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Cos. Got Re. 20000 Cr Gas Wells For A Song: Arvind Kejriwal

DECEMBER 04, 2012

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 Cos. Got Re. 20000 Cr Gas Wells For A Song: Arvind Kejriwal

In its latest expose, Arvind Kejriwal of AAP has taken on Narendra Modi over the Tehelka report alleging irregularities in the sale of stake worth Rs 20,000 crore in Gujarat State Petroleum Corporation's (GSPC) gas exploration project in the Krishna Godavari Basin (KG). Kejriwal has alleged that the stake was sold to a foreign company for practically nothing.




According to Kejriwal, in August 2002, two companies had bid for the Krishna-Godavari Basin but gas worth Rs 20,000 crore was given to them for free. There was no bidding and GeoGlobal and Jubilant Empro were given two wells in the KG Basin for free.




Kejriwal also questioned Modi's links with the Adani Group, asking why the conglomerate was given land at Rs 1/ sq m when the prevailing market rate was Rs 300/ sq m. The Modi government had given 14,306 acres to Adani @ Rs 1 per sq m, whereas the market rate was Rs 300/ sq m. But when the IAF asked Gujarat for land, they were told that they would have to pay Rs 88 per square metre. The PM had to intervene to ensure allotment of land to IAF.





The Gujarat government bought electricity from Adani @ Rs 5.50 in 2007 even though the state-owned GMDC had offered electricity at Rs 2.25 in short term merchandise but the offer was ignored by the Modi government.



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