Central government mulling subsidy scheme for gas-based TPPs

The central government is considering a Rs 180 billion subsidy scheme to provide imported gas at subsidised rates to stranded power projects. A high-level empowered committee has suggested that the power and oil ministries should jointly frame a scheme for the revival of 25 GW of gas-based power plants on the lines of the earlier e-bid regasified liquefied natural gas (LNG) scheme. According to the scheme, the government is considering a gas auction mechanism for the electricity generating units by pooling domestic gas with LNG and subsidising the tariffs.

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