Andhra government’s notice to Greenko on power tariff cut stayed


Andhra government’s notice to Greenko on power tariff cut stayed

The Appellate Tribunal for Electricity (Aptel) has stayed till August 28 a notice issued by the Andhra Pradesh government to three Greenko Energy group companies asking them to reduce their solar power tariff from Rs 4.50 to Rs 2.44 per unit.

“The Appellate Tribunal for Electricity has stayed the notice issued by distribution power utility of Andhra Pradesh to three Greenko Energy group firms asking for a drastic reduction in solar power tariff. The tribunal has stayed these orders till the next hearing on August 28,’’ said a company statement. The company also hinted that power which is given for Rs 2.44 per unit in Rajasthan, cannot be provided at the same rate in Andhra Pradesh.

Chief minister YS Jagan Mohan Reddy has maintained that wind and solar PPAs signed by the previous government are at rates higher than those in other states and alleged that there is major scam in the deals favouring a few companies.  Read More

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