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Power Secretary H.S. Brahma revealed on Thursday that the nationalized power major, NTPC, may enter into an agreement with Reliance Industries for buying gas from the latter at $4.20 per unit for the Kawas and Gandhar plants.
"In all likelihood, NTPC will sign the Gas Sales and Purchase Agreement (GSPA) with RIL by this month-end," Brahma told reporters during a Federation of Indian Chambers of Commerce and Industry (FICCI) conference on Thursday.
But he has also disclosed that NTPC will fight with RIL for the purchase of the gas from Krishna-Godavari basin at $2.34 per unit for the Kawas and Gandhar plants.
NTPC has filed a petition in the Supreme Court against the Bombay High Court verdict which gave permission for Reliance Industries to make changes in the petition in the Krishna-Godavari gas row.
NTPC has plans to float worth Rs.21,000 crore to source the supercritical power equipment which has the potential to generate 7,260 MW electricity.
"NTPC will float the tender in the next 10 days for sourcing super-critical equipment for its nine 660 MW unit and two 660 MW units of Damodar Valley Corp (India's first multipurpose river valley project)”, he added.
