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India Utilities
Environmental Clearance for
a Few Coal Blocks
We believe the stance of the Ministry of
Environment and Forests is easing to an extent:
Over the last two weeks the MoEF has given Stage I
approval and/or reclassified “no-go” areas into “go”
areas for eight coal blocks. It has set the ball rolling on
pushing through some of the key approvals that have
been holding back development activities on various
power projects.
With this, some blocks will be eligible to apply for Stage I
clearance (once a mining plan is submitted, which can
take 10-18 months to prepare). Others with Stage I
clearance can apply for final clearance (Stage II) which
will succeed a public hearing, assuming all conditions
the MoEF specified are met. Hence, the timeline for final
clearance would still depend on the merits of each case.
On June 23, the MoEF granted Stage I approval to Tara,
Parsa East and Kante Basan coal blocks in Chhattisgarh,
overruling the decision taken by the Forest Advisory
Committee. Today the Ministry re-categorized five coal
blocks as “go” areas (Exhibit 1). The common reasons
for granting these approvals are:
1. There has been a substantial change in the mining
plan, thus reducing the requirement of very dense
and medium dense forest land.
2. The Ministry of Power and respective state
governments have been persistently following up
with the MoEF on these approvals.
3. The ultimate power projects are based on
supercritical technology, which is low on carbon
emissions.
4. All approvals come with the usual conditions on
monetary compensation, afforestation and wildlife
management.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
India Utilities
Environmental Clearance for
a Few Coal Blocks
We believe the stance of the Ministry of
Environment and Forests is easing to an extent:
Over the last two weeks the MoEF has given Stage I
approval and/or reclassified “no-go” areas into “go”
areas for eight coal blocks. It has set the ball rolling on
pushing through some of the key approvals that have
been holding back development activities on various
power projects.
With this, some blocks will be eligible to apply for Stage I
clearance (once a mining plan is submitted, which can
take 10-18 months to prepare). Others with Stage I
clearance can apply for final clearance (Stage II) which
will succeed a public hearing, assuming all conditions
the MoEF specified are met. Hence, the timeline for final
clearance would still depend on the merits of each case.
On June 23, the MoEF granted Stage I approval to Tara,
Parsa East and Kante Basan coal blocks in Chhattisgarh,
overruling the decision taken by the Forest Advisory
Committee. Today the Ministry re-categorized five coal
blocks as “go” areas (Exhibit 1). The common reasons
for granting these approvals are:
1. There has been a substantial change in the mining
plan, thus reducing the requirement of very dense
and medium dense forest land.
2. The Ministry of Power and respective state
governments have been persistently following up
with the MoEF on these approvals.
3. The ultimate power projects are based on
supercritical technology, which is low on carbon
emissions.
4. All approvals come with the usual conditions on
monetary compensation, afforestation and wildlife
management.
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