Reddy's Andhra Pradesh govt plans to cancel previous green energy contracts2 min read . Updated: 04 Jul 2019, 06:54 PM IST
- Andhra Pradesh’s decision could adversely impact Union government's goal of installing 175 GW of renewable capacity by 2022
- However, the state has said separately it will renegotiate some power purchase agreements for renewable projects
New Delhi: In what may have a wide ranging impact on the Indian energy sector, Y. S. Jagan Mohan Reddy-led Andhra Pradesh government has decided to execute a raft of decisions that include issuing recovery notices to all wind and solar power purchase agreements (PPAs) for the losses caused, challenge the must run obligation of in the wind and solar regulations of the state electricity regulator and cancel the previous N. Chandrababu Naidu-led government’s decision to ink PPAs for the projects in the so called “in- pipeline."
Select your Category