PTI, AMARAVATI: Andhra Pradesh Chief Minister Y S Jaganmohan Reddy Wednesday ordered a probe into alleged corruption in power purchase agreements signed during the previous TDP rule and initiation of legal action against his predecessor N Chandrababu Naidu and all others concerned over the issue.
Jagan, who held a high-level review meeting on the power sector, said there was “massive corruption” in purchase of power and also in the setting up of new generating stations in the last five years that pushed the electricity sector in the state into the red.
Who purchased power at high prices and who decided to do so? Will peoples money be looted in such brazen manner? Conduct an inquiry and take legal action against all those involved, including the then Chief Minister and the then energy minister, he said, according to an official release. He also announced a Cabinet Sub-Committee would be set up to probe various scandals in over 30 issues under the Chandrababu Naidu regime. The power sector in the state is in a totally sinking stage because of the massive corruption in power purchase agreements and steep escalation of costs in setting up new generating stations. The sector is steeped in deep losses because of this,” it quoted the Chief Minister as saying.
The two state-owned power distribution companies (Discoms) owed Rs 18,375 crore to power producers in the last five years, he said. On the other hand, the state government owed Rs 10,400
