The copy of the letter, reviewed by FE, warned that “if this is not corrected, the FDI will stop coming, the banks will stop financing, and the growth in the renewable energy sector will come to a halt”. Stating that the recent decision of the Andhra Pradesh government to revise power purchase agreements (PPAs) signed […]
AP govt reviewing PPAs in public interest: Official
The Andhra Pradesh government has initiated an exercise to review power purchase agreements in the interest of the public and the State, a top official said Monday and added it is not for antagonising the Centre and all facts will be brought to its notice. The State will go ahead with the exercise, Ajay Kallam, […]
Discoms’ altering PPAs is bad move for power sector, says ICRA
The report was in context of Andhra Pradesh government constituting a high-level committee to review the cost of wind and solar PPAs tied-up by the discoms The receivable position for wind and solar power IPPs in Andhra Pradesh has worsened Attempts by state power distribution companies (discoms) to renegotiate power purchase agreements (PPAs) will bode […]
Soon, a green end to power blackouts
At the turn of the last year, Union power minister R K Singh announced that from April 1 2019, India would not face any blackouts, except in a couple of sectors like agriculture where electricity is not required 24×7. The minister made the statement in the context of state distribution companies, or discoms, often resorting […]