Centre’s instructions to fire Rameshwar Prasad Gupta as chairman and manage solar companies
New Delhi: The Alliance Government has terminated the service of Rameshwar Prasad Gupta, Chairman and Managing Director of Solar Energy Corporation of India (SECI). His term is scheduled to end next month.
“The Cabinet Appointment Committee has approved the termination of Shri Rameshwar Prasad Gupta of IAS as Chairman and Managing Director of Solar Energy Corporation of India for the Ministry of New and Renewable Energy,” the Ministry of Personnel and Training said in a strongly worded notice on Saturday.
The notice does not cite any reason for termination. Gupta refuses to comment on development on a call Mint.
A batch of officials from Gujarat Cadre in Gujarat in 2021 served as secretary in the Ministry of Environment, Forests and Climate Change and joined SECI in June 2023. He also graduated from Aerospace Engineering from IIT Kanpur, and he also worked with Niti Aayog and the Ministry of Coal. He also has experience in company management, economics, statistical planning and program implementation.
Since SECI’s mission is to tender 20 GW renewable energy projects annually in the next few years. The company also plans to build its own solar energy of 10 GW by fiscal 27.
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Recently, the state-owned company found some controversy, including mentioned in the Securities and Exchange Commission’s (SEC) lawsuit against Adani Group, for allegedly bribed approximately $250 million to ensure that Andhra Pradesh’s solar project is available for solar projects, and the For seci for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for Renewable for
Last November, U.S. attorneys sued Gautam Adani and other executives for alleged bribery. Speech Mint Gupta said in November that Seci would not review the order or initiate an investigation because there was no basis. He denied any misconduct.
On November 6, Seci banned Reliance Power and its subsidiary Reliance Nu Bess from participating in a bidding for a state-owned entity float for three years, due to alleged submission of forged documents. However, it later withdrew the order after the Delhi High Court suspended the company’s revocation. Earlier this month, Reliance NU Suntech Private Ltd, a subsidiary of Reliance Power Ltd, signed a 25-year power purchase agreement (PPA) with Seci.
Founded in 2011, SECI is an implementation agency for the development of solar, wind and hybrid projects to fulfill the country’s National Defined Contribution (NDC). To achieve this, SECI has released tenders to select renewable energy developers to establish projects in pan-India or state-specific countries.
Speaking to the media at the 11th SECI Foundation in 2022, Gupta said the company plans to make it public within one or two years. He also said that the cumulative renewable energy capacity is planned to be installed at 10 GW by 2030. Currently owns and operates approximately 123.7 MW.
