No plan to aid gas-based power plants at this juncture, says Power Minister

No plan to aid gas-based power plants at this juncture, says Power Minister

The government has decided to not provide support to gas-based power plants that are stranded or running at a sub-optimal level in view of the states’ reluctance to give any concession to these projects and rise in capacity utilisation of these plants, Parliament was informed on Tuesday.

“In the light of the reluctance of the States to give any waiver/ concession and the fact that gas-based power generation grew without any support, it was decided that there may not be any need to have any policy on providing support to the gas-based power plants at this juncture,” Power Minister RK Singh said in a written reply to the Rajya Sabha.

The minister told the House that the gas prices were falling since last year and in 2019-20 the plant load factor (PLF or capacity utilisation) of gas-based generating stations was 22.15 per cent and until August 2020, despite lower demand due to COVID-19, the PLF of gas-based power plants had risen to 26.64 per cent.

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