The National Democratic Alliance (NDA) government is looking to ensure that Andhra Pradesh chief minister and YSR Congress Party (YSRCP) chief Y.S. Jagan Mohan Reddy does not default on payments to clean energy developers.
The Centre has pulled out all stops to impress upon the state government not to cancel the power purchase agreements (PPAs) inked by the previous Telugu Desam Party (TDP) government.
As part of its move, it also plans to take legal recourse under the Electricity Act of 2003, which states that power offtake can only be curtailed for safety reasons.
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The National Democratic Alliance (NDA) government is looking to ensure that Andhra Pradesh chief minister and YSR Congress Party (YSRCP) chief Y.S. Jagan Mohan Reddy does not default on payments to clean energy developers. The Centre has pulled out all stops to impress upon the state government not to cancel the power purchase agreements (PPAs) inked by the previous Telugu Desam Party (TDP) government. As part of its move, it also plans to take legal recourse under the Electricity Act of 2003, which states that power offtake can only be curtailed for safety reasons.
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