power tariffs

Adani’s power grab sparks fears of privatisation

A grab by the Adani Group for power-transmission licences in Mumbai and a satellite of new Delhi is part of a wider push for privatisation of the power-distribution sector, according to electricity unions. Industrial action in January 2023 prompted government officials to consider this concern. However, the ultimate decision-making authority lies with a regulatory body. Unions protesting about Adani’s move are concerned the company will ‘cherry pick’ its customers.

Adani Watch, News

Is the Indian Government undermining its own agency’s pursuit of alleged over-invoicing by the Adani Group?

Abir Dasgupta / September 28, 2021

An Indian government authority that investigates violations of customs law has alleged that three Adani Group companies have used intermediaries to artificially inflate the prices of imported coal-power goods. This practice, known as over-invoicing, enables companies to enrich a related third party and even to launder money, while passing on costs to consumers. The allegations against the Adani Group companies have bounced around inside the legal system for years, with little progress.

Adani’s power grab sparks fears of privatisation

Is the Indian Government undermining its own agency’s pursuit of alleged over-invoicing by the Adani Group?

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