The Ministry of New and Renewable Energy has written to the Andhra Pradesh government seeking continuity of existing power purchase agreements (PPAs).
“Revisiting PPAs shakes the confidence of investors in the sector and adversely affects the future bids and investment in the State and the country. I shall be grateful if you could kindly apprise the Chief Minister of the above facts,” Anand Kumar, Secretary, Ministry of New and Renewable Energy said in a letter to LV Subramanyam, Chief Secretary at the Government of Andhra Pradesh. Kumar said he was writing this letter after reports stating that the AP government is objecting to the price at which solar and wind energy is being procured by the State.
