Industry & Economy
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Petroleum
Reliance plans to invest $1.3 b in Krishna Godavari gas field
Our Bureau
New Delhi
,
June 15
RELIANCE Industries Ltd (RIL) has filed a plan with the Government to develop the `D6' gas field located off the coast of Andhra Pradesh. In its proposal, the company has said that in the first phase, entailing an investment of $500 million, 14 million standard cubic metres per day (mmscmd) production would commence from August 2006. In the second phase, $800 million would be invested, leading to a higher production of 40 mmscmd by 2008-09. Reliance has a 90 per cent stake in the D6 gas block in the Krishna Godavari basin, with the remaining 10 per cent held by Niko Resources, a Canadian firm.
The first phase production would find its way to National Thermal Power Corporation's (NTPC) proposed 1,300 MW-each power plants at Kawas and Gandhar. RIL recently bagged a contract for supply of gas to the power projects for a 17-year period. The energy major would be laying a pipeline from Kakinada to Uran for transporting the gas to the power stations.
In the second phase, the additional gas recovered from the reserve would be supplied to the Reliance's 3,500 MW power station that is proposed to be set up in Dadri, Uttar Pradesh.
The production would be enhanced to 60 mmscmd if RIL bags NTPC's tender for supply of gas to its proposed 2,300 MW power plant at Kayamkulam, Kerala.
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