Adani Green finds no irregularities in internal review of US bribery charges
Author: PPD Team Date: May 1, 2025
Author: PPD Team Date: May 1, 2025
Adani Green Energy has announced that its independent review into the US indictment of its founder and senior executives has found no evidence of non-compliance or irregularities.
In a filing to the stock exchange, the company stated that it had appointed independent law firms to conduct a thorough review of the allegations. This review aimed to assess whether there were any non-compliances related to the case. The result of the review confirmed that no such irregularities were found.
The US authorities had indicted Gautam Adani and top executives in November 2024, accusing them of being involved in a $250 million bribery scheme to secure power contracts and mislead US investors. In response, Adani Green Energy initiated its review in January 2025 to ensure transparency and governance.
The company has expressed confidence that the ongoing US legal proceedings will not have a material impact on the business or the group’s operations.
Author: PPD Team Date: November 7, 2024 Cubico Sustainable Investments has announced Scout Moor II, a proposed 100 MW onshore wind project in England, situated near the existing Scout Moor wind farm between Edenfield, Rawtenstall, and Rochdale. With planning approval, Scout Moor II could begin operations by 2030, delivering renewable electricity to over 100,000 homes and covering around 10 per cent of Greater Manchester’s residential energy needs. Cubico also plans to create a Community Wealth…
Author: PPD Team Date: June 25, 2025 At the Regional Conference for the Eastern Region States/ UTs in Patna on 24 June, Union Power Minister Manohar Lal urged eastern states to tie up generation capacity, push renewable energy with storage, and plan for at least one nuclear plant per state. States were asked to resolve issues delaying intra-state transmission, including Right of Way and forest clearances, and use Rs 1.5 lakh crore in 50-year interest-free…
Author: PPD Team Date: November 29, 2024 The Asian Development Bank (ADB) and Gulf Renewable Energy Company, a subsidiary of Gulf Energy Development Public Company, have finalized an $820 million loan agreement to fund 12 renewable energy projects in Thailand. These include eight ground-mounted solar photovoltaic (PV) plants and four solar PV plants integrated with battery energy storage systems (BESS). The projects have a combined solar PV capacity of 393 MW, with the solar plus…
Author: PPD Team Date: September 12, 2025 The central government is preparing a carbon capture, utilisation, and storage (CCUS) programme estimated at Rs 38,900 crore, with Rs 19,500 crore to be committed from public funds. The balance is expected to be raised through bank loans and multilateral financing. According to officials, the programme will be structured into multiple sub-schemes. Research and development projects may receive full government support, while other initiatives could be funded between…
Author: PPD Team Date: November 29, 2024 Andhra Pradesh has emerged as the top state in LED streetlight installations under the Street Lighting National Programme (SLNP), according to a recent Parliament reply. Shripad Naik, Union Minister of State for Power, stated that 13.1 million LED streetlights had been installed nationwide as of November 7, 2024. Andhra Pradesh accounted for 2.9 million installations or 22.4 per cent of the total. Telangana ranked second with 1.7 million…
Author: PPD Team Date: January 22, 2025 Virendra Dogra Power Projects Private Limited has secured the Letter of Award (LoA) for a feasibility study to develop 30.85 MW of mini, micro, and small hydroelectric projects (HEPs) in Tripura. The company quoted Rs 8.142 million for the project. Tripura Power Generation Limited (TPGL) invited the bid in November 2023. The scope includes assessing the technical, commercial, and economic viability of developing these HEPs on a Build,…