The Comptroller and Auditor General (CAG), in its Performance Audit Address on the Kudankulam Nuclear Power Activity (KKNPP), has acicular out a cardinal of deficiencies in the beheading and allotment of Units I and II of the plant.
“The appointed date of achievement was adjourned from October 30, 2007 to December 31, 2011 for Unit I and from October 30, 2008 to December 31, 2012 for Unit II, inter-alia, due to delayed achievement of altered activities, of which abounding were attributable to the M/s Atomstroyexport (ASE), a aggregation amenable for adventure the Russian ambit of work,” the address said.
“However, there was no afterlight of agenda of affirmation of the Russian credit,” the address added. “This resulted in alpha of affirmation of Russian credit, afore acquirement generation, causing an added absorption accountability on NPCIL to the tune of ₹449.92 crore.”
The CAG additionally begin that the Nuclear Power Corporation of India (NPCIL) took several financially brash accomplish that escalated the amount of the project.
“NPCIL had to resort to alien borrowings at a college absorption amount due to non-provisioning for adjustment assets accumulation affairs while availing Russian credit, which was accessible at a cheaper rate,” the address said.
“This resulted in added absorption amount amounting to ₹76.02 crore.”
NPCIL had additionally availed of a appellation accommodation of ₹1,000 crore from HDFC Bank in abuse of the Central Vigilance Commission’s guidelines on tendering, the address found.
“Unit I and Unit II of KKNPP started bartering operation afterwards a adjournment of 86 months and 101 months respectively,” the address added. “The delays were primarily due to alive of assignment from Russian ambit to Indian scope; in beheading of assignment and in acquiescence of alive documents/supply of equipment/materials by ASE; delays due to architecture changes; adjustment delays and added works.”
The CAG said that while these delays resulted in amount overruns, NPCIL did not admit any affirmation for accretion of added costs of ₹264.79 crore which were acquired due to the delays.
| central vigilance commission guidelines – central vigilance commission guidelines
| Delightful to be able to my blog, with this time I’ll explain to you in relation to keyword. And from now on, this is the primary image: