15 July, 2012

Pranab Mukherjee gifts away Rs. 60,000 crores of Indian taxpayers money to Reliance Power

Statement of Dr. Subramanian Swamy, President of the Janata Party.

Is Shri Pranab Mukherjee seeking to be India’s President or Reliance’s President. Some facts make it evident that to become the UPA’s candidate for President, Pranab Mukherjee had bartered huge windfall gain of over Rs.60,000 crores {see Annexure below} to Reliance Power to garner support for his Presidential bid from those U.P. politicians known to be very close to Anil Ambani.

Anil Ambani of Reliance Power used his personal influence thereby to grab millions of tons of coal, and divert it for illegal profiteering.

Reliance Power had won the Sasan UMPP Power Project based on Moher, Moher-Amlori Extn. & Chatrasal captive coal blocks to meet fuel requirements of Sasan UMPP. The Empowered Group of Ministers in 2008 used its discretionary powers to permit Reliance Power to divert incremental coal from captive coal blocks to its Chitrangi Power Project. It was blatant misuse of powers which was pointed out by CAG as a scam to the tune of Rs.16000 Crores. All relevant ministries had taken the stand for immediate withdrawal of earlier permission given to Reliance Power for use of surplus coal, and de-allocation of Chatrasal coal block.

But Mukherjee as Chairman of EGoM allowed diversion of surplus coal to Reliance Power’s Chitrangi project for support in ensuing Presidential election.

Accordingly Pranab Mukherjee bulldozed all participants of EGoM meeting held on 28th April 2012, using his powers as Chairman disregarding recommendations of relevant ministries.

For this Pranab Mukherjee obtained a flimsy opinion from a Senior Law Officer on the subject of diversion of “incremental” coal from captive coal blocks to Chitrangi power project on the premises that Article 39(b) of the Constitution required that the State shall in particular direct its policy towards securing that the ownership and control of the material resources of the community are so distributed as best to subserve the common good!! That Reliance’s uncommon good and profit.

Further, Chitrangi power project tariff is Rs.2.45/Kwh where as Sasan power project tariff is Rs. 1.19/Kwh. Reliance Power has not yet signed PPA with Govt. of Madhya Pradesh for supply of power from Chitrangi project leaving scope for profiteering at much higher tariff later. The MP CM has written a letter to Government protesting against this {see Annexure below}.

Already Mr. Mukherjee is under a cloud for fraud in the submission of forms for Presidential candidacy. Now more skeletons are tumbling out of his closet.



Coal blocks for infrastructure projects get GoM nod
Govt not to review decision allowing R-Power to divert surplus coal
CAG seeks power ministry response on RPower’s surplus coal use
Coal losses: How they’re dimming the wattage of India’s power industry
RPower asks CAG to drop charges of ‘undue benefit’
It's Tata vs Ambani over Sasan power project

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