‘Axis of loot’: YSRCP alleges massive scam in Andhra Power deal; government denies all charges
In response, Andhra Pradesh Energy Minister G Ravikumar said that the statements made by YSRCP are not true. He claimed that the power purchases made by YSRCP were actually at higher prices than they publicly acknowledged.
New Delhi: The Yuvajana Sramika Rythu Congress Web together (YSRCP) on Monday accused the Andhra Pradesh govt of being considering about a serious scam through a energy deal signed with Axis Energy, an organization that produces renewable energy. YSRCP leaders G Srikanth Reddy and G Amarnath acknowledged that the government agreed to aquire energy from Axis Energy at a assign fee of Rs 4.60 per unit. They acknowledged right here is terribly pricey and will fabricate a heavy financial load on the folk of Andhra Pradesh for a protracted time.
“Here's no longer about buying electricity, right here is ready making profits. When more cost effective alternatives can be found, selecting this kind of excessive fee is scandalous and in opposition to public curiosity,” Srikanth Reddy acknowledged at some stage in a press conference in Hyderabad.
They drew attention to, that as soon as Y S Jagan Mohan Reddy counseled a energy address the Solar Energy Corporation of India (SECI) at Rs 2.49 per unit, leaders of the NDA alliance lambasted and claimed it can possibly trigger an absence of Rs 1.10 lakh crore. Now, for the following 25 years, the an identical NDA-led govt has agreed to pay Rs 4.60 per unit. YSRCP leaders acknowledged this decision will repair the excessive fee although costs race down one day.
Reddy and Amarnath also acknowledged that at some stage within the rule of thumb of the old TDP govt, dues to energy corporations rose from Rs 29,000 crore to Rs 86,300 crore, with a 24% compound annual growth fee (CAGR). They claimed that below Jagan Mohan Reddy’s supervision, the CAGR got right here the entire manner down to 7.2%.
They also affirmed that even supposing Chief Minister N Chandrababu Naidu promised to lower electricity costs, his govt has added a burden of Rs 15,000 crore on the public.
In response, Andhra Pradesh Energy Minister G Ravikumar acknowledged that the statements made by YSRCP are no longer factual. He claimed that the potential purchases made by YSRCP had been if truth be told at increased costs than they publicly acknowledged.
He also defended the Axis Energy venture, pronouncing it can possibly fabricate jobs, generate tax profits, and offer a respectable energy offer the usage of photograph voltaic, wind, and battery storage, reckoning on the recount’s needs.
Ravikumar urged Y S Jagan Mohan Reddy to terminate spreading what he referred to as a ‘malicious campaign’ and to esteem the new govt’s focal point on transparency, clear energy, and long-duration of time energy security for Andhra Pradesh.
(With PTI Inputs)
What's Your Reaction?
