Andhra Pradesh Cabinet scraps Polavaram deal
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The Andhra Pradesh cabinet approved the cancellation of the Polavaram hydropower project contract with Navayuga Engineering Company Ltd. (NECL), worth $448.3 million and called for new tenders with a reverse-tendering process. This comes after the High Court’s order to cancel the termination orders of NECL issued by the state government from taking up the project.
Source:
Deccan Chronicle