NTPC's claims may find place in Govt's revised SLP
The government may incorporate power PSU NTPC's claim for natural gas from Mukesh Ambani-led RIL at a price committed in 2004, in its revised petition in the Supreme Court on the Ambanis' gas dispute.business Updated: Aug 21, 2009 21:55 IST
The government may incorporate power PSU NTPC's claim for natural gas from Mukesh Ambani-led RIL at a price committed in 2004, in its revised petition in the Supreme Court on the Ambanis' gas dispute.
NTPC's claim for gas at $2.34 per million British thermal unit was a rate RIL had committed in its tender of 2004 and this is likely to be incorporated in the revised SLP, a top official said.
The government has already filed a SLP in the Supreme Court seeking annulment of the part of the family MoU that provides for dividing natural gas from RIL's KG-D6 fields between companies run by brothers Mukesh and Anil Ambani.
"Government is committed to protecting NTPC's interest and top law officers are currently deliberating on how to incorporate its claim in the revised SLP," he said.
The issue was deliberated at length at the meeting of G-4 ministers headed by Finance Minister Pranab Mukherjee yesterday evening.
A statement issued by the government stated that "the Ministry of Petroleum and Natural Gas is committed to protecting the interests of NTPC by all means."
NTPC has taken RIL to Bombay High Court seeking supply of 12 million standard cubic meters per day gas for its Kawas and Gandhar expansion projects at $2.34 per mmBtu, the same price quoted by Anil Ambani Group firm RNRL to claim at least one-third of the peak output of 80 mmscmd from KG-D6.