This ad will auto close in 10 seconds

NTPC not to implead in RIL-RNRL case: Power Ministry

Last Updated: Thursday, September 3, 2009 - 00:33

Noida: A day after the government moved an
application in the Supreme Court with the twin aims of
protecting its own and NTPC`s interests in the Ambani gas row,
the Power Ministry on Wednesday said the state-run firm will not file
a separate plea.

"Since Petroleum Ministry has come in the support of
NTPC, there is no need for NTPC to go to Supreme Court," Power
Secretary H S Brahma told reporters here.

The interlocutory application filed yesterday made it
clear that USD 4.20 per mmBtu price approved by the government for RIL`s KG-D6 gas was without prejudice to the state-run
firm`s case seeking the fuel from the Mukesh Ambani-run
company at USD 2.34 per mmBtu price committed in 2004.

It clarified that NTPC`s case against RIL was different
from the dispute between Mukesh Ambani firm and that run by
his brother Anil Ambani as USD 2.34 price was based on arms-
length international competitive bid. In contrast, Anil Ambani
Group was seeking gas by virtue of a private family agreement.
Brahma said NTPC will not implead itself in the ongoing
RIL versus Anil Ambani Group firm RNRL court case but was free
to appeal in the apex court on any aspect of its case against
RIL in the Bombay High Court.

The High Court had allowed RIL to amend its petition to
state that its 2004 bid would get frustrated because of the
Government`s stand that the sale price has to be first
approved by it.

Bureau Report

First Published: Thursday, September 3, 2009 - 00:33
comments powered by Disqus