The SNC Lavalin scandal is financial scam related to the contracting of the Indian government with a Canadian company, SNC-Lavalin which resulted in an alleged net loss to the exchequer of 374.50 crore in the renovation and modernization works of the hydro electric power stations at Pallivasal (37.5 mW), Sengulam (48 mW) and Panniar (30 mW) - also known as PSP project in short - installed between 1940 and 1964 at Idukki district in Kerala state of India. Several politicians were involved and eventually charged, including former ministers G. Karthikeyan of Indian National Congress, Pinarayi Vijayan.the first Politburo member in the CPI(M) history to be prosecuted in a corruption case.
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... On 6 May 2009, the Cabinet opined that it was not necessary to grant permission to prosecute Pinarayi Vijayan ... On 31 August 2011, the Supreme Court of India issued notices to Government of Kerala and the CBI, on a petition filed by Pinarayi Vjayan, challenging the then Kerala Governor, R.S ...
... The initial negotiations with the Canadian company SNC-Lavalin - a company which had been present in the state's power sector for several decades - began during ... a memorandum of understanding (MoU) with SNC-Lavalin on 10 August 1995, when G ... the funds for the renovation were to be arranged by SNC Lavalin from the Export Development Canada (EDC), Canada, and the Canadian International Development ...
2011 licensed this technology to Candu Energy (a wholly owned subsidiary of SNC-Lavalin) ... years) were reasons for the divestment though SNC-Lavalin expects to reverse that trend by focusing on new generation reactors ... SNC-Lavalin Nuclear Inc, SNC's nuclear subsidiary is already part of Team CANDU, a group of five companies that manufacture and refurbish the CANDU reactors ...
... The SNC Lavalin controversy in Kerala is a major allegation that rocked Kerala politics ... deal Vijayan had struck as electricity minister in 1998 with Lavalin, a Canadian firm, for the repair of three generators, was a huge fraud and had cost ... The original contract with SNC Lavalin was signed by previous congress government, and successive congress government did not renew the contract with ...
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