Since it got here into energy in 2019, the YSR-Congress led authorities has tried to renegotiate photo voltaic and wind Power Purchase Agreements signed and sealed by the earlier state authorities as a result of it maintains the erstwhile authorities (led by the Telugu Desam Party) had signed them at disproportionately excessive charges, alleging there was corruption concerned.
Developers challenged the federal government’s transfer within the Andhra Pradesh High Court. In late 2019, the court docket directed the distribution firms (discoms) to pay a tariff of Rs.2.43 per unit to all wind builders henceforth, the document low wind tariff on the time, until the matter was resolved.
But builders haven’t obtained any cost after March 2020 even at this interim charge, sources stated. Discoms have been citing the Covid-19 disruption as the rationale, however builders really feel that’s an excuse to disclaim professional dues. “Because of these payment defaults, some developers are getting NPA notices,” stated a supply near the event, requesting anonymity.
IWPA has filed the IA in an effort to get an pressing itemizing of the matter. Developers have additionally individually tried to switch their circumstances to the Supreme Court as a result of the High Court has been listening to only a few renewable energy-related issues for the reason that begin of the pandemic. IWPA didn’t reply to queries as of press time Sunday.