The Andhra Pradesh government has called wind project developers in the state to meet them on Monday to renegotiate tariffs, going ahead with new chief minister Jagan Mohan Reddy’s resolve to revisit renewable energy contracts despite the Centre and industry raising concerns.
Reddy, who believes many of these contracts were signed at rates higher than other states, has formed a committee solely to review the prices and depending on its report will renegotiate contracts.
“Wind PPAs that are entered after the year 2012 have caused unjustified burden on discoms and consumers of state, the government of Andhra Pradesh has constituted a high-level negotiation committee,” the chief general manager of Andhra Pradesh Southern Power Distribution Co (APSPDCL) said in a letter to developers. Read More
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