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Govt misleading people of State: Chennithala

‘KSEB has signed pact with Adani to buy power in April and May 2021’ Continuing his tirade against the Left Democratic Front (LDF) government over its purchase of power from the Adani group, Leader of Opposition Ramesh Chennithala on Saturday said that the government was misleading the people of the State. Addressing reporters in Haripad, Mr. Chennithala said that apart from purchasing power from the Adani Green Energy through a deal signed with the Solar Energy Corporation of India (SECI), the Kerala State Electricity Board (KSEB) recently entered into a separate direct agreement with the Adani group to buy electricity in April and May 2021.

Kerala Assembly elections | Chennithala says LDF favoured Adani group to curry favour with Centre

Kerala Assembly elections | Chennithala says LDF favoured Adani group to curry favour with Centre Updated: Updated: April 02, 2021 12:40 IST The Opposition Leader alleges the move was to avert ‘prosecution by Central agencies investigating the UAE consulate-linked gold smuggling case’. Share Article Opposition Leader in the Kerala Assembly Ramesh Chennithala. File photo   | Photo Credit: S. MAHINSHA The Opposition Leader alleges the move was to avert ‘prosecution by Central agencies investigating the UAE consulate-linked gold smuggling case’. Opposition Leader in the Kerala Assembly Ramesh Chennithala has alleged that the Left Democratic Front (LDF) government had awarded a lucrative power purchase contract to the Gujarat-based Adani group to avert “prosecution by Central agencies investigating the UAE consulate-linked gold smuggling case”.

Moody s assigns Ba3 to Renew Power s new RG5 senior secured notes

Moody s Investors Service has assigned Ba3 rating to the proposed 7.25-year USD senior secured notes of up to 620 million dollars to be issued by a newly-formed restricted group (RG5) of ReNew Power Pvt Ltd (RPPL). ReNew Wind Energy (AP 2) Pvt Ltd is part of the restricted group. The rating outlook is stable. Formed specifically to facilitate the proposed USD notes, the restricted group comprises 10 wholly-owned restricted subsidiaries of RPPL. Each entity will be liable as an issuer and guarantor for the USD notes. The 10 restricted subsidiaries are ReNew Wind Energy (AP 2), Ostro Jaisalmer, Ostro Urja Wind, Ostro Madhya Wind, Badoni Power, AVP Powerinfra, Prathamesh Solarfarms, Ostro Anantapur, Ostro Mahawind Power, and ReNew Wind Energy Delhi.

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