Power tariff regulator stays Andhra Pradesh’s decision to slash Greenko’s PPA
MUMBAI: The Andhra Pradesh government’s decision to renegotiate power purchase agreements (PPAs) with several independent power developers has been stayed by the Appellate Tribunal for Electricity (Aptel) in a decision taken on Wednesday.
The appeal had been made by a subsidiary of renewable energy company Greenko when the Andhra Pradesh power distribution utility decided to slash Greenko’s tariff from ₹3.74 per kWh to ₹2.44 per kWh retrospectively from October 27, 2017. The Aptel directed the discom to continue making payments to Greenko at the earlier rate of Rs3.74 per kWh. The case will be heard again on August 26.
