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RIL gas row | NTPC may move Supreme Court this week

RIL gas row | NTPC may move Supreme Court this week
PTI
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First Published: Mon, Aug 17 2009. 04 55 PM IST
Updated: Mon, Aug 17 2009. 04 55 PM IST
New Delhi: State-run power producer NTPC is expected to move the Supreme Court this week to get Reliance Industries to execute a contract for gas supply, even as the Mukesh Ambani-run firm is challenging an identical prayer of Anil Ambani group firm RNRL.
NTPC will file a special leave petition before the apex court this week, a source familiar with the development said.
Solicitor General Gopal Subramanium is believed to have advised the government to find a solution to the gas supply row, saying “government cannot destroy the case of NTPC or any other PSU.”
A ministerial group had approved $4.2 per mmBtu as the value of gas from RIL’s KG-D6 fields, but before that the company had won a contract to supply 12 million cubic metres of gas per day to NTPC’s Kawas and Gandhar projects with a bid of $2.34 per mmBtu in 2004.
The government has separately filed a petition in the Ambani brothers’ gas dispute, saying it alone had the right to approve gas price.
To buttress its argument in its legal battle with NTPC before the Bombay high court, RIL had quoted the the ministerial group’s decision saying official nod was needed for pricing gas.
The Ambani row pertains to Anil Ambani group firm RNRL demanding gas from RIL at a price of $2.34 per mmBtu — the price discovered through the NTPC bid — but here-again RIL has been maintaining that the price needs government approval.
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First Published: Mon, Aug 17 2009. 04 55 PM IST
More Topics: NTPC | RIL | RNRL | Mukesh Ambani | Anil Ambani |