Jagan government appoints high level negotiation panel to review PPAs of TDP regime
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Jagan government appoints high level negotiation panel to review PPAs of TDP regime

By The New Indian Express calender  02-Jul-2019

Jagan government appoints high level negotiation panel to review PPAs of TDP regime

The YS Jagan Mohan Reddy government in Andhra Pradesh, which earlier announced that it will review the Power Purchase Agreements  entered by the previous TDP government, on Monday constituted a High-Level Negotiation Committee  to negotiate and bring down costs in all the high priced wind and solar power purchase agreements.
After coming to power, Jagan Mohan Reddy alleged irregularities in renewable energy PPAs entered into by the previous TDP regime and claimed that the irregularities cost the government exchequer Rs 2,636 crore loss. Jagan Mohan Reddy even announced that the government would recover the amounts from those responsible for the alleged irregularities in the PPAs including the then energy department officials, energy minister and even the then Chief Minister N Chandrababu Naidu

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