New Delhi: The Government is delighted to announce the revival of 13 stranded gas based power generation plants with an installed capacity of 8262.08 MW which have successfully bid through a transparent and competitive reverse e-auction process. These plants would generate 11.03 billion units of electricity which will be supplied at or below Rs 4.70 per unit to the purchaser Discoms during the period from 1st Oct 2015 to 31st Mar 2016. This will involve government support of Rs. 1590.09 crore from the Power System Development Fund.
The present reverse e-auction for the Stranded Gas based Plants is the second phase of auctions conducted under Scheme for Utilization of Stranded Gas Based Generation Capacity. Compared to the first phase, the second phase has offered increased gas to more number of plants at a higher PLF.
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 which were eligible to participate in the auction process held today. For 13.5 MMSCMD of imported RLNG available, 16 plants with a cumulative installed capacity of 8,974 MW participated in the bidding.
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.
Government of India is committed to the revival of such stranded power plants as a measure to ensure 24X7 power to all.
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