News Muncher - category seci

5 days, 21 hours ago

Adani deal under bribery scrutiny was approved against officials’ advice

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 …

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6 days, 5 hours ago

Reliance Power arm bags letter of award from SECI for Solar 930 MW, 465 MW/1860 MWh BESS projects

The Hindu

Reliance Power Limited said its subsidiary Reliance NU Suntech Private Limited has received the Letter of Award from Solar Energy Corporation of India for its proposed Solar 930 MW and 465 MW/1860 MWh Battery Energy Storage System projects. “The project will see the largest deployment of grid storage batteries at a single site, not only in India but also in …

Power Solar Seci Reliance Nu Suntech Projects Reliance Project Bess Reliance Nu

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 …

Power Treasury State According Reddy Deal Reuters

1 week ago

Data dive: Dark clouds hover over India’s solar story

Live Mint

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

India Energy Power Solar Solar Power Capacity Discoms

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 …

State Seci Secretary Writes

1 week, 4 days ago

Anil Ambani-owned Reliance Power share price hits 5% upper circuit after subsidiary wins 930 MW order from SECI

Live Mint

Reliance Power share price was locked in at 5% upper circuit at ₹46.24 apiece on Thursday after the company said its subsidiary bagged an order from Solar Energy Corporation of India. Reliance NU Suntech, a subsidiary of Reliance Power, won a 930 MW solar energy contract with battery energy storage system project from the SECI in an e-reverse auction held …

India Energy Power Solar Share Price Reliance Reliance Power

2 weeks ago

Anil Ambani-owned Reliance Power share price jumps over 3%. Here’s why

Live Mint

Reliance Power share price rallied over 3% on Monday after the Anil Ambani-owned company announced settling of loan default by its subsidiary Samalkot Power. In another development last week, the Solar Energy Corporation of India withdrew its order barring Reliance Power from renewable energy tenders. However, on December 3, Reliance Power informed that the Solar Energy Corporation of India withdrew …

Energy Company Bse Reliance Power Its Subsidiary Power Share Reliance Nu Bess

2 weeks, 5 days ago

Explained: Why Reliance Power share price hit upper circuit today

India Today

Shares of Reliance Power surged 5% to hit the upper circuit at Rs 41.09 on Wednesday, following the withdrawal of a debarment notice by the Solar Energy Corporation of India. In a December 3 exchange filing, Reliance Power announced that SECI had revoked its debarment notice, allowing the company and its subsidiaries—excluding Reliance NU BESS —to participate in SECI’s tenders. …

Reliance Reliance Power Seci Power Share

2 weeks, 5 days 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 …

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Solar Energy Corp withdraws debarment order against Reliance Power

Live Mint

New Delhi: The Solar Energy Corporation of India has withdrawn its order barring Reliance Power from renewable energy tenders. On 6 November, Seci had barred Reliance Power and its subsidiary Reliance NU BESS from participating in tenders floated by the state-run entity for three years over alleged submission of fake documents by the companies. In September, Reliance Power successfully secured …

Energy Power Reliance Reliance Power Bess Seci Debarment

3 weeks, 2 days ago

The Adani-Modi Nexus Faces Its Greatest Test

The Hindu

Published : Nov 30, 2024 18:52 IST - 15 MINS READ To contend that the indictment of Gautam Adani, his nephew, and their associates, in the United States has dealt a blow to the ambitions of one of India’s, and the world’s, richest men, would be an understatement. The 30,000-word report of the New York-based short-selling firm Hindenburg Research published …

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3 weeks, 2 days ago

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media

India TV News

Former Andhra Pradesh Chief Minister and YSR Congress Party president YS Jagan Mohan Reddy has strongly denied any involvement in the ongoing controversy surrounding the Adani Group, following allegations of a bribery scheme linked to the company. Reddy emphasised that the issue began with SECI’s letter to the Andhra Pradesh government offering the cheapest power procurement deal in the state’s …

State Reddy Group Adani Seci

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 …

Media Power State Ysrcp Ppa Seci

3 weeks, 4 days 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 …

India Energy Supply Power Projects Renewable Adani

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 …

Power State Reddy Rate Naidu Seci

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 …

India Supply Renewable Energy Green Company Solar Power Sec

3 weeks, 5 days ago

‘Adani power deal under scrutiny’: Andhra official

Hindustan Times

The Andhra Pradesh government is examining whether the state can cancel a contract with the Solar Energy Corp of India following allegations by prosecutors in New York that the Adani Group paid around $265 million in bribes to officials in several Indian states to secure renewable energy contracts. The allegation is that SECI entered into an agreement with the Adani …

State Adani Andhra Seci Power Deal

3 weeks, 6 days ago

Delhi High Court stays Seci order barring Reliance Power from renewable energy bids

Live Mint

New Delhi: The Delhi High Court has granted a stay on Solar Energy Corporation of India's notice of debarment against Reliance Power and its subsidiaries except for Reliance NU BESS, formerly known as Maharashtra Energy Generation Limited. Reliance Power said in a regulatory filing that it had challenged Seci’s notice of debarment in the Delhi High Court. In September, Reliance …

Energy High Court Delhi High Court Power Reliance Reliance Power Seci Tenders

3 weeks, 6 days ago

Stalin attacks PMK founder, dismisses Adani link claims

Hindustan Times

Tamil Nadu chief minister MK Stalin on Monday hit out at S Ramadoss, founder of the Pattali Makkal Katchi, an ally in the NDA, over the latter’s allegation that the DMK chief and industrialist Gautam Adani held a secret meeting in Chennai at the CM’s residence. Tamil Nadu Chief Minister MK Stalin claimed Ramadoss keeps issuing such statements “as he …

India Tamil Nadu Solar Power Minister Chief Stalin Nda

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: …

Energy Jagan Agreement Cabinet Ysrcp Jagan Mohan Reddy Jagan Reddy

4 weeks ago

Jagan Reddy's party defend SECI deal, dismisses Adani link allegations as baseless

India Today

Former minister Kakani Govardhan Reddy defended the YSR Congress party government’s power purchase policies, asserting that all transactions were conducted transparently with the Solar Energy Corporation of India, a central government entity, and not with the Adani Group as alleged by opposition parties. Speaking to the media, Reddy stated that the YS Jagan Mohan Reddy-led government had purchased power at …

Power Reddy Balineni Seci

4 weeks ago

Chevireddy criticizes Balineni for remarks against Jagan

Deccan Chronicle

Kurnool: YSRC leader Chevireddy Bhaskar Reddy criticised former minister Balineni Srinivas Reddy on Sunday, describing his remarks as baseless and intended to please specific interests. Jagan Mohan Reddy government’s achievement in reducing power purchase costs from ₹4.50 per unit during Chandrababu Naidu’s tenure to ₹2.45 per unit—a 50 per cent reduction. Refuting Balineni’s claims of being uninvolved in the SECI …

Jagan Reddy Jagan Mohan Reddy Balineni Chevireddy Seci

1 month ago

Why SECI struggles to find buyers for its renewable energy tenders

Live Mint

The Solar Energy Corp. of India plays a key role in India's renewable energy push by acting as a central intermediary between private power producers and state power distribution companies. The indictment says Adani executives paid bribes to secure agreements with discoms to buy solar power from Seci, in a bid that Adani Green had won in a 2019 tender. …

India Energy Supply Renewable Energy Power Demand Renewable

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 …

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Articles for Seci

Adani deal under bribery scrutiny was approved against officials’ advice

Reliance Power arm bags letter of award from SECI for Solar 930 MW, 465 MW/1860 MWh BESS projects

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

Data dive: Dark clouds hover over India’s solar story

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

Anil Ambani-owned Reliance Power share price hits 5% upper circuit after subsidiary wins 930 MW order from SECI

Anil Ambani-owned Reliance Power share price jumps over 3%. Here’s why

Explained: Why Reliance Power share price hit upper circuit today

Why it's a rocky road ahead for Adani Group

Solar Energy Corp withdraws debarment order against Reliance Power

The Adani-Modi Nexus Faces Its Greatest Test

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media

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

Adani allegations shine spotlight on India’s clean energy conundrum

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

Andhra Pradesh extends power supply deadline for Adani Green Energy

‘Adani power deal under scrutiny’: Andhra official

Delhi High Court stays Seci order barring Reliance Power from renewable energy bids

Stalin attacks PMK founder, dismisses Adani link claims

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

Jagan Reddy's party defend SECI deal, dismisses Adani link allegations as baseless

Chevireddy criticizes Balineni for remarks against Jagan

Why SECI struggles to find buyers for its renewable energy tenders

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