Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Politics / EGoM to decide on RIL gas allocation tomorrow
BackBack

EGoM to decide on RIL gas allocation tomorrow

EGoM to decide on RIL gas allocation tomorrow

Premium

New Delhi: An Empowered Group of Ministers (EGoM) is likely to meet on Thursday to decide on allocation of natural gas from Reliance Industries’ eastern offshore KG-D6 fields to various power plants.

“The Election Commission (EC) has given a go-ahead to hold the EGoM meeting at 1300 hrs on 9 April," a top official said.

EGoM headed by external affairs minister Pranab Mukherjee would decide which power plant will get how much of KG-D6 gas and when.

Currently, gas-based power plants face a deficit of about 36 million cubic meters per day, while only 18 mmcmd out of KG-D6’s initial 40 mmcmd output has been allocated to them.

The meeting was originally scheduled for last month itself but had to be postponed after a senior MP complained to the EC that the ministers’ panel was going to allocate the gas to power plants in Andhra Pradesh and Maharashtra, giving the ruling Congress party in the two states an advantage for making an election promise of giving free power to farmers.

“The EC has been briefed of the necessity of holding the EGoM meeting and it has agreed for the same," he said.

The EGoM meeting has been necessitated with the beginning of natural gas production from the KG-D6 fields. Production is slated for a quickly ramp up to 20 million cubic meters per day by next month, creating surplus beyond the about 15 mmcmd allocation made to 15 urea making plants.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 08 Apr 2009, 07:27 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App