Srinagar, Mar 31 (KNO): The Comptroller Auditor General (CAG) in its report observed that the two Public Service Units (PSUs) including Jammu and Kashmir Projects Corporation Limited (JKPCC) and Kashmir State Power Development Corporation Limited (KPDCL) have extended the sanctioned expenditure and approved costs, causing financial loss.
According to the report a copy of which lies with news agency—Kashmir News Observer (KNO), JKPCC did not restrict the work of construction of a bridge and allied works within the sanctioned cost, resulting in non-recovery of expenditure of Rs 1.88 crore incurred on the work.
The CAG said that Jammu and Kashmir Projects Construction Corporation Limited constructed a bridge over Darhali Nallah, Ujjhan (Rajouri) without ensuring the approval of revised cost offers and release of funds, which resulted in an expenditure of Rs 6.85 crore not being reimbursed.
The report said that despite clear instructions of the Project Authority to restrict the value of work to Rs 20.50 crore for construction of Niki Tawi bridge, the Jammu and Kashmir Projects Construction Corporation Limited exceeded the sanctioned cost, resulting in the short realisation of administrative overheads of Rs 1.64 crore.
The CAG said that the failure of the Jammu and Kashmir State Power Development Corporation Limited (JKPDCL) to execute work under Rajiv Gandhi Grameen Vidyutikaran Yojana as per the approved cost, led to the financial loss of Rs 1.92 crore, besides, non-receipt of Rs 4.67 crore from the rural electrification corporation since 2014-15. (KNO)