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NTPC in Talks With GAIL for Sourcing Gas Supplies

  • State-run NTPC today said it is in talks with GAIL for signing a long-term term pact for sourcing imported gas for its plants.
  • The company is in initial talks with GAIL for sourcing gas, provided it finds buyers for the electricity produced from those plants.
  • "We are talking to GAIL for sourcing gas through long term agreement only if we find buyers," NTPC CMD Arup Roy Choudhury told reporters here.
  • "If we have a long term buyer for electricity from those gas-based plants ...say 25 years then sourcing fuel through an agreement with GAIL is feasible," he added.

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