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Adani Group News: There has been news of relief from Andhra Pradesh government for Gautam Adani’s Adani Group. Naidu government of Andhra Pradesh has decided not to take any action against the green energy company of Adani Group. The government says that until concrete evidence comes to light regarding the allegations against Adani Group and the allegations are not proved, the state government will not take any action against the group.
According to the report of Economic Times, Chief Minister Chandrababu Naidu, while addressing the journalists in Vijayawada, said, until concrete evidence is found, we cannot withdraw from the contract given to the group company. Because for doing so the state government may have to pay a huge penalty. The Chief Minister has made it clear that no action will be taken until evidence is found in this matter. He said, we need more evidence and concrete action will be taken only after getting the evidence. Earlier, after allegations of bribery against Adani Group company and chairman surfaced in America, Chadrababu Naidu had assured to take action in the Assembly on 22 November 2024.
In the month of November, it was reported that the Naidu government of Andhra Pradesh is considering options related to holding the Power Purchase Agreement (PPA) related to Adani Green Energy. The state government is considering these options after being indicted by the US Justice Department on allegations of bribery to obtain contracts for solar projects. Then the state government sources had said that the state government is considering writing a letter to cancel the agreement regarding the power purchase agreement with Solar Energy Corporation of India and Adani Green Energy and in this matter Can recommend for investigation by the central agency. Also, the state government can consider scrapping the power supply agreement completely.
Under the Power Purchase Agreement, Andhra Pradesh government has to purchase 7000 MW solar power from Solar Energy Corporation of India. US authorities have charged group chairman Gautam Adani and seven others with paying $265 million in bribes to officials in India’s Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of Jammu and Kashmir to secure solar projects between 2021 and 2022. Was accused of. Two companies which are embroiled in controversies in this entire matter include Adani Green and Azure Power.
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