Solar power deal will be honoured, says Naidu

CHIEF Minister N Chandrababu Naidu on Thursday indicated that the agreement with the Solar Energy Corporation of India to procure 7,000 MW solar power for 25 years at ₹2.49 per unit would be honoured.

- S GURU SRIKANTH @ New Delhi

During a short discussion on the energy sector in the Assembly, Naidu said the SECI power supply agreement became a liability. "However, as the deal was signed, any cancellation led to penalties and loss of credibility, yet I won't use these as excuses to evade responsibility."

I will ensure the State becomes surplus in power sector by utilising every opportunity available," he said.