Dabhol power plant to buy LNG from India's Reliance from Oct 1
Mon. September 21, 2009; Posted: 06:09 AM
NEW DELHI, Sept 21, 2009 (Asia In Focus via COMTEX) --
RLNIY |
Quote |
Chart |
News |
PowerRating -- The beleaguered Dabhol
power plant will from October 1 start buying natural gas from
RELIANCE INDUSTRIES LTD (RIL) (BSE:500325) to cut electricity
generation cost at India's largest gas-fired unit. "Yes, we
will start taking (RIL's) KG-D6 gas from October 1," the
Managing Director of RATNAGIRI GAS AND POWER PVT LTD (RGPPL),
the company that runs the 2,150 MW power plant and adjoining
LNG receipt facility in Ratnagiri district of Maharasthra, A K
Ahuja, said.
* The government has more than doubled RGPPL's allocation
from KG-D6 to 5.67 million standard cubic meters per day that
will help generate about 1,000 MW of electricity.
* RGPPL was initially allocated 2.7 mmscmd of gas for the
period between April and September but the company had not draw
even a single unit as it had a running contract with PETRONET
LNG LTD to buy imported liquefied natural gas.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index