Footnote to Neduvasal blog:
Footnote to Neduvasal blog: After seeing an article about
the land lease for the project and the copies of exploration licenses issued to
ONGC by the state government, have this to say on scrapping of the project.
Like the Jallikattu issue, it is well within the scope of
the farmers and the State Government to get the project cancelled.
One, the farmers can either ask for the land lease to be
scrapped legally if they find the lease clause has been violated, or if they do
not want to give fresh lease to the new operators who would be taking over
after the recent bid round and awards.
Second, the earlier mining license issued by the State was
for exploration to ONGC. Now, the new operator has to seek fresh mining license
for production, and the State can deny the rights. So, effectively in two
simple steps they can put a full stop to the Neduvasal project.
This is not a large or a prolific field that any operator
can and rake in profits, so this is no big upset to the indigenous oil
production targets. It would if at all only be a setback to Tamil Nadu – viewed
as an investor unfriendly state. One need not worry about that. Perceptions can
keep changing.
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