NEW DELHI: The Y.S. Jagan Mohan Reddy-led Andhra Pradesh government’s controversial plan to reopen power purchase agreements (PPAs) inked under the previous TDP government could bring 5.2 giga watts (GW) solar and wind energy projects with an estimated debt exposure of over ₹21,000 crore under stress, ratings agency CRISIL said in a report on Tuesday.
The move that has caught the attention of the Centre and investors could also aggravate the problem of delayed payments from distribution companies (discoms), the report said and added that around ₹10,600 crore may be at an immediate risk of default.
