Andhra CM claims YSRCP-era power sector losses of ₹1.29 L crore

The debt of Andhra Pradesh power utilities increased by a whopping 79% in five years when YS Jagan Mohan Reddy government was in power, a white paper released by chief minister N Chandrababu Naidu has revealed.

The white paper, the third since the Telugu Desam Party-led government assumed power, reveals that the debt of Andhra Pradesh power utilities increased by 79% from ₹62,826 crore in fiscal 2018-19 to ₹1,12,422 crore in 2023-24. As per the white paper, there was a phenomenal increase in the power tariff burden on consumers, the debt of state power utilities increased, and there were losses due to inefficient governance. According to the white paper, the average tariff for domestic consumers increased from Rs 3.87 per unit to ₹5.63 per unit - a 45% increase.

"The Andhra Pradesh power sector needs three new reforms. I have never seen such destruction of the state in my political career, even though this is my fourth term. We are committed to development and are handling these burdens. We will come up with strategies to resolve all these issues. We are committed to providing uninterrupted electricity supply," the chief minister said, releasing the whitepaper in Vijayawada.


The white paper also alleged that investors lost confidence and the brand image of Andhra Pradesh was spoiled. It suggested that there was a need to address the legacy losses of ₹129,503 crore, the need to bring back investors' confidence and rebuild brand Andhra Pradesh, ensure there are no power cuts, provide quality and reliable power supply at affordable rates.