{"id":286606,"date":"2019-08-08T05:00:28","date_gmt":"2019-08-08T05:00:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286606"},"modified":"2019-08-08T05:09:09","modified_gmt":"2019-08-08T05:09:09","slug":"renewable-power-firms-stare-at-bleak-cash-flows-defaults-in-andhra-pradesh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renewable-power-firms-stare-at-bleak-cash-flows-defaults-in-andhra-pradesh\/","title":{"rendered":"Renewable power firms stare at bleak cash flows, defaults in Andhra Pradesh"},"content":{"rendered":"<p>Renewable power project developers are staring at weak cash flows from their projects in Andhra Pradesh.<\/p>\n<p>Not paid by the state for a year already, these companies fear that payment will remain stalled till legal clarity emerges on the state&#8217;s decision to renegotiate tariff of all renewable projects.<\/p>\n<p>Sector executives said that the unpaid dues total up to Rs 7,000 crore for the past year.<\/p>\n<p>&#8220;Through this highly illegal and non-contractual decision to review and bring down tariff, Andhra has landed a lot of players in the soup. Dues of more than Rs 7,000 crore were already there. Owing to the weak cash flow, a lot of smaller companies are staring at a default,&#8221; said a senior executive of a leading renewable company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renewable power project developers are staring at weak cash flows from their projects in Andhra Pradesh. Not paid by the state for a year already, these companies fear that payment will remain stalled till legal clarity emerges on the state&#8217;s decision to renegotiate tariff of all renewable projects. Sector executives said that the unpaid dues total up to Rs 7,000 crore for the past year. &#8220;Through this highly illegal and non-contractual decision to review and bring down tariff, Andhra has landed a lot of players in the soup. Dues of more than Rs 7,000 crore were already there. Owing to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-286606","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286606"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286606\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}