Jubilant Energy has denied the charges made by Arvind Kejriwal of the Aam Aadmi Party on Tuesday alleging that a ‘gift’ of 10 per cent participating interest in KG Deendayal block in Gujarat was given to the company.

In a statement issued here on Tuesday, Jubilant Energy (subsidiary of Jubilant Enpro) said it won the block under international competitive bidding under the third round of the New Exploration Licensing Policy. “Jubilant Energy is a partner in the block and pays fully for its 10 per cent share of expenditure,” the release said.

Jubilant said it was the original partner in this block along with Gujarat State Petroleum Corporation Ltd, as the operator of the block.

“This block was awarded by the Ministry of Petroleum and Natural Gas, along with 22 other blocks at the same time to various parties, both PSUs and private sector. This block was originally an exploration block and the first discovery in this block was made much later in 2005,” the statement added.


(This article was published on December 5, 2012)
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