New Delhi: Yuvajana Sramika Rythu (YSR) Congress Celebration or YSRCP on Friday clarified that there was no direct settlement between Andhra Pradesh (AP) distribution corporations (DISCOMs) and Adani group. The assertion got here after US proecutors charged Adani Group chairma Gautam Adani and others linking them to an alleged bribery scheme.
Earlier, Photo voltaic Power Company of India Restricted (SECI), a authorities of India entity below the Ministry of New and Renewable Power, got here below assault by Congress chief Jairam Ramesh who alleged that SECI was the “key participant” within the “corruption scandal”.
“It’s mandatory to say that SECI is a Authorities of India enterprise. There is no such thing as a direct settlement between AP DISCOMs and every other entities together with these belonging to the Adani group. Due to this fact, the allegations made on the State Authorities, within the gentle of the indictment are incorrect,” YSR Congress Celebration mentioned in an announcement on Thursday.
The Andhra Pradesh authorities when Jagan Mohan Reddy was the Chief Minister got here into an settlement with SECI for a 25-year interval to acquire energy to the extent of seven,000 megawatts at Rs 2.49 per kWh (Kilowatt hour).
“The Authorities of Andhra Pradesh entered into an association to acquire energy from SECI (Photo voltaic Power Company of India) to the tune of seven,000 MW at Rs. 2.49 per kWh for 25 years with 3,000 MW commencing in FY 2024-25, 3,000 MW commencing in FY 2025- 26 and 1,000 MW commencing in FY 2026-27 with a waiver of the ISTS expenses,” the assertion learn.
“Owing to causes that the challenge did not entail a burden on account of ISTS (inter-state transmission system) expenses, permitting for the procurement of energy at cheaper charges, the challenge would “considerably” profit the state with financial savings price Rs 3,700 crores each year”, the assertion learn, including that the overall profit to Andhra Pradesh can be immense on account of the settlement being for 25 years.
In the meantime, Opposition events on Thursday pressed for a JPC probe into alleged bribery allegations with Congress chief Jairam Ramesh alleging {that a} key participant within the “corruption scandal” is the Photo voltaic Power Company of India (SECI), a Authorities of India firm.
The Adani Group has denied the allegations made by the US Division of Justice and the US Securities and Change Fee towards administrators of Adani Inexperienced. BJP mentioned the legislation will take its personal course and slammed Congress chief Rahul Gandhi over his assault on Prime Minister Narendra Modi.
