Power Ministry floats 2 schemes to revive stranded gas-based power units

The Union Power Ministry has finalised two schemes to procure 4,000 MW from gas-based power plants to rescue stranded units put up at a cost of about Rs 1,00,000 crore.

The schemes include procuring 2,000 MW from gas-based plants through auction and bundling it with an equal capacity of solar power, said an Economic Times report.

It added that another 2,000 MW will be procured through online reverse auction, on a model similar to previous such schemes.

Stating that power producers welcomed the long awaited scheme, it quoted them as saying that it will bring almost 11,000 MW of stranded gas assets out of NPA situation.

“The scheme should be quickly implemented with all waivers,” Association of Power Producers director general Ashok Khurana reportedly said.

Image Credit : mydigitalfc.com

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