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Ratnagiri Power to get priority for Reliance gas

Projects

Ratnagiri Power Project, set up in Maharashtra by Enron of the US, will get priority for gas produced by Reliance Industries Ltd from the Krishna-Godavari basin.

While confirming the overall prioritisation of sectors, the government accorded priority to Ratnagiri Power Project Ltd along with fertiliser units.

The power project will be supplied 1.4 million metric standard cubic metre per day (mmscmd) between January and March next year, 2.7 mmscmd till September and 8.5 mmscmd thereafter.

The allocation, however, is subject to commencement of production, within the overall allocation of 18 mmscmd for the power sector decided earlier.

The supply will be made at a selling price of $4.2 million British thermal units for all customers. This excludes the transportation cost and tax.

Ratnagiri power project is now a joint venture between two state-run enterprises, NTPC and GAIL. Projects in Andhra Pradesh have also staked claimed to Reliance gas.

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