Financial Daily from THE HINDU group of publications
Friday, Dec 09, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Power


Power regulator pulls up GAIL, ONGC

Our Bureau

Hyderabad , Dec. 8

GAIL and ONGC were pulled up by the Andhra Pradesh Electricity Regulatory Commission (APERC) for not being able to fulfill their gas supply obligations as per the power purchase agreements with independent power producers (IPPs).

These relate to GVK extension, Konaseema, Gouthami and Vemagiri projects with a combined installed capacity of 1499 MW. The APERC Chairman, Mr K. Swaminathan, pulled up the counsel of these two undertakings for attending the hearing for a second time without information about their plans of gas supply to the projects. Last time, when the hearing took place on November 5, the commission had to adjourn due to inadequate details.

"You should have at least partially complied with the questionnaire furnished by the commission," the commission chairman observed.

The commission expressed concern about the delays as this has direct bearing on electricity consumers in the State. It may be recalled that the State had signed the power purchase agreements with the independent developers after ONGC and GAIL had given a firm commitment of gas supply.

While all these projects are nearing completion, the two companies have pleaded that there was gas shortage. And if the IPPs opt for naphtha instead of natural gas, the power generation cost would be about Rs 5 per unit. If naphtha is used, the consumers would have to bear additional cost of Rs 1,020 crore per year.

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

More Stories on : Power



Stories in this Section
BPO job registry to be released soon


`Fanoos' slows down, but sticks to charted course
China's auto sector set to enter critical phase
Ensuring sustained development in a democracy not an easy task: PM
Bihar to seek `special category' status
CII marketing green industrial park in Jadcherla
Kamal Nath to discuss Asean-India FTA today
Advanced training for eye surgery
Bengal to seek PwC advice for transport sector restructure
LPG shortage largely under control: Aiyar
`Iran-Pak-India pipeline project on track'
Bitter medicine beneath the sugar-coated diplomacy
Centre tries hi-tech initiative to monitor power stations
Power regulator pulls up GAIL, ONGC
SSIs invited to Paris fair
Advanced degree H-1B visas likely to dry up soon
Govt responsible for CAS failure, says House panel
Hyderabad school wins award
IPE students get quiz prize
Dubai Gold hopes to raise sales 25 pc in shopping fest
Spot gold may correct lower
FAPCCI plea to withdraw FBT
BMW looking to source components from India — Signs pact with TN for CKD plant
Speed - a point in TN's favour
Signature campaign
Schemes for poor to be linked in Kerala
World Bank plans to make coal institute a centre of excellence
Seed producers chalk out plan to discourage child labour
ICAI southern regional meet in Kochi from today
Chamber plans event series in Thiruvananthapuram
Meet on `Kerala Studies'
KSINC's first houseboat ready
Adesh Gupta is FDDI Chairman


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