Jubiliant Energy denies Kejriwal's graft charges

Last Updated: Tue, Dec 04, 2012 16:20 hrs

New Delhi, Dec 4 (IANS) Jubilant Energy, in a statement issued Tuesday, denied accusations by Aam Aadmi Party founder and activist Arvind Kejriwal alleging a gift of 10 percent participating interest in the K.G. Deendayal gas block off the Andhra Pradesh coast.

"Jubilant Energy, a subsidiary of Jubilant Enpro, won the block in international competitive bidding in the third round of New Exploration Licensing Policy of the government of India. Jubilant Energy is a partner in the block and pays fully for its 10 percent share of expenditure," the statement added.

Jubilant Energy is the original partner in the block with Gujarat State Petroleum Corporation Ltd. (GSPC) as the operator of the block, it said.

"The block was awarded to Jubilant Energy by the Ministry of Petroleum and Natural Gas with 22 other blocks at the same time to various parties," the statement said.

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