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Lanco Infra: Govt Awaits Report on Bidding Fraud

  • Union Minister for New and Renewable Energy, Dr Farooq Abdullah, On Wednesday said the government was yet to receive the probe report into the alleged Lanco-NTPC bidding fraud in which rules were reportedly flouted in bagging projects under the National Solar Mission.“The inquiry is already going on. That (the report) hasn’t come yet. We have given one month for it. They are looking into it,” he said on the sidelines of a conference here.

  • The government had ordered an inquiry on February one into allegations by a research and advocacy group- Centre for Science and Environment (CSE) - that rules were flouted in granting the project.“Investigations have revealed that these guidelines were blatantly flouted by Lanco Infratech. This company floated front companies and grabbed no less than nine projects worth 235 MW” the CSE report had alleged.The charge, however, has been refuted by the diversified group. NTPC Vidyut Vyapar Nigam Ltd (NVVN), a unit of state-run NTPC Ltd, is the nodal agency for awarding projects.

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