Wind Projects face major roadblocks in Andhra Pradesh and Karnataka. These account for a quarter of the country’s installed wind capacity. They are now renegotiating or scrapping purchase agreements.
They want power at prices lower than what had been stipulated in contracts already signed, developers said.
“We have lost 75 megawatts of our project pipeline as Karnataka has canceled 400 megawatts of PPAs.”
“There seems to be no other option than taking legal recourse for this,” said Mytrah Energy Ltd. CEO Vikram Kailas.
Andhra Pradesh wants to pay a lower price for wind power projects than what was agreed to for 684 megawatts of capacity.
Bangalore-based Atria Power has lost investments of 1.9 billion rupees ($30 million) to build a 24-megawatt project in Karnataka.
Hero Future Energies Ltd. faces renegotiation of the tariff for its 70 megawatts of commissioned projects out of a planned 120 megawatts in Andhra Pradesh.
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