NSA to deliberate on Technoprom issue today

NSA to deliberate on Technoprom issue today
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First Published: Tue, Nov 25 2008. 12 58 AM IST

Dispute settlement: National security adviser M.K. Narayanan. PIB
Dispute settlement: National security adviser M.K. Narayanan. PIB
Updated: Tue, Nov 25 2008. 12 58 AM IST
New Delhi: India’s national security adviser, or NSA, M.K. Narayanan will hold a meeting on Tuesday to discuss the contractual disputes and bribery probes into Russia’s Technoprom Exports over the supply of boilers to NTPC Ltd’s Barh project, among others.
Dispute settlement: National security adviser M.K. Narayanan. PIB
The meeting has been called after the Russian government communicated its position of holding up India’s request for a stake in Sakhalin-3 hydrocarbon reserves until contractual disputes and bribery probes into Technoprom are resolved, as reported by Mint on 24 November.
“The NSA will take a meeting on the Technoprom issue on Tuesday. Ours is a contactual issue which is already under adjudication,” said a senior Union power ministry official who did not want to be identified because of the sensitive nature of the issue.
The Technoprom saga involves the Rs8,700 crore Barh power project in Bihar that was started in 1999 with Technoprom getting the contract in February 2005. While the Russian supplier is demanding more money for the equipment, citing higher steel prices, the matter has been complicated following a probe involving India’s Central Bureau of Investigation as well as Interpol over alleged bribes paid for the boiler supply contract through an offshore transaction.
“This is an issue that is entirely for the power ministry to resolve. They have to take a view on it,” said a top petroleum and natural gas ministry official who did not want to be named.
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First Published: Tue, Nov 25 2008. 12 58 AM IST