Reliance Industries has complained
to Power Ministry about NTPC`s reluctance to sign an agreement
to buy gas from it and said that the power PSU stands to lose
Rs 15,000 crore if it imports LNG.
Anil Ambani group firm RNRL on Sunday said RIL`s communication to the government is a conclusive evidence that there were no takers for the gas at high prices offered by it.
State-run power utility NTPC Ltd
has signed an agreement to buy gas from GAIL India for 10
years at a delivered price of close to USD 8 per million
British thermal unit.
Criticizing govt for `keeping quiet` for long on the Ambani MoU, former Oil Minister Ram Naik said the ministry should have made a stronger case in the Bombay HC to protect its policy.
A former bureaucrat has asked the government to allow a public debate on RIL gas deal with the catastrophe-like situation emerging due to the tussle between the Ambani brothers.
NTPC on Saturday said it will continue to fight legally for the fuel`s contracted price from RIL and seek Power Ministry`s help.
India`s supreme audit institution CAG Saturday said it is in the process of auditing government`s gas contract with Mukesh Ambani-led RIL, but has not been able to access the books of the contractor for about two years.
India today relaunched its largest
ever auction of oil and gas exploration areas, aiming to
attract USD 3-4 billion investment towards boosting energy
Day in Pics: 29th August
August 29, 2014
Famous Ganesh Pandals in Mumbai