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Committed to drawing Reliance gas for Delhi region: NTPC

Category :India Sub Category :National,Business
2009-09-04 00:00:00
   Views : 755

Mumbai, Sep 4 - State-run power utility NTPC Friday said it was 'committed to drawing the allocated gas' from the Krishna-Godavari hydrocarbon basin for projects in the national capital region that includes Delhi, even though it was fighting a legal battle with the contractor, Reliance Industries Ltd (RIL).

'NTPC is committed to drawing the allocated gas for its national capital region gas-based power stations at Anta, Dadri and Faridabad, without prejudice to its rights and contentions in the ongoing suit between NTPC and RIL,' said the company in a statement to the Bombay Stock Exchange (BSE).

NTPC plans to use 2.67 million units of gas for the NCR plants.

The power utility is fighting a legal battle with the Mukesh Ambani-headed Reliance Industries for gas supplies at $2.34 per unit for 17 years based on a tender floated a few years ago.




Author :Indo Asian News Service



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