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Wednesday, Sep 23, 2009
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Business Daily from THE HINDU group of publications Wednesday, Sep 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Petroleum Corporate - Corporate Disputes
NTPC will not discuss the GSPAs for Kawas and Gandhar plants as it was involved in litigation with RIL for gas supplies to the proposed expansion projects of the two stations in Gujarat Our Bureau New Delhi, Sept. 22 NTPC Ltd is ready to sign a pact “in a day or two” with Reliance Industries Ltd (RIL) for buying gas from the latter’s D6 block in the Krishna-Godavari Basin, except for its Kawas and Gandhar stations. A senior Petroleum Ministry official told newspersons here on Tuesday that NTPC has conveyed its decision to sign the Gas Sales and Purchase Agreement (GSPA) for 0.61 million standard cubic metres per day (mscmd) of gas for its plants in Faridabad, Dadri, and Anta shortly. The Government had in April allocated 2.67 mscmd of D6 gas at $4.2 per million British thermal unit (mBtu) (landfall point) for NTPC’s plants in Faridabad, Dadri, Anta, Kawas, and Gandhar. However, NTPC had conveyed to RIL that it will not discuss the GSPAs for Kawas and Gandhar plants as it was involved in litigation with RIL for gas supplies to the proposed expansion projects of the two stations in Gujarat. The official said, “we are told that NTPC will sign the agreement in a day or two.” Asked whether the issue of marketing margin between RIL and NTPC has been resolved, the official said, “We are told that the NTPC board has approved it. All issues have been resolved. NTPC also has been given an option to draw more gas, if required.” RIL is charging $0.135 per mBtu as marketing margin. Indications are that NTPC may take the entire 0.61 mscmd at its Anta plant. According to the utilisation policy, the Government has allocated 0.03 mscmd for NTPC’s Anta plant, 0.45 mscmd for Dadri, 0.13 mscmd for Faridabad, 1.76 mscmd for Kawas, and 0.3 mscmd for Gandhar. The Petroleum Ministry had convened a meeting of companies on the issue of GSPA. As regards signing of GSPA with the gas-based LPG plants, the official said, ONGC is expected to sign the agreement for buying 0.4 mscmd of D6 gas soon. And the remaining players of city gas business who have been allocated but yet to ink the pact are also expected to follow suit. Recently, the Director-General of Directorate General of Hydrocarbons (DGH), Mr V.K. Sibal, had said that the block has the potential to produce gas that is over four times the estimated peak output of 80 mscmd. RNRL moves apex court to make NTPC a party to case with RIL Reliance says NTPC knew gas price was subject to Govt nod NTPC moves apex court against HC order in gas row Centre seeks to ring fence NTPC’s D6 gas claim NTPC to get gas from Reliance at $4.2 More Stories on : Petroleum | Corporate Disputes | Reliance Industries Ltd | NTPC Ltd
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