SECI power deals cannot be scrapped without solid proof: Andhra CM Naidu

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SECI power deals cannot be scrapped without solid proof: Andhra CM Naidu - Business Standard

Quick Summary:

The Chief Minister's comments assume significance in the backdrop of Adani being indicted by the US Department of Justice over his role in an alleged years-long scheme to pay USD 250 million bribes to Indian officials in exchange for favourable solar power contracts, including from Andhra Pradesh.

Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government cannot scrap power purchase agreements with the Solar Energy Corporation of India (SECI) without obtaining solid proof of bribery allegations.

The previous YSRCP regime in Andhra Pradesh is embroiled in this alleged scam with claims that government officials received bribes from the Adani Group, which reportedly amounted to Rs 1,750 crore.