On Sunday, one of the veteran Congress leaders, Jairam Ramesh, said that the Maharashtra government headed by Devendra Fadnavis has indulged in ‘yet another Modani enterprise’ by favoring the Adani Group in a power supply contract.
Ramesh claimed that Mahayuti, the ruling alliance, is desperate to seal the deal due to the impending ‘whipping defeat’ that will characterize the Maharashtra assembly elections. He said, “More sleazy aspects of this rigged deal will begin coming out in the next few weeks. ”
In his post on X, Ramesh said,
“What does the Mahayuti Government in Maharashtra do when it is on the verge of a landslide defeat? This is what they do with their last few days in power? Yet another Modani enterprise, undoubtedly!”
Adani Power emerged as the successful bidder in providing a blend of renewable and thermal power to Maharashtra’s state electricity board at a tariff of ₹4. The cost of procurement from this company is 08 rupees per unit, which is just ₹ 1 less than the price that the company is paying for procuring inputs from other companies.
The agreement is for 5,000 megawatts of solar power generated through Adani Green Energy’s Khavda Renewable Energy Park in Gujarat and 1,496 megawatts of thermal power from a new ultra-supercritical plant.
This is coming after a U. S. -based short-seller firm, Hindenburg Research, released a damning report against the Adani Group in January this year for alleged stock manipulation and corporate governance misdeeds. While most of the shares in the Adani group have recovered, the SEBI has yet to give its final verdict on this issue.
