RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

SJVN Green Energy Invites Bids to Source Land for 200 MW Solar Projects in Assam

Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

Apple Partners with CleanMax to Power India Operations with Renewable Energy

Explainer: Application Process for ALMM Inclusion and Renewal

<p>Andhra Pradesh Southern Power Distribution Company’s (<a href="https://www.apspdcl.in/" target="_blank" rel="noopener noreferrer">APSPDCL</a>) decision to revise solar and wind tariffs have been dealt another blow. In a significant order that reviewed writ petitions by nine developers, the Amaravathi High Court has put a stay order on the implementation of the state DISCOM’s letter seeking a revision in the power purchase agreement (PPA) for the solar PV and wind projects.</p>
<p>The stay will be in place until August 22, 2019, after which the court will hear the matter. The written court order is likely to be published and made available later in the day.</p>
<p>As reported previously by Mercom, these nine renewable energy project developers that <a href="https://mercomindia.com/ppa-renewable-high-court-andhra-discom-petition/">approached</a> the court are: ReNew Power, Azure Power, ACME Solar, Axis Wind Farms, Khandke Wind Energy, Vena Energy Power, Ecoren Energy, Vayu Urja Bharat and Waneep Solar (special purpose vehicles of Hero Future Energies).</p>
<p>This is the second stay order on the implementation of this letter issued by the state DISCOM which renewable developers have termed as ‘draconian.’</p>
<p><a href="https://mercomindia.com/greenko-stay-order-andhra-pradesh-solar-tariff/" target="_blank" rel="noopener noreferrer">Recently</a>, on project developer Greenko’s request, the Appellate Tribunal for Electricity (<a href="http://aptel.gov.in/index.htm" target="_blank" rel="noopener noreferrer">APTEL</a>) also put a stay order on the implementation of APSPDCL’s letter seeking a revision in the PPA for a solar project executed by SEI Green Flash Private Limited, SEI Aroshi, and SEI Rain Coke, which are SPVs of Greenko.</p>
<p>With this development, it has become clear that the developers and owners of solar and wind projects will not back down from claiming what is lawfully theirs. After APSPDCL wrote to the <a href="https://mercomindia.com/revise-tariff-solar-discoms-ppa-andhra-seci/" target="_blank" rel="noopener noreferrer">Solar Energy Corporation of India (SECI)</a> and the <a href="https://mercomindia.com/seci-andhra-ntpc-tariff-solar/" target="_blank" rel="noopener noreferrer">National Thermal Power Corporation (NTPC)</a> asking for a revision of tariff in the PPA and PSA to ₹2.44 (~$0.036)/kWh, they <a href="https://mercomindia.com/seci-ntpc-andhra-discom-solar-tariff/" target="_blank" rel="noopener noreferrer">refused to comply</a> as well.</p>
<p>These letters come on the heels of state’s new chief minister Jaganmohan Reddy’s newly-formed <a href="https://mercomindia.com/mnre-andhra-pradesh-committee-solar-wind-ppa/">committee</a> to deliberate and bring down the costs in all the high-priced Power Purchase Agreements for wind and solar power projects signed during the term of the previous Chandrababu Naidu-led government, alleging corruption.</p>
<p>Following the state’s surprise move, the Power Minister wrote to the chief minister asking him to exercise restraint in the matter so as to not <a href="https://mercomindia.com/r-k-singh-andhra-pradesh-c-m-solar-wind-ppa/" target="_blank" rel="noopener noreferrer">hurt investor interests</a> in the state. However, the state has gone ahead with its decision, making the developers seek legal support.</p>
<p>Commenting on the developments in Andhra, Raj Prabhu, the CEO of Mercom Capital Group, recently predicted that this entire mess would end up in the courts unless the Andhra government took the advice of MNRE and the Power Minister to not go ahead with tariff renegotiations.</p>
<p>“Now we wait to see if the case is resolved in the high court or if this goes all the way to the Supreme Court. This is one of the most consequential legal cases that the renewable energy industry in India has faced to date. The result will have a wide-ranging impact and decide if the contracts are sacrosanct in India and clear the clouds of uncertainty for the investment community once and for all,”  commented Prabhu.</p>
<p>Image credit: EDF Renouvelables</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
</div></div><div class="clearfix"></div></div></div>

Andhra High Court Imposes Stay Order on State’s Move to Reduce Solar & Wind Tariffs

amravathi

Get the most relevant India solar and clean energy news.

RECENT POSTS