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The Fallout Of Andhra Pradesh’s U-Turns On Infrastructure Contracts
The events in Andhra raise questions on the durability of contracts & insulation of infrastructure projects from political risk.
27 Nov 2019, 01:20 PM IST
The Andhra Pradesh government’s announcement regarding the closure of the Amaravati Capital City Startup Area project on Nov. 11, comes on the heels of the same government's vicious assault on existing renewable energy power purchase agreements in the state, as well as the unilateral cancellation of the Polavaram dam project. The High Court of Andhra Pradesh intervened and ensured that the illegal termination of the PPAs and the canc...
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