Andhra govt to press for revised power prices from renewable energy firms

Sets up panel for the purpose, citing Rs 2,636 cr loss due to expensive power purchases; CM directs officials to recover excess payments made towards earlier power purchases

The Andhra Pradesh government has decided to constitute a committee to negotiate a revision in power prices with solar and wind energy producers, as it believes the prices are higher than those determined through competitive bidding conducted for energy procurement by other government agencies.

The decision to constitute a negotiation committee was taken at a review meeting on Tuesday, where Chief Minister Y S Jagan Mohan Reddy said that the state exchequer had incurred a staggering Rs 2,636-crore loss by way of excess payments towards power purchases due to the higher tariff collected by private renewable energy developers.

The government