AMARAVATI: The Minister of State for Power, Forests and Science, Balineni Srinivasa Reddy rubbished the false propaganda that non-conventional energy companies are heading for international arbitration and told that no deal has been cancelled with any company and procurement of Electricity was not stopped from any company with which agreements are made.
“We proceed as per the law and payments are being made as per the directions of the Hon’ble High Court and we will implement the decisions of ERC as directed by the High Court” said Minister Balineni Srinivasa Reddy.
The Minister told that the Government has to pay arrears not only to non-conventional fuel companies, but also to other Current companies and more than 18,000 crore arrears have to be paid for last 16-18 months. “Chandrababu Naidu is responsible for the current situation and he doesn’t have eligibility to talk about power sector in the state” said the Minister.
The Minister told that the Government of Andhra Pradesh has asked the Central government for subsidized loans to pay these arrears and the request is under the consideration of Central Government. “Chief Minister YS Jagan Mohan Reddy is implementing non-corrupt and transparent policies and there will be a resurgence of power sector with his policies” said the Minister.