Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Infra Setbacks Under New Regimes
The New Indian Express Hyderabad
|February 16, 2025
Deals That Went Wrong
DANI Green Energy's withdrawal from its wind power project from Sri Lanka follows months of stout opposition by local communities. The exit was also fueled by the new left-leaning government of Anura Kumara Dissanayake's unhappiness with the deal. While most companies face reviews of their projects, the Sri Lankan rebuff comes as a reminder that most Adani offshore forays have seen controversy and push backs because they have sought to impose onerous terms.
While an Adani group statement calls it a 'withdrawal', the fact is the Sri Lankan government cancelled the deal. The wind power project, signed in May 2024 by former president Ranil Wickremesinghe's government, was slated to generate 484 MW for the coastal belt of Mannar and Pooneryn. However, it was found the power purchase rate of $0.0826 Kwh was far higher than offered by local companies.
The ongoing skirmish between Adani Power and the state-owned Bangladesh Power Development Board (BPDB) for the supply of power from the former's Jharkhand plant has followed a similar trajectory. A contract was signed in 2017 between the former Bangladesh Prime Minister Sheikh Hasina and Adani Power to supply 800 MW of power generated for Bangladesh by the Godda plant in Jharkhand.
This story is from the February 16, 2025 edition of The New Indian Express Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Hyderabad
The New Indian Express Hyderabad
CM: ₹2,000 stipend for students joining ATCs
Employees mistreating parents to lose out
1 min
September 28, 2025
The New Indian Express Hyderabad
Pak epicentre of global terror, says Jaishankar
India will continue to maintain freedom of choice, minister tells UN
2 mins
September 28, 2025
The New Indian Express Hyderabad
Speaker to hold trial on BRS disqualification petitions
FOR the first time in the history of the Telangana Assembly, Speaker Gaddam Prasad Kumar will conduct a trial in connection with four disqualification petitions filed by the BRS against defected MLAs.
1 min
September 28, 2025
The New Indian Express Hyderabad
Musi surges, and shows its might
WITH the river Musi in spate following incessant rain and the lifting of crest gates at Osmansagar and Himayathsagar reservoirs, localities in low-lying areas downstream turned into lakes overnight.
1 min
September 28, 2025
The New Indian Express Hyderabad
36 killed in Vijay rally stampede
AT LEAST 8 KIDS, 16 WOMAN AMONG VICTIMS IN KARUR
1 mins
September 28, 2025
The New Indian Express Hyderabad
Police looking if Wangchuk is linked to Pak
CLIMATE activist and Magsaysay awardee Sonam Wangchuk, who was arrested on Friday in connection with the Leh violence, is being investigated for alleged links to Pakistan and violation of foreign funding rules, Ladakh Director General of Police S D Singh Jamwal said on Saturday.
1 min
September 28, 2025
The New Indian Express Hyderabad
BC quota GO premature, hints HC bench
THE Telangana High Court on Saturday asked the state government how it could issue a GO enhancing reservations for Backward Classes (BCs) in the forthcoming local body elections when Section 285A of the Panchayat Raj Act, 2018, remains unamended.
1 min
September 28, 2025
The New Indian Express Hyderabad
Infused wrong blood type, woman critical
An alleged blood transfusion mix-up at the state-run MGM Hospital in Warangal has left a 38-year-old woman in a critical but stable condition after she was reportedly given the wrong blood group.
1 min
September 21, 2025
The New Indian Express Hyderabad
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data. At 71%, India was the largest beneficiary of H-1B last year, while China was a distant second at 12%.
2 mins
September 21, 2025
The New Indian Express Hyderabad
H-1B mess will hit Telangana hardest: Sridhar
ASKING why the Centre was maintaining silence over the increase in H-1B visa fees by the United States, IT and Industries Minister D Sridhar Babu said Telangana would be among the states worst affected by the move.
1 min
September 21, 2025
Listen
Translate
Change font size