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India.com
9 hours ago
- Business
- India.com
Bad news for Gautam Adani, this govt cancels two Adani projects at…, due to…
The Andhra Pradesh government has scrapped two pumped hydro storage power projects (PSPs) by Adani Green Energy Ltd (AGEL) the 1,200 MW Kurukutti and 1,000 MW Karrivalasa projects following a request from the company, citing 'local issues.' According to a government order (GO) issued by Chief Secretary K Vijayanand, AGEL had sought cancellation of the projects due to boundary disputes between Andhra Pradesh and Odisha, which it referred to as 'local issues.' Why Two Adani Projects Were Cancelled? 'The government, after detailed examination of the proposal of AGEL in consultation with various stakeholders, has further issued orders for the cancellation of 1200 MW Kurukutti and 1000 MW Karrivalasa Pumped Hydro Storage Power Projects in Parvathipuram Manyam District allotted to AGEL,' Vijayanand said. The AGEL received permission to set up these two projects during the previous YSRCP government on June 29, 2022. The feasibility reports for these projects were prepared by the New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) by engaging TCE Ltd while AGEL took up the responsibility of survey and investigations and the preparation of detailed project report (DPR). Why Adani's Company Requested To Cancel Projects? On September 12, 2024, AGEL requested the cancellation of these two projects due to a boundary dispute between Odisha and Andhra Pradesh and requested to refund the facilitation charges paid by the company or adjust those funds towards the allotment fee due for 1000 MW Pedakota and 600 MW Raiwada PSP Projects. The Pedaktoa and Raiwada projects were also allotted to AGEL. Taking into consideration the difficulties in conducting survey and investigations due to border disputes, the vice chairman and managing director of NREDCAP, M Kamalakara Babu, has requested the government to consider the cancellation of the Kurukutti and Karrivalasa PSP projects as 'there is no fault on the part of the developer', AGEL, said Vijayanand. Further, Babu also requested the approval to adjust fee paid for these projects after deducting the expenses incurred for conducting the survey and investigations by NREDCAP against facilitation fees and DPR expenses after adjusting the taxes payable, in respect of 1000 MW Pedakota PSP and 600 MW Raiwada PSP Projects. The AGEL's cancellation proposal was placed before the State Investment Promotion Board (SIPB) meeting held on July 17 and it had agreed to cancel Kurukutti and Karrivalasa projects due to local issues as per the request of the developer, added Vijayanand. (With Inputs From PTI)
Time of India
a day ago
- Business
- Time of India
Andhra govt cancels two Adani projects at company's request
The Andhra Pradesh government has cancelled two Adani Green Energy Ltd 's ( AGEL ) pumped hydro storage power projects (PSP)--1,200 MW Kurukutti and 1,000 MW Karrivalasa--at the request of the company due to "local issues", a top official said on Monday. In a government order (GO), Chief Secretary K Vijayanand noted that AGEL wrote to the government to cancel these projects due to boundary disputes between Andhra Pradesh and Odisha, which it termed "local issues". "The government, after detailed examination of the proposal of AGEL in consultation with various stakeholders, has further issued orders for the cancellation of 1200 MW Kurukutti and 1000 MW Karrivalasa Pumped Hydro Storage Power Projects in Parvathipuram Manyam District allotted to AGEL," Vijayanand said. The AGEL received permission to set up these two projects during the previous YSRCP government on June 29, 2022. The feasibility reports for these projects were prepared by the New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) by engaging TCE Ltd while AGEL took up the responsibility of survey and investigations and the preparation of detailed project report (DPR). On September 12, 2024, AGEL requested the cancellation of these two projects due to a boundary dispute between Odisha and Andhra Pradesh and requested to refund the facilitation charges paid by the company or adjust those funds towards the allotment fee due for 1000 MW Pedakota and 600 MW Raiwada PSP Projects. The Pedaktoa and Raiwada projects were also allotted to AGEL. Again on May 15, 2025, AGEL requested the cancellation of the Kurukutti and Karrivalasa PSP projects through a letter, said Vijayanand. Taking into consideration the difficulties in conducting survey and investigations due to border disputes, the vice chairman and managing director of NREDCAP, M Kamalakara Babu, has requested the government to consider the cancellation of the Kurukutti and Karrivalasa PSP projects as "there is no fault on the part of the developer", AGEL, said Vijayanand. Further, Babu also requested the approval to adjust fee paid for these projects after deducting the expenses incurred for conducting the survey and investigations by NREDCAP against facilitation fees and DPR expenses after adjusting the taxes payable, in respect of 1000 MW Pedakota PSP and 600 MW Raiwada PSP Projects. The AGEL's cancellation proposal was placed before the State Investment Promotion Board (SIPB) meeting held on July 17 and it had agreed to cancel Kurukutti and Karrivalasa projects due to local issues as per the request of the developer, added Vijayanand.
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Business Standard
a day ago
- Business
- Business Standard
Andhra Pradesh govt cancels two Adani projects at company's request
The Andhra Pradesh government has cancelled two Adani Green Energy Ltd's (AGEL) pumped hydro storage power projects (PSPs) — the 1,200 MW Kurukutti and 1,000 MW Karrivalasa — at the request of the company due to 'local issues', PTI reported on Monday. In a government order, Chief Secretary K Vijayanand noted that AGEL wrote to the government to cancel these projects due to boundary disputes between Andhra Pradesh and Odisha, which it termed 'local issues'. 'The government, after detailed examination of the proposal of AGEL in consultation with various stakeholders, has further issued orders for the cancellation of 1,200 MW Kurukutti and 1,000 MW Karrivalasa Pumped Hydro Storage Power Projects in Parvathipuram Manyam district allotted to AGEL,' Vijayanand said. AGEL received permission to set up these two projects during the previous YSRCP government on June 29, 2022. The feasibility reports for these projects were prepared by the New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) with TCE Ltd. At the same time, AGEL took on the responsibility of conducting surveys and investigations, as well as preparing a detailed project report (DPR). On September 12, 2024, AGEL requested the cancellation of these two projects due to a boundary dispute between Odisha and Andhra Pradesh, and requested a refund of the facilitation charges paid by the company or an adjustment of those funds towards the allotment fee due for the 1,000 MW Pedakota and 600 MW Raiwada PSP projects. The Pedakota and Raiwada projects were also allotted to AGEL. Difficulties in conducting survey Vijayanand said that on May 15, 2025, AGEL again requested the cancellation of the Kurukutti and Karrivalasa PSP projects through a letter. Taking into consideration the difficulties in conducting surveys and investigations due to border disputes, the Vice-Chairman and Managing Director of NREDCAP, M Kamalakara Babu, requested the government to consider the cancellation of the Kurukutti and Karrivalasa PSP projects as 'there is no fault on the part of the developer', AGEL, said Vijayanand. Furthermore, Babu also requested approval to adjust the fee paid for these projects — after deducting the expenses incurred for conducting the survey and investigations by NREDCAP — against facilitation fees and DPR expenses, after adjusting for taxes payable, in respect of the 1,000 MW Pedakota PSP and 600 MW Raiwada PSP projects. AGEL's cancellation proposal was placed before the State Investment Promotion Board (SIPB) meeting held on July 17, and it had agreed to cancel the Kurukutti and Karrivalasa projects due to local issues, as per the request of the developer, added Vijayanand.
News18
a day ago
- Business
- News18
Andhra govt cancels two Adani projects at companys request
Agency: PTI Amaravati, Jul 28 (PTI) The Andhra Pradesh government has cancelled two Adani Green Energy Ltd's (AGEL) pumped hydro storage power projects (PSP)–1,200 MW Kurukutti and 1,000 MW Karrivalasa–at the request of the company due to 'local issues", a top official said on Monday. In a government order (GO), Chief Secretary K Vijayanand noted that AGEL wrote to the government to cancel these projects due to boundary disputes between Andhra Pradesh and Odisha, which it termed 'local issues". 'The government, after detailed examination of the proposal of AGEL in consultation with various stakeholders, has further issued orders for the cancellation of 1200 MW Kurukutti and 1000 MW Karrivalasa Pumped Hydro Storage Power Projects in Parvathipuram Manyam District allotted to AGEL," Vijayanand said. The AGEL received permission to set up these two projects during the previous YSRCP government on June 29, 2022. The feasibility reports for these projects were prepared by the New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) by engaging TCE Ltd while AGEL took up the responsibility of survey and investigations and the preparation of detailed project report (DPR). On September 12, 2024, AGEL requested the cancellation of these two projects due to a boundary dispute between Odisha and Andhra Pradesh and requested to refund the facilitation charges paid by the company or adjust those funds towards the allotment fee due for 1000 MW Pedakota and 600 MW Raiwada PSP Projects. The Pedaktoa and Raiwada projects were also allotted to AGEL. Again on May 15, 2025, AGEL requested the cancellation of the Kurukutti and Karrivalasa PSP projects through a letter, said Vijayanand. Taking into consideration the difficulties in conducting survey and investigations due to border disputes, the vice chairman and managing director of NREDCAP, M Kamalakara Babu, has requested the government to consider the cancellation of the Kurukutti and Karrivalasa PSP projects as 'there is no fault on the part of the developer", AGEL, said Vijayanand. Further, Babu also requested the approval to adjust fee paid for these projects after deducting the expenses incurred for conducting the survey and investigations by NREDCAP against facilitation fees and DPR expenses after adjusting the taxes payable, in respect of 1000 MW Pedakota PSP and 600 MW Raiwada PSP Projects. The AGEL's cancellation proposal was placed before the State Investment Promotion Board (SIPB) meeting held on July 17 and it had agreed to cancel Kurukutti and Karrivalasa projects due to local issues as per the request of the developer, added Vijayanand. PTI STH KH view comments First Published: July 28, 2025, 17:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
Andhra govt cancels two Adani projects at company's request
The Andhra Pradesh government has cancelled two Adani Green Energy Ltd 's ( AGEL ) pumped hydro storage power projects (PSP)--1,200 MW Kurukutti and 1,000 MW Karrivalasa--at the request of the company due to "local issues", a top official said on Monday. In a government order (GO), Chief Secretary K Vijayanand noted that AGEL wrote to the government to cancel these projects due to boundary disputes between Andhra Pradesh and Odisha, which it termed "local issues". Explore courses from Top Institutes in Please select course: Select a Course Category Finance Data Analytics Operations Management Healthcare healthcare Product Management Digital Marketing Design Thinking MBA Management Technology Leadership Data Science Cybersecurity Public Policy CXO PGDM Project Management Data Science Degree Artificial Intelligence others Others MCA Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details "The government, after detailed examination of the proposal of AGEL in consultation with various stakeholders, has further issued orders for the cancellation of 1200 MW Kurukutti and 1000 MW Karrivalasa Pumped Hydro Storage Power Projects in Parvathipuram Manyam District allotted to AGEL," Vijayanand said. The AGEL received permission to set up these two projects during the previous YSRCP government on June 29, 2022. The feasibility reports for these projects were prepared by the New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) by engaging TCE Ltd while AGEL took up the responsibility of survey and investigations and the preparation of detailed project report (DPR). Live Events On September 12, 2024, AGEL requested the cancellation of these two projects due to a boundary dispute between Odisha and Andhra Pradesh and requested to refund the facilitation charges paid by the company or adjust those funds towards the allotment fee due for 1000 MW Pedakota and 600 MW Raiwada PSP Projects. The Pedaktoa and Raiwada projects were also allotted to AGEL. Again on May 15, 2025, AGEL requested the cancellation of the Kurukutti and Karrivalasa PSP projects through a letter, said Vijayanand. Taking into consideration the difficulties in conducting survey and investigations due to border disputes, the vice chairman and managing director of NREDCAP, M Kamalakara Babu, has requested the government to consider the cancellation of the Kurukutti and Karrivalasa PSP projects as "there is no fault on the part of the developer", AGEL, said Vijayanand. Further, Babu also requested the approval to adjust fee paid for these projects after deducting the expenses incurred for conducting the survey and investigations by NREDCAP against facilitation fees and DPR expenses after adjusting the taxes payable, in respect of 1000 MW Pedakota PSP and 600 MW Raiwada PSP Projects. The AGEL's cancellation proposal was placed before the State Investment Promotion Board (SIPB) meeting held on July 17 and it had agreed to cancel Kurukutti and Karrivalasa projects due to local issues as per the request of the developer, added Vijayanand.
