People expect probe in Adani power deal: M Karunanidhi

Chennai: DMK chief M. Karunanidhi on Tuesday said that all sections of people are expecting a criminal investigation to bring out the hidden truth behind the AIADMK government signing of power purchase agreement with Adani Group’s 648 mw solar power plant in Ramanathapuram.

In a statement, Mr Karunanidhi said that the Adani group has got a stay from Madras high court against its own lawyer, Kabilan Manoharan after he threatened to publicize illegalities in the project unless his remuneration was increased.

He noted that the email sent by the lawyer to Adani contains charges of illegal purchase of lands for the plant, non-compliance with many regulations and power purchase agreement with Tangedco was done on the basis of fraudulent documentation and the company has got loans to the tune of Rs 4,300 crore from banks based on the PPAs. “No amount of political patronage will ever be able to sweep under the carpet the illegalities, non-compliance and surreptitious circumvention of procedure in the bid to meet TANGEDCO’s specification” he quoted from the email.

Adani group’s is setting up a 648 mw solar power plant in Ramanathapuram. The company has signed a PPA with Tangedco to supply  the solar power at a cost Rs 7.01 per unit. The signing of the PPA become a controversy in the state with opposition political parties including DMK and PMK alleged that the Tangedco would become more debt ridden.