Delay in decision over construction of Srinagar-Leh transmission line causes generation loss of 1602.64 MUs: CAG

JAMMU, Nov. 6 -- KT NEWS SERVICE

Srinagar, Nov 05 The Comptroller and Auditor General of India has slammed the authorities over delay in taking decision for construction of Srinagar-Leh transmission line, saying it not only led to huge cost escalation but also caused a generation loss of 1,602.64 MUs and an extra expenditure of Rs 700.25 crore due to billing of deemed generation to Power Development Department.

The CAG has revealed that delay in taking decision over construction of the transmission line caused huge financial losses.

"Due to delay in taking decision for construction of the line, not only huge cost escalation had occurred but there was also a generation loss of 1,602.64 MUs and an extra expenditure of Rs 700. 25 crore due ...