Andhra Pradesh says no plan to review all PPAs


Andhra Pradesh says no plan to review all PPAs

Andhra Pradesh has shown the first sign of changing its controversial stand that contracts with renewable energy companies should be renegotiated to bring down tariffs, as a top-ranking official told ET that the state was only targeting projects where corruption was evident.

“The intention of the chief minister was not to review all PPAs across the board. There was prima facie evidence that there was mala fide, corruption and kickbacks in some of the wind projects, which had not gone through the bidding process. The committee was formed to look only into those cases,” a top-ranking bureaucrat in the state, who did not want to be identified, told ET.

He also said the allocation and pricing of land for some projects seemed suspicious and opaque. “We are also reviewing large tracts of land which had been allocated on a non-transparent basis earlier at discretionary prices Read More

Leave a Reply

Your email address will not be published.