Congress Claims ‘Gigantic Scandal’ As Adani Power Cuts Cost By 99%

The Congress on Friday launched a fresh attack on the Narendra Modi-led government over Adani Green Energy Limited’s reported move to slash the estimated cost of its hydropower project in Maharashtra’s Satara district by 99 per cent. Calling the development a “scandal of gigantic proportions”, the opposition party questioned the government’s handling of the matter and renewed its demand for a Joint Parliamentary Committee (JPC) probe into the Adani Group’s business operations.
Congress general secretary in-charge communications Jairam Ramesh in a social media post on X said, “Over the past decade, the Modani conglomerate’s astronomical expansion has been a saga of well-documented scams. The Indian National Congress has, since March 2023, been demanding a thorough investigation through a Joint Parliamentary Committee(JPC) into its growth and takeover of company after company, industry after industry after industry, public asset after public asset, that had been documented in detail.”
“Now comes another extraordinary revelation in a leading daily that had earlier exposed the CEC Gyanesh Kumar. It is truly sensational,” the Congress said citing a report by The Indian Express.
Modani has slashed its project cost for a 1500 MW pumped storage power project in Maharashtra. A project which was sanctioned last year for Rs 5,675 crore is now stated in an affidavit to have a cost of Rs 56.75 crore. It is a 99% reduction!!!
“This is unbelievable and yet another example of what Modani is always able to get away with. It points to a scandal of gigantic proportions reinforcing the demand for a JPC into its operations,” he added.