Minister Buggana responds to Atchannaidu’s question on PPAs in Assembly

TDP deputy floor leader Atchannaidu on Wednesday raised the issue of the YSRCP government cancelling purchase agreements with solar and wind power companies in the Assembly. Responding to the matter, Finance Minister Buggana Rajendranath Reddy has revealed that the Chandrababu government had entered into the agreement with 42 wind power producing companies on the condition of paying Rs 4.83 paise per unit despite knowing that unit price would fall to Rs 2.45 paise in the future. He made it clear that his government only reviewed wind power purchase agreements and not solar as told by Atchannaidu.