In an interview to ‘The Times of India’ DMK Treasurer and former Deputy Chief Minister Thalapathi M.K.Stalin, “who has worked hard to cultivate the image of an efficient administrator, both in government as well as in his party” (ToI), said the industrial investment climate in the State had deteriorated since the DMK demitted office. Many industries were keeping away partly owing to the power crisis and partly owing to an unfriendly government, he said. “On account of utter mismanagement, load shedding has gone up from two hours to 12-16 hours in rural areas,” he said.
Adding to the failures of Jayalalitha regime, Tamil Nadu, which has the highest installed wind energy capacity in the country, does not seem to be an attractive destination for new investments in wind mill installations this year (2013-2014), according to a report
Investments in additional wind mill installations in the State were for 113 MW between April and December 2013 as against 165 MW in 2012-2013 and over 1,000 MW in 2011-2012. States such as Maharashtra, Gujarat, Andhra Pradesh and Rajasthan have higher number of new installations this year.
According to K. Kasthoorirangaian, chairman of the Indian Wind Power Association, there might not be any significant investment during the next three months of the financial year (January to March, 2014) in the State. Till 2012, Tamil Nadu was leading in attracting new investments.
Installations declined during the last two years (2012-2013 and 2013-2014) as investors have lost confidence, he says.
Last year, arrears to be paid to the wind mill owners for energy supplied to the grid were pending for several months. Though it was cleared this year, evacuation dropped.
“We lost 40 per cent energy during the windy season this year compared to last year because of fall in evacuation,” he says. Despite availability of wind and grid connectivity between May and September (wind season in the State), evacuation decreased from June to August, 2013 compared to the same period the previous year. This again revealed the callous attitude of the ADMK regime when the State is facing severe power crisis. But it is said that the regime purposely did not evacuate wind energy when it was available in order to buy power from private sector for more price.
Earlier, industries in other States used to invest in the wind energy sector in Tamil Nadu. This year, even the industries here have moved out to other States. If the new installations across the country were for about 1,000 MW, nearly 700 MW will be by the industries here and these are in other States.
The State has installed wind energy capacity of more than 7,100 MW. The State Government envisages additional installation of 5,000 MW during the XII Plan period. The challenges faced by the sector now need to be addressed for installations to gain momentum in the State again, he said.
On August 13 last year, CNBC-TV18’s Poornima Murali reported that Tamil Nadu has lost its status as a top investment hub in India due to the increasing number of stalled infrastructure projects across the state. It was stated
Once touted as the ‘Detroit of South Asia’, Chennai seems to have taken a U-turn in the wrong direction somewhere along the way. With manufacturing growth sputtering due to lack of power and infrastructure bottlenecks, projects worth Rs 25,000 crore are in limbo in the state, reports CNBC-TV18’s Poornima Murali.
The much-hyped Chennai Port -Maduravoyal project announced three years ago with the PM himself laying the foundation stone, is yet to take off. This is a site through which the 19-km elevated road connecting the two major industrial hubs of Oragadam and Sriperambadur to the Chennai Port was to have run. If completed, this would have been the longest elevated corridor project in the country.
But problems with land acquisition and a blame-game between the project developer — the National Highway Authority Of India (NHAI) and the Tamil Nadu government have forced the NHAI to call for the closure of this Rs 1,815-crore expressway. And that’s just one of the projects.
The Ennore Manali Road Improvement Project commissioned in 1998 has been under implementation for the last 15 years and is yet to be completed. Abdul Majeed, leader, PwC, says, “A few projects have been stalled because of various reasons — either regulatory approvals have been given while no land was acquired or regulatory approval is awaited even after the land has been acquired.”
At a time when Tamil Nadu is reeling under a 4,000MW power crunch , some of the major power projects including Videocon’s 1,050MW project, the1,600MW project at Udangudi, IL&FS’ 4,000MW project and BGR’s 1,320MW project, are in limbo.
A recent study by Assocham have revealed that while Tamil Nadu has attracted investment proposals worth R s 10 lakh crore as of June 2013, over 40 percent of these projects are still in the announcement stage, 2.5 percent have been stalled and there is no information of regarding 4 percent of the projects.
Says, DS Rawat, national secretary-general, Assocham, “Most of the stalled projects are because either the land has to be acquired or the environment clearances are yet to be received. It will be very difficult if projects worth Rs 25,000 crore do not see the light of day.”
While the State government is trying to do its bit by inviting more private sector participants to invest in infrastructure projects, it’s clearly not enough. As Tamil Nadu- earlier ranked fourth in attracting investment proposals with MNCs like BMW, Hyundai, Ford, Samsung and Nokia having invested in the state — has now slipped to the sixth position in the country.
While this is the miserable record of the regime led by Jayalalitha in Tamil Nadu, her minions in her party and henchmen like D.Pandian are projecting her to lead India. Why do they have such grudge against the nation?
Adding to the failures of Jayalalitha regime, Tamil Nadu, which has the highest installed wind energy capacity in the country, does not seem to be an attractive destination for new investments in wind mill installations this year (2013-2014), according to a report
Investments in additional wind mill installations in the State were for 113 MW between April and December 2013 as against 165 MW in 2012-2013 and over 1,000 MW in 2011-2012. States such as Maharashtra, Gujarat, Andhra Pradesh and Rajasthan have higher number of new installations this year.
According to K. Kasthoorirangaian, chairman of the Indian Wind Power Association, there might not be any significant investment during the next three months of the financial year (January to March, 2014) in the State. Till 2012, Tamil Nadu was leading in attracting new investments.
Installations declined during the last two years (2012-2013 and 2013-2014) as investors have lost confidence, he says.
Last year, arrears to be paid to the wind mill owners for energy supplied to the grid were pending for several months. Though it was cleared this year, evacuation dropped.
“We lost 40 per cent energy during the windy season this year compared to last year because of fall in evacuation,” he says. Despite availability of wind and grid connectivity between May and September (wind season in the State), evacuation decreased from June to August, 2013 compared to the same period the previous year. This again revealed the callous attitude of the ADMK regime when the State is facing severe power crisis. But it is said that the regime purposely did not evacuate wind energy when it was available in order to buy power from private sector for more price.
Earlier, industries in other States used to invest in the wind energy sector in Tamil Nadu. This year, even the industries here have moved out to other States. If the new installations across the country were for about 1,000 MW, nearly 700 MW will be by the industries here and these are in other States.
The State has installed wind energy capacity of more than 7,100 MW. The State Government envisages additional installation of 5,000 MW during the XII Plan period. The challenges faced by the sector now need to be addressed for installations to gain momentum in the State again, he said.
On August 13 last year, CNBC-TV18’s Poornima Murali reported that Tamil Nadu has lost its status as a top investment hub in India due to the increasing number of stalled infrastructure projects across the state. It was stated
Once touted as the ‘Detroit of South Asia’, Chennai seems to have taken a U-turn in the wrong direction somewhere along the way. With manufacturing growth sputtering due to lack of power and infrastructure bottlenecks, projects worth Rs 25,000 crore are in limbo in the state, reports CNBC-TV18’s Poornima Murali.
The much-hyped Chennai Port -Maduravoyal project announced three years ago with the PM himself laying the foundation stone, is yet to take off. This is a site through which the 19-km elevated road connecting the two major industrial hubs of Oragadam and Sriperambadur to the Chennai Port was to have run. If completed, this would have been the longest elevated corridor project in the country.
But problems with land acquisition and a blame-game between the project developer — the National Highway Authority Of India (NHAI) and the Tamil Nadu government have forced the NHAI to call for the closure of this Rs 1,815-crore expressway. And that’s just one of the projects.
The Ennore Manali Road Improvement Project commissioned in 1998 has been under implementation for the last 15 years and is yet to be completed. Abdul Majeed, leader, PwC, says, “A few projects have been stalled because of various reasons — either regulatory approvals have been given while no land was acquired or regulatory approval is awaited even after the land has been acquired.”
At a time when Tamil Nadu is reeling under a 4,000MW power crunch , some of the major power projects including Videocon’s 1,050MW project, the1,600MW project at Udangudi, IL&FS’ 4,000MW project and BGR’s 1,320MW project, are in limbo.
A recent study by Assocham have revealed that while Tamil Nadu has attracted investment proposals worth R s 10 lakh crore as of June 2013, over 40 percent of these projects are still in the announcement stage, 2.5 percent have been stalled and there is no information of regarding 4 percent of the projects.
Says, DS Rawat, national secretary-general, Assocham, “Most of the stalled projects are because either the land has to be acquired or the environment clearances are yet to be received. It will be very difficult if projects worth Rs 25,000 crore do not see the light of day.”
While the State government is trying to do its bit by inviting more private sector participants to invest in infrastructure projects, it’s clearly not enough. As Tamil Nadu- earlier ranked fourth in attracting investment proposals with MNCs like BMW, Hyundai, Ford, Samsung and Nokia having invested in the state — has now slipped to the sixth position in the country.
While this is the miserable record of the regime led by Jayalalitha in Tamil Nadu, her minions in her party and henchmen like D.Pandian are projecting her to lead India. Why do they have such grudge against the nation?
No comments:
Post a Comment