BHUBANESWAR: In a latest court docket submitting, the US Securities and Exchange Commission alleged that Adani Green’s inner paperwork present big kickbacks have been made or dedicated to Odisha govt officers to affect selections relating to an influence provide settlement.
The SEC grievance learn, “According to Adani Green’s records, a payment equal to hundreds of thousands of dollars was paid or promised to govt officials in Odisha to cause Odisha to enter into a power supply agreement with SECI (Solar Energy Corporation of India) for purchase of 500 MW of power.”
“Consistent with Adani Green’s records, SECI announced its first power supply agreement related to the manufacturing linked projects in July 2021, pursuant to which Grid Corporation of Odisha (Gridco) agreed to buy 500 MW of capacity from SECI,” the grievance stated.
As per Gridco’s annual report, throughout 2022-23 it had executed two PSAs with SECI in direction of procurement of a complete of 400 MW of wind capability and three energy buy agreements for the procurement of 410 MW of photo voltaic capability to meet future renewable buy obligation goal. In addition, one PSA was executed with SECI in June 2023 for 600 MW of wind energy capability.
While state legislation minister Prithivirraj Harichadan stated businesses will probe the costs, a govt official stated Gridco, a bulk energy provider, independently indicators PPAs with energy producers corresponding to NTPC, NHPC and SECI to meet RPO obligations after approval from Odisha Electricity Regulatory Commission. “Gridco as such has no option to know who is the (private) developer at back end of SECI,” official stated.
Despite repeated makes an attempt, Gridco MD Trilocan Panda didn’t reply to cellphone calls or messages.
