Follow Us:
Sunday, February 28, 2021

Kerala scraps power deal with Korean firm

Kerala revoked the Kerala State Electricity Board’s (KSEB) deal with Korean firm Kepco Data Network.

Written by Shaju Philip | Thiruvananthapuram |
December 16, 2010 11:51:19 pm

Kerala on Wednesday revoked the Kerala State Electricity Board’s (KSEB) deal with Korean firm Kepco Data Network for a project to reduce transmission losses.The project was mired in controversy after allegations of corruption and violation of deal norms.CM V S Achuthanandan said the government had decided to cancel the deal and issue fresh tenders for the project that would cost Rs 240 crore in the first phase. The deal pertains to a central government scheme — Restructured Accelerated Power Development and Reforms Programme. The electricity board had inked the deal with the Korean company after bypassing two other lowest bidders.One of the conditions in the tender was that the successful bidder should use only free software for the project. But,after the deal was struck with Kepco,the rider on software was thrown to the wind. Also it was also found that the Korean firm had submitted a bank guarantee of Rs 3 crore in the name of an official who was not in the board. But instead of disqualifying the firm,the KSEB had allowed the transfer of the bank guarantee in the name of the chief engineer.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest News Archive News, download Indian Express App.