State-run power company NTPC said today that it will sign the gas purchase agreement with Reliance Industries (RIL) for its gas-based power plants other than the projects for expanding the Kawas and Gandhar units, on which litigation is going on with RIL.
"We are willing to sign the GSPA (Gas Sale and Purchase Agreement) but not for the Kawas and Gandhar expansion projects," NTPC CMD R S Sharma clarified to reporters in the national capital.
The company has been allocated 2.67 million standard cubic metres of gas per day (mmscmd) from Reliance Industries prolific KG-D6 basin for its gas-based power projects, which have a capacity of nearly 4,000 Mw.
The state-run firm was initially reluctant to take the allocation and said it will not compromise its court case against RIL, which allegedly did not comply with a 2004 tender.
NTPC had earlier said that it would seek legal opinion before signing the agreement so that its legal case with RIL is not jeopardised.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app