Owing to its inability to secure land, South Korean steelmaker Posco cancelled its proposed $5.3 bn steel plant project in Karnataka. In an official communication, the firm said the delay in land acquisition has been prolonged and this prompted it to shelve the project. In June 2010, Karnataka government signed a preliminary agreement with the firm for the project. According to the agreement, the firm was to set up a 6 mn t
Tag: environment
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Govt considering ore license for $12 bn steel project
Unconfirmed reports indicate that the union government is considering to provide an iron ore exploration licence to South Korean firm POSCO for its planned $12 billion steel plant in Jagatsinghpur, Odisha. Granting of this license may expedite the long-delayed steel project, which is said to be the largest forei
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Panel report makes suggestion to shipping ministry
The Parliamentary Standing Committee on Transport, Tourism and Culture suggested the union shipping ministry to allow the use of harmful paints by only commercial vessels. In its latest report, the panel said the use of harmful paints by any ship, in fact would affect marine environment adversely. Therefore, the report asked the ministry to consider these aspects
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Cabinet takes steps to expedite highway projects
In a move that may expedite implementation of highway projects in the country, the union cabinet waived environmental approval for highway projects up to 100 km in length. The government so far waives green nod for highway construction up to 30 km. This has led to huge delay in the implementation of several projects. Following the relaxation of norms, at least 70 percent of projects to be awarded this year under the engi
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Expert panel suggests renewal of green nod for Posco project
An Expert Appraisal Committee suggested the renewal of the environmental clearance for the proposed steel plant of the South Korean giant Posco at Jagatsinghpur, Odisha. Posco wants to set up a 12-mn tpa steel plant in the area. In the interim, it will be starting off with 4 mn tpa capacity and add another 4 mn t in the second phase. The committee
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MoEF proposes to set up system for granting forest approval
According to a draft policy released by the ministry of environment and forests (MoEF), a technology driven system would be set up for providing forest clearances to various projects. The draft policy pertains to the inspection, verification, monitoring and overall procedure for the grant of forest clearances. The policy includes a provision to set up an independent, remote-sensing, satellite-based monitoring system to detect encroachment and unauthorised chan
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DP World to sign concession agreement with JNPT
Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
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JNPT, ministry discuss Rs 8 bn project
Union Shipping Ministry and the Jawaharlal Nehru Port Trust (JNPT) are discussing the hurdles in implementing the Rs 800 crore container terminal project at the port. Last year, Dubai Ports World (DP World) was awarded the contract for setting up the terminal which will have a capacity to load 800,000 containers a year. DP World agreed to share 28.09 percent of its annual reve
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Odisha CM wants Posco to begin work on project
Odisha Chief Minister Naveen Patnaik has reportedly asked Posco India to begin work on the much-delayed 8 million tonne per annum (mn tpa) steel project in Jagatsinghpur district. However, the Indian arm of the South Korean steel maker faces two key problems for the proposed steel project. They are land and environment clearance
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Panel probes charges against Krishnapatnam port
A Supreme Court-appointed committee is probing the alleged violation of environment permissions and encroachment of assigned land by Krishnapatnam port in Andhra Pradesh. The Central Empowered Committee (CEC) appointed by the apex court visited the port to inquire into the allegations against Nellore district administration and the port