Adani Group Denies Selling Power To Guj At Exorbitant Rate


Adani Group Denies Selling Power To Guj At Exorbitant Rate

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 Gujarat 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. Read More…

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