logo
Andhra Pradesh CM Naidu turns heat on defaulters in green energy space

Andhra Pradesh CM Naidu turns heat on defaulters in green energy space

Time of India3 days ago
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
New Delhi: Chief minister N Chandrababu Naidu-led Andhra Pradesh government has launched a crackdown on renewable energy developers sitting on land parcels without initiating work and has ordered scrutiny of projects worth ₹4 lakh crore.In the first action, the government has cancelled a 328 MW wind power project allocated to Sreeja Infrastructure, a subsidiary of the Italian renewable energy major Enel Green, which was recently acquired by Gujarat-based Waaree Energies . The project was sanctioned in 2018 when Naidu was in power. However, the Capacity Sanction Agreement, required for formal commencement of work, was signed in 2022 under the previous Jagan Mohan Reddy-led YSRCP government.The company had to complete the project in 24 months by December 2024. The government has now cancelled the project and ordered forfeiture of performance bank guarantee worth ₹6.5 crore. Over the last two weeks, two hydro projects have also been cancelled for delayed implementation.The Naidu-led administration has now sought updated implementation status and timelines from all renewable projects allotted in the state, covering over 60 GW of capacity. This forms part of a broader audit aimed at unlocking stalled green energy potential in Andhra Pradesh. Sources said projects with an investment worth ₹4 lakh crore are under scrutiny. These include big players like Axis Energy, Suzlon Energy , Indosol and Ecoren. According to sources, close to 36 project sites have been allotted to three investors with no progress on ground. Indosol has been allotted 1.52 lakh acres of land to develop 3000 MW project, Ecoren has been allotted 4.35 lakh acres to develop 3500 MW capacity at six locations and Axis has 15.13 lakh acres of land to develop 12,000 MW capacity at different locations. Sources indicated that the government is serious about taking action against those sitting on solar and wind resources and action against Sreeja Infrastructure is to signal that failure to commence work immediately would result in cancellation and penalties. "This is not just about enforcing deadlines. This is about reclaiming credibility, land, and clean energy targets," said an official adding, "Valuable wind zones are being locked up by companies that are not acting. In a resource-constrained geography like ours, we can't afford such strategic delays."Unlike government land leases, Sreeja's project is slated to be built on private land, but the government had already earmarked exclusive wind coordinates for the project, effectively blocking any other renewable developer from using the site. With limited high-velocity wind zones in Andhra Pradesh, these land-coordinate allocations are prized assets.For Naidu, who returned to power with a strong development agenda, the message is clear - land is not to be hoarded, and renewable energy, once allotted, must translate into megawatts on the grid. The government has set a target of 160 GW of renewable energy capacity by 2030.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Elected govts at local body levels key to India's goal of being developed nation: Report
Elected govts at local body levels key to India's goal of being developed nation: Report

Hindustan Times

time6 minutes ago

  • Hindustan Times

Elected govts at local body levels key to India's goal of being developed nation: Report

Lack of duly elected governments at the city or urban local body levels is an obstacle to India's ambitious goal of being a developed nation, a report released on Wednesday. The report by Bengaluru-based non-profit Janaagraha Centre for Citizenship and Democracy argued that developed cities are a key to India's economic growth, and globally, there are no examples of cities being developed well without strong urban local governments. (Representative file photo) To make their case, the authors said Indian cities already contribute 60% of GDP. But, compared to the global average of 3.9% increase in per capita GDP for every 1% increase in urbanisation, India delivers only a 1.7% increase. The study noted that a 932% increase in central government budgets for the urban sector from 2009–10 to 2024–25, along with a similar rise in investments by respective state governments, has failed to deliver optimum results. '59% of urban residents face water scarcity, 80% are exposed to unhealthy air quality, 36.4 crore urban residents faced very strong heat stress, and recurring urban floods across major cities, with the 2015 Chennai floods alone costing ₹15,000 crores. This signals deeper governance issues,' the authors of the report said. Titled 'Delays in Urban Local Government Elections in India: Analysis and Reform Pathways', the report flagged an average 22-month delay in conducting municipal elections, an 11-month average delay in electing mayors and forming councils, despite the Constitutional mandate of holding elections before council term expiry or within six months after dissolution. The study also shed light on many Constitutional silences, particularly in terms of laying down defined timelines and the lack of independence of state election commissions, with only eight of the 34 SECs having powers over both ward delimitation and reservation. Also Read: A road map to mitigate Delhi's pollution crisis As remedies, the report recommended reforms at the centre, state governments, and state election commission levels. Srikanth Viswanathan, chief executive officer at Janagraha, said, 'The centre should consider stopping central sector funding to states that do not facilitate duly elected city councils altogether, as done for 15th Finance Commission grants for cities without duly elected bodies.' He also said states should be incentivised for empowering state election commissions. The study collated findings from 13 court orders of various high courts and the apex court, CAG reports, interviews with state election commissioners, municipal legislations at the state level, and a roundtable organised with MPs, mayors, and sectoral experts held earlier in July. Janaagraha said that they will share the report with the chairperson of the Parliamentary Standing Committee of Housing and Urban Affairs who had chaired their roundtable, state governments, the Parliamentary Accounts Committee, and state election commissions.

Vietnam trade beats estimates as buyers race Trump tariffs
Vietnam trade beats estimates as buyers race Trump tariffs

Economic Times

time7 minutes ago

  • Economic Times

Vietnam trade beats estimates as buyers race Trump tariffs

Synopsis Vietnam's exports surged by 16% in July, exceeding expectations, as companies rushed shipments to the US ahead of impending tariffs. While exports to the US rose significantly, imports from China also increased. The tariffs pose a threat to Vietnam's economic growth, prompting trade negotiators to seek alternative markets and boost domestic consumption. iStock The Southeast Asian nation, an export powerhouse that sells everything from coffee and clothing to engine parts, has been shipping more goods this year to buyers aiming to avoid US President Donald Trump's tariffs. Vietnam's exports jumped more than expected in July, with buyers racing to avoid a 20% tariff on the country's exports to the US set to take effect on Aug. rose 16% in July from a year earlier to $42.3 billion, the statistics office said in a statement, beating expectations of 14% growth. Imports rose 17.8% in the period to $40 billion, more than the 15.2% forecast. The trade surplus was $2.27 billion, versus $2.83 billion released in Southeast Asian nation, an export powerhouse that sells everything from coffee and clothing to engine parts, has been shipping more goods this year to buyers aiming to avoid US President Donald Trump's tariffs. The country was initially threatened with a 46% import levy, though that has been lowered to 20%, just one percentage point more than for neighbors Indonesia, Malaysia, the Philippines and Thailand. 'Vietnam posted impressive export figures in July, mostly because companies were rushing to ship goods to the US ahead of the Trump tariffs,' said Tran Tuan Minh, chief executive officer of TVI, a Hanoi-based equity research and investment firm. 'We expect exports to slow significantly later this year, mainly due to the 20% tariffs and especially the 40% rate on transshipments, which still remains quite unclear at this point.' The government said in a statement Wednesday that trade negotiators are working to 'actively continue' talks with Washington. It also reiterated plans to diversify its markets, aiming for trade agreements with the Middle East and India, while increasing domestic consumption of Vietnamese goods. Exports to the US rose 26% in July from a year earlier to $14.2 billion, according to separate customs data released Wednesday. Imports from China increased 30.5% to about $16.7 billion in exports to the US account for roughly a fifth of Vietnam's gross domestic product, and the tariffs pose a threat to factories which have boomed as companies have diversified their supply chains from China. The data was generally positive, with consumer prices rising 3.19% on year, slower than the 3.40% economist estimate and the 3.57% pace of June. Industrial production rose 8.5% on year, and 0.5% compared with June. Commodity exports also gained, with coffee exports rising to 103,000 tons, a 34.6% rise on a year economy has been powering along in 2025, with gross domestic product rising 7.96% in the April-June period from a year earlier, according to data released last month. The government is aiming for 8% growth in 2025, though it's unclear whether the new US tariffs will derail that push.

Initiatives like IMEC needed especially in times of volatility, uncertainty: Italy's envoy Talo'
Initiatives like IMEC needed especially in times of volatility, uncertainty: Italy's envoy Talo'

Hindustan Times

time7 minutes ago

  • Hindustan Times

Initiatives like IMEC needed especially in times of volatility, uncertainty: Italy's envoy Talo'

New Delhi, The ambitious India-Middle East-Europe Economic Corridor project was started with a "lot of hope" and such initiatives are needed especially in times of volatility and uncertainty driven by global security challenges, Italy's envoy for IMEC, Francesco Talo' said. Initiatives like IMEC needed especially in times of volatility, uncertainty: Italy's envoy Talo' In an exclusive interview to PTI Videos at the Italian Embassy here on Wednesday, he also said that less than a month after its launch in New Delhi in 2023, there was a "terrible attack" against Israel on October 7, and this impacted the project. "Therefore, things were slipping, frozen. But, now there is a renewed interest," the envoy said. The Israel-Hamas conflict still goes on, and the Middle East region has seen wide-scale volatility and uncertainty over the last two years, including the recent twelve-day military confrontation between Israel and Iran in June. "I would say that especially in times of volatility or uncertainty, we need projects like this . We need to have a differentiation. We need to be ready to play on different grounds. So, not to be conditioned only by one route, by one interlocutor," Talo' told PTI in the interview. Cautioning that in times of great inter-dependence today, he underlined that one needs to be on one hand "not too dependent" on any one option, and on the other hand, need to live in a system of inter-dependence. Talo', a seasoned diplomat, visited India earlier this week to take part in a meeting of representatives of countries which are partners in the IMAC initiative. He also met India's deputy National Security Advisor. "I have had meetings with part of the administration, especially with people in the National Security Council and the external affairs ministry. And I'm planning to meet other people today in order to better understand the importance of our partner India," he added. So it's good that in this very city, the "first meeting" among the special envoys of IMEC was held, the diplomat said. "I was here when the initiative was launched in September 2023. I was with my Prime Minister Giorgia Meloni. And, we had a clear vision of a great opportunity for our countries, for our shared interests," Talo' said, adding, IMEC was started with a "lot of hope" and it was very much linked to the idea of having important political and economic results. And, this is the moment really to have a "transition" from a phase of conferences, interviews, and some public events to a "more concrete phase of action", he asserted. Billed as a pathbreaking initiative, the IMEC envisages a vast road, railroad and shipping networks among Saudi Arabia, India, the US and Europe with an aim to ensure integration among Asia, Middle East and the West. The IMEC initiative was firmed up on the sidelines of the G20 Summit in Delhi in September 2023. An agreement was signed by India, Saudi Arabia, the European Union, the United Arab Emirates , the US and some other G20 partners for the corridor. EU signatories Italy, France, and Germany are partners in this transnational connectivity project. Many strategic affairs watchers have described the IMEC as perhaps an answer to China's massive Belt and Road Initiative , a mega infrastructure and connectivity project that will involve a large number of countries. Asked about his views on BRI, Talo' described it as "another project" and different from IMEC. "They are different by nature. Their members are different. So, I don't want to.. I don't like the idea of presenting IMEC as something against them. It's something for us, for our partners, for our peoples. And, then there can be other initiatives," he said. Italy had joined BRI in 2019. According to international reports, it had announced its withdrawal from it, four years later. Talo' emphasised that when it comes to realising the IMEC vision, there are financial challenges and practical infrastructure challenges. "It involves several countries. We all know that it's not going to be simple," he said. "But it could be a great opportunity, because we see great prospects of growth for all of us," the envoy said. Talo' underlined that one cannot have real security and peace "when only one nation is rich". There is need for entire region to grow, and of course innovation can somehow be the lead for these changes for the better. "We are already seeing this in India," he said. The Gulf countries are also important protagonists, actors in innovation. "We can do it all together, and this will also benefit countries which have more problems," the envoy said, adding, this can somehow also "contribute to the peace process". During the interaction, he also shared the reasons for Italy pitching its coastal city of Trieste as a "possible principal hub" in this corridor. Also, India, the Middle East, and at least Italy and the Mediterranean countries in the same region, which "I like to call the Indo-Mediterranean region, we have a common interest that is an area of growing prosperity where, for instance, navigation and trade is free and open", Talo' said. Italy, along with three other IMEC partner countries are also part of the powerful G7. "Of course, the G7 countries can offer a contribution... Furthermore, I think it's important to take into account the role of the European Union with its Global Gateway initiative. So, the idea is that IMEC can be put under the umbrella of the Global Gateway," he said. This article was generated from an automated news agency feed without modifications to text.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store