CBI begins preliminary probe into Rs 9,000 cr hydro power project in J&K
The proposed 1,540 MW Kiru hydro power project is to be completed in two stages, with stage one costing Rs 4,948.26 crore and stage two Rs 4,287.59 crore.
The complaint being probed by the CBI alleged that the Chenab Valley Power Projects (CVPPL) allotted the project in grave violation of rules and guidelines, and was done under the influence of some top bureaucrats, top sources told IANS.
The CVPPL allotted the project for execution to a joint venture company and the allotment violated the central government’s guidelines, set out in Goland CVC guidelines, it was alleged in the complaint.
