Adani Green Energy Limited (AGEL) has rejected allegations that it deliberately reduced the estimated cost of its Tarali Pumped Storage Project (PSP) to lower its statutory obligations.
In a media statement, the company described the allegations as misleading. It clarified that its online submission on the forest and wildlife portal covered only site investigation and survey activities.
AGEL said the State Board for Wildlife (SBWL) considered the project’s total cost at ₹5,675 crore.
Site investigation expenses account for around one per cent of the overall project cost.
The company therefore submitted a clarification stating that ₹56.75 crore represented only the expenses related to site investigations and surveys.
AGEL rejected allegations that the downward cost revision aimed to reduce conservation-related expenses.
The company said the Tarali PSP would come up entirely on private, non-forest land. It stated that the project site lies 3.2 kilometres from the Koyna Wildlife Sanctuary.
According to AGEL, the project falls outside the notified buffer zone of the Sahyadri Tiger Reserve.
The company further maintained that the development would neither affect nor border any tiger corridor or notified Eco-Sensitive Zone (ESZ).
AGEL clarified that the project does not involve the diversion of any protected area, reserved forest or notified Eco-Sensitive Zone.
The company reiterated that the allegations surrounding the project cost revision and conservation obligations did not reflect the actual scope of its online proposal.
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