More Power Problems in Store for AP?

More Power Problems in Store for Andhra- Pradesh

Central Government seems to be acting stern on YSR Congress Government. The Union Energy Ministry has written a letter to Andhra Pradesh Government to clear all the arrears of Wind and Solar Energy and issue a Letter of Credit to the companies. If at all that is not done, the state will not be allowed to purchase power from Power Exchange India.

The Ministry has imposed a deadline until tomorrow to do this. If letters of credits are given to the companies, they can encash them in 45 days, it will bring a burden of 550 crores to the State. Given that Jagan Mohan Reddy Government is not adhering to PPAs, the government has brought Letters of the Credit system to the Renewable Energy Companies as well.

If at all the ban is imposed on Andhra Pradesh in Power Exchange India, the Power Cuts in the state will become intense. Already, there is a remark in the people that the Power situation has deteriorated under Jagan’s Rule and so, the Chief Minister has to do something about it.

On the other side, Union Finance Minister Nirmala Sitharaman speaking at the India Energy Forum of CERAWeek said, “India will honour energy contractual commitments, investors need not worry”.

Follow @mirchi9 for more User Comments
47 Days ZEE5 Telugu Movie ReviewDon't Miss47 Days Review - Tests your Patience LevelsBOTTOM LINE Tests your Patience Levels OUR RATING 1.25/5 Runtime 1hr 44mins What Is the...Vundavalli Aruna KumarDon't MissTime to Kill 'Undavalli' Factor?Veteran Political Leader, Vundavalli Aruna Kumar who never hesitates to proclaim himself as a well-wisher...Allu Arjun's Smuggling Spot ChosenDon't MissAllu Arjun's Smuggling Spot ChosenAllu Arjun's fans are eagerly awaiting to know how and where the makers of 'Pushpa'...Center Gives Cleanchit to Chandrababu NaiduDon't MissCenter Gives Cleanchit to ChandrababuUnion Jal Shakti Ministry has given a clean chit to the Chandrababu Naidu Government on...Actress Esha Gupta Cracking up Desires With Hot Yoga-Don't MissActress Cracking up Desires With Hot YogaThough it's a yoga pose that must be inspiring many regarding their health and fitness,...
Mirchi9