Latest news with #Pedakota
New Indian Express
29-07-2025
- Business
- New Indian Express
Andhra Pradesh cancels two Adani hydro storage projects citing local issues, developer request
PARVATHIPURAM\MANYAM: The Andhra Pradesh government has cancelled two Pumped Hydro Storage Power projects (PSPs) of 1,200mw capacity at Kurukutti under Salur mandal and 1,000mw capacity at Karrivalasa under Pachipenta mandal in the district. The previous government led by then Chief Minister YS Jagan Mohan Reddy had given permission to M/s Adani Green Energy Ltd (AGEL) to set up these two PSPs in Andhra Odisha Border (AOB). However, the present TDP led NDA coalition government cancelled the projects due to local issues and at the request of the developer. They also requested to refund the facilitation charges paid by M/s AGEL or else to adjust towards the allotment fee due for 1000 MW Pedakota and 600 MW Raiwada PSP Projects. Chief secretary K Vijayanand issued GO MS 55, cancelling the allotments to AGEL on Monday. According to GO MS 55 issued by government of Andhra Pradesh, New and Renewable Development Corporation of Andhra Pradesh (NREDCAP) has prepared the Feasibility Reports for two pumped hydro storage power projects (PSPs) of 1,200mw capacity at Kurukutti and 1,000mw capacity at Karrivalasa under Parvathipuram-Manyam by engaging M/s. TCE Ltd and submitted to different directorates of CEA. Survey and investigations are to be taken up for the preparation of Detailed Project Report (DPR). However, M/s. Adani Green Energy Limited has taken over the responsibility of survey and investigations as well as preparation of DPR in respect of 1200 MW Kurukutti PSP and 1000 MW Karrivalasa PSP Projects after allocation of the projects.
Time of India
28-07-2025
- 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.
