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Publish Date : 07-Sep-2016

The Central Government is ensuring power for all, by announcing revival of nine stranded gas based power production plants with an installed capacity of 5,070 mw.

These facilites were bid via an open and competitive reverse e-auction process. These plants would produce 8.81 billion units of power which will be supplied at or below Rs 4.70 per unit to the buyer Discoms between October 1, 2016 and March 31, 2017.

An official said, "This will involve government support of Rs. 187.14 crore from the Power System Development Fund. The fourth phase of Reverse E-Auction for the Stranded Gas based plants was conducted under Scheme for Utilization of Stranded Gas based Generation Capacity."

The auction process successfully ended on September 3, 2016 in which nine plants emerged as preferred bidders and were assigned 9.93 mmscmd e-bid RLNG.

The current reverse e-auction for the Stranded Gas based Plants is Phase IV of auctions conducted under Scheme for Utilization of Stranded Gas Based Generation Capacity.

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