ANI
In a statement, the YSR Congress Party said that the power purchase of seven thousand MW was approved by the Andhra Pradesh Electricity Regulatory Commission in November 2021, after which on December 1, 2021, Solar Energy Corporation of India Limited (SECI) and AP Discom (Andhra Power Sale Agreement (PSA) was signed between the power distribution companies of the state.
Hours after the US Securities and Exchange Commission accused the Adani Group of paying bribes to former Andhra Pradesh Chief Minister YS Reddy, the YSR Congress Party has accused Jagan Mohan Reddy and others of defrauding him of $200 million (₹1,750 crore). Has rejected. The SEC indictment accused Adani of corruption in securing a 7 gigawatt solar power deal with the previous YSR Congress-led Andhra Pradesh government. The party has denied any irregularities and reiterated that the deal will benefit the state. It said that no direct agreement has been signed between the electricity distribution companies (discoms) of Andhra Pradesh and any Adani Group company.
In a statement, the YSR Congress Party said that the power purchase of seven thousand MW was approved by the Andhra Pradesh Electricity Regulatory Commission in November 2021, after which on December 1, 2021, Solar Energy Corporation of India Limited (SECI) and AP Discom (Andhra Power Sale Agreement (PSA) was signed between the power distribution companies of the state. India’s second richest man Gautam Adani and his nephew Sagar Adani, along with seven others, have been charged by the US Justice Department with paying bribes to unnamed officials of the state governments of Andhra Pradesh and Odisha to buy expensive solar power.
According to the US Attorney’s Office, in 2021 and 2022, Gautam Adani personally met government officials and offered them bribes to sign power sale agreements with SECI. YSR Congress Party was in power in Andhra Pradesh during the said period. The party said it is necessary to mention that SECI is a Government of India enterprise. There was no direct agreement between the power distribution companies of Andhra Pradesh and any other entity belonging to the Adani Group. Therefore, in view of the indictment, the allegations leveled against the State Government are false.
