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Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.
Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York
Maldives' President Mohamed Muizzu casts his ballot during the country's parliamentary election, in Male on April 21, 2024. The Maldives votes in a parliamentary election likely to test Muizzu's tilt towards China and away from India, the luxury tourism hotspot's traditional benefactor. Maldives President Mohamed Muizzu's ruling pro-China party cemented its grip on power in a landslide election victory, according to preliminary results reported by local media. The outcome is widely expected to accelerate the Indian Ocean archipelago's shift toward China and away from its traditional ally of India. Muizzu's People's National Congress won 65 out of 93 parliamentary seats in Sunday's vote, Reuters reported, citing media projections and preliminary results from the Maldives Elections Commission.
Persons: Mohamed Muizzu, Mohamed Muizzu's, Muizzu's Organizations: Muizzu's People's National Congress, Reuters, Maldives Elections, Maldivian Democratic Party, MDP Locations: Maldives, Male, China, India, Muizzu's People's
MALE, Maldives (AP) — The Maldives government says it has asked for clarification of why Indian coast guard personnel boarded three Maldivian fishing vessels operating within its economic zone earlier this week without consultation. The Maldives military also found that Indian coast guard personnel had boarded two more boats, the statement said without explaining what they did on the boats . Maldives President Mohamed Muizzu was part of an “India Out” campaign as an opposition politician, demanding the removal of Indian military personnel stationed in some islands. The largest number of tourists visiting the Maldives come from India, making up 11% of the total last year. It is said there are at least 75 Indian military personnel in the Maldives and their known activities include transporting patients from remote islands and rescuing people at sea.
Persons: Mohamed Muizzu, Muizzu, Narendra Modi, Modi Organizations: , Indian, Maldives ., Maldives Locations: Maldives, India, Maldivian, Dhivehi, China, Lakshadweep, New Delhi
Mohamed Muizzu, the newly elected president of Maldives speaks during his inauguration ceremony in Male, Maldives November 17, 2023. REUTERS/Nishan Ali/File Photo Acquire Licensing RightsNEW DELHI, Dec 3 (Reuters) - India's government has agreed to withdraw its soldiers from the Maldives, the Indian Ocean archipelago's President Mohamed Muizzu said on Sunday. "In the discussions we had, the Indian government has agreed to remove Indian soldiers," Muizzu told reporters. India provides certain military equipment to the Maldives, assists in disaster response and has been helping build a naval dockyard there. Most of the Indian military personnel were in the Maldives to operate and manage two helicopters and a Dornier aircraft given to the Maldives by India.
Persons: Mohamed Muizzu, Nishan Ali, Muizzu, India's, Kiren, Mohamed Junayd, Krishn Kaushik, Aditya Kalra, Bernadette Baum, Sharon Singleton Organizations: REUTERS, DELHI, Indian, Dornier, Thomson Locations: Maldives, Male, India, New Delhi, China
Foreign troops must leave Maldives, president-elect Muizzu says
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +2 min
Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress speaks with the media personnel during the second round of a presidential election in Male, Maldives September 30, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsNEW DELHI, Oct 4 (Reuters) - Foreign military forces cannot stay in the Maldives, president-elect Mohamed Muizzu told a rally celebrating his victory in closely watched weekend presidential elections that are expected to redraw ties with India and China. "All the countries which agree to our pro-Maldives policy will be our close friends and allies," Muizzu told supporters at Monday's event. India, with traditionally close ties to Male, denies that assertion, and is helping to build a naval harbour for Maldivian forces to be trained by its military. Solih, who championed an "India First" policy, continues in office until Muizzu is inaugurated on Nov. 17.
Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Solih, Mohamed Junayd, Krishn Kaushik, Uditha, Blassy Boben, Clarence Fernandez Organizations: People's, REUTERS, Foreign, Indian, Thomson Locations: Maldives, Male, DELHI, India, China, New Delhi
Maldives Opposition Candidate Muizzu Wins Presidential Vote
  + stars: | 2023-10-01 | by ( Oct. | At A.M. | ) www.usnews.com   time to read: +2 min
(Corrects dateline to MALE, not COLOMBO)By Mohamed JunaydMALE (Reuters) -Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago, from traditional partner India. About 85% of 282,000 eligible voters in the Maldives, known for its pristine beaches and high-end resorts, turned up at more than 586 polling stations across 187 islands. "Today the people made a strong decision to win back Maldives independence," Muizzu told reporters in the capital, Male. Muizzu also called on President Solih to release Yameen to house arrest. "India remains committed to strengthening the time-tested India-Maldives bilateral relationship and enhancing our overall cooperation in the Indian Ocean Region," Modi said on X.
Persons: Mohamed Junayd MALE, Mohamed Muizzu, Ibrahim Solih, Muizzu, Solih, Abdulla Yameen, Insha Allah, Yameen, Narendra Modi, Modi, Mohamed Junayd, Uditha Jayasinghe, Edmund Klamann Organizations: India, Solih, Maldives, Indian Locations: COLOMBO, China, Maldives, India
[1/4] Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress gestures after casting his vote at a polling station during the Maldives presidential election day in Male, Maldives September 9, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsMALE, Oct 1 (Reuters) - Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago, from traditional partner India. With nearly all votes counted, the Elections Commission of the Maldives said on its website that Muizzu had received 54% of the ballots in Saturday's vote, with 46% for Solih. "Today the people made a strong decision to win back Maldives independence," Muizzu told reporters in the capital, Male. Muizzu also called on President Solih to release Yameen to house arrest.
Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Solih, Abdulla Yameen, Insha Allah, Yameen, Narendra Modi, Modi, Mohamed Junayd, Uditha Jayasinghe, Edmund Klamann Organizations: People's, REUTERS, India, Solih, Maldives, Indian, Thomson Locations: Maldives, Male, China, India, Colombo
Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress gestures after casting his vote at a polling station during the Maldives presidential election day in Male, Maldives September 9, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsMALE, Sept 30 (Reuters) - Opposition candidate Mohamed Muizzu is projected to win the Maldives presidential run-off vote on Saturday, beating incumbent Ibrahim Solih, local media said, in a result that could see the Indian Ocean archipelago shift closer to China. Muizzu was leading the count with 54% of the vote against 46% won by Solih, local media reported. Thousands turned out early at 586 polling stations across the 187 islands known for their sun-kissed beaches and resorts. Maldivians also voted at polling stations in India, Sri Lanka, Malaysia, Britain and Abu Dhabi.
Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Maldivians, Abdulla Yameen, Muizzu's, Yameen, Mohamed Junayd, Gursimran Kaur, Andrew Cawthorne, David Holmes Organizations: People's, REUTERS, Maldives presidential, Solih, China, Progressive Party of Maldives, Thomson Locations: Maldives, Male, China, India, Sri Lanka, Malaysia, Britain, Abu Dhabi, Solih
A Progressive Party of Maldives worker poses with an "India Out" flag in Male, Maldives, March 21, 2022. REUTERS/Alasdair Pal/File Photo Acquire Licensing RightsMALE, Sept 6 (Reuters) - A presidential election in the Maldives on Saturday could be decisive in determining whether China or India win a competition for influence over the tiny Indian Ocean island chain. While India has longstanding cultural, financial and security ties with the Maldives, China has in recent years invested in infrastructure projects as it builds closer ties and pursues its Belt and Road vision of transport and energy networks. India, which denies that, is helping to build a naval harbour for Maldivian forces, who will be trained by the Indian military. Reporting by Mohamed Junayd in Male; Writing by Krishn Kaushik; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Persons: Alasdair Pal, Ibrahim Mohamed Solih, Mohamed Muizzu, Ahmed Shaheed, Shaheed, handouts, Solih, Muizzu, Mohamed Junayd, Krishn Kaushik, Robert Birsel Organizations: Progressive Party of, REUTERS, Reuters, Baani, Progressive Party, People's National Congress, Solih's Maldivian Democratic Party, Thomson Locations: Progressive Party of Maldives, India, Male, Maldives, China, Solih's
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