In a breather for clean energy firms involved in over 7,500 Mw of renewable power projects, the Andhra Pradesh High Court on Thursday stayed the proceedings of a state government’s committee looking to cancel all such work awarded in the state. The stay is for four weeks, after which the high court will look into the legality of the decision of the state government to lower the tariff of all renewable projects awarded under the previous regime.
The newly formed YSR Congress-led government had formed a high-level negotiation committee (HLNC) to “review, negotiate and bring down” the tariff of all competitively bid and won renewable power projects in Andhra Pradesh.
