Neither the Centre’s admonitions, nor adverse court rulings seem to be dissuading some state governments from dishonouring the power purchase agreements (PPAs) with renewable power units — a trend that is threatening to put the sunrise sector in jeopardy.
In a setback to solar and wind energy developers opposing the renegotiation of tariffs, the Andhra Pradesh High Court has transferred the matter to the state electricity regulator.
The Andhra Pradesh high court has directed solar and wind energy companies opposing renegotiation of tariffs by the state to approach state electricity regulator. Industry sources were disappointed by the order.
The State government has given administrative sanction for the release of Rs 4,690 crore to power discoms to clear the dues to be paid to various financial agencies and banks.
The face-off between the Andhra Pradesh government and renewable energy producers has taken a new turn with union power and renewable energy minister RK Singh writing to chief minister YS Jaganmohan Reddy pointing to the state discoms’ unpaid dues of over Rs 2,000 crore t
The engine of Visakha Express that plies between Bhubaneshwar to Secunderabad got detached from its coaches between Narsipatnam and Tuni railway stations on Monday.
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.
Andhra Pradesh’s plan to renege on contracts to buy power from solar and wind farms citing high tariffs threatens to hurt investments in clean energy when Prime Minister Narendra Modi is looking to cut emissions and use of fossil fuels.
During a review meeting held with the officials of Andhra Pradesh southern power distribution limited (APSPDL), the state secretary for energy department, N Srikanth said that nine hours power supply for the farmers and 24/7 uninterrupted power supply
State-owned Indian Oil Corporation has refused to accept the demand of Andhra Pradesh government to renegotiate power purchase agreements (PPAs), becoming the third central government entity to do so after NTPC and Solar Energy Corporation of India (SECI).