SOLAR SCAM
Govt of India has targetted capacity of 20000 MW of grid connected solar power by 2022 under Jawaharlal Nehru National Solar Mission (JNNSM).
1000 MW is to be achieved by 2013. The Ministry of New and Renewable Energy (MNRE) set the rules for the distribution of projects and used reverse bidding to reduce tariff. Buying and selling of the solar power are to be handled by public sector undertaking NTPC under thr Ministry of Power. The first batch of 470 MW of solar thermal and 150 MW of solar photovoltaic (PV) was auctioned in Nov 2010. The second batch was auctioned in Dec 2011. The remaining quota was filled by migrating solar PV and solar thermal projects that existed before the mission.
Like the big telecom players in the 2 G scam, a company called LANCO INFRATECH set up front companies that bid for solar power projects under JNNSM. When the Govt has adopted a policy of one project per proponent under the mission to encourage competition, Lanco managed to get nine(9) that is 235 MW that is almost a quarter of the total of 1000 MW.
The MNRE and NTPC could surely have checked this!
Who are the other beneficiaries?
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