RIL-NTPC gas price needs govt okay: Govt

RIL-NTPC gas price needs govt okay: Govt (News Courtesy By : EconomicTimes)NEW DELHI: The government has said that the price at which Reliance Industries supplies natural gas to some power plants of state-owned utilityNTPC would have to be approved by it. That price, $2.34 per million British Thermal units (mmBtu), was arrived at through a competitive bidding in 2003. “The price offered by the contractor (RIL) to NTPC will require scrutiny and approval of the government under the PSC,” said the...

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Deal in Copenhagen likely, India under more pressure: Pachauri

Deal in Copenhagen likely, India under more pressure: Pachauri (News Courtesy By Hindustan Times)Thanks to recent announcements by the US and China, there may be a deal at this month's Copenhagen climate summit, Intergovernmental Panel on Climate Change (IPCC) chief RK Pachauri said on Tuesday. This would put more pressure on India, which needed to quantify the steps it was taking to reduce global warming, he added."India is at the crossroads" on this issue, Pachauri said at a press conference in New Delhi, urging Prime Minister Manmohan Singh to attend the final two days of the Dec 7-18 climate...

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