Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu
1 week, 1 day ago

Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu

New Indian Express  

VIJAYAWADA: CPI State secretary K Ramakrishna on Saturday wrote a letter to Chief Minister N Chandrababu Naidu, urging him to find ways to cancel the agreement for 7000 MW with Solar Energy Corporation of India. In the letter, he stated that when it was crystal clear from the reports of intelligence agencies in the USA that Adani Group bribed former Chief Minister YS Jagan Mohan Reddy with Rs 1,750 crore for the energy agreement, and the latter accepted it, the government needs to take action to ensure transparency and justice to the people of the State. As solar energy is produced in Rajasthan for use in Andhra Pradesh, that State gets Rs 8,000 crore in tax revenue, but AP stands to lose due to the agreement, he pointed out. Ramakrishna said on behalf of the CPI, he filed a petition in the High Court, questioning the SECI agreement, and the present Finance Minister P Keshav too petitioned the court on the same subject.

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History of this topic

Adani deal under bribery scrutiny was approved against officials’ advice
5 days, 21 hours ago

Adani deal under bribery scrutiny was approved against officials’ advice

The Hindu  

The approach from the Solar Energy Corporation of India on September 15, 2021 came out of the blue. Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the State had no short-term need for solar power, and should focus on other renewables that could provide 24-hour energy. The news agency spoke to a former State power …

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny
6 days, 7 hours ago

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny

Deccan Chronicle  

The approach from the Solar Energy Corporation of India on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had …

Amarnath justifies PPA with SECI, says it envisages power supply at ‘lowest price’
3 weeks, 3 days ago

Amarnath justifies PPA with SECI, says it envisages power supply at ‘lowest price’

The Hindu  

YSRCP district president and former Minister Gudivada Amarnath has taken exception to the reports in a section of the media targeting party president and former Chief Minister Y.S. Addressing the media here on November 29, Mr. Amarnath said the Power Sale Agreement was between the SECI and the State government. The waiver would help save ₹1.10 lakh crore, Mr. Amarnath …

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal
Trending News
3 weeks, 4 days ago

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal

India Today  

Andhra Pradesh chief minister N. Chandrababu Naidu is in a dilemma about how the state should respond to the US Justice Department’s indictment of billionaire Gautam Adani in an alleged $250 million scam in India. At the centre of the allegations is a $200 million bribe linked to a 7,000 MW power purchase agreement —described as one of the largest …

Jagan Reddy defends SECI power deal, threatens legal action on media allegations
3 weeks, 4 days ago

Jagan Reddy defends SECI power deal, threatens legal action on media allegations

India Today  

YSR Congress Party president and former Chief Minister YS Jagan Mohan Reddy strongly defended the power sale agreement with the Solar Energy Corporation of India and dismissed the recent media allegations against him. While speaking in Tadepalli, Andhra Pradesh, on Thursday, he stated that the deal, which involves the purchase of power at Rs 2.49 per unit, was between the …

Andhra Pradesh extends power supply deadline for Adani Green Energy
3 weeks, 4 days ago

Andhra Pradesh extends power supply deadline for Adani Green Energy

Live Mint  

New Delhi: The Andhra Pradesh government has granted a second extension to Adani Green Energy Ltd for supplying renewable power after the company missed two earlier deadlines citing transmission unavailability, said three people aware of the development. To Mint's queries on the extension from the Andhra Pradesh government, a spokesperson for Adani Green said the scheduled completion date of the …

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP
3 weeks, 6 days ago

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP

India Today  

The Andhra Pradesh Congress Committee urged the immediate cancellation of a power purchase agreement signed with Adani Green Energy in 2021 during the YSRCP government led by former Chief Minister YS Jagan Mohan Reddy. The deal, according to APCC president YS Sharmila, imposes an estimated financial burden of Rs 1.5 lakh crore on the people of Andhra Pradesh over the …

Adani bribery case: Andhra minister says checking if power deals can be scrapped
3 weeks, 6 days ago

Adani bribery case: Andhra minister says checking if power deals can be scrapped

India Today  

Andhra Pradesh is reviewing government files to explore the possibility of scrapping a power supply contract linked to the Adani Group, Reuters reported. The development comes in the wake of a New York court indicting Adani Group chairperson Gautam Adani and seven others for promising USD 265 million in bribes to states, including Andhra Pradesh, to obtain contracts. Finance Minister …

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers
4 weeks ago

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers

India Today  

YSRCP leader Chevireddy Bhaskar Reddy slammed former Andhra Pradesh power minister Balineni Srinivas Reddy for his baseless comments against Jagan Mohan Reddy. BALINENI BLAMES JAGAN REDDY Balineni, who quit the YSRCP on September 18 and later joined the Jana Sena Party, recently accused party president and former chief minister YS Jagan Mohan Reddy of wrongdoing. Chavireddy made similar arguments, saying: …

Jagan Reddy embroiled in Adani bribery case: Timeline of meetings, power purchase
1 month ago

Jagan Reddy embroiled in Adani bribery case: Timeline of meetings, power purchase

India Today  

The United States Securities and Exchange Commission has alleged that Gautam Adani personally met with the then Chief Minister of Andhra Pradesh, Jagan Mohan Reddy, in August 2021, and discussed the matter of the power supply agreement and the `incentives” needed to make the state government enter into a deal for purchase of 7,000 MW of power. KEY ALLEGATIONS AND …

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani
1 month ago

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani

Firstpost  

SECI holds Navratna status, a designation granted by the Government of India to PSUs for exceptional performance. This gives SECI with greater financial and operational autonomy to make decisions, invest, and expand operations without extensive government approvals SECI is a Navratna PSU at the heart of the US indictment against Gautam Adani. Image sources: Pixabay/Wikimedia Commons The Solar Energy Corporation …

Will assess, act on alleged Jagan Reddy-Adani bribery link: Chandrababu Naidu
1 month ago

Will assess, act on alleged Jagan Reddy-Adani bribery link: Chandrababu Naidu

India Today  

Andhra Pradesh Chief Minister Chandrababu Naidu on Friday addressed the US allegations of bribery involving the Adani Group and the erstwhile YS Jagan Mohan Reddy regime, saying his government will "assess the situation" and take action based on the evidence. The allegations stem from court filings by the US Securities and Exchange Commission, which claim that industrialist Gautam Adani met …

Adani met Jagan Reddy in 2021, promised bribes, says US regulator
1 month ago

Adani met Jagan Reddy in 2021, promised bribes, says US regulator

India Today  

The United States Securities and Exchange Commission has alleged that Gautam Adani met then Andhra Pradesh Chief Minister Jagan Mohan Reddy in August 2021 to address the state's reluctance to sign an agreement with the government-run Solar Energy Corporation of India. However, Jagan Reddy's party, which was in power between 2019-2024, said its government had no "direct agreement" with the …

Jagan gave Andhra as 'blank cheque' to Adani, turning it into Adani Pradesh: YS Sharmila
1 month ago

Jagan gave Andhra as 'blank cheque' to Adani, turning it into Adani Pradesh: YS Sharmila

New Indian Express  

HYDERABAD: Andhra Pradesh Congress Committee president YS Sharmila on Friday accused her brother and former Chief Minister YS Jagan Mohan Reddy of giving the state as a "blank cheque" to the Adani Group and allegedly turning it into "Adani Pradesh". Sharmila's comments come in the wake of Adani Group chairman Gautam Adani being charged by the US Department of Justice …

YSRC: USSEC allegations incorrect, thousands of crore saved with SECI deal
1 month ago

YSRC: USSEC allegations incorrect, thousands of crore saved with SECI deal

New Indian Express  

VIJAYAWADA: YS Jagan Mohan Reddy’s YSR Congress Party has strongly condemned the allegations of USSEC in its Indictment saying that they are incorrect. The Power Sale Agreement was signed between two government agencies SECI and Discoms after the approvals from the AP Electricity Regulatory Commission and the Central Electricity Regulatory Commission and there was no direct agreement with Adani group. …

YSRC Denies Direct Agreement Between AP Discoms and Adani Group
1 month ago

YSRC Denies Direct Agreement Between AP Discoms and Adani Group

Deccan Chronicle  

Vijayawada: The YSRC has denied allegations of a direct agreement between Andhra Pradesh Discoms and the Adani Group following claims of bribery involving government officials to secure power, as reported in an indictment by the US Department of Justice. In a statement issued on Thursday, the YSRC clarified that it received an offer from the Solar Energy Corporation of India …

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ
1 month ago

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ

Deccan Chronicle  

Hyderabad:Tremors of the alleged bribery scam involving top industrialist Gautam Adani were felt in Andhra Pradesh with the previous Y.S. The US Department of Justice has disclosed that a high-ranking official in AP who served between May 2019 and June 2024 was offered “a corrupt payment of Rs 1,750 crore in exchange of the official causing distribution companies to agree …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
Trending News
1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. Gautam Adani and Jagan Mohan Reddy SECI is a public sector entity and arm of the Indian government responsible for implementing Centre schemes related to renewable energy, including funding large solar projects. According to …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. Gautam Adani and Jagan Mohan Reddy SECI is a public sector entity and arm of the Indian government responsible for implementing Centre schemes related to renewable energy, including funding large solar projects. According to …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. The meeting was about the fact that the southern state had not entered into a power supply agreement with the Solar Energy Corporation of India and the “incentives” needed to cause Andhra Pradesh to …

Gautam Adani Devised Bribery Scheme To Make Indian Govt Entity Buy Solar Power From His Company: US Dept Of Justice
1 month ago

Gautam Adani Devised Bribery Scheme To Make Indian Govt Entity Buy Solar Power From His Company: US Dept Of Justice

Live Law  

According to the charges filed by the United States Department of Justice in a U.S. court, Gautam Adani, along with others, orchestrated a million-dollar bribery scheme in the USA to bribe Indian government officials. Therefore, Gautam Adani, along with Adani company executives Sagar Adani & Vneet Jaain, and certain other officials of the US company, devised a scheme to bribe …

SECI, the central PSU at heart of Adani bribery allegations
1 month ago

SECI, the central PSU at heart of Adani bribery allegations

New Indian Express  

NEW DELHI: Solar Energy Corporation of India, the company at the heart of the Adani group bribery scandal in the US, is a central PSU ‘dedicated to the development and expansion of Renewable Energy capacity in India’. A US district court has found that Adani Green Energy had signed a Power Purchasing Agreement with SECI, under which the Adani Group …

US complaint says Adani met and promised Rs 1750 crore bribe to Jagan Mohan Reddy; YSRCP calls it 'incorrect'
1 month ago

US complaint says Adani met and promised Rs 1750 crore bribe to Jagan Mohan Reddy; YSRCP calls it 'incorrect'

New Indian Express  

‘Bribe prompted AP Discoms to purchase power from SECI’ "In August 2021, Gautam Adani met the Chief Minister of Andhra Pradesh about the fact that Andhra Pradesh had not entered into a Power Supply Agreement with SECI and the “incentives” needed to cause Andhra Pradesh to do so. At or in connection with that meeting, Gautam Adani paid or promised …

No business dealings with Adani Group, only SECI: Tamil Nadu power minister
1 month ago

No business dealings with Adani Group, only SECI: Tamil Nadu power minister

India Today  

Power minister Senthil Balaji clarified that for the past three years, there was no business relationship between DMK-led state government’s Tamil Nadu Electricity Board and the Adani Group. According to Balaji, Tamil Nadu signed a power agreement only with the Solar Energy Corporation of India Limited, which is a central government entity. Speaking to reporters in Karur, Balaji stated: “Keeping …

Power sector suffered during YSRCP term in Andhra Pradesh, says Union Minister Pemmasani Chandra Sekhar
1 month, 2 weeks ago

Power sector suffered during YSRCP term in Andhra Pradesh, says Union Minister Pemmasani Chandra Sekhar

The Hindu  

Chief Minister N. Chandrababu Naidu had ushered in reforms in the power sector keeping in view the rising demand and did not increase the tariffs during his term between 2014 and 2019, Union Minister of State for Rural Development and Communications Pemmasani Chandra Sekhar said on November 7, 2024. Addressing a public meeting at Thallayapalem in Amaravati on the occasion …

Losses in power sector under YSRCP: Naidu
5 months, 1 week ago

Losses in power sector under YSRCP: Naidu

Hindustan Times  

Andhra Pradesh chief minister N Chandrababu Naidu on Tuesday alleged that the previous YSR Congress party government had imposed a tariff burden of ₹32,166 crore on the power consumers of the state, besides pushing the state power distribution companies into a debt of ₹49,596 crore in the last five years. Chandrababu Naidu target before the present government is to revive, …

Ravi Kumar takes charge as Energy Minister, sanctions 40,336 farm pump connections
6 months ago

Ravi Kumar takes charge as Energy Minister, sanctions 40,336 farm pump connections

The Hindu  

Gottipati Ravi Kumar took charge as the Minister for Energy at the Secretariat in Amaravati on June 22. Soon after, he signed files related to the sanction of new electricity connections for 40,336 agricultural pumps, and the constitution of a committee to look into compliance with the Central government’s instruction to list out all government buildings/complexes under the State government …

Andhra Pradesh CM Jagan lays stone for solar projects, power substations worth ₹6,600 crore
1 year ago

Andhra Pradesh CM Jagan lays stone for solar projects, power substations worth ₹6,600 crore

The Hindu  

Andhra Pradesh Chief Minister Y.S. He also laid the foundation stone for a 750 MW solar power project in Kadapa and a 100 MW solar power project in Anantapur, all worth ₹6,600 crore. The new substations will also help address the issues pertaining to power supply,” said Mr. Jagan Mohan Reddy. Mr. Jagan Mohan Reddy inaugurated 12 sub-stations built with …

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