Private power producers pitch for gas price pooling
30/06/2014 16:38
Private power producers have made a pitch for pooling the price of domestic as well as imported gas aimed at revamping over Rs 1 trillion worth of plants stranded due to scarcity of fuel, reported PTI. In a letter to the Power Minister Piyush Goyal, Association of Power Producers' a lobby representing as many as 20 private generators, said the government should seriously consider pooling the prices of natural gas, as per the media reports. According to media reports, the power generation companies are seeking to balance any rise in domestic or international gas prices by pooling them and deriving at an average rate. "Generation of environment friendly gas-based power can be achieved through implementation of pooling mechanism through appropriate pricing of domestic gas and imports of natural gas," Ashok Khurana, Director General of Association of Power Producers, said in the letter to the Power Minister. "The entire gas based power capacity of 24,149 MW constitutes an investment outlay of more than Rs 1,20,000 crore and debt exposure of nearly Rs 85,000 crore," Khurana said.
30/06/2014 16:38
Private power producers have made a pitch for pooling the price of domestic as well as imported gas aimed at revamping over Rs 1 trillion worth of plants stranded due to scarcity of fuel, reported PTI. In a letter to the Power Minister Piyush Goyal, Association of Power Producers' a lobby representing as many as 20 private generators, said the government should seriously consider pooling the prices of natural gas, as per the media reports. According to media reports, the power generation companies are seeking to balance any rise in domestic or international gas prices by pooling them and deriving at an average rate. "Generation of environment friendly gas-based power can be achieved through implementation of pooling mechanism through appropriate pricing of domestic gas and imports of natural gas," Ashok Khurana, Director General of Association of Power Producers, said in the letter to the Power Minister. "The entire gas based power capacity of 24,149 MW constitutes an investment outlay of more than Rs 1,20,000 crore and debt exposure of nearly Rs 85,000 crore," Khurana said.
