Andhra govt's move to review PPAs affected investment: Centre
Latest News
bookmarkBOOKMARK

Andhra govt's move to review PPAs affected investment: Centre

By News Minute calender  29-Nov-2019

Andhra govt's move to review PPAs affected investment: Centre

  • On Thursday, the Centre said that the AP government's decision to re-negotiate power purchase agreements (PPAs) had not gone down well with investors.
     
  • The statement added that it had adversely affected investment in the county and the state.
     
  • Responding to a query, Minister RK Singh, said that the Andhra Pradesh government's decision to reopen and renegotiate PPAs had 'violated the sanctity' of the contracts and 'affected the climate for investments'.  
     
  • The MoS also said that the Centre had repeatedly advised the state government against going ahead with its move as the agreements should be considered inviolable. 
     
  • Let us tell you, PPAs are agreements made between a company that generates electricity and a power purchaser. 

    ALSO READ: Kadapa steel plant: Jagan discards Naidu's plan, to lay foundation at the new location

MOLITICS SURVEY

क्या सरकार को हैदराबाद गैंगरेप केस एनकाउंटर की जांच करानी चाहिए?

हां
  38.1%
नहीं
  61.9%

TOTAL RESPONSES : 21

Raise Your Voice
Raise Your Voice 

Suffering From Problem In Your Area ? Now Its Time To Raise Your Voice And Make Everyone Know