High Court stays Andhra Pradesh Govt plan to review renewable energy PPAs
The Andhra Pradesh High Court has stayed the State government’s move to review power purchase agreements of renewable energy companies.
Justice M Ganga Rao, while dealing with a batch of petitions moved by wind and solar energy companies against the operation of the Government directed renegotiation of PPAs, granted a stay and posted the matter for further hearing on August 22.
The State government passed GO No 63 on July 1 appointing a High Power Committee for renegotiation of PPAs and on July 12, the AP Southern Power Distribution Company Ltd served notices to various companies asking them to come for renegotiation and also bring down the tariff for power supply by issuing new bills.
