The Rs 24,200-cr coastal project has run into trouble because of differing views on its threat to local ecology
The government’s attempt at reviving investor interest in its flagship Ultra Mega Power Projects (UMPP) scheme after a four-year lull is headed south – quite literally. One of the two such newly-announced projects in Cheyyur village, 96 kilometre south of Chennai in Tamil Nadu, has been engulfed in a controversy spanning economic, social and ecological domains. With the National Green Tribunal last month restraining the authorities from awarding the Rs 24,200 crore project, the future hints at a long-drawn battle between the protesting local inhabitants and the project proponent, Power Finance Corporation (PFC), which arranges clearances before such projects are bid out to companies.
The preliminary work on the Cheyyur UMPP began in 2006 with teams from the Central Electricity Authority, the power ministry’s technical and planning wing, conducting site visits in Cheyyur, one of the four sites identified in the state for a UMPP project. A Special Purpose Vehicle called the…………… Read more: http://www.business-standard.com/article/economy-policy/cheyyur-power-project-trips-over-environmental-clearance-113112001126_1.html