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All Power PPAs Of TDP govt exorbitant,says Kallam

All Power PPAs Of TDP govt exorbitant,says Kallam

All Power PPAs Of TDP govt exorbitant,says Kallam
July 15
15:17 2019

Chandrababu government had in its power management heavily favoured friendly companies by giving them high PPAs for huge kick backs .
In all 131 PPAs , 70 percent of them held by five companies have burdened Discoms in Andhra Pradesh with ₹20,000 crore losss.
The PPAs were exorbitant and not transparent .In 2010 the solar power was quoted at ₹18 but now just ₹2.45 per unit.Similarly the wind power PPA was at ₹4.25 then is now just ₹0.45 per unit .
This was disclosed by AP government advisor on power Ajay
Kalam on Monday.
He says that the TDP had launched a wrong Propanganda that Revocatoln Of high rated PPAs would offset investors to state . All these show there was no transparency in the power agreements entered by Chandrababu regime .
Kalam says that CM Jagan was trying to block misuse of tax payers money .All Discoms borrowed heavily to fund the fuel charges which were as high as 26.6 high .

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