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Journalism of Courage
GAIL India Ltd has announced that Ratnagiri Gas and Power Pvt Ltd RGPPL is the name allotted by Registrar of Companies to the SPV floated by Gail and NTPC for revival of the Dabhol project.
The documents pertaining to incorporation have been filed. The new company will own and operate the assets of the erstwhile Dabhol Power Company. As a promoter, Gail8217;s role will be to source the LNG required to run the power plant.
In order to ensure the availability of required quantity, the company has already stepped up its efforts to source the required LNG from countries such as Qatar, Iran, Oman, Abu Dhabi, Malaysia, Indonesia, Australia, Brunei, Egypt and Algeria.
The company will also complete the remaining erection works of LNG terminal, which is 75 per cent complete and also operate the terminal.
NTPC would operate the power plant and negotiate the power purchase agreement with MSEB.
