The failure of the Karnataka Renewable Energy Development Limited (KREDL) to properly implement the Solar Photovoltaic (SPV) Programme of the Union Ministry of Non-Conventional Energy Sources (MNES) for the years 2005 to 2007 has resulted in losses to the tune of crores of rupees.

Also, a probe into the implementation of the programme has revealed several irregularities in releasing money to suppliers, who had not participated in the tender process, the Comptroller and Auditor General (CAG) report has said.