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Gas-based plants may get to sell power in spot market

The government is considering a proposal to allow gas-based power plants to sell electricity in the spot market under a subsidy scheme. “We are contemplating if we can work out a mechanism where these gas-based power plants can also sell on power exchanges without depending on the power purchase agreements,” a government official said. The proposed e-RLNG (re-gasified liquefied natural gas) scheme, being drafted by power and oil ministries as per the recommendations of a high-level empowered committee headed by cabinet secretary PK Sinha, is likely to require lesser than earlier projected subsidy due to softened global crude oil prices, the official said. As per the proposal, the government is considering gas auction mechanism for the elect.....

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