Cabinet gives approval for utilization of
stranded gas based generation capacity
The Cabinet Committee on Economic Affairs
gave its approval to a policy to revive and
improve utilization of gas based power
generation capacity in the country.18
This
capacity has been under-utilized due to shortfall
in the production of domestic natural gas in the
country. The policy will create a mechanism
through which Regasified Liquified Natural Gas
(RLNG) will be imported to supply to stranded
gas plants so that they can generate power.
Under this mechanism, the central and state
government will exempt the imported RLNG
from certain taxes and levies. Gas transporters
and re-gasification terminals will reduce their
transportation tariff, marketing margin and regasification
charges on RLNG. The central
government has also proposed to provide support
to Discoms from the Power System Development
Fund (PSDF) through a transparent reverse ebidding
process.
With the discovery of domestic natural gas in the
Krishna Godavari river basin, the availability of
natural gas in the country was expected to
increase. This led to the setting up of several gas
based power plants. However, the supply of
domestic gas to power plants from the river basin
started declining in 2012 and completely stopped
in March 2013. Since then, these gas based
power plants have been under-utilized or not
operating. This new mechanism is expected to
improve the supply of natural gas to these plants.
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