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ALL INDIA INSTALLED CAPACITY

ALL INDIA INSTALLED CAPACITY

Sunday, May 16, 2010

Gas to RNRL only if available: Finance Minister

The government on Friday said allocation of natural gas to companies like Anil Ambani Group's RNRL will depend on availability of the fuel after supplying to already designated users. Allocation to new plants like Anil Ambani group's proposed power plant in Dadri, UP, would be made "when the gas will be available. I cannot be distributing a non-existing and non available resource," Finance Minister Pranab Mukherjee said . The comment comes within days of the Supreme Court upholding the government's sovereign right on gas, while giving its verdict on the four-year-old gas pricing and supply dispute between the group firms of Mukesh and Anil Ambani.
"We had already taken certain decision. Those decisions ought to the implemented... for certain sectors, we had indicated that gas will be available to you as and when you are in a position to take the gas (or) absorb the gas," Mukherjee said. The Supreme Court had on May 7 rejected RNRL's plea for 28 mmscmd gas at USD 2.34 per million British thermal unit - 44 per cent lower than Government approved rates, for 17 years from RIL under a 2005 private family agreement between brothers Mukesh and Anil.





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