Reliance wants PNGRB refund

Vol 17, PW 14 (27 Feb 14) News in Brief
     

Reliance is convinced India's retail gas licensing rounds are going nowhere.

On February 10, Reliance wrote to PNGRB chairman S. Krishnan demanding a full refund of Rs5.24cr ($843,400) the company paid in 2009 as fees to participate in future CGD bidding rounds.

“We'd planned to take all the big cities in India or at least 12 to 15 cities in each state," says a Reliance source. "But it has been more than four years and the Board has just awarded eight cities under two CGD rounds.

” Reliance participated in the second round in 2009 bidding for Rajahmundry in Andhra Pradesh, Yanam in Puducherry and Shahdol in Madhya Pradesh. Reliance won all three cities in 2013 after a four-year delay but by then Reliance had lost interest and walked away from the awards.

Separately, a recent audit by the Comptroller and Auditor General exposed delays of up to 39 months by the PNGRB in issuing authorisations to develop CGD projects.