Revival scheme for stressed gas-based projects put on hold

The government has reportedly shelved the proposed revival scheme for 24,000 MW gas-based projects due to low global gas prices and unwillingness of states to forego taxes. However, it will allow stressed plants to put in pooled bids with renewable energy projects.

Reportedly, the government will allow all conventional sources in the next tender to support renewable plants supply round-the-clock electricity. Currently, one bid for 5,000 MW round-the-clock supply is out where 49 per cent is coal-based and 51 per cent is renewable energy. The government was reportedly mulling a scheme earlier to procure 4 GW of power from stranded gas-based plants.

 

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