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New Delhi: The Solar Energy Corporation of India has withdrawn its order barring Reliance Power from renewable energy tenders.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 …

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 …

Renewable

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 …

Renewable Energy

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

Why SECI struggles to find buyers for its renewable energy tenders

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. …

The Biju Janata Dal on Friday issued a clarification regarding power purchase agreements in Odisha, and emphatically denied allegations that state government officials took bribes from the Adani group to supply renewable energy to the state from the central pool. In the written exposition, the BJD claimed that the power purchase agreement made three years ago was between two government …

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 …

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 …

Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid

Solar Energy Corporation of India Ltd, India's top renewable energy agency, has sent a notice to Reliance Power asking why it should not initiate criminal proceedings after a subsidiary of the Anil Ambani-led power producer submitted fake documents for a bid, reported the news agency Reuters citing a notice issued on Wednesday, November 13. Last week, the SECI banned Reliance …

[email protected] It may be noted that the Union Ministry of Power has increased the renewable power obligation for discoms from 15% in 2023-24 to 29.91% in 2024-25. LUCKNOW: In line with its renewable power obligation to gradually increase the supply of renewable energy to consumers in the state, reaching 21,500 MW by 2031-32, UP Power Corporation Ltd will purchase 450 …

India will blacklist green energy developers who don’t complete renewable energy projects which was awarded to them within the prescribed time frame, along with encashing their bank guarantee, said two officials aware of the development. These are in accordance with the General Financial Rules of the Government and apply to all tenders/bids.” The government’s order comes at a time when …

The Solar Energy Corporation of India Limited, a public sector body under the Ministry of New & Renewable Energy, has issued the tender for setting up 500 MW/1000–MWh Standalone Battery Energy Storage Systems. The tender marks the first tranche of the government’s immediate target of setting up 4000 MWh of Battery Storage Capacity to inject more renewable energy in the …