Translate

Tuesday, May 5, 2009

RIL may ink gas sale pact with Ratnagiri Gas: report

Reliance Industries Ltd. (RIL) may sign an agreement this week to sell gas to Ratnagiri Gas & Power Pvt. Ltd. (formerly Dabhol Power Company). According to reports, Ratnagiri board is scheduled to meet on May 8 to consider the accord to buy 2.5mn cubic meters a day of gas from RIL.

The agreement would benefit RGPPL as its contract with Petronet LNG is slated to expire by September. The power plant requires about 5.6 mmscmd by October to double its generation capacity to 1,200 mw. It will need gas of 8.4 mmscmd to run the plant at full capacity of 2,150 mw.

According to an official of the Maharashtra State Electricity Distribution Company, the agreement is likely to be signed at the government approved well-head price of US$4.2 per million metric British thermal unit (mmBtu). RGPPL will have to pay an additional US$1 per unit for transportation.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
18:00 Consumer Price Index (YoY) 3 2.4% 2.5% 2.3%
18:00 Building Permits (MoM) 1 -6.6% 2.2% -5.3% Revised from -4.1%
20:00 EIA Crude Oil Stocks Change 1 -3.644M 0.100M -4.304M
22:30 10-Year Note Auction 1 4.421% 4.342%
23:30 Monthly Budget Statement 2 $-316B $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (YoY) 1 -0.3% -0.3%
04:15 Electronic Card Retail Sales (MoM) 1 0%
04:31 RICS Housing Price Balance 1 -3% -3%
06:30 Consumer Inflation Expectations 2 4.1%
11:30 Industrial Production (MoM) 2 -0.5% -0.7%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener