CPL fails to get approval
The ONGC's proposal to set up a Special Economic Zone for petro-chemical units in Gujarat has got green signal from an Environment Ministry panel.
In a recent meeting, Environment Ministry's Expert Appraisal Committee (EAC) recommended the ONGC's proposed Dahej SEZ in Bharuch in Gujarat for environment clearance.
To be developed by Dahez SEZ Ltd (a special purpose vehicle of Gujarat Industrial Development Corporation and ONGC), the proposed complex will be spread over an estimated area of 1,500 hectares and host various petrochemical units. Once developed to its full capacity, it is expected to attract an investment of Rs 50,000 crore to Rs 60,000 crore.
The total cost of the project is estimated at Rs 295 crore. However, another Special Economic Zone (PhaEZ Park) proposed in Ahmedabad in Gujarat by private pharmaceutical firm CPL Infrastructure Pvt Ltd failed to get approval. "The committee has sought additional information from the project proponent such as details of quality of waste water before giving it approval," a committee member said.
The project proponent has also been asked to submit a disaster management plan and emergency evacuation plan for natural and man-made disasters off site and on site.
