Itz Chennai
  • WELCOME !
    • 2017 Jallikattu Protest
    • HOTELS IN CHENNAI >
      • Budget Hotels
      • 1 Star Hotels
      • 2 Star Hotels
      • 4 Star Hotels
      • 3 Star Hotels
      • 5 Star Hotels
    • TEMPLES IN CHENNAI
    • BARS & PUBS
    • TRANSPORT- GET IN
    • RESTAURANTS
    • EDUCATION >
      • SCHOOLS
      • ENGINEERING COLLEGES - CHENNAI
      • DIPLOMA COLLEGES
      • MEDICAL & DENTAL COLLEGE
      • ARTS & SCIENCE COLLEGE
    • CLIMATE IN CHENNAI
    • COMPANIES >
      • PLACEMENT CONSULTANCY - CHENNAI
    • HOSPITALS IN CHENNAI
    • PLACES TO VISIT
    • SHOPPING CENTERS
    • ENTERTAINMENT
    • REAL ESTATE IN CHENNAI
    • TELEPHONE DIRECTORY
    • PRIDE OF CHENNAI
    • MARRIAGE HALLS
    • POLICE STATION
    • LADIES HOSTEL
    • OLD AGED HOMES
    • POSTAL CODE - CHENNAI
    • MEDIA
    • QUICK LINKS
  • NEWS TREND
    • MOVIE REVIEWS
  • TECH TRENDS
  • SPORTS BUZZ
  • TOWNS
    • COIMBATORE
    • KUMBAKONAM
    • MADURAI
    • OOTY
    • KODAIKANAL
    • YERCAUD
    • MAMALLAPURAM
    • KANCHIPURAM
    • THANJAVUR
    • TIRUVANNAMALAI
    • TIRUCHIRAPPALLI
    • CHIDAMBARAM
    • SIRKAZHI
    • PALANI
    • KANNIYAKUMARI
    • RAMESWARAM
  • CONNECT WITH US
  • WELCOME !
    • 2017 Jallikattu Protest
    • HOTELS IN CHENNAI >
      • Budget Hotels
      • 1 Star Hotels
      • 2 Star Hotels
      • 4 Star Hotels
      • 3 Star Hotels
      • 5 Star Hotels
    • TEMPLES IN CHENNAI
    • BARS & PUBS
    • TRANSPORT- GET IN
    • RESTAURANTS
    • EDUCATION >
      • SCHOOLS
      • ENGINEERING COLLEGES - CHENNAI
      • DIPLOMA COLLEGES
      • MEDICAL & DENTAL COLLEGE
      • ARTS & SCIENCE COLLEGE
    • CLIMATE IN CHENNAI
    • COMPANIES >
      • PLACEMENT CONSULTANCY - CHENNAI
    • HOSPITALS IN CHENNAI
    • PLACES TO VISIT
    • SHOPPING CENTERS
    • ENTERTAINMENT
    • REAL ESTATE IN CHENNAI
    • TELEPHONE DIRECTORY
    • PRIDE OF CHENNAI
    • MARRIAGE HALLS
    • POLICE STATION
    • LADIES HOSTEL
    • OLD AGED HOMES
    • POSTAL CODE - CHENNAI
    • MEDIA
    • QUICK LINKS
  • NEWS TREND
    • MOVIE REVIEWS
  • TECH TRENDS
  • SPORTS BUZZ
  • TOWNS
    • COIMBATORE
    • KUMBAKONAM
    • MADURAI
    • OOTY
    • KODAIKANAL
    • YERCAUD
    • MAMALLAPURAM
    • KANCHIPURAM
    • THANJAVUR
    • TIRUVANNAMALAI
    • TIRUCHIRAPPALLI
    • CHIDAMBARAM
    • SIRKAZHI
    • PALANI
    • KANNIYAKUMARI
    • RAMESWARAM
  • CONNECT WITH US

TN coal import scam: TANGEDCO hits back, says NGO's allegations of corruption are false

1/28/2018

Comments

 
Arappor Iyakkam had announced that Tamil Nadu has faced a notional loss of over Rs 3,000 crore due to irregularities in the import of coal.
Picture
​In response to allegations by Chennai-based anti-corruption NGO Arappor Iyakkam about a coal scam, the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has released a statement. The corporation has denied irregularities to the tune of Rs 3,000 crore in the import of coal from Indonesia.

Arappor Iyakkam had held a press conference in Chennai on Thursday to announce that Tamil Nadu has faced a notional loss of over Rs 3,000 crore due to irregularities in the import of coal.
​
Documents presented by the NGO show that purchase orders mentioned the Gross Calorific Value of coal being imported as 6000 KCal/Kg. But the manner in which the Indonesian government measured the coal was different and the equivalent that was given only came up to a Gross Calorific Value of 5500 Kcal/Kg. In addition to this, shipping costs were allegedly overplayed by making it seem like the coal was coming from one or more intermediary agents based in a third country.
​
A statement from TANGEDCO’s Director of (Power) Generation claims that market indices for coal were available only for 5900, 5800 and 5000 GAR and not 5500 GAR. So the prices were apparently adjusted accordingly to the 5604 GAR (6000 ADB) requirement mentioned in the tender.

“It is evident that the allegation that TANGEDCO is procuring 6000 ADB at the price of 6000 GAR is totally false,” says the statement from TANGEDCO.
​
It further denied procuring lower grade coal at higher grade price.
​
“It is wrong to state that lower grade coal is procured at higher grade price, as stated in the news items. The prices finalised by TANGEDCO are compared with Platts index price, Argus index price and with prices finalised by other power utilities, after giving due weightage to ADB value or GAR value, as the case may be, total moisture, and sulphur parameters,” their statement reads.

TANGEDCO claims that tests conducted by the Central Power Research Institute on samples of the procured coal found it was “not of lower grade”.

They also do not elaborate how the price adjustment is carried out.
​
Arappor Iyakkam sees the statement as an admission of guilt by TANGEDCO.
​
In a tweet on Saturday night, its convener Jayaram Venkatesan said, “TANGEDCO by trying to rebut the scam have actually accepted it! They have accepted that its 5604 GAR which is exactly in between the 5500 kcal and 5700 kcal scenarios we considered.”
Comments

    follow  our  updates

    TECH TRENDS

    Categories

    All
    2.0
    Aarav
    Aarya
    ADMK
    Ai
    Aircel
    Ajith
    Akshay Kumar
    Allu Arjun
    Amala Paul
    Amazon Prime Video
    Amy Jackson
    Andrea
    Anirudh
    Anjaan
    Anushka
    Anushka Sharma
    Apple
    Arjun Reddy
    AR Murugadoss
    AR Rahman
    Aruvi
    Atlee
    Automotive
    Baahubali
    BCCI
    Bigg Boss
    Bigg Boss Tamil
    Bitcoin
    BJP
    Blockchain Technology
    Bollywood
    Box Office Collections
    Business News
    Cars
    Cauvery
    Chennai Buzz
    Chennai Metro
    Chennai Rains
    Chennai Super Kings
    Chennai Weather
    Chennai Weatherman
    Chennaiyin FC
    Cinema Buzz
    CMRL
    Cognizant
    Colors Tamil
    Cricket
    Cryptocurrency
    CSK
    Deals
    Deepika Padukone
    Dengue
    Dhanush
    Digital India
    Diwali
    DMK
    EPS
    Facebook
    Facts
    Fake News
    Farmers
    Feminism
    Football
    FSSAI
    Gautam Vasudev Menon
    Gautham Karthik
    Glam
    Google
    GST
    Hansika
    Harish Kalyan
    Harris Jayaraj
    Heli Taxi
    Hollywood Buzz
    ICC
    Imdb
    India Cricket
    India News
    Indian Politics
    Indian Railways
    International Buzz
    IPhone
    IPL
    ISL
    IT Raids
    Jai
    Jayalalithaa
    JIMIKKI KAMMAL
    Jr NTR
    Jyotika
    Kajal Aggarwal
    Kamal Haasan
    Karthi
    Kaththi
    Keerthy Suresh
    Kholi
    Kochadaiiyaan
    Kollywood Buzz
    Lifestyle
    Lingaa
    LTTE
    Lyca Productions
    MAANKARATE
    Maari 2
    Maaveerar Naal
    Madras High Court
    Mahesh Babu
    Mani Ratnam
    Mersal
    MK Stalin
    Modi
    Mollywood
    Movie Releases
    Nagarjuna
    National News
    Nayanthara
    Ola
    OPS
    Oviya
    Petrol
    PM
    Police
    Pollution
    Poojai
    Prabhas
    PrabhuDeva
    Prakash Raj
    Priya Prakash Varrier
    Raghava Lawrence
    Rajinikanth
    Rajini Mandram
    Ram Charan
    Rana Daggubati
    Reliance
    RK Nagar
    Sai Pallavi
    Samantha
    Sandalwood
    Sangamithra
    Santhanam
    Sasikala
    Sayyeshaa
    Shankar
    Shruti Haasan
    Simbu
    Sivakarthikeyan
    Sivakasi
    SJ Suryah
    Social Buzz
    Sports
    SS Rajamouli
    Sunny Leone
    Supreme Court
    Suriya
    Surya
    Tamil Eelam National Remembrance Day
    TamilNadu Police
    TamilNadu Weather
    TamilNadu Weatherman
    Tea Kaada Teenagers
    Tech Buzz
    Technology
    TedX
    Ticket Price
    TN Fishermen
    TN News
    TN Politics
    Tollywood
    Trending
    Trialers
    Trisha
    Trump
    TTV Dhinakaran
    Twitter
    Upcoming Movies
    Uthama Villian
    Vadivelu
    Vallavanukku Pullum Aayudham
    Veeram2
    Vijay
    Vijayakanth
    Vijay Antony
    Vijay Mallya
    Vijay Sethupathi
    Vijay Television
    Vikram
    Viral
    Virat Kholi
    Vishal
    Vishwaroopam 2
    Wikipedia
    Women Empowerment
    YouTube
    Yuvan Shankar Raja

    RSS Feed

Powered by Create your own unique website with customizable templates.