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Adani Group faces serious charges after securing $6 billion solar energy contract
Contract Type
contract
IndiaEnergyMiningDescription
The Adani Group is facing serious charges after allegedly paying $250 million in bribes to secure a $6 billion solar energy contract with the Solar Energy Corporation of India, which is projected to generate over $2 billion in post-tax profits across 20 years. The contract, termed 'the world’s largest solar award,' involves the development of 8 GW of solar projects and the establishment of 2 GW of additional solar cell and module manufacturing capacity, creating 400,000 direct and indirect jobs and displacing 900 million tonnes of carbon dioxide over its lifetime.