Adani deal under bribery scrutiny was approved against officials’ advice
3 months, 1 week ago

Adani deal under bribery scrutiny was approved against officials’ advice

Live Mint  

The approach from the Solar Energy Corporation of India on Sept. 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. But just a day after SECI approached the state government, the 26-member state cabinet led by Chief Minister YS Jagan Mohan Reddy gave the deal its preliminary approval, according to cabinet records seen by Reuters. The news agency spoke to a former state power regulator and an energy legal expert who said the 57 days between SECI's approach to the state government and regulatory approval from the Andhra Pradesh Electricity Regulatory Commission for the 7,000 megawatt deal was unusually fast, although timeframes for such deals can vary. U.S. prosecutors allege that $228 million was offered to an unnamed Andhra Pradesh official by the defendants to direct the state's electricity distribution companies to purchase the solar power supplied to SECI by Adani Green.

Energy Contract Treasury Solar Power State Officials Reddy Cabinet Deal Reuters Pradesh Adani Andhra Seci Srinivasa Reddy  approved  cabinet  adani  energy  advice  scrutiny  state  deal  andhra  solar  power  officials  contract  pradesh  bribery

History of this topic

US legal troubles for tycoon Adani expose shortcomings in India’s booming solar sector
2 weeks, 2 days ago

US legal troubles for tycoon Adani expose shortcomings in India’s booming solar sector

Associated Press  

BENGALURU, India — President Donald Trump’s decision to freeze a law banning business bribes overseas could offer Indian tycoon Gautam Adani, one of Asia’s richest people, a reprieve from American corruption allegations linked to a major solar project in India. Adani’s energy projects Solar panels are installed at an under-construction site of Adani Green Energy Limited’s Renewable Energy Park in …

US legal troubles for tycoon Adani expose shortcomings in India’s booming solar sector
Trending News
2 weeks, 2 days ago

US legal troubles for tycoon Adani expose shortcomings in India’s booming solar sector

New Indian Express  

BENGALURU, India: President Donald Trump’s decision to freeze a law banning business bribes overseas could offer Indian tycoon Gautam Adani, one of Asia’s richest people, a reprieve from American corruption allegations linked to a major solar project in India. US prosecutors allege that one of Adani’s companies duped investors by hiding that its project was backed by a $265 million …

Adani Group revives US investment plans: Reports
3 weeks, 4 days ago

Adani Group revives US investment plans: Reports

Live Mint  

India's Adani Group has revived plans for major infrastructure investments in the US, where the group's founder has been charged with bribery, the Financial Times reported on Sunday. Since the election of President Donald Trump, the conglomerate has reactivated potential plans to fund projects in sectors such as nuclear power and utilities, as well as an East Coast port, the …

Adani Group revives US investment plans amid ongoing bribery case: Report
3 weeks, 4 days ago

Adani Group revives US investment plans amid ongoing bribery case: Report

India Today  

The Adani Group has reportedly revived plans for big-ticket investments in the US, according to a report by the Financial Times newspaper on March 2. "With Trump’s arrival, we have reactivated some plans," one insider reportedly said, though they admitted that Adani could still be facing an “indefinite” legal battle. Another associate said, “We are clear about our intentions, but …

Adani Green Energy seeks to refinance $1.1 billion loan from PFC, others in rupee terms
1 month ago

Adani Green Energy seeks to refinance $1.1 billion loan from PFC, others in rupee terms

Live Mint  

Adani Green Energy Ltd., controlled by Indian billionaire Gautam Adani, is in talks with local lenders, including Power Finance Corp., to refinance as much as $1.1 billion worth of dollar debt in rupees, according to people who know the matter. The borrowing would be the firm’s biggest since the U.S. Department of Justice indicted Adani over an alleged bribery plot …

Consumers’ Forum demands cancellation of power purchase deals with Adani Green alleging corruption
1 month ago

Consumers’ Forum demands cancellation of power purchase deals with Adani Green alleging corruption

New Indian Express  

VIJAYAWADA: The Electricity Consumers’ United Forum has demanded the cancellation and public disclosure of Power Purchase Agreements signed with the Solar Energy Corporation of India Limited to procure 7,000 MW from Adani Green Energy during the previous YSRCP government. The forum criticised successive governments for signing 25-year contracts, preventing consumers from benefiting from falling solar and wind energy prices. It …

Publicise Adani PSA agreement, demands Electricity Consumers’ Association
1 month ago

Publicise Adani PSA agreement, demands Electricity Consumers’ Association

The Hindu  

The particulars of the Power Supply Agreement that the YSR Congress Party government entered into through Solar Energy Corporation of India for procurement of 7,000 MW of electricity from Adani Green Energy for a period of 25 years should be publicised, demanded members of the Electricity Consumers’ Association. Addressing the media in Vijayawada on Thursday, the members said that the …

US SEC seeks Indian govt’s help in $250 million Adani bribery probe
1 month, 1 week ago

US SEC seeks Indian govt’s help in $250 million Adani bribery probe

Live Mint  

Bengaluru: The Securities and Exchange Commission has sought the Indian government’s assistance in the US market regulator’s investigation of billionaire Gautam Adani, his nephew Sagar and their role in allegedly paying more than $250 million in bribes to Indian government officials between 2020 and 2024 to obtain lucrative solar-energy contracts. “Defendants are located in India, and the SEC’s efforts to …

US regulator seeks Law Ministry's help in Adani bribery case, shows court filing
1 month, 1 week ago

US regulator seeks Law Ministry's help in Adani bribery case, shows court filing

India Today  

The US Securities and Exchange Commission has requested the Law Ministry's assistance in its investigation into industrialist Gautam Adani and his nephew over alleged securities fraud and a USD 265 million bribery scheme, according to a court filing exclusively accessed by India Today. In November last year, US prosecutors charged Gautam Adani and others with paying USD 265 million in …

‘False and misleading’: Adani Group denies cancellation of Sri Lanka’s $440 million power purchase deal; Here’s why
2 months ago

‘False and misleading’: Adani Group denies cancellation of Sri Lanka’s $440 million power purchase deal; Here’s why

Live Mint  

The Adani Group denied the cancellation of its Sri Lanka power deal on Friday, January 24, dismissing the media reports as 'false and misleading'. The spokesperson of the ports-to-power conglomerate stated on Friday that Adani’s 484 MW wind power projects in Sri Lanka's Mannar and Pooneryn have not been cancelled, and the reports stating otherwise are “false and misleading”. Adani …

Adani Green Energy: Sri Lanka revokes power purchase deal
2 months ago

Adani Green Energy: Sri Lanka revokes power purchase deal

The Hindu  

Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy — for a proposed wind power plant in the island’s Northern Province — following corruption allegations, news agency AFP reported on Friday. When asked about the revocation of the power purchase agreement, a media spokesman of the Adani Group said: ”The Sri Lankan Cabinet’s decision of 2 …

CPI wants APERC to scrap agreements with Adani
2 months, 2 weeks ago

CPI wants APERC to scrap agreements with Adani

The Hindu  

The Communist Party of India on Wednesday expressed its objection to the true-up charges being levied on power consumers by the State Discoms. In a memorandum submitted to the AP Electricity Regulatory Authority, CPI state secretary K. Ramakrishna demanded that the APERC scrap the State’s agreement with the Adani Group through the Solar Energy Corporation of India. The U.S. Department …

‘What will US do if India refuses…’: Congressman warns Joe Biden over Gautam Adani bribery probe
Trending News
2 months, 2 weeks ago

‘What will US do if India refuses…’: Congressman warns Joe Biden over Gautam Adani bribery probe

Live Mint  

A United States Congressman has warned the ongoing Joe Biden administration of risking America's critical alliance with India over its decision to investigate the activities of Indian billionaire Gautam Adani. Terming it “selective”, the US lawmaker said such actions could risk damaging critical alliances with key partners such as India. In a letter to US Attorney General Merrick B Garland, …

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani
2 months, 2 weeks ago

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani

Op India  

A US Congressman has strongly opposed the outgoing Biden administration’s decision to investigate Indian business conglomerate Gautam Adani, stating that ‘selective prosecution’ over rumours abroad risks critical alliances with America’s key partners. Republican Congressman Lance Gooden penned a sharply worded letter to U.S. Attorney General Merrick B. Garland, criticizing the indictment of industrialist Gautam Adani and labelling it a “selective …

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe
2 months, 2 weeks ago

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe

Hindustan Times  

Republican lawmaker Lance Gooden has slammed the Joe Biden administration for investigating Indian billionaire Gautam Adani, warning it could strain key alliances. Lance Gooden, in a letter to US attorney general Merrick B Garland, questioned, “What will the US do if India refuses an extradition request?” The Congressman has sought answers on the justice department's ‘selective actions’ against foreign entities, …

Can’t cancel deal with Adani sans evidence: Naidu
2 months, 3 weeks ago

Can’t cancel deal with Adani sans evidence: Naidu

Hindustan Times  

Hyderabad: Andhra Pradesh chief minister N Chandrababu Naidu has said his government cannot unilaterally cancel solar power purchase agreements signed by the previous administration, despite a US federal bribery indictment against billionaire Gautam Adani and his company over allegations connected to the contract. Naidu cited legal complexities surrounding the 7,000-megawatt solar power contract signed with the Solar Energy Corporation of …

Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu
2 months, 3 weeks ago

Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu

Hindustan Times  

Amaravati, Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government cannot scrap power purchase agreements with the Solar Energy Corporation of India without obtaining solid proof of bribery allegations. Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu The Chief Minister’s comments assume significance in the backdrop of Adani being indicted by the …

Chandrababu Naidu says action only after 'concrete proof' in Adani case: Sources
2 months, 3 weeks ago

Chandrababu Naidu says action only after 'concrete proof' in Adani case: Sources

India Today  

Andhra Pradesh Chief Minister N Chandrababu Naidu has stressed that more proof was needed to take concrete action in connection with bribery allegations involving Adani Green Energy Ltd and the previous YS Jagan Mohan Reddy government, sources said. The allegations stem from court filings by the US Securities and Exchange Commission, which mentions an alleged meeting between Gautam Adani and …

Tamil Nadu cancels smart meter tender awarded to Adani Energy Solutions
Trending News
2 months, 3 weeks ago

Tamil Nadu cancels smart meter tender awarded to Adani Energy Solutions

Deccan Chronicle  

The Tamil Nadu Power Distribution Corporation has cancelled a global tender floated for procuring smart meters, citing the high cost quoted by Adani Energy Solutions Ltd.The tenders were floated as four packages in August 2023 for providing the smart meters under the central government's revamped distribution sector scheme.AESL, a BSE-listed firm was the lowest bidder for package 1 of the …

CPI urges CM Naidu to cancel 7000 MW SECI deal over alleged Adani bribery claims
3 months, 1 week ago

CPI urges CM Naidu to cancel 7000 MW SECI deal over alleged Adani bribery claims

New Indian Express  

VIJAYAWADA: CPI State secretary K Ramakrishna, along with assistant secretary M Nageswara Rao, met Chief Minister N Chandrababu Naidu on Thursday, and urged him to cancel the agreement for 7000 MW with Solar Energy Corporation of India. According to the press release issued by CPI, the Chief Minister had told the CPI leaders that the government would take a legal …

Bangladesh accuses Adani Power of breaching multi-billion-dollar energy deal: Report
3 months, 1 week ago

Bangladesh accuses Adani Power of breaching multi-billion-dollar energy deal: Report

Live Mint  

Bangladesh's interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Bangladesh's de facto power minister Muhammad Fouzul Kabir Khan told Reuters the country now had enough domestic capacity to cope without the Adani supply, …

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
3 months, 1 week ago

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

Deccan Chronicle  

Dhaka: Bangladesh's interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Bangladesh's de facto power minister Muhammad Fouzul Kabir Khan told Reuters the country now had enough domestic capacity to cope without the Adani …

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
3 months, 1 week ago

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

The Hindu  

Bangladesh’s interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Adani Group has called the U.S. allegations “baseless.” Tax Exemptions Adani Power’s Godda plant runs off imported coal and was built to serve Bangladesh. …

Amid payment dispute, Bangladesh seeks to reopen power deal with Adani using bribery charges: Report
3 months, 1 week ago

Amid payment dispute, Bangladesh seeks to reopen power deal with Adani using bribery charges: Report

Hindustan Times  

Bangladesh's interim government has reportedly raised concerns over a multi-billion-dollar agreement with Adani Power, accusing the Gautam Adani-led company of not passing on tax benefits related to a power plant critical to the deal, reports Reuters. Bangladesh has been facing delays in payments to Adani Power since the supply began in July 2023, and the two sides are in dispute …

State govt doesn’t have info on Adani’s TN visit: RTI reply
3 months, 1 week ago

State govt doesn’t have info on Adani’s TN visit: RTI reply

Hindustan Times  

The Tamil Nadu government on Wednesday said it does not have information regarding Adani Group’s founder- chairman Gautam Adani’s visit to Chennai in July in response to an RTI query regarding officials the industrialist in the city, people familiar with the matter said. A Chennai-based anti-corruption organisation, Arappor Iyakkam, had filed the RTI on December 10 addressed to the directorate …

Adani deal under bribery scrutiny was approved against officials’ advice
3 months, 1 week 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
3 months, 1 week 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 …

India's solar energy agency changes bidding policy after Adani bribery allegations, says source
3 months, 1 week ago

India's solar energy agency changes bidding policy after Adani bribery allegations, says source

The Hindu  

An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. SECI, which selects renewable energy producers for projects through bids and then signs deals with power buyers, said last month …

Court dismisses plea against Adani power contract, fines petitioner Rs 50,000
3 months, 1 week ago

Court dismisses plea against Adani power contract, fines petitioner Rs 50,000

India Today  

The Bombay High Court on Monday imposed a cost of Rs 50,000 on a petitioner challenging the contract awarded to Adani Transmission for the supply of renewable and thermal power electricity in Maharashtra. While imposing costs and dismissing the plea, the bench of Chief Justice DK Upadhyaya and Justice Amit Borkar observed that "the writ petition, in our opinion, is …

Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu
3 months, 1 week 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 …

‘Did not meet Adani’: Stalin in TN assembly
3 months, 2 weeks ago

‘Did not meet Adani’: Stalin in TN assembly

Hindustan Times  

Chief Minister MK Stalin on Tuesday asserted that he did not meet Adani Group’s founder-chairman, Gautam Adani in Chennai. MK Stalin’s comments comes in the wake of the billionaire industrialist being indicted by a US court for bribery of Indian government officials in various states including Tamil Nadu “Adani did not come to meet me. He further said: “Electricity minister …

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director
3 months, 2 weeks ago

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director

India Today  

The United States Securities and Exchange Commission has approached a New York court with a formal request to consolidate the civil cases against Indian industrialist Gautam Adani and Azure Power's Cyril Cabanes. While Gautam Adani and his nephew Sagar Adani have not been directly charged with FCPA violations - a fact repeatedly emphasised by their legal counsel, including prominent lawyers …

CM Stalin did not meet Adani, opposition raising baseless allegations: Minister Balaji
3 months, 2 weeks ago

CM Stalin did not meet Adani, opposition raising baseless allegations: Minister Balaji

New Indian Express  

CHENNAI: Chief Minister MK Stalin did not meet with Adani Group chairman Gautam Adani, said Minister for Electricity V Senthil Balaji said on Friday in an attempt to put an end to allegations raised by opposition parties that the business tycoon met with the top brass of the DMK during a closely kept visit to Chennai in July. In a …

No deal signed with Adani, MK Stalin never met him: Tamil Nadu minister Balaji
3 months, 3 weeks ago

No deal signed with Adani, MK Stalin never met him: Tamil Nadu minister Balaji

India Today  

Tamil Nadu Electricity Minister V Senthil Balaji on Friday dismissed allegations that Chief Minister MK Stalin met industrialist Gautam Adani or that the DMK government signed any contract with the Adani Group. “There is no truth in claims that the Chief Minister met Adani or that any agreement was signed with the Adani Group during the DMK regime,” Balaji stated. …

Why it's a rocky road ahead for Adani Group
3 months, 3 weeks ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

India’s Adani says his group is committed to compliance after US bribery and fraud charges
3 months, 3 weeks ago

India’s Adani says his group is committed to compliance after US bribery and fraud charges

Associated Press  

NEW DELHI — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced. And every obstacle becomes a stepping stone for a more resilient Adani Group,” Adani said late Saturday at an …

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani
3 months, 3 weeks ago

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani

ABP News  

Gautam Adani, chairman of Adani Group, on Saturday highlighted the conglomerate's resilience amidst challenges, declaring that "every attack makes us stronger, every obstacle becomes a stepping stone for a more resilient Adani Group." The event, hosted by the Gem & Jewellery Export Promotion Council and attended by industry luminaries, also served as a platform to discuss strategies for overcoming challenges …

Adani U.S. indictment: What is the diplomatic impact? Watch Video
3 months, 3 weeks ago

Adani U.S. indictment: What is the diplomatic impact? Watch Video

The Hindu  

It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. The Adani group has denied the charges - 5 …

Adani indictment is a ‘legal matter’ between pvt entities and US:MEA
3 months, 3 weeks ago

Adani indictment is a ‘legal matter’ between pvt entities and US:MEA

Hindustan Times  

NEW DELHI: India on Friday said the indictment of Indian tycoon Gautam Adani by US prosecutors is a “legal matter” involving private entities and individuals and the US Department of Justice, and the Indian side has not yet received any official request for cooperation. The comments by external affairs ministry spokesperson Randhir Jaiswal were the first official response from New …

Adani Power: Former CM Jagan Reddy to serve defamation notices to media houses
3 months, 3 weeks ago

Adani Power: Former CM Jagan Reddy to serve defamation notices to media houses

Deccan Chronicle  

Vijayawada: Reacting to the alleged Andhra Pradesh link in the Gautam Adani matter and his statement that third parties like Adani were not involved in the deed, former Andhra Pradesh Chief Minister and YSRCP chief YS Jagan Mohan Reddy asked how he could be involved and said that it is originated with Solar Energy Corporation of India Limited. He further …

No request received from US on Adani case: MEA
Trending News
3 months, 3 weeks ago

No request received from US on Adani case: MEA

New Indian Express  

The Ministry of External Affairs has clarified that India has not received any prior communication from the United States regarding the legal proceedings involving the Adani Group and the US Department of Justice. "This is a legal matter involving private firms, individuals, and the US Department of Justice. According to the group, chairman Gautam Adani, his nephew Sagar Adani, and …

Adani ‘bribery’ case: Ex-Andhra CM Jagan Reddy refutes allegations, says ’somebody should be a fool to name me...’
3 months, 3 weeks ago

Adani ‘bribery’ case: Ex-Andhra CM Jagan Reddy refutes allegations, says ’somebody should be a fool to name me...’

Live Mint  

Former Chief Minister of Andra Pradesh YS Jagan Mohan Reddy on Thursday strongly refuted the allegations that the Adani Group paid bribes to state officials for solar power purchases during his party-led government, reported PTI on November 28. Earlier, after the controversy broke out over the allegations, Reddy said that he met the Adanis multiple times during his tenure as …

Both Houses adjourned for the day amid Oppn uproar
3 months, 3 weeks ago

Both Houses adjourned for the day amid Oppn uproar

Deccan Chronicle  

Both houses of the parliament were suspended temporarily on Thursday within minutes of opening as opposition lawmakers disrupted proceedings for the third day this week seeking a discussion on allegations against the Adani Group.U.S. authorities have accused Gautam Adani, his nephew Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay …

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms
3 months, 3 weeks ago

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms

Associated Press  

NEW DELHI — India’s Parliament was disrupted for a third day Thursday by opposition parties protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes. In the absence of a statement by the Indian government, Amit Malviya, the governing Bharatiya Janata Party’s IT head, …

Adani allegations shine spotlight on India’s clean energy conundrum
3 months, 3 weeks ago

Adani allegations shine spotlight on India’s clean energy conundrum

The Hindu  

Published : Nov 28, 2024 11:22 IST - 4 MINS READ Bribery allegations against the Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in finding buyers for the power they generate. The challenges were stark in the case of Adani Green, India’s largest renewable energy company, which took over three years to strike …

APCC chief YS Sharmila Reddy demands probe into Adani deal
3 months, 3 weeks ago

APCC chief YS Sharmila Reddy demands probe into Adani deal

New Indian Express  

VIJAYAWADA: APCC chief YS Sharmila Reddy on Wednesday complained to Governor S Abdul Nazeer against former Chief Minister YS Jagan Mohan Reddy and Adani Group, and sought an in-depth probe into the bribery allegations pertaining to the Power Purchase Agreement. Later speaking to mediapersons, the APCC chief said the deal with Adani Group would hurt the State for the next …

Pawan Kalyan vows scrutiny of Jagan era allegations, Adani power deal in cabinet
3 months, 3 weeks ago

Pawan Kalyan vows scrutiny of Jagan era allegations, Adani power deal in cabinet

India Today  

In an exclusive interview with IndiaToday, Andhra Pradesh Deputy Chief Minister Pawan Kalyan addressed allegations against the previous government led by YS Jagan Mohan Reddy and shed light on the controversial power deal with the Adani Group. On the power deal between the Adani Group and the state, Kalyan stated that the terms and conditions would be reviewed to ensure …

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal
Trending News
3 months, 3 weeks 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 …

Andhra Pradesh extends power supply deadline for Adani Green Energy
3 months, 3 weeks 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 …

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