Clean energy firms move HC against Andhra govt decision to renegotiate PPAs
A clutch of several renewable power producers have challenged the Andhra Pradesh government move to renegotiate power purchase agreements (PPAs) which could see a downward revision of current tariffs, two people aware of the development said. These companies filed a writ petition in the Andhra Pradesh high court on Wednesday seeking a stay on the state government’s 1 July order, the people cited above said on condition of anonymity.
Private renewable energy companies with substantial presence in the state include ReNew Power, ACME Solar, Greenko Energy Holdings and Mytrah Energy India Ltd.
Andhra Pradesh has been in the forefront among states in setting up green power with commissioned capacity of 7.2 gigawatts, with solar at 3.2GW and wind at over 3.9GW.
