As per the new request for proposal documents issued by NTPC, the price of natural gas or LNG would be indexed up to 15 per cent with the consumer price index of the US in case the price is quoted in dollars.
However, in case gas price is quoted in Indian rupees, the price would be indexed up to 15 per cent with the Indian wholesale price index (WPI).
In the original document, NTPC had demanded a fixed price for gas for 17 years. However, after the pre-bid conference held on May 15-16, the corporation decided to revise its RSP document in line with the suggestions received.
The capacity of both gas-based Gandhar and Kawas power projects is being increased from 650 mw each to 2,000 mw each. The new last date for submission of proposals is August 12.
