
No political decision to revive Athirappilly project: Kerala power minister Krishnankutty
2
3
4
5
T'puram: Power minister K Krishnankutty said the govt has not taken any policy decision to go ahead with the
Athirappilly hydel power project
.
KSEB
is only trying to explore the project site's
tourism potential
without directly pushing the 163MW controversial hydel project, he said.
The minister told TOI that KSEB was exploring the possibility of setting up a couple of weirs, diverting water from the upper regions of the proposed Athirappilly hydel project site and that it was not for electricity generation purposes. "The weirs would help ensure the Athirappilly waterfall remains a year-round spectacle, increasing tourism attraction. The board is only exploring such possibilities to convince the local public regarding the proposed hydel project's sustainable nature," Krishnankutty said.
KSEB chairman and managing director Biju Prabhakar has taken the initiative to explore the tourism potential of the Athirappilly project site and nearby areas and engaged a Kozhikode-based agency, Environment Architecture and Human Settlements (C-EARTH), to submit a report on the same.
The move, however, is seen as yet another attempt to push the Athirappilly project through the backdoor. Following the queries raised by TOI over the proposed move, the KSEB CMD's office issued a press statement, saying that the move was indeed to explore the tourism potential along with the proposed hydel power project. Prabhakar stated the criticism raised against the project was totally unfounded and the dam would boost tourism and avoid flooding of the Chalakudy river.
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
The Highest Earning College Majors—2025 Edition
Best Paying Degrees | Search Ads
Learn More
Undo
The successive govts were unable to go ahead with the Athirappilly power project on account of the protests from greens as well as political parties, including CPI. Since the KSEB move is to increase the project's acceptability, it doesn't require any political clearance from the govt, Krishnankutty said, adding that Kerala should explore more options to utilise the abundant hydel potential of the state if it wants to get out of the over-reliance on power from other states.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
5 minutes ago
- Mint
US wants equity stake in Intel for cash grants approved under Biden
By Andrea Shalal and David Shepardson WASHINGTON -U.S. Commerce Secretary Howard Lutnick said on Tuesday the government wanted an equity stake in Intel in exchange for cash grants approved during the administration of former President Joe Biden. Separately, Treasury Secretary Scott Bessent said any U.S. investment in Intel would be aimed at helping the troubled chipmaker stabilize. Asked about reports that the U.S. was considering taking a 10% stake in Intel, Bessent told CNBC's "Squawk Box" program: "The stake would be a conversion of the grants and maybe increase the investment into Intel to help stabilize the company for chip production here in the U.S." Bessent gave no details about the size or timing of any U.S. stake in Intel, but said any investment would not be aimed at forcing U.S. companies to buy chips from Intel. Bessent's comments were the first official response from the Trump administration after Bloomberg News reported on Monday the U.S. government is in talks to take a 10% Intel stake in exchange for $7.9 billion in grants that were approved for the U.S. chip company during the Biden administration. "We should get an equity stake for our money," Lutnick told CNBC. "We'll get equity in return for that ... instead of just giving grants away." Lutnick said the U.S. does not want control of the company. "It's not governance, we are just converting what was a grant under Biden into equity for the Trump administration for the American people." He suggested any stake would be "non-voting," meaning it would not enable the U.S. government to tell the company how to run its business. He made his comments a day after SoftBank Group agreed to invest $2 billion into the chipmaker, which has struggled to compete after years of management blunders. "The Biden administration literally was giving Intel money for free and giving TSMC money for free, and all these companies just giving the money for free, and Donald Trump turned it into saying, 'Hey, we want equity for the money. If we're going to give you the money, we want a piece of the action for the American taxpayer,'" Lutnick said. Intel and TSMC, a Taiwan-based chipmaker, did not immediately comment. Intel has struggled financially and recorded an annual loss of $18.8 billion in 2024, its first such loss since 1986. This article was generated from an automated news agency feed without modifications to text.


Time of India
14 minutes ago
- Time of India
Donetsk don't-tell: Donald Trump forces Zelenskyy-Trump meeting but no word about captured territory
TOI correspondent from Washington: MAGA supremo Donald Trump appears to have succeeded in propelling Ukraine's leader Volodymyr Zelenskyy -- backed by European leaders -- towards a bilateral meeting with Russian President Vladimir Putin by warning him that he would lose even more territory and lives if the war continues. No word yet on when and where such a meeting will take place, much less the contours of a peace agreement. The US president also offered sketchy security guarantees to Ukraine to make peace with Russia, while invoking a divine mission for himself. "I want to try and get to heaven if possible. I hear I'm not doing well. I hear I'm really at the bottom of the totem pole. But if I can get to heaven, this (stopping the killing) will be one of the reasons," he said in a phone-in with his Fox and Friends megaphone Tuesday morning. In another wild interview, Trump also bumped up the count of wars he has stopped to seven (from six that he claimed on Monday), including his claim (now made about 2-3 times a day) about halting the India-Pakistan conflict that in his view would otherwise have gone nuclear. Trump also offered a dodgy rationale for pressing Zelenskyy to sue for peace. "Russia is a powerful military nation... It's a much bigger nation. It's not a war that should have been started. You don't take on a nation that's 10x your size," he said, even though by all accounts it is Russia that invaded Ukraine, albeit -- according to Moscow -- at western provocation. The US president's remarks came after day-long talks in the White House with Zelenskyy and his European supporters during which they were implicitly told to forget about the 20 percent of Ukraine that Russia has captured and bringing Kiev into Nato. No one mentioned Ukraine's loss of one-fifth of its territory as they focused on security guarantees against future Russian incursions, even as Trump put the onus of such a mission on Europe, with possible air support from the US. But as long as he is President, there will be no American troops on Ukrainian territory, Trump told Fox and Friends. While Zelensky and the European leaders profusely thanked Trump for his peace efforts, there was underlying skepticism about way forward. 'The next steps ahead are the more complicated ones now,' German Chancellor Friedrich Merz told Trump during Monday's summit, even as Russia said any peacekeeping efforts involving Nato troops are unacceptable. The MAGA supremo, who peeled off from the White House confabulations to phone Putin and get his okay for a bilateral meeting with Zelensky, now makes no secret for his liking for the Russian leader ("there was a warmth that cannot be hidden," he said about the Alaska meeting), raising questions about the reasons for such affection. Some political analysts have gone so far as to wonder if the Kremlin has "kompromat" (compromising material) on Trump. "I used to be sceptical about claims that Putin had access to kompromat on Trump that explained his grovelling relationship with the Kremlin. But if such kompromat is not the explanation, it is hard to see why the White House is behaving as it does towards Ukraine," the columnist Michael McDowell wrote. Commentators have also likened the Alaska and Washington 2025 meetings to Munich 1938 when concessions made to Nazi Germany enabled Hitler to secure Czechoslovakian fortifications leading to WW2, warning that allowing Russia to grab Ukraine's key defensive lines could lead to a similar outcome. Trump's isolationist MAGA supporters say such comparisons are nonsense, Ukraine's war is not America's war, and the defense of Ukraine and Europe cannot be at the expense of American blood and money. But former President Bill Clinton, among others, are arguing that it is America's war because Washington (during his time) forced Ukraine to give up its nukes and pledged to protect it from an expansionist Russia. "I feel terrible about I got them to give up nuclear weapons and none of them believe Russia would have pulled off this stunt if Ukraine had nuclear weapons," he said, arguing for continued US and European support for Ukraine. From the MAGA corner: Trump is not obligated to keep commitments made by previous "corrupt" administrations.


Time of India
2 hours ago
- Time of India
‘They are just profiteering…': Trump administration fires fresh salvo on India for Russia crude trade; ‘…made $16 billion in excess profits'
India's procurement of Russian oil has increased significantly following Russia-Ukraine war that began in early 2022. (AI image) The Donald Trump administration is continuing with its criticism of India's crude oil trade with Russia, accusing the former of indirectly financing the Russia-Ukraine war and making profits. US President Donald Trump has announced 25% additional tariffs on India for its purchase of Russian crude oil - these tariffs are effective Augsut 27. US Treasury Secretary Scott Bessent criticised India on Tuesday regarding its Russian oil purchases during the Ukraine conflict, labelling the trade strategy as "arbitrage" and expressing disapproval. "They are just profiteering. They are reselling," Bessent told CNBC in an interview. "This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product,' Bessent said. "They've made $16 billion in excess profits — some of the richest families in India," he added. Also Read | Trump's 25% additional tariffs loom: Indian refiners delay orders for Russian crude oil; take cautious approach India's crude oil trade with Russia India's procurement of Russian oil has increased dramatically following Russia-Ukraine war that began in early 2022. Before this conflict, India's Russian crude purchases were negligible. According to Matt Smith, an oil market analyst at Kpler quoted in the CNBC report, India purchases discounted Russian oil because of sanctions, processes it into petrol and diesel, and subsequently exports these refined products to regions that have imposed sanctions on Moscow, including Europe. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The 5 Books Warren Buffett Recommends You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo Who bought Russia's fossil fuels after EU bans Trump is proposing what he terms as "secondary tariffs" against nations like India that purchase Russian oil, aiming to compel the Russia towards a diplomatic resolution with Ukraine. However, the United States has thus far refrained from applying these secondary tariffs on China despite its continued Russian oil imports. Regarding Chinese oil purchases, Bessent noted that the Trump administration viewed Beijing's imports more favourably since China was already a significant customer before the Russia-Ukraine war. However, Bob McNally, who heads Rapidan Energy and previously advised President George W. Bush, explained that India's substantial Russian oil purchases were actually initiated at US's request. Also Read | Trump sees a 'dead economy' - but US-based S&P Global upgrades India's credit rating - here's why McNally told CNBC that the Biden administration specifically encouraged India to accept Russian oil whilst other nations implemented bans. This strategy aimed to prevent substantial oil price increases following the Ukraine invasion, which could have led to elevated petrol prices in the US. In August, India's Russian oil imports surged to 2 million barrels per day, with refiners maintaining their focus on cost-effective procurement strategies. According to Kpler, a global real-time data and analytics provider, Russian imports constituted 38% of India's total crude oil purchases, estimated at 5.2 million barrels per day during the initial two weeks of August. Russian supplies increased from 1.6 million bpd in July to 2 million bpd in August. This rise coincided with reduced purchases from Iraq, which dropped to 730,000 bpd from 907 bpd in July, and Saudi Arabia, which decreased to 526,000 bpd from 700,000 bpd in the previous month. Kpler's data indicated that the United States ranked as the fifth largest supplier, contributing 264,000 bpd to India's oil imports. Also Read | 'Russia lost an oil client, which is India': What Donald Trump said before meet with Putin; 'secondary sanctions would be devastating…' India's strong stance India has reacted stroingly to Trump levying the additional tariffs. Earlier this month, the ministry of external affairs released a statement saying, 'The United States has in recent days targeted India's oil imports from Russia. We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India. ' 'It is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest.' the statement said. 'We reiterate that these actions are unfair, unjustified and unreasonable. India will take all actions necessary to protect its national interests,' it concluded. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .