error while installing window service System.Security.SecurityException

I created a window service and to install it I created its deployment project and installed that. After installing I stared it. It successfully started.

Next day I made some modification, and rebuild and reinstalled but now its not installing.

Then I thought its issue with installer, lets create a custom installer for service so that anytime I can update my code.

I created it like this incase if anyone need this for future.

public class MyInstaller : Installer
    {
        ServiceProcessInstaller spi;
        ServiceInstaller si;
        public MyInstaller()
        {            
            spi = new ServiceProcessInstaller();
            spi.Account = ServiceAccount.LocalSystem;

            si = new ServiceInstaller();
            si.StartType = ServiceStartMode.Manual;
            si.ServiceName = "MyService";
            si.DisplayName = "My Service";
            si.Description = "service installed from command line";

            this.Installers.Add(spi);
            this.Installers.Add(si);

        }
}

I called it from main method by check the parameter args.

                            case "-i":
                            case "-install":
                                ti = new TransactedInstaller();
                                mi = new MyInstaller();
                                ti.Installers.Add(mi);
                                string logPath = Path.GetDirectoryName(System.Reflection.Assembly.GetExecutingAssembly().Location) + "\\install.log";
                                ctx = new InstallContext(logPath, cmdline);
                                ti.Context = ctx; //.Context ( ctx );
                                ti.Install(new Hashtable());
                                break;

Now when I am trying to install. I recevied error System.Security.SecurityException: The source was not found, but some or all event logs could not be search