The government’s third round of auction under the gas pooling scheme for stranded power plants has had a lukewarm response, as per the results that were announced today.
Bids for 7.2 million metric standard cubic meters per day (mmscmd) were placed in the third round, whereas the government was seeking bids for 8.9 mmscmd in this round. The indicative price in the auction was at USD 7.2-7.5 per mmbtu.
Torrent Power refrained from participating in the auction due to the high bidding price.
Following is the list of companies that won in this round of auction:
- GVK wins 0.67 mmscmd for 220 MW Jegurupaddu II plant
- GVK wins 0.32 mmscmd for 464 MW Gautami CCPP plant
- GMR wins 0.52 mmscmd for 370 MW Vemagiri plant
- GMR wins 1.08 mmscmd for 768 MW Rajahmundry plant
- NTPC wins 1.74 mmscmd for 1967 MW Dabhol TPS plant
- Lanco Infra wins 1.56 mmscmd for Kondapalli II & III plants
The government had offered a subsidy worth Rs 1600 crore for stranded gas based power projects.Watch video for more.
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