State-run Power Grid Corporation did not recover Rs 6,853.43 crore from customers for relinquishing long-term access to transmission network which resulted in higher electricity tariff, a CAG report has flagged.
The Comptroller and Auditor General (CAG) audit report on planning and implementation of transmission projects by Power Grid Corporation of India Ltd (PGCIL) was presented in Parliament on Friday.
The performance audit was taken up to assess the effectiveness of planning and implementation of transmission projects executed by the PGCIL during the 12th Plan (2012-2017).
As per the CERC (Central Electricity Regulatory Commission) Regulations, a long-term customer may relinquish long-term access (LTA) rights fully or partly before the expiry of the full term of LTA by making payment of compensation for stranded (power transmission) capacity.
