Puducherry : A report of the Comptroller and Auditor General (CAG) of India for the year ended March 2020 tabled on the floor of the House on Monday by Puducherry Chief Minister N Rangasamy stated that the Electricity Department of the Union Territory has not maintained good balance of interest between power utilities and consumers. […]
NTPC subsidiary incurred Rs 137.87-cr loss due to failure to meet CERC norms: CAG – EQ Mag Pro
In a performance audit report, the CAG has said that an NTPC subsidiary incurred a loss of Rs 137.87 crore due to its failure to achieve the norms fixed by the CERC The NTPC subsidiary failed to achieve the norms fixed by CERC for gross station heat rate, auxiliary power consumption and specific fuel oil […]
Public Notice: Financial Bid Opening for Appointment Of C&AG Empaneled Auditors for Regulatory Audit of Books of Account of DISCOMs in NCT of Delhi – EQ Mag Pro
Public Notice: Financial Bid Opening for Appointment Of C&AG Empaneled Auditors for Regulatory Audit of Books of Account of DISCOMs in NCT of Delhi. For more information please see below link:
Tamil Nadu Power Sector Companies Incurred Rs 13,000 Crore Loss: CAG
According to the report tabled in the Assembly the Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) last fiscal suffered an increased loss of Rs 4,862 crore mainly due to higher costs Increased power purchase, coal handling, financing and employee costs has resulted in the five Tamil Nadu state power sector companies incurring a loss […]
Private firms fear aggressive bidding by Power Grid, write to CAG
The nine transmission projects in question, with and estimated cost of about Rs 2,700 crore, were recommended by an empowered committee on transmission for more than 19,000 mega-watt of renewable energy plants. Private power transmission companies are apprehensive that state-owned Power Grid Corporation of India (PGCIL) would quote “unreasonably low” prices in the upcoming bids […]