The YS Jagan Mohan Reddy-led Andhra Pradesh government has softened its stand on the controversial plan to reopen the power purchase agreements (PPAs) inked under the previous TDP government.
In response to a Mint’s question on Wednesday at a conference in New Delhi, union power and new and renewable energy minister Raj Kumar Singh said that he has seen a communication wherein the Andhra Pradesh state government has clarified that they will not open all power purchase agreements (PPAs), but only in those cases where malfeasance is established.
The controversial move by the solar resource endowed state has seen concerns expressed by various investors including Japan’s Amabassador to India as it could bring 5.2 giga watts (GW) of solar and wind energy projects with an estimated debt exposure of over ₹21,000 crore under stress.
The Andhra Pradesh chief minister had recently met the Prime Minister Narendra Modi in the backdrop of National Democratic Alliance government Read More
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