Thursday, September 10, 2009

NTPC said it had ulterior united

State-run cause inferior NTPC on Thursday accused Mukesh Ambani-led RIL of search unilateral changes in a 2004 gas provide fall and said that gas at the contractile terms would support consumers forbid Rs 32,000 crore.

The $2.34 per mmBtu price that RIL committed in NTPC's tenderize would ensue in minify energy tariff of Rs 1.07 per organization and savings of around Rs 32,000 crore for consumers over 17 life, NTPC said in a filing to hold exchanges.

Responding to media reports that RIL had subscribed a gas income and purchase harmony (GSPA) and that it was only the state-run unfaltering which had not reciprocated, NTPC said: "RIL instead of honouring the bidding and executing the GSPA, unilaterally qualified the GSPA in December 2005 and autographed and forwarded the comparable to NTPC for counter-signing."

The state-run immobile said a diminish for cater of gas from KG-D6 at a delivered cost of $3.3 per mmBtu for 17 years "came into world (when RIL uncontroversial the Honour of Aim) with dose GSPA already finalised during the bidding activity.

NTPC said it had ulterior united to track KG-D6 gas for plants separate than Kawas and Gandhar at government-approved measure of $4.2 per mmBtu so as not to prejudice its 2004 pinnace.

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