The YSR Congress party leaders have claimed that party president and Andhra Pradesh chief minister Y S Jagan Mohan Reddy has convinced the NDA government bosses in Delhi on the need to review power purchase agreements signed by his predecessor N Chandrababu Naidu during his regime between 2014 and 2019.
However, the Centre seems to be still unhappy with Jagan for going ahead with his decision to review the PPAs despite the objections raised by it and the investors.
Speaking to media in Hyderabad on Monday, Union energy minister R K Singh made some strong comments against Jagan for deciding to review the PPAs ignoring central objections.
“It is very unfortunate. The Andhra chief minister has not realized that if a contract is reviewed years after it was signed, it will result in investors losing trust on the government,” he said.
He said the Centre had made it clear to Jagan that if there was really any illegality found in the PPA, the government could take action. But he cannot review it or scrap it completely, the minister said.
Stating that Jagan was making a false propaganda about the power projects, Singh said the Centre had not found any irregularities in the signing of the PPAs by the previous government.
“The new government could not produce any evidences to prove corruption in signing the PPAs. If Jagan takes unilateral decisions, it will result in flight of investments in power projects. He is not listening to the Centre’s advices in this regard,” he criticized.
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