Business Standard

Jagan Reddy alleges 'massive corruption' in agreements signed by Naidu govt, orders probe


ANI Politics
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday alleged 'massive corruption' in Power Purchase Agreements (PPAs) signed by the previous TDP government.
During the review of deals undertaken by the power and fuel departments, the Chief Minister said it was found that former Chandrababu Naidu government had made excess payments to the tune of Rs 2,636 crore to the producers of solar and wind power, which caused huge losses to the state. Jagan has ordered a probe into the alleged corrupt deals.
The Chief Minister also enquired from the concerned department authorities about the purchases made at prices which were exorbitantly more than the cheaper bidding prices.
Jagan set a committee to renegotiate with solar and wind power producing companies and ordered cancelling the PPAs if they are not fruitful.
He said he will take legal action on ministers involved in the deal and asked the authorities to do PPAs in a transparent manner.
On Monday, Reddy had ordered the demolition of 'Praja Vedika' building, which was constructed by the previous TDP government in the state, claiming that the hall was constructed illegally and violated many acts.
The process to demolish the public grievance hall had begun on Tuesday evening.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 26 2019 | 6:23 PM IST

Explore News