Several Power Projects Hits A Roadblock Following PPAs Review

Several Power Projects Hits A Roadblock Following PPAs ReviewYS Jagan Mohan Reddy Government in Andhra Pradesh had taken the controversial decision to review the PPAs and brought the power purchases to Zero. This has shaken investor confidence. The center has warned about serious consequences on the investments into the country with this decision but Jagan Government would not budge.

Finally, the Central Government’s worst fears have come true. It is said that the decision to review the PPAs has stalled grounding of new power projects proposed to add close to 3,310 MW both in private and government sectors. Wind Power Projects that were supposed to add about 2400 MW capacity by 2019-20 with a whopping 14,400 Crore investments were scrapped.

During the Chandrababu Naidu‘s regime between 2014 and 2019, Anantapur district added an installed capacity of 3531.25 MW out of which solar power projects accounted for 992.20MW with an investment of 6449.3 Crore. The total 3531.25 MW Capacity brought 22,953.13 Crore investment.

The investors are worried about the sanctity of the legal contracts if the subsequent governments do not honor them and so are skeptical about investing in Andhra Pradesh. The repercussions are already being felt in the projects of the other states as well.

Follow Mirchi9 on Google News

This Week Releases on OTT – Check ‘Rating’ Filter

Hiring Content Writer: We are looking to hire a ‘Telugu’ content writer. Send your sample articles to [email protected]

Inside Story: Who Prepared Pawan Kalyan's Speech?Don't MissInside Story: Who Prepared Pawan Kalyan's Speech?We media usually address Pawan Kalyan as Powerstar while writing film news and as Janasena...Rana NaiduDon't MissVenkatesh And Rana Together For Netflix Web SeriesThe dream of Daggubati fans has finally come true as Rana and Venkatesh Daggubati are...Love Story All set For Record-Breaking Openings!Don't MissLove Story All set For Record-Breaking Openings!Love Story starring Naga Chaitanya and Sai Pallavi is undoubtedly the biggest Telugu release post...List of New Title Premiering On OTT September 2021 Last WeekDon't MissList Of New Titles Premiering On OTT This WeekHere is the list of new titles premiering on top OTT platforms like Netflix, Amazon...Three Different Targets For Love Story TrioDon't MissThree Different Targets For Love Story TrioNaga Chaitanya and Sai Pallavi starrer Love Story is all set to hit the silver...

Mirchi9