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AP government order may spell the demise of high tariff renewable companies
Jul 12: The Government of Andhra Pradesh issued a notification forming a high-level negotiation committee (HLNC) to review, negotiate and bring down the cost of wind and solar power purchase agreements (PPAs) tied-up by the state distribution utilities (discoms).
8The functions of the committee include a) to review the high cost wind and solar agreements, b) to negotiate and bring down the prices of wind and solar power PPAs and c) to make suitable recommendations.
8The committee is to be guided by the lowest wind and solar power rates in the corresponding years, prevailing rates and opportunity cost of power purchase for the discoms.
 Comment: Such reviews, if they become nationwide, will cast a shadow on renewable energy companies with high tariffs
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