The phrase "is currently proceeding" is correct and usable in written English.
You can use it to refer to an ongoing process or activity. For example, "The court case is currently proceeding and is expected to reach a verdict soon."
Work is currently proceeding on the foundations, and the arch will be assembled and slid into place by 2015.
The tinkering is currently proceeding at a particularly vigorous pace; but do not mistake that for impending abolition.
"The master of Moscow University established contact with the Russian-flag warship Marshal Shaposhnikov which is currently proceeding to the vessel's position".
All the above mentioned system parameters are currently being tested with the objective of a full validation of HELCZA facility during its commissioning phase, which is currently proceeding.
This paper is about measurements, analyses and evaluation of residential PV systems in the Japanese Monitoring Program, on which JQA was subsidized by NEDO (New Energy Development and Industrial Technology Organization) that is currently proceeding [NSS R&D] from FY1997 to FY 2000.
The U.S. Department of Agriculture USDAA) is currently proceeding with the development of organic aquaculture regulations that could allow wild fish and ocean-based fish farms to be certified organic.
The FA declined to comment yesterday because hearings of the others are currently proceeding, but the agents have been notified.
That leaves Australia as one of just "two countries that are currently proceeding with major coalmining development", along with India, the report says.
However, Miliband admitted that only two of the demonstration projects - those from Scottish Power and E.ON - are currently proceeding to the next stage of the CCS competition.
Guided by the test production results, we decided to manufacture aerogels by the conventional method and are currently proceeding with mass production.
They said one of the relief wells was currently proceeding ahead of schedule, but was still at least a month away.
