Of the total dues of Rs 1,450 crore towards renewable energy projects, state government has paid Rs 355 crore and is awaiting funding from central agencies to pay off the balance, said the affidavit by the state in the HC. Business Standard has reviewed the affidavit. Project developers have alleged that they have not been paid for over 6-8 months.
The matter refers to the legal fight between state government of Andhra Pradesh
and project developers over decision of the State to reduce the power rates of all renewable projects.
The YSR Congress government in Andhra Pradesh
in July formed a high-level negotiation committee (HLNC) to “review, negotiate and bring down” the tariff of all renewable power projects that had been given out by the previous Telugu Desam Party government.
It cited poor financial health of its discoms for the revision. As the companies protested against this decision, the state government curtailed the purchase of renewable power.
Renewable power project developers in the state moved the Andhra Pradesh High Court, which ruled in favour of the companies. In an order on September 24, the court dismissed the HLNC. Despite that, the state has continued to curtail power purchase from renewable projects.
The government has filed a review petition before the high court against its earlier order.
The renewable power project developers also moved the AP Electricity Regulatory Commission (APERC) against the government which will decide on the tariff of these plants.