NTC: Rs 2.9 Million to Maintain an Empty Building

This building was never used and the NTC wanted to get rid of. She finally found a buyer in September for the sum of Rs 120 million. This is the Central Electricity Board which became the happy owner.

According to documents tabled in Parliament last week, since October 2010, Rs 676,297 has been spent on the security service building unused. For water supply, the Central Water Authority received Rs 25,639 and Rs CEB received 1,841,822 for electricity supply. From June 2009 to May 2010, the bill was Rs 4150 monthly. Then, in June 2010, she began to climb to a peak of Rs 33,587 in January 2011. Then took the amount downward trend to reach Rs 11,201 in September 2012.

Another document filed by the Ministry of Infrastructure and Transport related to loan Rs 70 million that the NTC has contracted with the State Bank of India. NTC has repaid its loan regularly since April 2010. At the end of December 2011, Rs 16.4 million had been returned to the bank. The building at Ebony cost Rs 106.6 million. It is the work that the contractor has claimed Rs 28 million more. The consultant has proposed a NTC arrangement around Rs 10 million. Anyway, by selling its building at Rs 120 million, the NTC has made very little profit.