The Andhra Pradesh government has reserved judgment in the case filed by renewable energy companies against renegotiation bid of the state government, sources said. The high court has asked both sides to make written submissions by September 23, before delivering the much-waited order.
The hearings concluded on Wednesday. During the hearing, the companies sought the Andhra Pradesh government order dated July 1 to be quashed. The companies argued that the state government had no say in the contracts which were signed between the distribution companies and the developers.
The Andhra Pradesh government argued that the high cost PPAs were difficult to be honoured and the tariffs had to be revised downwards.
Andhra Pradesh government had in a previous hearing told the high court it has realised that renewable power contracts with developers cannot be terminated and was embarrassed by its move towards this Read More