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Odisha hopes Posco project will be back on track

November 15, 2014 Leave a comment

The much delayed POSCO project in Odisha is likely to see the light of the day, after the Chief Minister Naveen Pattnaik hoped that the Prime Minister’s assurance would put the project on track.

Prime Minister Modi had assured South Korean President Park Geun-hye at Myanmar that the government would offer full support for the establishment of the mega steel plant proposed by Posco in Odisha.

“With regard to the Posco project, he (Modi) expressed his full support for it and said he would make efforts with the Odisha state government to resolve any outstanding issues,” said a statement issued by the Korean government website Nov 13.

Both the leaders met at the Korea-India summit, organised on the sidelines of the ASEAN Summit, held at Nay Pyi Taw, Myanmar.

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Categories: Metallurgy Tags: ,

POSCO, OPTCL sign deal to draw power

January 23, 2010 Leave a comment

POSCO India, which received Stage II clearance from the MoEF for its 12 million tonne steel plant at Jagatsinghpur in Orissa, recently signed an agreement with Orissa Power Transmission Company (OPTCL) to receive 24 MW power.

The power is to be utilised by POSCO for its construction activities at the plant site near Paradip as it has initiated various activities including infrastructure development to expedite the project work.

After making detail design and getting approval from OPTCL, the company is likely to begin the tower construction work to draw this power and the power supply will be operational from March 2012.

Categories: Power Tags: , , ,

Stage-II forest clearance for Posco’s Orissa plant

January 2, 2010 Leave a comment

Pohang Steel Company (Posco) of South Korea has received the much-awaited Stage II forest diversion clearance from the Ministry of Environment and Forests (MoEF) for its Rs 54,000-crore, 12-million tpa integrated steel project in Orissa.

According to sources, the Ministry permitted diversion of 1,253.225 hectares of forest land for Posco India to set up an integrated steel plant and a captive port. The company requires a total of 5,525 acres, of which 4,004.19 acres is needed for the project site and the balance for the township at Paradeep in Orissa. Of this 4,004.19 acres, 437.66 acres is private land, 607.74 acres is non-forest government land, and 2,958.79 acres is state forest land.

The Centre had granted the Stage I environmental clearance to Posco India in October 2008.

Posco requires around 4,004.19 acres for its project in Jagastsinghpur district of Orissa. Of this, 2,958 acres was marked as village forest and protected forest in state government records. Though the company signed an MoU with the state in June 2005, the latter has not been able to procure any land due to public opposition since much of the area was forest land and needed to be diverted for non-forest use.

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