Sunday, August 2, 2009

NTPC may lose up to Rs 30K cr if gas not supplied at $2.34: Anil

Amid a bitter battle with elder brother Mukesh Ambani over gas, Anil Ambani today cautioned the government that NTPC would lose up to Rs 30,000 crore if the fuel is not supplied by RIL at the committed rate of $2.34 per mmbtu.

Offering to clarify that his group company RNRL's position was in no way against the interests of NTPC, Anil sought an early meeting with Power Minister Sushil Kumar Shinde and said, "We would be delighted if NTPC, a navratna, gets its rightful share of 12 mmscmd of gas for 17 years at a price of $2.34, which was discovered through open transparent international competitive bidding in 2004."

Anil wrote a letter to Shinde on July 31 and sought a meeting to discuss the matter.

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