The Electricity Appellate Tribunal ordered the AP government not to cancel the Power Purchase Agreements reached with the solar power companies. It also said that there is no necessity for conducting any public hearing on this aspect. The Tribunal gave orders to this effect to the Andhra Pradesh Electricity Regulatory Commission (ERC).
The Tribunal responded based on the petitions filed by solar power companies having units in the Kadapa and Anantapur districts. Three companies named SBE, Ayana and Sping made this petition.
The Tribunal order came as a big shock to AP. The Centre had already taken serious objection to the Jaganmohan Reddy government’s decision on PPAs. The Central Government officials have cautioned that YCP Government’s action will hurt future investments not just in AP but in the entire country.
Responding on the Tribunal order, the TDP asked CM Jaganmohan Reddy to open his eyes at least now and stop the reverse governance in the state.