Andhra Pradesh to issue recovery notices to all wind, solar power gencos
The YS Jaganmohan Reddy government in Andhra Pradesh has decided to issue recovery notices to all wind and solar power generating companies for what it terms as the loss they caused to distribution companies.
In an order, the government also directed its electricity distributors to cancel short-term power purchase agreements with Lanco InfratechNSE -14.29 % and Spectrum group. Gas allotted to the two projects will be reallocated to GMR Energy’s Vemagiri plant. It also cancelled allotment of 5,000 acres to Greenko’s wind solar hybrid project in Anantapur.
