Renewable energy companies urge Andhra Pradesh high court to expedite hearing
Renewable energy companies, solar and wind, with Power Purchase Agreements (PPAs) with the state government, have urged the Andhra Pradesh high court to expedite the hearing on the batch of petitions filed challenging the single judge order. The companies told the high court that they have been facing financial troubles and are on the verge of bankruptcy.
The litigation arose out of the state government’s decision to review the power tariffs and a subsequent GO issued in 2019, forming a committee to renegotiate prices with the companies. The state government had proposed paying Rs 2.44 per unit instead of Rs 4.8 for solar power.
