Subsidy extension unlikely for gas-based power plants
The government is unlikely to extend the subsidy support scheme for stranded and under-utilised gas-based power stations. The scheme is due to end next month. The power ministry is of the view that a long-term solution should evolve for bailing out the 24,000 MW gas-based power stations languishing for want of fuel, sources in the know of the development said. Senior officials in the ministry of power declined to comment on the issue. Power companies have asked the government to extend the scheme for another two years. “We have been requesting to continue with this scheme as a short-term solution till a longterm solution can be evolved for making gas-based generation viable,” said Ashok Khuarana, director general at Association of Power Pr.....