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RIL creating hurdles for Dadri project: Anil Ambani

Special Correspondent

"Gas supply was the only issue delaying the Dadri project"

LUCKNOW: Terming the rejection of the gas contract arrangement between Reliance Industries Limited and Reliance Natural Resource Limited (RNRL) for the Dadri power project as `premature' and `unfortunate', the Chairman of Reliance Energy Limited, Anil Ambani, said here today that instead of rejecting the arrangement it should have been referred to the expert committee.

Stating that Reliance Energy was fully committed to building the 8,000 mw world's largest gas based power project at Dadri, Mr Ambani emphasised that 4,000 mw power would be given to Uttar Pradesh. He further said that he was fully committed to the industrial development of UP. He added that the Dadri project was important for the country as well. Mr Ambani said in a statement that gas supply was the only issue delaying the Dadri project. In fact, Mr Ambani accused RIL (owned by Mukesh Ambani) for `deliberately creating hurdles'.

Mr Ambani said the RNRL gas contract with RIL was fully compliant with the production-sharing contract of the Ministry of Petroleum and mirrored the RIL-National Thermal Power Corporation deal arrived through international competitive bidding.

The Reliance Energy chief smelt a rat in the RIL sending the gas contract arrangement with RNRL only for approval to the Ministry of Petroleum whereas it has entered into a similar arrangement with NTPC.

Incidentally, Mr Ambani denied that RIL-RNRL gas supply arrangement for Dadri was part of the family settlement of 2005, and said the agreement was approved by the boards of both the companies in 2004. He said the gas contract was a corporate contract and involved the future of 20 lakh shareholders.

Mr Ambani said Rs 150 crore has already been invested in the Dadri project , which he added, had made substantial progress as all vital clearances including clearance from the Ministry of Forests and Environment were in place.

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