lanco Kodapalli Power has secured the highest allocation of 3.11 mmscmd of gas followed by Dabhol project at 2.43 mmscmd for 6 months till March in an e-auction by Power Ministry. The auction for supplying 9.93 mmscmd gas for a six-month period till March, 2017 was conducted on Saturday by the Ministry under Power System Development Fund (PSDF), an initiative to revive the stranded gas based power plants.
With secured gas supplies, the 9 plants that emerged as the lowest bidders will generate a total 8.81 billion units of electricity, which would be supplied at or below `4.70 per unit for the said period.
“The lanco Kodapalli Power has been allocated 3.11 mmscmd gas for a period of six months till March next year and it will generate 2.8 billion units of electricity during the period,” a source said. The second highest allocation of 2.43 mmscmd was secured by Ratnagiri Gas and Power, also known as Dabhol project.
It will generate 2.17 billion units of electricity during the said period, the source added. Pioneer Gas Power and GMR Vemagiri Power Generation secured 1.08 mmscmd and 1.03 mmscmd respectively and would generate close of a billion unit of electricity each in the 6-month period.