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Power contracts can’t be junked but renegotiation needed: Andhra Pradesh


NEW DELHI: Andhra Pradesh government has told in the high court it has realised that renewable power contracts with developers cannot be terminated and was embarrassed by its move towards this, but said power purchase agreements need to be renegotiated.

State advocate general S Sriram told the court that consultation and negotiation contemplated in a July 1 government order have not materialised and that the tariff revision will now be pursued by the state’s electricity commission, subject to high court’s decision, people present during the hearing on Thursday told ET.

The order had directed a high-level committee to ...


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