How Robert Vadra made a killing in the Rajasthan sun:
Vadra picked up piece by piece of wasteland that was strategically located near power sub-stations in Bikaner and elsewhere. And from the few examples at hand, he is raking it in. A plot of 30 hectares costing Rs 4.45 lakh bought two years ago now fetches nearly Rs 2 crore!
Only the state government – and the central government – knew that land around power sub-stations would be valuable once they announced plans incentivise solar power generation. So, logically, the state should have bought land first.
It did, but it did something peculiar. The Congress government in Rajasthan acquired 50,000 hectares of land for solar plants, but bypassed the wasteland near power sub-stations during the acquisition process. Solar plants situated close to sub-stations are most economical since this means you have to invest less in grid lines to evacuate the power.
Did Gehlot’s government know that Vadra was going to buy, or did Vadra know in advance that the state government was going to announce it solar policy well in advance?
Vadra started creating a land bank near power sub-stations from June 2009. Barely eight months later, in February 2010, the Central Government announced the Jawaharlal Nehru National Solar Mission (NSM) Policy under which huge subsidies (nearly 40 percent) were offered for setting up grid-tied solar power plants.Almost immediately, Vadra’s land located near power sub-stations soared in value. The land bought by the state government had practically no takers because most of it was not close enough for easy grid connections.
The whole thing stinks of corruption as #arvindkejriwal
pointed.Congress Hatao, Desh Bachao #india #congressi #bjp #corruption