After the YSRCP formed the Government in Andhra Pradesh , this is the first time Given a Review shock to the Union government . YS Jagan government has opposed the Center’s encourage to not audit the Power Purchase Agreements (PPAs) done by the past government. As opposed to the inform with respect to the Secretary of Union New and Renewable vitality Anand Kumar, YS Jagan Mohan Reddy felt free to arrange for a nitty gritty survey of PPAs asserting that Rs 2636 Crore misfortune was acquired to the state exchequer.Jagan-drove AP state government has even expressed that it would make lawful move against the individuals who consider in charge of the misfortune to open money.
To investigate the supposed anomalies in PPAs including sustainable power source undertakings of wind and sun powered, Jagan requested the authorities to look for the help of ACB, CID, watchfulness and authorization directorate . This is the second time over the most recent 15 years that the PPAs went into by Chandrababu Naidu government are being surveyed. \
Prior 10 years back, at that point CM late YS Rajasekhar Reddy had requested for the review of PPAs went into by Chandrababu Naidu and the result by Rosaiah panel was not all that much. Political experts opine that even Jagan’s administration couldn’t accomplish much by looking into the PPAs since the PPAs were affirmed by the Regulatory Commissions.
It tends to be noticed that Union Renewable Energy Secretary Anand Kumar had composed a letter to AP Chief Secretary LV Subramanyam and communicated genuine worries over the audit of PPAs. He had expressed that returning to the PPAs would shake the certainty of the financial specialists in the part and antagonistically influences the future offers and interests in the state and the nation. Despite his exhort, AP state government has requested to review the PPAs. This is for sure Jagan’s stunner to the Center.