Andhra Pradesh’s Decision to Renegotiate Solar and Wind PPAs Sets Bad Precedent
Renewable energy developers and investors face uncertainty as tariff renegotiation could lead to additional delays in payments from DISCOMs
July 22, 2019
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In a surprise announcement on July 1, 2019, the Andhra Pradesh government said it was going to review the power purchase agreements (PPAs) signed between the state’s electricity distribution companies (DISCOM) and power generators to renegotiate tariffs. This decision has alarmed power producers, investors, policymakers, and legal experts. Ever since the announcement, a political back and forth has unfolded between the state and the center.
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