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Friday, Dec 02, 2005


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NTPC told to buy gas from spot market to tackle shortages

Our Bureau

New Delhi , Dec 1

WITH gas shortages affecting power generation over the last six months, the Government has asked National Thermal Power Corporation (NTPC) to purchase gas for its power stations from the spot market.

Outlining the measures by the Centre to tackle the shortage of gas, the Union Power Minister, Mr P.M. Sayeed, has told Parliament that his Ministry had also asked the Ministry of Petroleum and Natural Gas to increase availability of gas from domestic sources by awarding gas blocks for exploration and production under the New Exploration and Licensing Policy (NELP) and encourage import of gas in forms of liquefied natural gas.

In a written reply to a question in the Rajya Sabha, Mr Sayeed said NTPC was also planning to forms joint venture for diversifying into captive mining. Besides approaching Coal India Ltd for development of mining blocks through the joint venture route, NTPC has appointed a consultant for preparing documents for selection of a joint venture partner, he added.

NTPC plans to take up 2,000 MW of nuclear capacity in joint venture during 2002-17 in the Twelfth Plan period.

It plans to add about 17,000 MW of generation capacity during the Eleventh Plan period (2007-2012).

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