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How The Costs Of The Adani Bribery Scandal Will Be Borne By India’s Electricity Consumers & May Increase Power Cuts
https://article-14.com/post/how-the-costs-of-the-adani-bribery-scandal-will-be-borne-by-india-s-electricity-consumers-may-increase-power-cuts--6741c1d1d3a18   M Rajshekhar  

India’s solar power market suffers from a strange infirmity. Tenders for solar power are floated by SECI which, after finalising winners, tries to get discoms to buy the power it has already auctioned. Once they concur, SECI signs power purchase agreements with developers.

This design, created to insulate developers from the vagaries of discoms, comes with its own infirmities. Most SECI tenders don’t find takers—cash-strapped discoms, unable to shoulder the accompanying costs of intermittency, go slow on renewables; at other times, they choose to wait for solar tariffs to drop further.

In the case of the manufacturing-linked tender too, the calculations of Adani, Azure and SECI went awry. Finding the projected price from the tender too high—and expecting lower tariffs in the future—discoms refused to buy. ..

By July 2021, Odisha agreed to buy 500 MW in return for “hundreds of thousands of dollars”. In August that year, after Adani met then-Andhra Pradesh chief minister Jagan Mohan Reddy and allegedly offered him $228 million (Rs 1,750 crore), Andhra agreed to buy 7,000 MW from SECI. 

By February 2022, Jammu and Kashmir (J&K), Tamil Nadu and Chhattisgarh had acquiesed as well. The total amount paid to these five states stood at Rs 2,029 crore (about $265 million).

 ADANI SAGA:A Classic Case Of Regulatory Capture?SCI,State Govts or ANY..!D  https://www.youtube.com/watch?v=ABUcQAa6J6k Narasimha Reddy 

CONSEQUENCES OF DONALD TRUM VICTORY FOR INDIA/DR SUBRAMANIAN SWAMY./VHS-wordsOFwisdom  https://www.youtube.com/watch?v=i4IIQvqFeYQ

USA ADANI CASE#ANOTHER BOFORS?2024 V P SINGH?Commission QATROCHI? https://www.youtube.com/watch?v=DOnPSHIqxAI

https://www.youtube.com/@drtsprchannel5117

Why Is SECI Silent on Adani’s Bribery Allegations?  https://www.youtube.com/watch?v=LBIVqYm-4J0 Moneylife News Bites Nov 27, 2024 
The Adani bribery scandal has rocked the global energy sector, with indictments from the US Department of Justice and the SEC. At the center of this controversy lies SECI (Solar Energy Corporation of India), whose silence raises troubling questions about its role in facilitating inflated solar power prices and bribery schemes. This video explores:
SECI's questionable policies and decisions.
Allegations of corruption involving Adani Green Energy and Azure Power.
The Power Ministry’s role in encouraging centralized solar plants.
Demands for an independent investigation

US probing Adani Group and founder over potential bribery, Bloomberg reports https://www.reuters.com/world/india/us-probing-adani-group-founder-over-potential-bribery-bloomberg-reports-2024-03-15/ By Reuters March 15, 2024 Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, the report said, citing people with direct knowledge of the matter..."We are not aware of any investigation against our chairman," Adani Group told Bloomberg News...