Wednesday 22 December 2010

India's NTPC in talks with Qatar on investment, LNG supplies - Natural Gas | Platts News Article & Story

Indian state-owned power utility NTPC Ltd is in talks with the Qatari government for LNG supplies and investment by Qatar in the company's gas-generated power projects, company sources said Wednesday.

Industry sources confirmed that the company has been in talks with Qatar about investment in NTPC's gas fired power generation project at Kayamkulam in Kerala, southern India. NTPC received intimations that Qatar would be interested in picking up a stake in the company's projects, so they could be speaking to them on gas supplies for them, sources said.

"We have initiated talks at the embassy level on getting around 1.3 million cubic meters a day of gas for our power plants," Arup Roy Choudhury, chairman and managing director of the company was quoted saying by Indian daily Daily News & Analysis.

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