30.06.22 Daily [Andhra Pradesh] APPSC Current Affairs

The State Investments Promotion Board (SIPB) of the headed by chief minister Y S Jagan Mohan Reddy had cleared the projects worth 15,000 crore in green energy.
These projects would generate 3,000 crore revenue to the state government and 10,000 jobs to the people.

The chief minister chaired the SIPB meeting held at his Tadepalli camp office on Wednesday, which cleared pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. This was part of the 60,000 crore projects proposed by the Adani Group in the state. The proposal was cleared at the World Economic Forum meeting held in January this year.

The Adani Group had come forward to invest 15,740 crore providing EMPLOYMENT for 10,000 people. The projects would come up in Parvathipuram and YSR districts. In Parvathi Puram, a 1,200 MW capacity plant will be set up in Kurukutti, and a 1,000 MW plant in Karrivalasa.

Meanwhile, a 1000 MW will be set up in Gandikota while 500 MW plant in Chitravathi. In each of these districts, Adani Group has proposed that they will be generating 3,000 jobs in Kurukutti, 3,000 in Karrivalasa, 1,500 in Chitravathi and 2,500 in Gandikota.

The project would commence in December 2022 on 1,490 acres of land each and would be commissioned in December 2028. The state government has decided to take the lands from the farmers at a cost of 30,000 per acre.

approves $250 mn loan for road safety

The World Bank has approved a $250 million loan to support the Government of India’s road safety programme for seven States under which a single accident reporting number will be set up to better manage post-crash events.

The India State Support Program for Road Safety, financed by the World Bank, will be implemented in Andhra Pradesh, Gujarat, Odisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. The $250 million variable spread loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 18 years including a grace period of 5.5 years.

The project will also establish a national harmonised crash Database system in order to analyse accidents and use that to construct better and safer roads.

It will also fund Network expansion of basic and advanced life support ambulances and training of first responder caregivers to road crash victims on the spot.

The project will also provide incentives to the States to leverage private funding through Public Private PARTNERSHIP (PPP) concessions and pilot initiatives.

According to a World Bank study, road crashes are estimated to cost the Indian economy between 5% to 7% of GDP a year. Official government data show that each year road accidents in India kill about 1,50,000 people and injure another 4,50,000. More than half of the victims are pedestrians, cyclists, or motorcyclists and almost 84% of all fatalities are among road users between the working ages of 18-60 years.

India successfully conducts VL-SRSAM missile test off the coast of Odisha