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The YSR Congress Party has refuted claims of bribery involving the Adani Group, stating that Andhra Pradesh’s power purchase agreement was with Solar Energy Corporation of India (SECI), not Adani. The U.S. Department of Justice accused Adani of alleged bribes to secure contracts. The YSRCP emphasized compliance with regulatory norms, denying direct agreements.
YSRCP clarified that SECI-approved deals ensured affordable energy procurement, benefitting Andhra Pradesh significantly. The allegations focus on events during YSRCP's rule but target Adani Group practices. The state government reaffirmed its distance from unethical arrangements.
Regulatory approvals backed Andhra’s power procurement strategy, reportedly saving ₹3,700 crore annually. YSRCP claims the agreement’s benefits affirm its legitimacy. Despite accusations, the party maintains its commitment to transparency in energy deals.
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