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.