Financial Daily from THE HINDU group of publications
Friday, Dec 02, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Power
Government - Policy


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).

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Power | Policy



Stories in this Section
Cyclone `Baaz' may break out of jam to make landfall


Insurance companies may be allowed pension biz under existing entity
Renewable energy group opens secretariat in Delhi
IOB, Classic Jatropha tie up to promote biofuel
Pre-budget talks: FICCI pitches for corporate tax cut
Centre's fiscal deficit up 48.17 pc in April-Oct
FAPCCI plea to let Customs clearance of goods under ATA Carnet
SAFTA agreement finalised: Minister
`Big scope in Indo-EU agro-food trade'
`Barriers to Indo-US defence trade could be reduced'
Package for curbing spread of AIDS, says Manmohan
Centre to unveil pharma policy soon
Plan for regulatory body to ensure drugs quality
Convert molecules to drugs, says Kalam
AP Govt moves to promote more mini-pharma cities
Agilent compliance tool for pharma cos
NTPC told to buy gas from spot market to tackle shortages
Electricity Act changes cleared
CCEA approves PowerGrid transmission system
ONGC may contest I-T Dept's additional claim of Rs 1,000 cr
Govt working on relaxing labour laws in textile sector: Vaghela
Competition in textile trade gets tougher with dismantling of quotas
Urgent need to optimise availability of groundwater
Zee to telecast Sri Lanka test matches
SEZ model can be replicated in higher education: Nasscom
TN Chamber seeks solatium for small traders
Labour shortage worries Tirupur knitwear exporters
Kotra meet showcases wider collection of fabric samples
Textile machinery imports from Korea on the rise
2nd LCA prototype makes maiden flight
Dainik Jagran publisher files for IPO with SEBI
`First draft of HK ministerial meet of WTO disappointing'
Sourcing exhibition begins in Pune
`Pride of India Expo' in Hyderabad
2-day business meet in Mumbai
Alert us to breaches, Rlys tells public
Kerala Horticultural Corporation distributes vegetable stocks


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line