Essar gets permission for controversial forest clearance – MoneyWeek

TheStageOneclearanceofMahancoalblockwillspeedupthesupplyoffueltoEssarEnergysnearby1,200megawattMahanphaseIpowerproject,whichisduetobecommissionedinthenearfuture。

Theblockwasallocatedin2006toMahanCoalLtd,ajointventurebetweenEssarEnergyandHindalco。

NareshNayyar,ChiefExecutiveOfficerofEssarEnergy,saidtheMahanIpowerplantwilldelivermuchneededelectricityforthepeopleofIndia。

Thisisamajorstepforwardinourstrategyofprovidingfullfuelsecurityforallofourpowergenerationassets,therebyeliminatingpriceanddeliveryrisks。

Wealsointendtosetthebeststandardsinprotectingtherightsandlivelihoodsofnearbyvillagers,restoringforestcoverfollowingminingworkandconservingwildlife,Nayyaradded。

TheTimesofIndiareportedonOctober15ththatenvironmentalistshavebeenconcernedabouttheexpansionofcoalminesintheregionandtheeffectsitwillhaveonforestdwellers。

AccordingtoestimatesinareportentitledCounteringCoal,around1。

1mhectaresofforestisunderthreatintheCentralIndianregionfromjust13coalfields。

IftheIndiangovernmentimplementsitsexpansionprogrammethenover14,000tribalpeoplewilllosetheirtraditionalhomesandwayoflifeinjustonecoalblockofMahanalone,thereportsays,accordingtotheTimesofIndia。

JH

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