Days after the Andhra Pradesh chief minister ordered the demolition of "Praja Vedika," Jagan Mohan Reddy has now turned his eyes towards the previous government's Power Purchase Agreements (PPAs).
Amaravati: Andhra Pradesh chief minister Jagan Mohan Reddy on Wednesday (June 26) reportedly said that the previous Chandrababu Naidu-led Telugu Desam Party (TDP) had signed for Power Purchase Agreements (PPAs) which, he remarked, was an act of "massive corruption" by the government.
According to reports, Jagan said that he found that former chief minister Chandrababu Naidu's government had made excess payments of more than two thousand crore rupees to the producers of solar and wind power while reviewing the deals undertaken by the power and fuel departments.
The chief minister also said that the expense had caused a massive loss to the state. After the review, Jagan ordered a probe into the alleged corrupt deals.
Later, Jagan reportedly enquired with concerned authorities regarding the purchases made at prices which were exorbitantly more than the lower bidding prices.
He also formed a committee to renegotiate with solar and wind power producing companies and ordered dropping the concept of PPAs if they are not productive and profitable. Jagan further said that he would take legal action on ministers involved in the deal and instructed authorities to be transparent with PPAs.
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Last Updated 27, Jun 2019, 12:57 PM