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Home News Power Sector News Karnataka - Fast track probe on power purchase during BJP regime

Karnataka - Fast track probe on power purchase during BJP regime

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KarnatakaThe Congress appears to be keen to fast track the probe into the alleged financial irregularities in purchase of power during the previous BJP regime — when Shobha Karandlaje was Energy Minister and B.S. Yeddyurappa the Chief Minister — which resulted in losses running into thousands of crores to the State exchequer.
This comes in the backdrop of the BJP recently alleging “the most blatant loot of State exchequer” in the action of Karnataka Power Corporation Ltd. in paying ₹337.76 crore of levy “on behalf” of a private mining company with which they had a joint venture.

The House Committee headed by Energy Minister D.K. Shivakumar is probing into a complaint from former Chief Minister H.D. Kumaraswamy about the purchase of power to the tune of ₹28,000 crore, allegedly violating norms during the BJP regime. Mr. Shivakumar has convened a meeting of the committee on October 30. Mr. Kumaraswamy has been asked to provide further details to substantiate his charges.
When asked about the House Committee’s outcome, Mr. Siddaramaiah on Tuesday said the government would decide future course of action based on the panel’s report. Speaking on the joint venture between KPCL and Kolkata-based EMTA, Mr. Shivakumar blamed the National Democratic Alliance government headed by Atal Bihari Vajpayee for KPCL’s MoU with Kolkata-based EMTA for a joint venture.
“The formation of EMTA joint venture was the brainchild of NDA government headed by Mr. Vajpayee; though Karnataka was only 26% partner in the joint venture,” he said, adding that KPCL had no alternative except to pay the levy, but would claim it once the case that is currently being heard is settled.


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