The proposed iron ore terminal project at Paradip Port Trust (PPT) is facing inordinate delay because of lack of environment and forest clearances, and court cases over relocation of iron ore plots. Blue Water Iron Ore Terminal, a special purpose vehicle floated by the Hong Kong-based Noble Group, in partnership with Gammon Infrastructure Projects and MMT
Tag: clearance
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Ministry works on coal bed methane policy
Union Minister for Petroleum and Natural Gas Veerappa Moily informed reporters that his ministry is in the process of revising the coal-bed methane policy introduced in 1997 in order to suit present conditions. He said the ministry would discuss with the coal ministry in this regard. Meanwhile, Moily said his ministry would be putting befo
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Oil ministry seeks speedy nod for 20 blocks
Of the 52 oil and gas blocks which are awaiting clearances from the defence and environment ministries, the oil ministry plans to request Cabinet Committee on Investment (CCI) to expedite nod for 20 offshore exploration blocks. Speedy clearance for these blocks would benefit prospective contractors like RIL, Cairn, BP, BHP Billiton, ONG
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Coal ministry justifies allocation of blocks to captive miners
Union coal ministry justified the allocation of coal blocks to private captive coal miners on grounds that Coal India and other public sector agencies could not meet the demands from private power generators. Therefore, the government had no alternative but to allot captive coal blocks "if it wanted to ensure spee
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Tata Steel hopes to get temporary work permit soon
Tata Steel hopes to get the temporary working permit soon to resume mining at the chromite mine in Sukinda, Odisha. The company had to halt mining at the mine as its lease validity, which was valid for 20 years, expired on January 11. The mine has the capacity to produce 2.4 millio
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Cairn India aims 215,000 bopd output in FY14
Cairn India aims to produce 215,000 barrel of oil per day (bopd) during 2013-14 from its Rajasthan block. This is based on the company managementĂâs guidance and the expectation that the Bhagyam field would produce 40,000 bopd only by the second half of 2013
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EAC clears Cairn’s plan to raise output
The Expert Appraisal Committee (EAC) under the union environment ministry gave conditional clearance to the plan of Cairn India to raise crude oil output capacity from its Mangala Processing Terminal in Rajasthan. The approval would enable Cairn India to raise oil production from 175,000 barrels per day (bpd) to 200,000 bpd and associated gas from 35 to 40 million stan
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Envionment ministry sits on 307 road projects
According to union road ministry, till October 2012 a total of 307 road projects are pending for environmental and forest clearances. This also includes cases with the Border Roads Organization (BRO), sources from the Union Road Transport Ministry (RTM) said. It is learnt that these projects are mainly for widening existing carriageways in order to augment capa
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Board gives one year for Posco’s Rs 530 bn SEZ project
Media reports suggest that the Board of Approval (BoA) for Special Economic Zone (SEZs) decided to give South Korean steel giant Posco one more year to start work on its proposed multi-product SEZ in Odisha. The company's proposed Rs 53,000 crore multi-product SEZ project in Odisha failed to take off as it is unable to acquire the required land in
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NHAI feels cost overrun as reason for exit from projects
RP Singh, Chairman of the National Highway Authority of India (NHAI) claimed that the change in the economic scenario and escalation of cost prompted two highway developers to exit mega projects recently. It may be recalled that GMR Infrastructure terminated the contract for the Rs 5,700 crore Kishangarh-Udaipur-Ahmedabad Expressway with NHAI on g