Nearly 50 companies have knocked the Andhra Pradesh High Court against the YSRCP government’s decision to revise the PPAs signed in TDP’s regime. Despite this, CM YS Jagan is not comprising and is insisting for a revision of all power agreements.
As the court is taking its own time it verifying the facts and giving its verdict, the electricity providers have approached the Centre over this yet again. In response to the companies fresh complaint, the union government has written to the AP government and clarified that all the wind and solar projects should be in running status as per the Electricity Act 2003. The centre has also warned that if these companies incur losses, then the state government is liable of repayment.
In fact this is the second letter the Centre has written to the YSRCP government. In July first week, Union Minister of State for Power and New and Renewable Energy, RK Singh had written to CM YS Jagan, asking him to reconsider his decision of reviewing the PPAs. The Minister Singh further added that if the state government finds out clear-cut wrongdoing in the PPAs then it has the authority to cancel them. But if no such things are verified, the government should not revise them.
What will Jagan do next based on this letter from the centre is a million Dollar question. Nevertheless, he appears to be adamant which is going to hurt the state’s exchequer badly unless an immediate decision is not taken.
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