Power sector wants gas supply safeguards

Vol 10, PW 2 (18 May 06) News in Brief

Bureaucrats in the power ministry are worried that new guidelines for the petroleum and natural gas regulatory board drawn up by the oil ministry may not fully safeguard the interests of the power sector.

PETROWATCH learns the power ministry has asked NTPC to make suggestions on regulations to ensure the continued availability of gas to the power sector. NTPC officials have been asked to come prepared with suggestions on (Friday) 19th May to power ministry joint secretary AK Kutty.

NTPC and Kutty are later scheduled to meet power secretary RV Shahi. Based on these meetings, the power ministry wants to prepare a Note for Cabinet with suggestion on how to safeguard gas supplies to the power sector.

In March, parliament passed into law the Petroleum and Natural Gas Regulatory Board Bill to set up an independent regulator for the oil and gas sector.