energy, due to extension of the commissioning interval by TNERC, leading to extra expenditure of ₹605.48 crore, the report stated.
The buy of energy from co-generation crops, by terminating the prevailing agreements and buying the identical by means of the short-term route, additionally resulted in avoidable expenditure of ₹93.41 crore.
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