Naidu blames YSRCP for Andhra’s ₹1.29 lakh crore power sector loss

Naidu said that when the YSRCP was in power, investors lost confidence and the brand image of Andhra took a severe beating.

BySouth First Desk

Published Jul 10, 2024 | 4:00 PMUpdatedJul 10, 2024 | 4:00 PM

Chandrababu Naidu on power sector legacy losses of Andhra

Andhra Pradesh CM Chandrababu Naidu, on Tuesday, revealed legacy losses of ₹1,29,503 crore in the energy department, attributing mismanagement to the previous YSRCP government. Releasing a white paper at the state secretariat in Velagapudi, Naidu said the task before him was to restore investor confidence by dispelling fears of past issues.

Read the full story here