Wednesday 16 September 2015

Govt short-lists 13 gas-based power projects for subsidy

The projects were shortlisted after they participated in a reverse e-bidding process conducted by MSTC on Tuesday for the supply of power to state power discoms.


The Government on Tuesday shortlisted 13 power projects with an installed capacity of 8,262.08 megawatts (MW) for receiving natural gas subsidy.

Approximately 13.5 million metric standard cubic metres per day (mmscmd) of The Government on Tuesday shortlisted 13 power projects with an installed capacity of 8,262.08 megawatts (MW) for receiving natural gas subsidy.

Approximately 13.5 million metric standard cubic metres per day (mmscmd) of liquified natural gas (LNG) will be imported and cash-strapped state power distribution companies (state power discoms) will be financially supported to buy electricity from them.

The projects were shortlisted after they participated in a reverse e-bidding process conducted by MSTC on Tuesday for the supply of power to state power discoms.

These plants will generate 11.03 billion units of electricity, which will be supplied at or below Rs. 4.70 per unit to the discoms during 1st October 2015 to 31st March 2016.

This will involve government support of INR 1,590.09 crore from the Power System Development Fund (PSDF), the Power Ministry said in a statement. (LNG) will be imported and cash-strapped state power distribution companies (state power discoms) will be financially supported to buy electricity from them.

The projects were shortlisted after they participated in a reverse e-bidding process conducted by MSTC on Tuesday for the supply of power to state power discoms.

These plants will generate 11.03 billion units of electricity, which will be supplied at or below Rs. 4.70 per unit to the discoms during 1st October 2015 to 31st March 2016.

This will involve government support of INR 1,590.09 crore from the Power System Development Fund (PSDF), the Power Ministry said in a statement.

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