Telugu Desam embezzled Rs 22,268 cr through power purchase agreements: Nedcap chief
Visakhapatnam: The Telugu Desam embezzled Rs 22,868 crore through power purchase agreements (PPAs) during its five years in government, alleged K.K. Raju, chairman of the Non-Conventional Energy Development Corporation of Andhra Pradesh (Nedcap).
Talking to reporters in Visakhapatnam on Tuesday, Raju said an investigation into this scam would be initiated against the Chief Minister N. Chandrababu Naidu and his associates. The TD government had paid Rs 60,000 through PPAs, he alleged.
He said the supply of power from Nedcap would be enhanced from 42.24 per cent to 60 per cent in two years. On the lines of Navaratnalu, Nedcap would also launch nine projects. He said solar projects would be launched in drought-prone areas of Rayalaseema which would create employment for the local youth.
In order to reduce pollution, Raju said electric vehicles would be launched soon with 60 per cent subsidy and bank loans. Electric autorickshaws and a specific app for the vehicles were in the offing, he added.
“We are having discussions with the Centre government in this regard,’’ Raju added.
He said a bus charging station would be installed at the Visakhapatnam RTC complex. Those who passed ITI courses would get employment in the charging station, he said.
