World Bank debars South Asian power transmission company

The World Bank debarred an Indian power transmission company Wednesday for a year and a day for fraud involving projects in the Democratic Republic of the Congo and Egypt. During the debarment, Gujarat-based Kalpataru Power Transmission Ltd. (KPTL) and 12 global subsidiaries are ineligible to participate in World Bank-financed projects. The $252.5 million World Bank-funded … Continue reading World Bank debars South Asian power transmission company