NTPC Kudgi project PPA caused loss to exchequer, alleges AP Power Minister

The power purchase agreement that Andhra Pradesh entered into with NTPC Kudgi Thermal power plant, during the N Chandrababu government, was at exorbitant rates, alleged Andhra Pradesh Energy Minister Balineni Srinivasa Reddy.

Addressing media, Reddy alleged the PPA was signed at ₹11.68 per unit when solar wind power was available at ₹4.80 per unit causing a huge loss to public exchequer.

Seeking to highlight “irregularities,” the Minister said 392 million units (MU) were purchased during 2019 at inflated rates and ₹317 crore was the fixed cost paid irrespective of the quantum of power the State purchased.