labels: Reliance Energy, Tata Power Company, Power
Tata Power, GVK, GMR ask government to ensure their share of KG gas news
08 July 2009

Private power companies such as Tata Power, GVK, GMR and Torrent have sought government intervention to ensure that the Ambani vs Ambani spat does not hinder KG basin gas supplies to them.

The move comes as the Anil Ambani-headed Reliance Natural Resources Ltd has moved the Supreme Court to get Mukesh Ambani-led Reliance Industries accept the Bombay high court order without any fresh negotiations.

With the Bombay HC awarding a huge chunk of the gas from RIL-operated KG basin gas fields off the east cost, other private power companies fear that the implementation of the court order will affect gas supply and affect their businesses badly.

RNRL chief Anil Ambani today met secretaries of the petroleum ministry to ensure that the government does not become a party in the company's ongoing dispute with RIL over gas supply.

RNRL's counsel Mahesh Aggarwal also shot off a letter to the ministry of petroleum and natural gas stating that the ministry has been joined by RIL in its SLP in the Supreme Court as an "intervener only, and not as a party respondent."

RNRL has also sought a stay on all gas allocation to other companies from RIL-operated blocks in the KG basin. RIL, on the other hand, has sought a stay of the Bombay high court order.

The Supreme Court, meanwhile, asked both parties to file their replies to the notices to each other. The Supreme Court may also ask the government to clarify its stand on the issue.


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Tata Power, GVK, GMR ask government to ensure their share of KG gas