Gas subsidy auction for power plants likely in few weeks
The third reverse e-auction to provide subsidy to buy gas for running stranded power projects and those operating at sub-optimal level is likely to be conducted in a few weeks. "The third reverse e-auction to provide subsidy for purchasing RLNG (R-Liquefied Natural Gas) imported by GAIL is likely to be conducted in few weeks' time," a source said. The source said, "The decision in this regard would be taken by a committee headed by an Additional Secretary in the Power Ministry next week. The gas will be supplied during non-monsoon session (April-June)." Another source said, "Government wants to import 10 Million Metric Standard Cubic Meter Per Day (MMSCMD) through GAIL under the Power System Development Fund (PSDF)." Earlier last year, th.....