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Home News Power Sector News NTPC will loose 30,000 crores owing to corporate greed of RIL: Anil Ambani

NTPC will loose 30,000 crores owing to corporate greed of RIL: Anil Ambani

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ANIL AmbaniTerming NTPC as an “innocent victim” of Mukesh Ambani-led RIL's corporate greed, Mr Anil Ambani warned that the power PSU could lose up to Rs 30,000 crore if it did not get gas at the committed rate of $2.34 per mmbtu. Offering every possible cooperation to NTPC, Mr Anil sought a meeting with Power Minister Mr Sushil Kumar Shinde to clarify that his group company RNRL was not at all attempting to scuttle the PSU's chance of getting 12 mmscmd gas, contrary to “speculative media reports and misinformation campaign by vested interests”.

In a letter to Mr Shinde, Mr Ambani, who is fighting a bitter battle with RIL for getting 28 mmscmd gas at 2.34 per mmbtu, said, “We firmly believe that NTPC, like RNRL, is an innocent victim of RIL's corporate greed, which is reflected in its attempt to back out of its solemn and legal contractual commitments.”

Mr Anil Ambani had earlier written a letter to the Prime Minister Mr Manmohan Singh last month wherein the industrialist urged Mr Singh to direct the petroleum ministry to “cease from overtly and covertly attempting to intervene in our commercial dispute with RIL”.

Mr Anil had written the letter in the wake of Petroleum Ministry moving the Supreme Court seeking annulment of a Memorandum of Understanding between Mukesh-led RIL and Anil group firm RNRL.

Source- Businessline


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