The Nuclear Power Corporation of India Ltd., which had agreed to build a major component of the Russian-make Kudankulam Nuclear Power Plant on its own to save cost, ended up spending Rs 706 crore more, a CAG report has said. According to the report, the cost of Russian scope in building the plant was nearly $1,600 million during initial negotiations between the NPCIL and Russia’s Atomstroyexport. The NSSS and TG form the core of a nuclear power plant. A CAG audit found that NPCIL incurred expenditure of Rs 1,012.37 crore towards erection and commissioning of NSSS and TG, as against the Rs 305.50 crore previously estimated. “Thus, the NPCIL incurred an extra amount of Rs 706.87 crore as it did not conduct a cost-benefit analysis before agreeing to the shifting of scope,” the report said.

Source: Hindustan Times December 27, 2017 15:33 UTC