Adani gets contract to supply electricity to Maharashtra

Business: The Congress party on Sunday attacked the Eknath Shinde and Devendra Fadnavis-led Maharashtra government after it won a tender to supply 6,600 MW of renewable and thermal power to the state. The most senior leader of Maharashtra alleged that it was a “fraudulent deal” struck by the Mahavati government. Congress leader Jairam Ramesh said in a post on Twitter, “Mahavati government in Maharashtra may face a major failure, but this is what the government decided to do in the last days of its formation. A modern adventure, unabashedly.” “It is!”

Chief Minister Ramesh said the shocking details of the fraudulent transaction would be revealed soon.

According to a PTI report, the Adani Group has won the tender for long-term supply of 6,600 MW renewable and thermal power to Maharashtra. The offer price is Rs 4.08 per unit, giving it an edge over companies such as JSW Energy and Torrent Power. Deliveries begin within 48 months of receiving the declaration of commitment. Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has issued a letter of undertaking for 6.6 million kW to Adani Power, the Adani Group said in a statement. Sagar Adani, chief executive officer of Adani Green Energy, said Adani Green is well positioned to achieve its 50 GW target with critical resources secured at strategic locations.