The Andhra Pradesh (AP) High Court’s order asking the state’s power discoms to maintain the sanctity of renewable power purchase pacts (PPAs) signed before 2019 will increase their incremental power purchase cost by Rs 10,500 crore for FY22.
The court on March 15 directed the state discoms to honour the terms of the PPAs and clear the pending payments, as per the tariffs agreed under them, within six weeks from the date of the order.
