The regulatory filings made by the state government to the Andhra Pradesh Electricity Regulatory Commission (APERC) and Central Electricity Regulatory Commission (CERC) between 2021 and 2024 reveal the terms of the power sale-purchase agreements which stated rural areas in Andhra would get nine hours of free electricity from the said project.
The Andhra government spokesperson did not respond to an emailed query on the fiscal impact of providing 7 Gw of free power to rural areas.
The power sale agreement (PSA), originally signed by the Andhra government with Adani Green and Azure Power, said: "The primary objective of procurement of solar power under the terms of this tripartite PSA is to provide nine-hour daytime free power to farmers envisaged under the policy of the government of Andhra Pradesh June 2020 while also contributing towards the target of realising 500 GW renewable energy fixed by the Government of India."
The tripartite PSA is between the Andhra Pradesh government, Adani Green and Solar Energy Corporation of India (SECI), which is a public sector company under the new and renewable energy ministry.
Esta historia es de la edición December 04, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 04, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
PhonePe eyes replicating UPI success via diversification
Fintech major PhonePe is strengthening its presence across key financial verticals—payments, lending, insurance, and wealth management—as it aims to replicate its success in the Unified Payments Interface (UPI) space across other domains.
Akasa Air seeks DGCA exemption from fog mandate
Akasa Air has asked the Directorate General of Civil Aviation (DGCA) to exempt it from deploying CAT-III trained pilots on flights to and from two major fog-affected airports, Kolkata and Bengaluru, for specific periods, since there is a shortage of such pilots in its roster, sources told Business Standard.
Hope govt brings down tax burden on aerated beverage category: IBA
The Indian Beverage Association (IBA) on Wednesday said it is hopeful that the 12 per cent cess on the carbonated beverages category is waived off in 2026, bringing down the tax on the category to 28 per cent.
Hero rides sub-₹1 lakh e2W wave with Vida V2
Competition heats up in this space
Paints not a commodity play; brand plays a key role
Competition is intensifying in the decorative paints segment. Berger Paints India, the country's second-largest paint manufacturer, plans to hold on to its share in the face of challenges. Abhijit Roy, managing director and chief executive officer of Berger, spoke to Ishita Ayan Dutt in Kolkata about his 100-year-old company's plans and why price is \"not the only game in town\" in the industry. Edited excerpts:
42 and counting: Dhoni top scorer on the brand pitch
At 43, Mahendra Singh Dhoni remains the crown jewel of Indian brand endorsements, defying the twilight of his cricketing career.
Sebi: Not mandatory for specified digital platforms to register
The Securities and Exchange Board of India (Sebi) on Wednesday clarified that specified digital platforms (SDPs) are not required to register with the market regulator.
Charging up at Honda: Elevate-like EV for FY27 rollout
Honda Cars India (HCIL) plans to launch three new models in India in 2026-27 (FY27), including its first electric car (e-car), President and Chief Executive Officer (CEO) Takuya Tsumura told Business Standard on Wednesday.
Israel looking for collaboration with India Inc, startups
As Israel and India work on deepening their trade relations, a high-profile delegation of Israeli chief executives, led by that country's economy and industry minister, Nir Barkat, is scheduled to visit India in January.
Direct plans make up 40% of SIPs now
Online investment platforms are rapidly reshaping the mutual fund (MF) distribution landscape.
