The auction of Government subsidy for use of imported lNG in gas-based power plants, currently getting sub-optimal supplies, ended today with the lowest price bid of Rs1.75 per unit. Eight power generators, including NTPC and Torrent Power, bid in the tender of 1.1 million standard cubic meters per day of imported gas (liquefied natural gas).
The bidders have 4,871 MW of electricity generation capacity that currently is running at sub-optimal capacity because of domestic gas scarcity. The bidding round concluded with only a single participant submitting the lowest price bid of Rs1.75 per unit, according to the auction details. Of the remaining four bidders, three submitted the financial bid at Rs1.96 per unit and one at Rs1.97 per unit. The auction started at a base price of Rs2.06 per unit, considering a plant load factor (PlF) or capacity utilisation of 35 per cent of the installed capacity.