|
| Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features |
| Pranab Mukherjee ~ Forex Rates ~ Bullion Rates ~ RBI ~ SEBI ~ Stock Markets |
|
Home
/ Business News / 2009 / August 2009 / August 19, 2009 |
Reliance Industries says future Pak Finance Minister not its money manager
Indian business bigwigs meet in Assam for development
Richest Indian Mukesh Ambani amongst Forbes top ten Billionaires
Centre doubles plan allocation for power sector
Plan allocation for Power Sector doubled
New benchmark must for speedy achievement of power for all: Shinde
India will be satisfied if Headley gets lifer: Home Secretary
US to employ a hard-line approach for China following Google deadlock
Lady Gagas racy Oz show has parents asking for concert classification
Reliance Industries says future Pak Finance Minister not its money manager
Liverpool suspends Riera for criticising Benitez
How the brain easily deciphers motion in Japanese line drawing
Union Petroleum Ministry on Wednesday assured its support to National Thermal Power Corporation (NTPC) in the legal battle to get natural gas from Mukesh Ambanis Reliance Industries Limited (RIL) as per the rates decided in 2004.
New Delhi, Aug 19 : Union Petroleum Ministry on Wednesday assured its support to National Thermal Power Corporation (NTPC) in the legal battle to get natural gas from Mukesh Ambani's Reliance Industries Limited (RIL) as per the rates decided in 2004.
The ministry said it would not allow the interest of the NTPC to be compromised.
According to sources, Petroleum Secretary R. S. Pandey conveyed the decision to Power Secretary H. S. Brahma and NTPC Chairman R. S. Sharma.
NTPC has drawn RIL to court seeking supply of 12- million metric standard cubic meters (mmscmd) gas for its Kawas and Gandhar projects as per the rates quoted in the 2004 tender that is USD 2.34 per million British Thermal Unit (mmBtu).
The NTPC is also thinking to claim damages from the RIL for the difference between government approved price of USD 4.2 per mmBtu and the one committed in the tender, sources said.
Earlier the Attorney General and the Solicitor General opined that the RIL could not be allowed to move about from the commitment made through a global bid and the NTPC could take the matter to court.
ANI
