AP Government Offers Revision in Tariffs

It is learnt that Government of Andhra Pradesh has indicated its willingness to renegotiate clean energy tariffs with developers, quoting an initial figure of Rs. 2.43 per unit and Rs. 2.44 per unit for wind and solar power tariffs respectively. Andhra Pradesh is trying to rework power purchase agreements (PPAs) signed by the previous government for wind and solar power with average tariffs (FY14) of Rs. 4.70 per unit and Rs. 5.8 per unit, respectively.