Andhra govt softens stand on power purchase agreements signed TDP: R K Singh
New Delhi: The YS Jagan Mohan Reddy-led Andhra Pradesh government has softened its stand on the controversial plan to reopen the power purchase agreements inked under the previous TDP government. In response to a Mint’s question on Wednesday at a conference in New Delhi, union power and new and renewable energy minister Raj Kumar Singh said that he has seen a communication wherein the Andhra Pradesh state government has clarified that they will not open all power purchase agreements, but only in those cases where malfeasance is established. The Andhra Pradesh chief minister had recently met the Prime Minister Narendra Modi in the backdrop of National Democratic Alliance government pulling out all stops to impress upon the state government to not cancel the previous Telugu Desam Party’ -led government’s decision to ink PPAs for the projects in the so called “in- pipeline,” as it would have a wide ranging impact on foreign investments. In an attempt to diffuse the brewing legal crisis in Andhra Pradesh that may derail India’s clean energy run, union power minister Raj Kumar Singh had written to the state government citing a danger of investor confidence erosion.
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