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Probe into coal purchases by Genco: YSRCP

Posted on Jan 30, 10:39AM | UNI

Hyderabad, Jan 29 : Demanding a judicial inquiry into the coal purchases by GENCO at inflated prices, YSR Congress party today said it will picket the State Electricity Regulatory Commission (APERC) office, if it gives nod to the proposal to hike power charges

Talking to reporters here, party spokesperson Janak Prasad said, "The Government which has imposed surcharges should also recover the additional amount Genco has paid to merchant power plants and order an inquiry into the coal purchases to probe the kickbacks." "With so many shortcomings on its part, the state government has been collecting surcharge and arrears burdening the customers to a tune of Rs 32,000 crore

Instead, it should recover the additional cost it has paid to merchant power plants like GMR and Lanco. These units sold power at Rs 5.20 per unit without any agreement. The second anomaly is the purchase of coal at inflated rates. We demand a judicial inquiry into the entire purchases made by Genco as there are many irregularities and kickbacks in the dealings," he said

The state had also sent a proposal to increase the power tariff to the APERC, he said, adding though it was an autonomous body it had been functioning under the direct supervision of the State Government

"We will picket the APERC office, if it gives nod for proposal to hike tariff from the next financial year," he said

The Centre had no value for the self respect of the people of the State and has placed the state in a peculiar position on Telangana issue, he said, adding the government had no accountability