Price insisted the approval was made on scientific grounds with input from the CSIRO and Geoscience Australia.
Price has been reportedly under pressure from Queensland Members of Parliament to approve the plan before Prime Minister Scott Morrison calls a general election and the parliament enters caretaker mode, at which point the incumbent Liberal-National Party coalition (LNP) would have to consult with the opposition Australian Labor Party (ALP) before granting the approval.
"This is a commercial project".
As the project is commercial, it will not receive any financial support from the Federal Government.
Adani is also awaiting finals approvals from the Queensland government before can start mining at Carmichael.
The GDEMP was independently evaluated by Geoscience Australia and the Commonwealth Scientific and Industrial Research Organisation (CSIRO), and has gone through 11 assessment rounds with both the Australian and Queensland Governments, according to Adani.
The Federal Government has given a big rubber stamp to the endlessly controversial Adani Carmichael coal mine project, sparking an immediate backlash from environmental campaigners and removing one of the final hurdles before the Queensland endeavour gets underway.
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"Throughout the past 18 months, the federal department provided us with certainty of process and timing, including the steps involved in the independent review by CSIRO and Geoscience Australia experts". So far only 16 of 25 environmental plans have been finalised or approved by the Commonwealth and Queensland with nine more to be finalised.
The other was the Black-throated Finch Management Plan.
Federal Opposition Leader Bill Shorten suggested the approval was suspect, saying "maybe the government's chose to rush the decision out on Adani so they don't have to talk about a bigger problem that they have created on their own".
The Groundwater Dependent Ecosystem Management Plan (GDEMP) requires that Adani ensure the protection of the Doongmabulla Springs and animals that rely on the groundwater in the area surrounding the mine.
Environmental groups have raised concerns about the impact of groundwater bores at the Carmichael coal mine site on the Great Artesian Basin, which is the source of groundwater for large parts of the region.
Morrison was continually interrupted by anti-Adani protestors while giving a luncheon speech in Brisbane on Monday.
She claimed that the project has undergone the most rigorous approval process of any mining project in Australia.