The SECI Power Sale Agreement (PSA) with Andhra DISCOMs became controversial after Adani Group chairman Gautam Adani was charged by the US Department of Justice over his role in a years-long scheme to allegedly pay USD 250 million bribe to Indian officials including from AP, in exchange for favourable solar power contracts of 7000 MW in 2021 when YSRCP was in power, an allegation refuted by the Indian conglomerate and also the AP opposition party separately.
The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved the purchase of over 4000 million units of power from Solar Energy Corporation of India (SECI) during the next fiscal, after the state DISCOMS have approached the regulator seeking its nod.
According to an order by APERC on Tariff for Retail Sale of Electricity during FY 2025-26', issued on Friday, the Commission consented to the PSA with detailed reasoning subject to the outcome in the AP High Court in the pending PILs with regard to the agreement.The .
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