Hyderabad : The Andhra Pradesh government headed by YS Jaganmohan Reddy has asked the Indian multinational Adani Group to credibly revise its investment plans with precise time frames and investments, making the Gautam Adani-headed conglomerate to substantially slash its investment plans. This comes weeks after the new government in Andhra decided to reclaim around 4,700 […]
Open LCs for renewable firms or lose access to generation, Centre tells AP
Sets two-day dealine for compliance; denying access to Central pool will mean power outages, as state must draw 20 mnn units to achieve 24-hour power supply The Centre has threatened the Andhra Pradesh government that it will deny access to the Central pool of electricity and power exchanges if it fails to open the letters […]
AP goes to court against Centre’s LoC order
The financial situation of Andhra Pradesh is in deepest crisis. It is not in a position to make payments of any sort. This is why it is unable to give Letters of Credit to the solar companies towards power supply dues. At such a time, the Centre ordered AP to issue LoCs failing which the […]
Centre threat to block AP from Electricity Exchange
The Central government has become furious over AP Power Minister Balineni Srinivasa Reddy’s letter. The Minister recently wrote that the Centre should bear the cost of solar and wind power purchases in AP. An angry Centre has now written to AP to immediately pay all the dues running into hundreds of crores to solar power […]
Significant regulatory uncertainty for wind, solar power plants in AP: ICRA
In the interim, the court directed the discoms to make payments for the pending bills and future bills at the rate of Rs 2.43 per unit for wind power plants and Rs 2.44 per unit for solar power plants. NEW DELHI: While the quashing of government’s notification by the Andhra Pradesh high court regarding appointment […]
Andhra High court reserves order on renewable contracts renegotiation
The Andhra Pradesh high court had on July 25 stayed the state government’s July 1 order in a case filed by renewable energy companies against renegotiation of all power supply contracts. New Delhi : The Andhra Pradesh government has reserved judgment in the case filed by renewable energy companies against renegotiation bid of the state […]
Bharathi Cements commissions 10 MW solar power plant at its Kadapa unit in AP
Hyderabad: Bharathi Cement, India’s leading Cement manufacturer, on Monday announced the commissioning of 10 MW Ground-Mounted Solar Power plant in its manufacturing facility at Kadapa in Andhra Pradesh. This plant will generate close to 1.6 crore units of electricity annually and help reduce Bharathi’s overall energy costs by reducing its reliance on Thermal power. Source: […]
AP Government decides not to reopen existing PPAs
AP Government has decided not to reopen the existing PPAs unless some irregularities were found in them They would however examine the PPAs which have not yet been finalised. This decision has been taking by the State Government in view of financial crunch in the state Government informed centre in a letter…Read More Source: […]
‘AP discoms in crisis due to purchases’, says Energy Secretary
Speaking at a workshop organised by IEX here on Friday, the Secretary said the discoms were facing unprecedented financial crisis due to purchase of power at a higher cost. VIJAYAWADA: Even as the renewable power generators moved court against the State’s decision to renegotiate power purchase agreements (PPAs), Energy Secretary Nagulapalli Srikanth has stated that […]
