From The Economic Times · PTI · · 40s
Adani Group Rejects Wildlife Cost Allegations
Adani Group denies cutting Tarali project costs to avoid wildlife obligations.
In brief
Adani Group denies cutting Tarali project costs to avoid wildlife obligations. Adani Group says Tarali pumped storage project costs were reduced to 1% of total for site surveys, not to lower statutory wildlife contributions. Originally reported by The Economic Times.
Adani Group Rejects Allegations
Adani Group denies claims that it reduced Tarali project costs to lower statutory wildlife obligations.
“The conglomerate rejected allegations that the downward revision was intended to reduce conservation-related costs, arguing that the project does not involve any protected forest or wildlife areas.”
Cost Revision Details
Adani Green Energy slashed Tarali project cost from Rs 5,675 crore to Rs 56.75 crore through a revised affidavit.
Project Location Clarification
Tarali PSP is on private land 3.2 km from Koyna wildlife sanctuary, outside tiger reserve buffer zones.
At a glance
Adani Group says Tarali pumped storage project costs were reduced to 1% of total for site surveys, not to lower statutory wildlife contributions.
