NTPC to sell gas at EGoM price
National Thermal Power Corporation (NTPC) will buy gas for its Kawas and Gandhar projects at a price fixed by an empowered group of ministers (EGoMs).business Updated: Dec 19, 2010 21:20 IST
National Thermal Power Corporation (NTPC) will buy gas for its Kawas and Gandhar projects at a price fixed by an empowered group of ministers (EGoMs). The state-run company, which has close to 3,600 MW gas-based generation capacity, will utilise gas for its other projects as well.
“We’ve approached the government to allocate gas from the Krishna Godavari (KG) basin block, and at whatever price the EGoM decides, it’ll be acceptable to us,” said Arup Roy Choudhury, chairman and managing director, NTPC. NTPC is in litigation with Reliance Industries Ltd (RIL) over the supply of gas from KG basin. “There’ll be no out-of-the-court settlement.”
NTPC’s Sipat project (near Bilaspur in Chhattisgarh) would get operational in January, said Choudhury. On nuclear power project, he said a project will be set up in collaboration with Nuclear Power Corporation of India Ltd in Haryana, though Madhya Pradesh is also an option. “We want 30% of our total generation to be from other sources by 2030.”
The NTPC chief denied of coming up with any follow-up offer in near future. “It’s the government to decide on this, but we don’t have any plan right now,” Choudhury said.