STOCK MARKET BSE NSE

AEEs oppose Build Operate Transfer mode

In a letter written to the APGECL, the association stated that BOT for 30 years can be simply viewed as privatisation of public assets and draining of government subsidy.

Published: 17th June 2020 09:39 AM  |   Last Updated: 17th June 2020 09:56 AM   |  A+A-

Power, electricity

For representational purposes

By Express News Service

VIJAYAWADA: A day after the State government approved the proposal of the Andhra Pradesh Green Energy Corporation Ltd (APGECL) to establish 10,000 Megawatt (MW) solar power plants to supply free power to agriculture sector, the AP State Electricity Board Assistant Executive Engineers (APSEB AEEs) Association objected to the Build Operate Transfer (BOT) model of project execution. 

In a letter written to the APGECL, the association stated that BOT for 30 years can be simply viewed as privatisation of public assets and draining of government subsidy. It felt that instead of BOT mode, the project can be executed with money raised by the corporation by getting a government guarantee.

“We urge the APGECL management to give up the BOT proposal for the 10,000 MW solar power plant,” association general secretary N Lakshmana Rao said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp