New Delhi: An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is likely to meet on 10th November to decide on allocating natural gas from fields like Reliance Industries' KG-D6 to six upcoming power plants, reports PTI.
"The EGoM was previously scheduled to meet on 2nd November but it has now been put off to 10th November," a top government official said.
The panel, which had last met on 28th July, is likely to decide on allocating gas to six power plants that have been certified by the Central Electricity Authority (CEA) of being commissioned by in the Eleventh Five-Year Plan ending March 2012.
"The six plants certified by CEA have a requirement of 15.59 million standard cubic meters per day of gas (mmscmd)," he said.
The EGoM is to consider allocating 4.67 mmscmd to the 1,500MW Bawana project in national capital, 3.08 mmscmd to Lanco's 770MW Kondapalli expansion project in Andhra Pradesh, 3.07 mmscmd for GMR's 768MW Vemagiri expansion project in Andhra Pradesh, 2.62 mmscmd to the 702MW Pipavav project in Gujarat, 1.31 mmscmd to the 351MW Hazira unit of Gujarat State Electricity Corporation and 0.84 mmscmd for the 225MW Kashipur project in Uttarakhand.
The official said seven other projects including Anil Ambani Group's 2,400MW Samalkot expansion project in Andhra Pradesh may not be considered for allocation of gas just yet.
"Currently, only the plants that have CEA certificate of completion will be considered. There are seven other plants which say they will be commissioned by 2012 but those will be considered after CEA certifies their claims," he said.
The 2,400MW expansion project planned by ADAG firm Reliance Power would need 8 mmscmd of gas.
The official said RIL is expected to reach 80 mmscmd of output from its eastern offshore KG-D6 fields sometime in 2012 or 2013. It currently produces about 57-58 mmscmd as opposed to close to 64 mmscmd of gas being allocated by the government to urea manufacturing units, power plants, LPG units, city gas projects, steel plants and refineries.
Besides, state-owned exploration and production (E&P) major Oil and Natural Gas Corporation (ONGC) is to produce around 9 mmscmd more gas in 2011-12. Another 8 mmscmd is expected to be available from GSPC's KG basin fields in 2012-13.
The seven plants awaiting CEA certification would in all need 20.96 mmscmd of gas. 4.48 mmscmd gas has been sought for the 1,200MW project that Torrent Power is setting up at the Dahej SEZ in Gujarat, 0.4 mmscmd for the 100MW unit of Pandurang Energy Systems in West Godavari District of Andhra Pradesh and 1.62 mmscmd for the 436MW plant of RVK Energy in East Godavari District, also in Andhra Pradesh.
Another 1.4 mmscmd was sought for the 382.5MW Sugen Phase-1 in Gujarat and 2.53 mmscmd each for the 800MW Jegurupadu expansion and the 800MW Gautami Stage-II, both in Andhra Pradesh.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
