PSEB Engineers Association support third party audit of PSPCL

March 19, 2017 04:59 PM

Punjab News Express/Vinod Gupta
PATIALA: PSEB Engineers’ Association will provide support to conduct diligent third party audit as decided by Punjab government to investigate PSPCL’s operations in the last five years. The Association has cautioned that the desired results may not be achieved with the same management at the helm of affairs.

The Association in a letter to Power Minister has drawn his attention towards the various irregularities committed by the management especially after the arbitrary extension of CMD/PSPCL in February 2014 and other directors was done by previous government, the rule book was thrown in dust bin in PSPCL and arbitrary and mala fide actions were taken by PSPCL to benefit some firms/persons in quid pro quo arrangement.

The Association has highlighted some of the large irregularities committed by PSPCL management which includes loss of Rs. 500 crore to PSPCL due to abnormally high rates awarded to Private companies under part B of R APDRP scheme worth Rs. 1700 Crore and loss of Rs. 1231 Crores to PSPCL on account of non-recovery of liquidated damages due to delay in commissioning of private thermals at Talwandi Sabo and Goindwal sahib.

Baldev Singh president of association said that PSPCL is incurring annual Loss of Rs. 400 crore for the last two years due to non-operationalisation of its coal mine situated in Jharkhand .This has been compounded because of loss of Rs. 200 crore due to import of coal from M/s Adani.

In case of Loss of Talwandi Sabo thermal plant use of unwashed coal has led to loss of Rs. 500 crore . to PSPCL on account of higher power purchase cost and undue financial benefit of Rs. 350 crore on account of saving of washing cost .

Ajaypal Singh Atwal General Secretary said that undue financial benefits amounting to several crore to M/s. Nucon, Transformer Manufacturer firm and other private firms has been given. PSPCL management turned blind eye to power theft in select VIP areas.

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