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Home News Power Sector News NTPC will not file SLP in supreme court in gas dispute: Power secretary

NTPC will not file SLP in supreme court in gas dispute: Power secretary

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Power SecretaryAfter the petroleum ministry moved an application in the Supreme Court with the twin aims of protecting its own and NTPC’s interests in the Ambani gas row, the power ministry said the state-run firm NTPC will not file a special leave petition as suggested by law department. “Since petroleum ministry has come in the support of NTPC, there is no need for NTPC to go to the Supreme Court,” Power Secretary H S Brahma told reporters.

The interlocutory application filed by  petroleum ministry made it clear that $4.20 per mBtu price approved by the Government for RIL’s KG-D6 gas was without prejudice to the state-run firm’s case seeking the fuel from the Mukesh Ambani-run company at $2.34 per mBtu price committed in 2004.

It clarified that NTPC’s case against RIL was different from the dispute between Mukesh Ambani’s company and that run by his brother Anil Ambani, as the $2.34 price was based on an arms-length international competitive bid. In contrast, Anil Ambani group was seeking gas by virtue of a private family agreement.

Brahma said NTPC will not implead itself in the ongoing RIL versus Anil Ambani group firm RNRL court case but was free to appeal in the apex court on any aspect of its case against RIL in the Bombay High Court.

The high court had allowed RIL to amend its petition to state that its 2004 bid would get frustrated because of the government’s stand that the sale price has to be first approved by it.

Source - Business Standard
 

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