Adani Green signed the final PPA with the company to supply 1,799 megawatts of solar power for 25 years
Gujarat Congress chief Shaktisinh Gohil on Saturday accused the Bharatiya Janata Party (BJP) government in the state of making an excess payment of Rs 3,900 crore to Adani Power Mundra Limited (APMuL) over five years under two power purchase agreements (PPA), an allegation the government denied. Gujarat government spokesperson and cabinet minister Rushikesh Patel said the allegations were "misleading", stating that the payment was only interim and not final. The state-run Gujarat Urja Vikas Nigam Limited (GUVNL) paid Adani Power Rs 13,802 crore between October 2018 and March 2023 even when the latter did not submit any invoice or supporting documents of coal procurement (for its power plants), Gohil claimed at a press conference here. He produced a letter purportedly written by GUVNL dated May 15, 2023, to Adani Power Mundra seeking recovery of Rs 3,802 crore, excess payment made by the GUVNL towards energy charges under the two Power Purchase Agreements (PPA) signed with the latter
Most of the funds may come from state-run lenders and private lenders will lend at least Rs 4,500 crore
The NIA on Monday filed a second supplementary chargesheet against 22 accused, including six Afghan nationals and seven firms, in the 2021 Mundra Port naroctics seizure case in Gujarat, an official said. Probe has established that funds generated through the sale of heroin were provided to operatives of the Lashkar-e-Taiba (LeT) to further terrorist activities in India, the agency said. The National Investigation Agency (NIA) had filed a chargesheet against 16 accused on March 14, 2022, and the first supplementary chargesheet was filed against nine others on August 29 that year. The case pertains to the seizure of over 2,988 kilograms of heroin at the Mundra Port in Gujarat. The consignment was sent from Afghanistan through Bandar Abbas in Iran. Initially, the case was registered by the Directorate of Revenue Intelligence's Gandhidham unit in Gujarat. It was re-registered by the NIA on October 6, 2021. The supplementary chargesheet against 22 accused, who also include prime accus
To relinquish compensation from GUVNL and will not terminate PPA
The ministry is pursuing these five states to allow the two units to sell in the spot market on the power exchanges
Currently, Reliance Industries Ltd is a major supplier of petrochemicals along with government-owned refiners.
The terminal was mechanically completed in mid-2018 and was inaugurated by Prime Minister Narendra Modi
Adani Power needs lenders' go-ahead for hiving off the plant