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    Govt sacks SECI chairman Rameshwar Prasad Gupta with immediate effect, a month before term ends

    Synopsis

    India abruptly removed Rameshwar Prasad Gupta, chairman of the Solar Energy Corp of India (SECI), ahead of his scheduled tenure end. This decision follows SECI's controversial barring and subsequent reinstatement of Reliance Power in renewable energy tenders. SECI also faced scrutiny over a solar deal with Gautam Adani, amidst bribery allegations, though SECI denied any wrongdoing during the period.

    Rameshwar Prasad Gupta
    Rameshwar Prasad Gupta
    India has removed the chairman of the Solar Energy Corp of India (SECI) with immediate effect, the federal ministry of personnel said in a notice on Saturday, just over a month ahead of the scheduled end of his tenure.

    The former top bureaucrat at India's environment ministry was appointed SECI chairman in June 2023, and was scheduled to end his tenure as SECI chief next month.

    The government did not provide a reason for dismissing Rameshwar Prasad Gupta. Gupta declined comment.

    During Gupta's tenure, SECI had barred India's Reliance Power from participating in competitive tenders for renewable energy projects. It withdrew the order a month later in December after a court directive.

    SECI also came under fire last year for a solar deal involving SECI and billionaire Gautam Adani, which was signed before Gupta became chairman.

    U.S. prosecutors had indicted Adani and seven other executives in November for alleged involvement in a bribery and securities fraud scheme. Adani had denied the allegations as baseless, and SECI denied any wrongdoing.

    He had also announced last year SECI's plans to go public, but said it had yet to take a final call on the size of the initial public offering. (Reporting by Sudarshan Varadhan and Sarita Chaganti Singh)



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