Latest news with #PayyavulaKeshav
New Indian Express
3 days ago
- Business
- New Indian Express
AP HC seeks SECI affidavit on solar power rates amid row over AP's 7,000 MW deal
VIJAYAWADA: The High Court on Wednesday directed the Solar Energy Corporation of India (SECI) to submit a detailed affidavit clarifying the rates at which it supplied solar power to other States at the time the Andhra Pradesh government agreed to purchase 7,000 MW of solar power at Rs 2.49 per unit. The court also instructed SECI to provide details of orders issued by the Andhra Pradesh Electricity Regulatory Commission (APERC) in this regard. Further hearing was adjourned to September 3. The directive came during the hearing of public interest litigations (PILs) filed separately by TDP leader and current Finance Minister Payyavula Keshav and CPI State secretary K Ramakrishna. The petitioners challenged the Central Electricity Regulatory Commission's (CERC) approval for the State's power distribution companies to purchase 7,000 MW of solar power from SECI at Rs 2.49 per unit. Advocate General Dammalapati Srinivas, representing the State government, informed the court that APERC had approved the purchase of solar power at a finalised rate of Rs 2.42 per unit, following the court's authorisation. He argued that the petitioners could challenge the rate if they had objections. The SECI's counsel stated that the agreement with Andhra Pradesh was for supplying 7,000 MW at Rs 2.42 per unit, while other States were supplied power at rates ranging from Rs 2.01 to Rs 2.52 per unit. The petitioners' counsel argued that Andhra Pradesh's agreement to purchase solar power at Rs 2.49 per unit was higher than the rate offered to Gujarat, where SECI supplied power at Rs 1.99 per unit.
Time of India
4 days ago
- Business
- Time of India
Disclose solar power price supplied to other states, HC tells SECI
Vijayawada: The high court on Wednesday directed Solar Energy Corporation of India (SECI) to disclose the price of solar power at which it was supplying to other states, at the time it entered into an agreement to supply power to Andhra Pradesh at Rs 2.49 per unit. The court also directed to place the orders of Andhra Pradesh Electricity Regulatory Commission (APERC) approving the unit price quoted by SECI. CPI state secretary K Ramakrishna and then TDP MLA and present finance minister Payyavula Keshav filed separate PILs in the high court challenging the agreement made by the then YSRCP govt with SECI for supply of 7,000 MW of solar power at Rs 2.49 per unit. The counsel for the petitioner argued that SECI made an agreement to supply solar power at Rs 2.49 per unit with AP, but the same SECI made an agreement with Gujarat govt for supply of solar power at Rs 1.99 per unit. The counsel further said that the power purchase price should be derived through tender route according to the Electricity Act but it was not followed while entering into an agreement with SECI. Arguing on behalf of the state govt, advocate general Dammalapati Srinivas said the high court has allowed APERC to decide the unit price and it has approved the price quoted by SECI. The petitioners can challenge the decision of APERC if they have any grievances on the same. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like For all your EV needs ScottishPower Learn More Undo The counsel for SECI submitted that the per unit price of solar power used to be anywhere between Rs 2.52 and Rs 2.61 at the time when it entered an agreement with AP. The unit price offered to AP was the lowest at that time when compared to other states, he stated. Considering the arguments, the high court bench headed by Chief Justice Dhiraj Singh Thakur and Justice Ravi Cheemalapati directed SECI to submit an affidavit with details of prices at which it had made agreements with other states at the time of entering into the agreement with AP.
New Indian Express
4 days ago
- Business
- New Indian Express
Andhra Pradesh cabinet to take up draft bill to repeal NALA Act
VIJAYAWADA: The State Cabinet, in its meeting scheduled for Wednesday, will take up a draft bill to repeal the Non-Agricultural Lands Assessment (NALA) Act, which allows the conversion of agricultural land for non-agricultural purposes, according to Minister for Revenue Anagani Satya Prasad. The announcement was made following a Cabinet Sub-Committee meeting on revenue issues on Tuesday. The meeting was attended by Finance Minister Payyavula Keshav, Municipal Administration Minister P Narayana, Endowments Minister Anam Ramanarayana Reddy, and Minority Welfare Minister NMD Farooq. Anagani recalled that Chief Minister N Chandrababu Naidu had previously announced the repeal of the NALA Act during the third Collectors' Conference. He emphasised that the draft bill was meticulously prepared under the Chief Minister's directives and will be presented for Cabinet approval. The repeal aims to address concerns surrounding misuse of agricultural land conversions.
Hans India
09-07-2025
- Business
- Hans India
Payyavula slams efforts by Jagan to tarnish AP's image
Vijayawada: Finance minister Payyavula Keshav accused YSRCP chief Y S Jagan Mohan Reddy of resorting to propaganda to tarnish the brand image of Andhra Pradesh. He said Jagan was trying to stall the ongoing developmental programmes in the state. Speaking to media persons here on Tuesday, the minister said that the YSRCP leaders are trying to create hurdles in the way of state government which is trying to get a loan of Rs 9,000 crore through Andhra Pradesh Mineral Development Corporation (APMDC) for the development programmes. He said that the YSRCP is hatching conspiracies to prevent investors from investing in AP by sending mails to investors through a techie working Germany. Besides, the YSRCP MPS are filing complaints with RBI and SEBI to create hurdles to the loans. The minister said that the investors are not in a position to believe the false campaign of YCP and investors are coming forward to invest in AP with a confidence on the leadership of Chandrababu Naidu. He said that the YCP leaders should know that they cannot damage the brand image of AP under the leadership of Chandrababu Naidu.
Hans India
08-07-2025
- Business
- Hans India
Protected drinking water scheme inaugurated in Uravakonda
Uravakonda: Finance Minister Payyavula Keshav inaugurated Uravakonda protected drinking water scheme on Monday at RWS (Rural Water Supply) office in Uravakonda constituency headquarters. As part of the efforts to provide safe drinking water to every household in the town, the scheme was launched under Jal Jeevan Mission with a total project cost of Rs 22 crore. A major component of the project, pipeline networkd worth Rs 16.35 crore from Udiripikonda in Gooty mandal to Uravakonda, was officially inaugurated by the Minister. RWS SE Suresh, DE Saprin, AEs Aijayya and Divya, Tahsildar Mahabub Basha, MPDO Ramiprasad, and local leaders and officials were present.
