VIJAYAWADA: Amid reports that foreign investors threatened to drag Andhra Pradesh to international arbitration for ‘cancelling’ renewable power purchase agreements (PPAs), key officials from the State energy department quashed the reports stating that no agreements were junked as claimed.
The government also maintained that it was proceeding as per the law and payments were being made to the generators as directed by the High Court.
“We have not scrapped any solar or wind PPAs so far. There was a move to renegotiate and review, but not terminate them. The review is being done as per the High Court’s order,” a senior official from APTRANSCO told TNIE.
