CSE PRESS STATEMENT: Centre for Science and Environment (CSE) responds to the weak and unsubstantiated defence put forward by LANCO and NTPC Vidyut Vypar Nigam Limited to its investigation on the solar scam | Centre for Science and Environment

CSE PRESS STATEMENT: Centre for Science and Environment (CSE) responds to the weak and unsubstantiated defence put forward by LANCO and NTPC Vidyut Vypar Nigam Limited to its investigation on the solar scam

New Delhi, February 2, 2012

Blasts LANCO’s duplicity and NVVN’s non-transparent attitude

LANCO Infratech has issued a statement that it has “serious objections” to CSE’s allegations on how it has illegally cornered large parts of the projects under the National Solar Energy Mission.

Interestingly, LANCO has not denied the allegations. It has also accepted that it has 'supported' the bidders, and that it has “equity participation within the permissible level”. However, the fact that is missed is that CSE’s investigation has blown the cover on the nature of this “support”.

The support of LANCO to the seven companies goes beyond ‘equity’ participation. In fact, LANCO, through its employees and their children, has gained controlling interest in these companies. CSE’s investigations reveal that LANCO controls 99 per cent of the seven companies through compulsorily convertible preference shares -- in two companies, it actually controls all the shares through their employees or their relatives.

According to the guidelines issued by the Ministry of new and renewable energy (MNRE), the controlling shareholding of the company that has won the bid should not change for one year after commissioning of the project. But CSE’s fact-finding clearly shows that the companies have changed hands and are now fully (99 per cent) controlled by LANCO. This is a clear violation of the guidelines.

CSE is even more appalled with the response of NTPC Vidyut Vypar Nigam Limited (NVVN). NVVN was non-transparent and still remains non-transparent. Its response shows that it is preparing to do a major cover-up of the scam.

It has still not put any information about these companies in the public domain. It is indeed strange that even basic information like the addresses of companies that have been awarded projects, has not been made available. It is clear that the addresses remain unavailable because these companies either do not exist or have ceased to exist. This is also what was found by CSE researchers when they visited registered offices of the companies.

We demand that NVVM and the ministry (MNRE) put all information including who controls these companies, in public domain.

At the same time, we welcome the statement made by the Ministry of new and renewable energy to investigate this matter further. We hope this will really lead to a clean energy source with clean companies.

• For the report of the CSE investigation (carried by Down To Earth), our press release, and other related information, please visit www.cseindia.org
• For any more details, contact Souparno Banerjee at souparno@cseindia.org / 9910864339.


Post new comment

The content of this field is kept private and will not be shown publicly.
This question is for testing whether you are a human visitor and to prevent automated spam submissions.


  • Vapi a critically polluted industrial cluster in Gujarat listed by Comprehensive Environmental Pollution Index (CEPI) (Photo Credits - Sayantoni Palchoudhuri/ CSE)

  • New Delhi, India
    November 6-7, 2014

    Centre for Science and Environment (CSE), the New Delhi (India)-based research and advocacy organisation, invites applications from journalists to attend its Annual Media Briefing on Climate Change. The briefing will be held in New Delhi on November 6-7, 2014. It will bring together media people and experts from countries of the Global South to discuss and debate a range of contemporary issues covering the science, politics, negotiations and impacts of climate change.

    CSE has been conducting this annual media meet – but only for South Asian journalists -- since 2009. This year, the event has been opened up to journalists from other countries in Asia, Africa and Latin America.

    CSE will support the travel and accommodation of selected participants.

    • For any queries, please write to the following:

    Souparno Banerjee
    Email: souparno@cseindia.org


    Papia Samajdar
    Email: papia@cseindia.org

    Register here>>


    The Media Resource Centre

    Souparno Banerjee, programme director
    Email: souparno@cseindia.org

    Papia Samajdar, deputy programme manager
    Email: papia@cseindia.org

    Sheeba Madan, programme officer
    Email: sheeba@cseinda.org

    Aavika Dhanda, intern

Follow us on 

gobar times