Business Daily from THE HINDU group of publications
Thursday, Nov 30, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Petroleum
States - Andhra Pradesh
Get Latest BSE Quote
AP, Reliance agree on gas supply

Our Bureau

Hyderabad , Nov 29

Reliance Industries and the Andhra Pradesh Government today agreed to create a gas grid in the State and pave the way to formulate supply terms for gas from the Krishna-Godavari (KG) basin.

The move follows a recent assurance made by Reliance Chairman Mr Mukesh Ambani that the gas produced from the KG basin will first meet the State requirement before being supplied to other consumers across the country.

AGREEMENT

It is learnt that following parleys between Chief Secretary Mr J. Harinarayana, and Reliance officials today, Reliance agreed to provide the necessary gas supplies to industrial consumers, power and fertiliser plants, RTC buses and domestic consumers through a gas grid.

However, consumers would enter into a separate supply agreement depending on the requirements.

Reliance is set to evacuate gas from the KG basin by June 2008. The State is concerned about gas supply.

The Reliance assurance comes as a shot in the arm for the Government as gas-based power generating stations with total capacity of about 2,500 MW are unable to operate to capacity due to paucity of gas. In fact, of the 2,500 MW, about 1,200 MW is yet to go on stream due to inadequate gas.

More Stories on : Petroleum | Reliance Industries Ltd | Andhra Pradesh

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



Stories in this Section
`Companies should relax recruitment parameters'


Govt hopes to get Pension Bill passed
ICC arbitration court keen to extend presence
Declining Joint Families — Looming social security crisis
Petrol, diesel prices cut
US ready to partner India's growth story: Lavin
Indo-Australian Chamber to hold marketing meet on Dec 5
BPCL designs mobile fuel dispensing tanker for Army
Indian Oil, Bongaigaon boards okay merger plan
Price cut may ease inflation: Chidambaram
Relief over cut in petrol, diesel prices
AP, Reliance agree on gas supply
Abu Dhabi company to lend $1 b for power projects
Kaiga power units to become operational by next year
Govt wants shipping cos to drop petition on service tax
Telecom sector taxes may come under scanner
Hank yarn output matches obligation target
Textile ind body seeks cut in duty for man-made fibre products
French B-school to set up entrepreneur centre
Talk on future of equities
Kochi Builders' meet to begin on Saturday
Honeywell turns focus to eastern India market
CII to conduct corrosion audit
Ascendas may set up Rs 500-cr bio-IT park in Chennai
Potential for radiation processing tech seen
NGRI scientists bag awards
Fiat among 17 FDI plans cleared
British Tele application `deficient'
Patents can enhance shareholder value: EU expert
Helping the poor help themselves thru MBOPs
`SPEED 2006' to be held in Madurai from Dec 3-6
Fokana plans project package for Kerala
Indian, AI merger may get income-tax relief
Vanaspati industry split over duty-free imports
Nandan Biomatrix launches standardised plant extracts


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

Copyright 2006, 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