Renewable firms can take discoms to NCLT: Power ministry to Andhra govt

Renewable power project developers are staring at weak cash flows from their projects in Andhra Pradesh

Fearing loan default and burgeoning stress in the renewable energy sector, Union Minister for Power and New and Renewable Energy R K Singh has asked the Andhra Pradesh government to clear dues of power projects at the earliest.

In a latest letter to Andhra Pradesh Chief Minister Y S R Jagan Mohan Reddy, Singh said the delayed payment by the state could land its own power distribution companies (discoms) in the soup.

“Due to non-payment of dues, it is likely that many of the renewable power producers would default in making payment to the Indian Renewable Energy Development Agency and other financial