Indian State Reconsidering Buying Power From New Green Projects
- Andhra Pradesh may scrap agreement for projects in pipeline
- State also renegotiating existing agreement for higher tariff
Photographer: Adeel Halim/Bloomberg
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India’s Andhra Pradesh state is considering scrapping its decision to enter into power purchase agreements for all upcoming clean energy projects.
The so-called “in-pipeline” projects under review include 21 wind power plants, a 600 megawatt hybrid project by Siemens Gamesa Renewable Energy SA and another one by Axis Energy Group, according to the minutes of a June 26 meeting by Chief Minister Y.S. Jaganmohan Reddy reviewed by Bloomberg.