Centre explores new law to shield global investors
- Move comes after Andhra govt’s controversial plan to scrap renewable energy pacts
- Investors claimed that Andhra Pradesh’s decision could put at risk 5.2GW of solar and wind energy projects
New Delhi: The Centre is exploring a law to protect investments affected by state governments’ decisions to scrap contracts as it moves to reassure foreign investors who are riled up by Andhra Pradesh’s plan to annul some clean energy agreements.
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