"Accounts": 2 billion pounds wasted by the Middle Delta Company for the production of electricity

A recent report by the Central Auditing Agency revealed a waste of public money in the Middle Delta Electricity Production Company (Talkha sector) of more than 2 billion pounds, and the disbursement of bonuses and incentives for top management exceeded one million pounds within 5 months only. The report issued on March 9, 2016 on reviewing the business and accounts of the Central Delta Electricity Production Company (Talkha Sector) during the fiscal year 2015/2016 showed that the company's funds were wasted in the form of unused spare parts, and the purchase of land in amounts more than 20 times its value, and the difference was not paid. Energy subsidies in the amount of 1.96 billion pounds to the Ministry of Finance since 2005. The debit balance showed an amount of 1968 million pounds, representing support for price differences on withdrawals of petroleum products, which have not been approved since 2005, including an amount of 1145 million pounds in the lake sector, and 823 million pounds in the sector. Talkha. The agency recommended the necessity of conformity with the Ministry of Finance regarding support for price differences on petroleum product withdrawals during the fiscal year 2015/2016.

The report revealed that the company had purchased an area of 1603 meters by about 4 million pounds next to the purchased land, to establish a generating station in Dairout in Beheira, which amounts to 64 feddans, and it was found that the purchased area is built on a poultry farm, and the price per square meter of this area is 21 times the price per square meter in the purchased area. The company purchased 3 acres from the Endowment Authority in 2008/2009 and its registration was not completed until the date of the examination despite the full payment of 6 million pounds, in contravention of the second clause of the contract, as it became clear after the purchase of the land in full that there were 17 carats of it registered in the name of the company Victory for refilling Coca-Cola bottles. The report of the agency confirmed the existence of idle and unused energies of the company represented in apartments and villas in residential colonies for engineers, cars, means of transportation, furniture, and equipment at the training center. The amount that could be counted was about 14.5 million pounds on 30/6/2015, and the company did not take any measures to exploit these The idle energies, as well as the employees and engineers of the company encroached on the settlement housing for the workers in violation of clause 8 of the company's housing regulation, and the company did not take any action to remove these violations despite the issuance of decisions to remove them, and the attackers were able to connect water and electricity without installing water meters or lighting despite the issuance of rulings A number of them were fined.

The report revealed that the company continues to dispense incentives to the top management of the company without any support from the law or instructions, controls and rules governing the disbursement process. As much as possible, during the period from 7/1/2015 to 11/30/2015, amounted to about one million and 159 thousand pounds despite the presence of previous observations. The agency has these rewards, as they are disbursed to the higher management on the comprehensive wage and not on the basic wage like the rest of the company’s employees, and the amounts owed to the working and non-working members of the Board of Directors are paid (attendance allowances) without deducting income taxes in violation of the law, in addition to not being tight Internal control over the disbursement of the board of directors' allowances, which led to double spending for the same session. Al-Masry Al-Youm

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