AP asks Centre to bear Rs 5000 cr losses: PPAs

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AP Minister Balineni Srinivas Reddy dashed off a strongly worded letter to Union Power Minister RK Singh. He asked the Centre to get ready to bear the huge losses being suffered by Andhra because of the PPAs with the solar companies. According to him, AP has been buying power from solar companies at a higher price. Because of this, the state is suffering losses to the tune of Rs 5000 Cr.

Jagan Regime has apparently begun to go for a showdown with the Centre by not honouring the PPAs. Srinivas Reddy letter came just a day after Union Power Minister RK Singh spoke strongly against dishonouring the PPAs.

Now, it’s clear that the Jagan Reddy government is determined to collide head-on with the Modi government which is having ambitious plans to increase solar power generation multiple times to meet rising future demand.

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