VIJAYAWADA: The Andhra Pradesh High Court on Tuesday directed the renewable power generating firms, which are opposing the State government’s decision to renegotiate power purchase agreements (PPAs), to approach the Andhra Pradesh Electricity Regulatory Commission (APERC) to raise their objections. The court directed the regulatory commission to resolve the matter in six months.
After reserving the order last week, the court directed the State to pay Rs 2.43 to Rs 2.44 per unit of solar and wind power as an interim tariff until APERC disposes of the matter. It may be recalled that the wind and solar generators moved the court against the government’s order to renegotiate renewable PPAs, contending that higher tariff was burdening the State exchequer.
