Delay in Srinagar-Leh power line project led to Rs 700 cr loss: CAG

The Comptroller and Auditor General (CAG), in a report tabled in Parliament on Tuesday, spoke about the delay and losses in implementing the Srinagar-Leh power transmission system, undertaken by Power Grid Corporation of India Limited.

The CAG said that due to the delay in commissioning of the Srinagar-Leh transmission system, the hydropower stations at Chutak and Nimmo Bazgo in Ladakh operated in isolation and could not be optimally utilised as per their designed capacity, and the generation had to be curtailed. This mismatch in commissioning of generation and transmission projects consequently resulted in a loss of 1,602 million units of electricity generation and undue financial burden of Rs 700 crore.