CSE PRESS STATEMENT: Centre for Science and Environment (CSE) responds to the weak and unsubstantiated defence put forward by LANCO and NTPC Vidyut Vypar Nigam Limited to its investigation on the solar scam | Centre for Science and Environment
CSE PRESS STATEMENT: Centre for Science and Environment (CSE) responds to the weak and unsubstantiated defence put forward by LANCO and NTPC Vidyut Vypar Nigam Limited to its investigation on the solar scam
New Delhi, February 2, 2012
Blasts LANCO’s duplicity and NVVN’s non-transparent attitude
LANCO Infratech has issued a statement that it has “serious objections” to CSE’s allegations on how it has illegally cornered large parts of the projects under the National Solar Energy Mission.
Interestingly, LANCO has not denied the allegations. It has also accepted that it has 'supported' the bidders, and that it has “equity participation within the permissible level”. However, the fact that is missed is that CSE’s investigation has blown the cover on the nature of this “support”.
The support of LANCO to the seven companies goes beyond ‘equity’ participation. In fact, LANCO, through its employees and their children, has gained controlling interest in these companies. CSE’s investigations reveal that LANCO controls 99 per cent of the seven companies through compulsorily convertible preference shares -- in two companies, it actually controls all the shares through their employees or their relatives.
According to the guidelines issued by the Ministry of new and renewable energy (MNRE), the controlling shareholding of the company that has won the bid should not change for one year after commissioning of the project. But CSE’s fact-finding clearly shows that the companies have changed hands and are now fully (99 per cent) controlled by LANCO. This is a clear violation of the guidelines.
CSE is even more appalled with the response of NTPC Vidyut Vypar Nigam Limited (NVVN). NVVN was non-transparent and still remains non-transparent. Its response shows that it is preparing to do a major cover-up of the scam.
It has still not put any information about these companies in the public domain. It is indeed strange that even basic information like the addresses of companies that have been awarded projects, has not been made available. It is clear that the addresses remain unavailable because these companies either do not exist or have ceased to exist. This is also what was found by CSE researchers when they visited registered offices of the companies.
We demand that NVVM and the ministry (MNRE) put all information including who controls these companies, in public domain.
At the same time, we welcome the statement made by the Ministry of new and renewable energy to investigate this matter further. We hope this will really lead to a clean energy source with clean companies.
• For the report of the CSE investigation (carried by Down To Earth), our press release, and other related information, please visit www.cseindia.org
• For any more details, contact Souparno Banerjee at email@example.com / 9910864339.
Chandra Bhushan, Deputy Director General, CSE, explains the investigation of the solar scam
CSE Press Statement
[New Delhi, February 2, 2012]
Centre for Science and Environment (CSE) responds to the weak and unsubstantiated defence put forward by LANCO and NTPC Vidyut Vypar Nigam Limited to its investigation on the solar scam
Centre for Science and Environment (CSE), and Bhubaneswar Development Authority invites you to Regional Dialogue on Sustainable (‘green’) Building Bhubaneswar, December 13, 2013
Our aspiration for higher standards of living is accompanied by an ever-increasing gap between energy demand and supply. Plagued with the highest distribution and transmission losses in the world, buildings (domestic and commercial) in India consume an enormous 33 per cent energy.
Centre for Science and Environment and Environment Pollution Control Authority(EPCA) for National Capital Region
Invites you to
Conference: “Waste to resource: Addressing construction and demolition waste in cities”
December 23, 2013, New Delhi
Mega cities around the world generate about 1.3 billion tonnes of solid waste per year, and the Construction and Demotion(C&D) waste constitutes the largest volume of non-organic solid wastes, about half the solid waste generated worldwide.
What makes a city a city, apart from its people? Local architecture and building material, urban design, the mobility infrastructure all come together to make it conducive to 'good living'. What are the essentials then, which need to be taken care of while accommodating the modern demands of designing and retrofitting our urban space?