9 plants win 7.62 mmscmd gas at premium of Rs 18.29 cr


9 plants win 7.62 mmscmd gas at premium of Rs 18.29 cr9 plants win 7.62 mmscmd gas at premium of Rs 18.29 cr Nine power plants, including that of Dabhol, GMR and Lanco , emerged as successful bidders in the e-auction of natural gas, securing 7.62 mmscmd gas for running a total 5,942 MW capacity. With the secured gas supplies, these plants will generate a total 6.79 billion units during six months to September 2016 and save Rs 18.29 crore in government subsidy. In the previous two auctions held in May and September last, the bidders had won government subsidy of about Rs 2,750 crore to buy imported gas to revive stranded power plants. The e-auction was conducted this morning which went on for almost two hours. Under the reverse e-auction, bidders quoted negative subsidy, or premium of up to three paisa per unit to secure gas supplies.


Read more at: http://www.moneycontrol.com/news/wire-news/9-plants-win-762-mmscmd-gas-at-premiumrs-1829-cr_5956821.html?utm_source=ref_article

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