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NTPC keen to get LNG from Qatar by FY12

Steel News - Published on Tue, 28 Dec 2010

Mr Inderjit Kapoor commercial director of NTPC on the sidelines of a Confederation of Indian Industry meeting said that “We have showed interest in providing them equity in gas-based power projects in India and bringing LNG from there. Talks are going on regarding this. On Monday, our delegations had a meeting with the Qatar government. They are keen on the project and we expect it to be worked out before 2012-13, or may be by next financial year.”

The country’s biggest power generator is keen to get Qatar in Kayamkulum project as the Gulf nation would in return bring gas for the plant. He said that “We may offer them stakes in projects at Kayamkulam in Kerala and Ratnagiri Gas and Power Pvt Ltd.”

Regarding the company’s Bangladesh plans, he said that “Today, a meeting is going on in Delhi to decide on the implementation of Khulna project. It is expected to happen soon. The details of the deal like power sharing will be decided by the joint venture company between NTPC and Bangladesh Power Development Board.”

The company has plans to build coal based power plants at Khulna and Chittagong. Last month, Mr Arup Roy Choudhury CMD of NTPC told Business Standard it would commence work on the 2x660 MW Khulna plant, the company’s first overseas project, by May 2011. He said that “For the second project at Chittagong, feasibility study is going on.”

Both India and Bangladesh had signed a MoU to form an equal joint venture between NTPC and BPDB to develop two power projects of about 1,320 MW and during the visit of Bangladesh Prime Minister Sheikh Hasina earlier this year.

(Sourced from BS)

Posted By : admin on Tue, 28 Dec 2010
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