The case against Comrade P Vijayan is handiwork of certain elements in the state
and inconnivance with central agencies. It may be noted the said agreement was
signed as part of internationl treaty and every aspect has known to the CENTRAL
BANK OF REPUBLIC OF INDIA,Viz.,Reserve Bank of India.
The said report of thee Comptroller and Auditor
General of India is only an observation. It is learnt that personnel dealing with
query of Audit observation has not given sufficient reply in time. As you
are aware every international treaty, there is an aspect of Socail Cost
Benfit Analsis and it is not mandatory on the part of the Agency to
disburse the same. Besdies no law of the land mandates such inclusion in
the MoU/agreement. The CAG observes that in positive way but the PRES
AND SOME EMPLOYEES AND TRADE UNION LEADERS mis- spelt it another
An audit observation and remarks became final and if there NO REPLY IS
GIVEN TO THEM. It is NOT the duty of the Minister or political
leadership to give such query. It is the duty of the Audit wing and and not
the political leadership
.(i) Have CBI has enquired this aspect?
(ii) With the variation in exchange rate the repayment became far lower than
targeted one. The the KSEBoard has gained considerably on this
account. That is to say the effective cost (interest) gets reduced.
This aspect has not considered by the CAG and the Print and visual
media and is bling and dark to this accounting treatment.
The effective plantload factor of the Hydro stations is around 30%, in fact
Sabarigiri is an exception. The international data confirm this. THIS ASPECT
HAS NOT CONSIDERED BY THE CAG OR CBI.
CAG OR CBI IS not examined this techno-commercial angle, because
electricity system management one is niche one and a few now the real fact.
Capacity and water storage position and flow water is correlated if any one check
the data before and after the renovation, the renovation helps the System
Grid effectively. That is fully capacity of the Panniyar Chengulam
etc.run with optimum level reduced DEPENDANCE ON CENTRAL
SYSTEM IS REDUCED. This benefit has not accounted by the CAG..
This Demand Side management which is crucial to any power distribution entity
has not appreciated by any critique. The lay man is not aware of it including
the Trade Unions and employees of the said Board.
Why the Press and Media avoid original audit observation (audit
note--, manuscript).As per procedures if no reply is given, the fallacy and
wrong conclusion based on wrong presumption and bleak assumption became
final. The change of guard at Government taken place in the state of Kerala in
May, 2001 and why NO communication is sent to SNC by the officials of
the board from May 2001 to April 2006. WHY? WHY?
If a payment is received from abroad, it is routed to SPECIAL DRAWING
RIGHT(Balancing Figure in our National ACCOUNT) and Reserve Bank of India
transfer said money to Finance Ministry of the central government. They in turn
after collecting processing charges transferred said fund to Finance department
of Beneficiary State Again after collecting processing charge the fund transfer
credited to treasury account of the State entity(SEB) or their bank. WHY THE
PRESS HAS NOT BROUGH TO THE ATTENTION OF THE LAYMAN. I
presume 99.99 % of the bureaucrats and layman do not know this
procedure. Before targeting any person check the real known techno
F EBRU AR Y 8 , 2 00 9 3:36 AM