Ray of hope as Andhra Pradesh starts clearing renewable dues this week

The projects have been battling amplified risks since chief minister Y S Jagan Mohan Reddy soon after taking power last year, decided to set up a committee to renegotiate contracts and stop outstanding dues. As a first step towards reconciliation, Andhra Pradesh power distribution companies are believed to have released around Rs 2,500 crore this week to settle pending payments till June of 2019.

from Energy-Industry-Economic Times https://ift.tt/2QnNMm4