Petroleum Ministry to support NTPC in legal battle against RIL
August 19th, 2009 - 7:55 pm ICT by ANI ( Leave a comment )New Delhi, Aug 19 (ANI): Union Petroleum Ministry on Wednesday assured its support to National Thermal Power Corporation (NTPC) in the legal battle to get natural gas from Mukesh Ambani’s Reliance Industries Limited (RIL) as per the rates decided in 2004.
The ministry said it would not allow the interest of the NTPC to be compromised.
According to sources, Petroleum Secretary R. S. Pandey conveyed the decision to Power Secretary H. S. Brahma and NTPC Chairman R. S. Sharma.
NTPC has drawn RIL to court seeking supply of 12- million metric standard cubic meters
(mmscmd) gas for its Kawas and Gandhar projects as per the rates quoted in the 2004 tender that is USD 2.34 per million British Thermal Unit (mmBtu).
The NTPC is also thinking to claim damages from the RIL for the difference between government approved price of USD 4.2 per mmBtu and the one committed in the tender, sources said.
Earlier the Attorney General and the Solicitor General opined that the RIL could not be allowed to move about from the commitment made through a global bid and the NTPC could take the matter to court. (ANI)
- NTPC may sign gas agreement with Reliance Industries - Sep 10, 2009
- NTPC not asked to sign deal with Reliance: Government - Jul 13, 2009
- NTPC asks ministry to address gas marketing margin issue - Sep 25, 2009
- NTPC willing to buy gas from Reliance Industries - Jun 23, 2009
- KG basin gas output 31 percent lower - Aug 02, 2011
- Government making consultations on gas price hike - Nov 13, 2009
- 'Natural gas prices may be revised soon' - Mar 22, 2010
- NTPC, oil ministry to file petitions on Reliance gas (Second Lead) - Aug 25, 2009
- NTPC moves apex court against Reliance Industries - Sep 05, 2009
- RNRL wins legal tussle over gas supply - Jun 15, 2009
- Delhi to start gas-based power project - Sep 13, 2010
- Committed to drawing Reliance gas for Delhi region: NTPC - Sep 04, 2009
- Anil Ambani firm wins legal tussle over gas supply (Lead) - Jun 15, 2009
- Petroleum ministry vows to protect NTPC's interests (Second Lead) - Aug 21, 2009
- Mukesh Ambani's Reliance denies gas pact with brother's firm - Jan 14, 2009
Tags: attorney general, brahma, british thermal unit, cubic meters, damages, kawas, mukesh ambani, natural gas, New Delhi, ntpc, opined, petroleum ministry, power secretary, reliance industries, reliance industries limited ril, solicitor general