NTPC likely to sign gas pact with RIL

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NTPC likely to sign gas pact with RIL
New Delhi, Sep 23: NTPC is likely to finally sign an agreement with Reliance Industries this week to buy government allotted natural gas at officially approved price of $4.20 per mmBtu, a oil ministry official said.

"NTPC has informed that they have got internal approvals for signing of the Gas Sales and Purchase Agreement (GSPA) and it may be signed in the next couple of days," an oil ministry official said.

In 2008, the government had allotted 2.67 million cubic metres per day of KG-D6 gas to NTPC's Kawas and Gandhar in Gujarat and Anta power plants in Rajasthan.

"Against an allocation of 2.67 mmscmd, GSPA for only 0.61 mmscmd of gas for Anta unit will be signed for now," he said.

"Government will have to take a call on reallocating the remaining gas to NTPC's other plants, " official added.

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