Empowered group of ministers to decide on Reliance Industries Limited gas allocation to power plants

An empowered group of ministers (EGoM) is likely to meet on Thursday to decide on allocation of natural gas from Reliance Industries’ eastern offshore K-G D6 fields to various power plants.

“The Election Commission has given a go-ahead to hold the EGoM meeting at 1 pm on April 9,” a top official said. EGoM headed by external affairs minister Pranab Mukherjee would decide which power plant will get how much of K-G D6 gas and when.

Currently, gas-based power plants face a deficit of about 36 million cubic meters per day, while only 18 mmcmd out of K-G D6’s initial 40 mmcmd output has been allocated to them. The meeting was originally scheduled for last month itself but had to be postponed after a senior MP complained to the EC that the ministers’ panel was going to allocate the gas to power plants in Andhra Pradesh and Maharashtra, giving the ruling Congress party in the two states an advantage for making an election promise of giving free power to farmers.

To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com