CCI Clears Adani Group in SECI Solar Tender Case
India’s competition regulator, the Competition Commission of India (CCI), has dismissed allegations of anti-competitive practices in a major solar tender issued by the Solar Energy Corporation of India (SECI). The case involved companies including the Adani Group and Azure Power, with the CCI stating there was no prima facie evidence of wrongdoing.
The regulator noted that India’s power sector remains highly competitive, with multiple key players such as NTPC Limited, Power Grid Corporation of India, Tata Power, Torrent Power, and Reliance Power. It concluded that the Adani Group does not hold a dominant position in the market, rejecting claims of abuse of dominance under competition laws.
The complaint had raised concerns over tender clauses like the “Green Shoe Option” and tariff structures, alleging they favored large firms. However, the CCI found no substantial evidence to support these claims and emphasized that tender designs are based on project-specific needs. Concluding there was no violation of competition norms, the Commission ordered the case to be closed.
Pic courtesy: google/ images are subject to copyright
