T.N. govt cancels sensible meter tender awarded to Adani Power Options

T.N. govt cancels sensible meter tender awarded to Adani Power Options

The Tamil Nadu Energy Distribution Company (TANGEDCO) has cancelled a world tender floated for procuring sensible meters, citing the excessive value quoted by Adani Power Options Ltd (AESL).

Additionally learn: Didn’t meet Adani, experiences false: T.N. CM Stalin

The tenders had been floated as 4 packages in August 2023 for offering the sensible meters beneath the central authorities’s revamped distribution sector scheme.

Additionally learn:No industrial hyperlink with Adani Group corporations, says Tamil Nadu Electrical energy Minister Senthilbalaji

AESL, a BSE-listed agency was the bottom bidder for bundle 1 of the tender protecting eight districts, together with Chennai, and concerned set up of over 82 lakh sensible meters, a supply mentioned.

The tender was cancelled on December 27, 2024, as the associated fee quoted by AESL was reportedly increased.

A re-tender is prone to be floated. Tenders for 3 different packages had been additionally cancelled, he mentioned with out divulging additional particulars.

The federal government’s transfer comes within the wake of the controversy surrounding industrialist Gautam Adani, promoter of the Adani Group over allegations of being a part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officers in trade of beneficial phrases for solar energy contracts.

The U.S. prosecutors had indicted Adani and a few others in reference to the matter.

The corporate has refuted the allegations.

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