Friday, October 25, 2013

NTPC seeks government intervention to extend KG gas supply beyond 2014

NTPC has requested the Union government to extend gas supplies from the D6 block in the Krishna Godavari (KG) basin beyond 2014. Way back in 2009, an empowered group of ministers (eGoM) allocated...
4.46 million standard cubic metres per day (mmscmd) to this Maharatna company. The present gas sale agreements are valid till March 2014, as the allocation of KG D6 gas was made for five years. According to a media report, NTPC has recently informed the power ministry that from a fuel security point of view, continuation of supply of KG D6 gas in future is crucial for its gas stations. NTPC has currently 16 coal-based and seven gas-based stations across the country.
The company uses the KG D6 gas at its power stations in Anta, Auraiya, Dadri and Faridabad. NTPC has also informed the government that Reliance Industries Ltd (RIL) and its partners are unilaterally changing the terms and conditions of the gas-sale-purchase-agreement (GSPA) in their favour. NTPC has asked for the ministry’s intervention for resolution of differences over GSPA.
The board of directors of the company is meeting on October 29 in New Delhi, and the issue is likely to figure in the meeting.
The board will discuss the un-audited financial results of the company for the quarter and half-year ending September 30, 2013.
NTPC has commissioned the unit-VI of 500 MW of Rihand Super Thermal Power Project on October 7. With this the total installed capacity of Rihand Super Thermal Power Project has become 3000 MW, and the total installed capacity of NTPC group has become 41684 MW.
With a generating capacity of 41,684 MW (including 5,364 MW through JVs),  NTPC plans to become a 128,000 MW company by 2032.
NTPC, India's largest power company, was set up in 1975 to accelerate power development in India. It is emerging as an ‘Integrated Power Major’, with a significant presence in the entire value chain of power generation business. NTPC ranked 337th in the ‘2012, Forbes Global 2000’ ranking of the world’s biggest companies.

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