July 20, 2015 3:31:42 am
A major row has broken out over a recently signed 25-year power project between the Adani Group and the Tamil Nadu government with the same group offering a similar project to the Madhya Pradesh government at a cheaper rate. All major opposition parties, including the BJP, have sought an immediate explanation from the state government over the project’s pricing component.
According to the deal between Tamil Nadu government and Adani Group, the state had agreed to buy power at Rs 7.01 per unit from the company’s proposed 648 MW solar plant — tipped to be world’s largest solar plant to be located at a single place — slated to come up in the state’s Ramanathapuram district.
The deal, signed after Jayalalithaa’s bypoll victory, is now being questioned after the same company quoted a price of Rs 6.04 per unit when Madhya Pradesh opened bids for a 300 MW solar project last week.
Despite the Madhya Pradesh government rejecting the Adani offer and finalising a 25-year deal with a Mauritius-based company at a cost of Rs 5.05 per unit, opposition parties in Tamil Nadu have raised it as a major issue asking Jayalalithaa to reveal why she chose to buy power at a relatively higher tariff from the Adani Group.
DMK treasurer M K Stalin demanded a white paper on solar power purchase agreements signed by the state government with various companies, including the Adani Group. He also asked for a probe into the solar power purchase agreements signed with various companies.
Claiming that the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) already has an accumulated loss of around Rs 54,000 crore, Tamil Nadu Congress Committee (TNCC) president, EVKS Elangovan, asked why the state government was adding to its woes with an expensive power deal.
The BJP’s attack was led by its state president Tamilisai Soundarajan in Coimbatore. Soundarajan alleged that the Tamil Nadu government signed the deal with Adani Group despite lower bidders offering to set up solar plants.
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