Revoking PPAs with renewable developers will undermine national climate and air pollution goals and lock in higher electricity costs for the state by jeopardizing new renewable projects.
Legal decision is the latest blow to new chief minister Jaganmohan Reddy’s determined attempt to reverse the clean energy gains made by his predecessor N Chandrababu Naidu.
The ground-mounted plant—located at the Kadapa cement manufacturing facility in Andhra Pradesh—was completed in a record two months for captive electricity consumption.
The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
The chargers will be set up in six cities (Agra, Bengaluru, Goa, Hyderabad, Ranchi, Shimla) and along Delhi-Jaipur-Agra-Delhi and Mumbai-Pune-Mumbai highways.
After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.
Having won a 100 MW floating solar project last month, state-owned Bharat Heavy Electricals Limited has added another 25 MW from NTPC to emerge as the largest EPC player in India’s floating solar segment.
The move is the latest attempt by the newly-elected state government to reverse renewable energy commitments made under the previous administration.
The ‘inverted umbrella’ shaped canopies use monocrystalline flexible solar panels on top to generate electricity for functions like mobile and laptop charging, and lighting.
The high-level committee formed by Andhra Pradesh government to review and renegotiate the signed power purchase agreements with wind and solar power developers has the potential to impair the cash flows of projects in the sector.
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