Anil steps up anti-RIL drive | business | Hindustan Times
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Anil steps up anti-RIL drive

Industrialist Anil Ambani today blamed elder brother Mukesh Ambani-run RIL again for delays in his group's proposed 8000 MW gas-based Dadri power plant and alleged that RIL was deliberately keeping gas output down to keep prices high. What's the dispute?

business Updated: Aug 04, 2009 02:02 IST

With less than a month left for Supreme Court to take up the gas dispute case between Mukesh and Anil Ambani and the government, the feud intensified on Monday.

Anil blamed his elder brother’s Reliance Industries Ltd (RIL) for delays in his group’s proposed 8,000 mw gas-based power plant at Dadri in Uttar Pradesh. He also alleged that RIL was deliberately keeping gas output from its D6 gas block in Krishna Godavari (KG) basin down low to keep prices high.

“Dadri is not operational due to RIL’s mala fide intentions,” Anil said reacting to Petroleum Minister Murli Deora’s statement in Parliament that the proposed power plant would be considered for allocation of gas.

RIL Anil alleged, had not given Reliance Natural Resources Ltd a fuel supply contract on the basis of which he could move towards financial closure of the Rs 30,000 crore project.

Anil said production was being deliberately kept low because of lack of demand. The delivered price of the gas, he said, translates into nearly $7 (Rs 335) per unit, against the selling price of $4.20 (Rs 200) per unit, due to transportation costs and taxes.

RIL refused to comment on Anil’s remarks.

Anil renewed his demand for an independent audit of RIL’s KG-D6 field costs of Rs 45,000 crore by the Comptroller and Auditor General and Central Vigilance Commission, and sought reduction in the gas transportation tariff of $1.25 (Rs 60) per unit charged by RIL for transporting gas from the KG basin to consumers.