March 30, 2012 5:22 PM

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Green Tribunal suspends environment clearance to Posco

The environment clearance granted to South Korean major Posco's proposed mega steel project in Orissa was today suspended by the National Green Tribunal.

The environment clearance granted to South Korean major Posco's proposed mega steel project in Orissa was today suspended by the National Green Tribunal. The Tribunal directed the Union Environment and Forest Ministry to review afresh the clearance for the long-delayed project and attach specific conditions which Posco would have to follow in a defined timeline.

The tribunal decision has come just days after Prime Minister Manmohan Singh assured South Korean President Lee Myung-bak in Seoul that the project will be implemented and there was progress on it.

Environment Minister Jayanthi Natarajan ,however, has said that the Tribunal decision is not a setback to the project in the wake of the assurance by the Prime Minister.

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