Reverse E-Bidding to ensure adequate Fuel Supplies for Gas based Power Plants: Goyal
The Dollar Business Bureau (sourced from PIB) Three phases of auction of e-bid Re-gasified Liquefied Natural Gas (RLNG) have been completed so far and 4th phase is presently under operation from October 1, 2016 to March 31, 2017. Under the 4th phase, Power System Development Fund (PSDF) support ranging from Rs.0.21 per unit to Rs.0.22 per unit has been secured by the successful bidders in the reverse auction. Piyush Goyal, Minister of state (IC) for Power, Coal, New & Renewable Energy and Mines said this in a written reply to a question in Lok Sabha on Thursday. The Minister further informed the House that the Government has sanctioned a scheme for importing spot Re-gasified Liquefied Natural Gas (RLNG) in 2015-16 and 2016-17 for the ...
Revival of stranded gas-based units to boost power generation
Sai Nikesh | The Dollar Business In a move to boost power generation in the country, the Government of India approved a major policy intervention to revive and improve the utilization of gas-based power generation units in the country. A decision to this effect was taken in a Cabinet Committee meeting on Economic Affairs, chaired by the Prime Minister, Narendra Modi, on Tuesday. To revive the stranded gas-based plants in the country, the government has announced a mechanism where the Regasified Liquified Natural Gas (RLNG) will be imported and supplied to these plants, boosting the overall power generation in the country. Through this move, 31 gas-based power units in the country with a capacity of 14,000 MW, those ...
