Andhra govt blames former CM Chandrababu Naidu for power sector’s losses

The Andhra Pradesh government has blamed the previous regime for the loss-making status of the power sector in the state. The Minister of State for Power, Forests and Science, Balineni Srinivasa Reddy, has said the state has to pay arrears not only to non-conventional fuel companies, but also to other power companies.

“More than Rs 18,000 crore of arrears have to be paid for the last 16-18 months. N Chandrababu Naidu (former chief minister) is responsible for the current situation,” the minister said in an emailed statement to Business Standard.

Reddy also said the state government has asked the Centre for subsidised loans to pay these arrears and the request is under consideration. “Chief Minister Y S Jagan Mohan Reddy is implementing non-corrupt and transparent policies and there will be a resurgence of power sector with his policies,” he said.