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The Hindu
The Hindu
National
The Hindu Bureau

Gujarat power utility made ‘excess payment’ of ₹3,900 crore to Adani: Congress

Adani SEBI Shaktisinh Gohil Gujarat GUVNL Jairam Ramesh Adani Power the Adani Group Coal Rushikesh Patel

Gujarat Congress president Shaktisinh Gohil on Saturday accused the Gujarat government of favouring the Adani Group by making an “excess payment” of ₹3,900 crore to Adani Power between 2018 and 2023.

Mr. Gohil produced a letter written by the Gujarat Urja Vikas Nigam Ltd (GUVNL) to Adani Power, Mundra, in which the State power utility has stated that it made the excess payment and asked the power supplier for recovery.

In the letter, dated May 15, 2023, GUVNL said that Adani Power was not cooperating, and had failed to submit detailed invoices and supporting documents of coal procurement from Indonesia. It also suggests that the coal price at which Adani Power was procuring Indonesian coal was substantially higher than the actual market price of coal.

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