CAG report: RPower says EGoM okayed use of surplus coal
August 17, 2012  15:34
This is what Reliance Power said today on the CAG report that 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.

The company said a top inter-ministerial panel in 2008 had taken the decision to allow the company to use surplus coal from mines allotted for Sasan UMPP and its review has already been implemented.

"The decision of permitting use of Surplus Coal for power generation has been ratified by EGoM on two separate occasions (once in 2008 and again in 2012)," Reliance Power said in a statement.

Based on the Attorney General's opinion, the EGoM on UMPPs has affirmed in April, 2012 that the decision to permit usage of surplus coal from Sasan UMPP is a well considered decision. Thus, CAG's recommendation of reviewing this decision has already been implemented, the statement said.
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