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Adani Group denies selling power to Guj at exorbitant rate

Press Trust of India  |  New Delhi 

The Adani Group today dismissed Congress' allegation of charging exorbitant electricity tariff in Gujarat, saying it sold power to the state at a "very attractive" price of Rs 2.65 per unit over the last four years.

Adani Power Ltd sells electricity to under long term power purchase agreements, entered through competitive bidding and duly approved by Regulatory Commission, a group spokesperson said.

"The allegations made by a political spokesperson regarding higher costs of Adani Power's electricity supply to Gujarat's distribution companies are factually incorrect and misguiding," the spokesperson said in an emailed statement.

Adani Power, it said, offers one of the cheapest power supplies, and went on to list the price charged in last four years -- Rs 2.71 per unit in 2013-14, Rs 2.64 in 2014-15, Rs 2.57 in 2015-16 and Rs 2.67 a unit in 2016-17.

"The actual average rate of power supply to utility from Adani for the last four years has been very attractive at Rs 2.65 per unit (kwh)," it said.

Spokesperson Randeep Surjewala had yesterday alleged that the BJP government in had let Adani, Essar, Tata and China Light Power "squander" Rs 26,000 crore of the public exchequer by purchasing electricity from them at "unimaginably high rates" in a "huge power purchase scam".

Without naming Congress, Adani Group spokesperson said in past too, "spokespersons from the same political party have tried to misguide the media during elections."

"However, they have not been able to prove any of their charges since we as a responsible corporate citizen operate under the ambit of relevant legal and regulatory framework," the group said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 01 2017. 20:55 IST