MNRE urges seven states to honor their power purchase agreements with wind producers

The Ministry of New and Renewable Energy (MNRE) has written to seven states urging them to use their powers under the Electricity Act to force electricity regulatory commissions to honor power purchase agreements (PPAs) with wind energy producers. The fall in wind energy tariffs since February has prompted many commissions to attempt to renegotiate PPAs signed when tariffs were higher.

Source: MNRE urges seven states to honor their power purchase agreements with wind producers The Ministry of New and Renewable Energy (MNRE) has written to seven states urging them to use their powers under the Electricity Act to force electricity regulatory commissions to honor power purchase agreements (PPAs) with wind energy producers. The fall in wind energy tariffs since February has prompted many commissions to attempt to renegotiate PPAs signed when tariffs were higher. Economic Times