Implying anomalies in certain deals, the Government of Andhra Pradesh has decided to review the Power Purchase Agreements (PPAs) entered into during the five-year tenure of past government led by TDP chief N Chandrababu Naidu.
Chief Minister Y S Jaganmohan Reddy has been speaking about the review since day one of assuming office. However, with the Centre writing two letters within a span of a month urging the state government to desist from reviewing the PPAs, the matter has turned into a sensitive issue.
Ajeya Kallam, the principal advisor to the Chief Minister of Andhra Pradesh, on Monday, held a press meet where he clarified that review of PPAs will definitely take place.
Kallam said that during the past five years, PPAs are entered in wind and solar energy sectors. He clarified that those PPAs are agreed for exorbitant prices. Read More
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