Center Gives Cleanchit to Chandrababu on Power PPAs?

Center Gives Cleanchit to Chandrababu Naidu on Power PPAsChief Minister YS Jagan Mohan Reddy alleged irregularities in the PPAs of Renewable Energy during Chandrababu Naidu’s regime and issued orders to revisit the agreements. The concerned Union Ministry already wrote to the Chief Secretary of Andhra Pradesh against such move as it will kill investors’ confidence and stop the investments in the country.

Even after that, the state government decided to move forward. Jagan constituted a committee to relook into the signed PPAs and negotiate with the companies. He even warned to cancel the agreements signed if they do not budge. Now, Minister of State for Power and New & Renewable Energy, RK Singh directly wrote a letter to the Chief Minister.

He once again ratified that there is no faulty in the PPAs signed and he should backtrack from the plans of renegotiating the PPAs. This will send wrong signals and the investment will dry up and the growth will come to a halt, the Minister warned in his letter to the Chief Minister.

It has to be seen if Jagan will reconsider this as taking a back step will help the Opposition to score a political point.

Follow @mirchi9 for more User Comments
Don't MissFans Serious Warning to NTRRight after NTR's elder brother passed away in a car accident, NTR has been telling...Dear--Comrade-Feeling-The-Heat-From-iSmart-ShankarDon't MissDear Comrade Feeling The Heat From iSmart Shankar?Sometimes all eyes are one film, and then another comes out of nowhere are steals...Chiranjeevi Son in Law Kalyaan Dhev Didn't Give up Yet!Don't MissChiru's Son in Law Didn't Give up Yet!Megastar Chiranjeevi son-in-law, Kalyaan Dhev's debut movie 'Vijetha' was a washout, to be frank, a...Don't MissHit In Three Days - Where Will iSmart Shankar End?The Ram starrer Ismart Shankar has brought back the glimpses of Puri Jagannadh of the...World Bank To Fund Jagan's Navaratnalu, Sakshi ClaimsDon't MissWorld Bank To Fund Jagan's Navaratnalu, Sakshi ClaimsIt is known to our readers that World Bank has dropped the proposed 300 Million...
Mirchi9