Power Purchase Agreement Andhra Pradesh

Posted by Admin on Apr 11, 2021 in Uncategorized |

The aim is to put an end to the solar and wind PPAs that were set up by the N Chandrababu Naidu government government of YS Jagan Mohan Reddy. Following the AP government`s decision to cancel the AAEs, the case was referred to the AP High Court (APHC). In response to a mint question Wednesday at a conference in New Delhi, the trade union power and the minister of new and renewable energy, Minister Raj Kumar Singh said he had seen a communication in which the Andhra Pradesh government clarified that it will not open all electricity purchase agreements (PPAs), but only in cases where abuses are found. Subsequently, Singh wrote to Reddy and stated that this approach could set a precedent, call into question the privacy of PPPs and affect foreign investment. Reddy replied that the AAEs launched by the previous government had benefited from only three major players and that electricity costs had been purchased at rates higher than normal rates, which weighed heavily on the public finances. And why? On July 1, Jagan stated that it would review and renegotiate the electricity mooring contracts (PPPs) concluded during the time of Naidus. AAEs are agreements between a company that produces electricity and a buyer of electricity. In fact, the government is trying to withdraw 21 AAEs from companies using renewable energy. One of the disputes is that of SB Energy, a joint venture of the Japanese companies Softbank, Foxconn and Bharti Airtel. A week earlier, Jagan ordered legal action against Naidu as part of the agreements and claimed that the agreements had caused a loss of 2,636 kronor to the public treasury and asked officials to take steps to recover the amount. He also ordered legal action against the then minister of energy and senior officials who participated in the signing of the agreements. “For consumers to be supplied with affordable electricity and for LESCOMS to be removed from the financial emergency, contracts to purchase wind and solar energy (AAE) at exorbitant prices must be reviewed and renegotiated,” he said in the GO study.

The problem began when andhra`s Chief Minister, Jagan, said he would review and renegotiate the power purchase contracts concluded during Naidus time. “Under the guise of complying with renewable energy purchase obligations (RPPs), which require renewable energy consumption of 5 to 11%, AP has purchased about 23 percent of high-cost renewable energy, which weighs heavily on public finances,” he said. A memo filed by Andhra Pradesh Southern Power Distribution Company Limited on July 27 indicated that, given the financial situation, AP DISCOMS had decided to withdraw from its PPAs with Suzlon and Axis Energy customers and their customers. “… Since the AAEs have not yet been approved, this is not applicable and the SPGPDCL is free to withdraw the same thing and therefore seeks permission to withdraw the 21 nos.

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