Andhra Pradesh To Take Back Kinnera Land

[Gajji_maraja]

Hyderabad: The Andhra Pradesh Cabinet Sub-Committee to review the alleged irregularities during the Congress government has decided to recommend that the Government take over the 814.77 acres allotted to Kinnera Power in Tammavaram and Momidi villages of Chilakuru mandal of Nellore district.

In 2009, the Congress government had allotted the land to set up a power project and to complete the same in five years but in vain. The sub-committee headed by finance minister Yanamala Ramakrishnudu met at the Secretariat.

After the meeting, information minister Palle Raghunath Reddy to newspersons that the sub-committee will discuss Mangampeta Barytes, Kannedhara Granites in Srikakulam, and Nagarjuna Power plant in Sompeta as also Megha Madhanam in Anantapur districts in the next meeting.

[Gajji_maraja]

AP cabinet panel to recommend cancellation of land to Vanpic

 

An Andhra Pradesh Cabinet sub-committee looking into "corrupt" deeds of the previous Congress government decided to recommend cancellation of land allotted to Vanpic ports and also take back over 6,000 acres already handed over to the company. 

The Cabinet sub-committee met here today under the chairmanship of Andhra Pradesh Finance Minister Yanamala Ramakrishnudu and discussed Vanpic and other projects, Information and Public Relations Minister Palle Raghunatha Reddy said here. 

In 2008, Vanpic was allotted 18,878 acres of land by the then Y S Rajasekhara Reddy government in Prakasam and Guntur districts along coastal Andhra Pradesh to develop two ports at Vadarevu and Nizampatnam, as well as an industrial corridor connecting the two ports. 

The deal is under the scanner in connection with Y S Jagan's illegal assets case and Vanpic's promoter Nimmagadda Prasad was arrested by the CBI after which he was released on bail. 

The government handed over 6,608 acres of land to the company but no development activity has been taken up so far, the minister said. 

"First, it was supposed to be taken up as a government-to-government venture on a 

build-own-operate-transfer basis. Later private players joined and the government gave away absolute ownership to them," the minister said. 

He said that the company had violated all terms related to the project and also transferred shares to other companies without even starting any activity. 

"In view of all this, the Cabinet Sub-Committee decided to recommend cancellation of the memorandum of understanding and take back land allotted to Vanpic," the minister said.

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