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The Centre today announced that nine stranded gas-based power generation plants with an installed capacity of 5070 MW have succesfully bid and allotted 9.93 mmscmd through a transparent and competitive reverse e-auction process.
This was made in the fourth phase of reverse e-auction for the stranded gas-based plants conducted under scheme for utilisation of stranded gas-based generation capacity.
These plants would generate 8.81 billion units of electricity that will be supplied at or below Rs. 4.70 per unit to the purchaser Discoms during the period from October 1, 2016 to March 31, 2017. This will involve government support of Rs. 187.14 crore from the Power System Development Fund.
The auction process was concluded on September 3 wherein 9 plants emerged as preferred bidders and were allocated 9.93 mmscmd e-bid RLNG.
The present reverse e-auction for the stranded gas-based plants is the fourth phase of auctions conducted under scheme for utilisation of stranded gas-based generation capacity.
The grid connected gas-based power generation capacity in the country is 24,150 MW. Of this, a capacity of 14,305 MW had no supply of domestic gas. These comprise 29 plants that were eligible to participate in the auction process held today. Fourteen plants with a cumulative installed capacity of 7575 MW participated in the auction process for Phase IV.
The successful bidders include power plants in southern region. The generation from these plants would improve the power availability in the southern grid, mitigating to a large extent the shortage of availability and constraint of evacuating the power to the southern region from other regions.
The Centre has been supporting the revival of such stranded power plants as a measure to ensure 24x7 power to all.
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