Appellate tribunal stalls Axis Energy’s PPA withdrawal
The Appellate Tribunal for Electricity (APTEL) has restrained Andhra Pradesh’s power regulator from withdrawing approval for power purchase agreements (PPAs) signed with renewable energy developer Axis Energy.
Axis had signed 21 contracts with Andhra’s discom for procuring 776 MW of wind capacity.
Following the new state government’s decision to review all PPAs signed by the previous regime with wind and solar
