Wind Power Tariff Litigation Creates Receivable Risk

Wind power tariff stakeholders can review ICRA’s A+ Stable reaffirmation for two Axis Wind Farms SPVs in Andhra Pradesh. Each 105 MW project sells power to APSPDCL under a 25-year PPA at Rs 4.84 per unit. The Wind power tariff dispute covers output above a 23.5% normative PLF. APSPDCL withholds payment, while APERC’s Rs 0.50 per-unit rate for excess energy also remains unpaid. EnergylineIndia.com notes that Wind power tariff doubtful-receivable provisions total about Rs 116.5 crore across both SPVs through FY25. Higher FY26 PLFs increased the disputed output. The credit rating remains supported by Gentari, PETRONAS ownership, reserve coverage and a sponsor letter of credit rather than counterparty payments. This Wind power tariff classified summary presents Wind power projects exposure involving litigation, receivables, leverage, discom-payment and long-term contract-enforcement risks for banks, power producers and investors assessing Andhra Pradesh renewable assets.