Revival of Additional 5 Partly Stranded Gas Based Power Generation Plants with an Installed Capacity of 3,455.64 MW Successfully Bid Through Reverse E-Auction Process
The Government is delighted to announce the revival of an additional 5 partly stranded gas based power generation plants with an installed capacity of 3,455.64 MW which have successfully bid through a transparent and competitive reverse e-auction process. These plants would generate 1.43 billion units of electricity which will be supplied at or below Rs 3.39 per unit to the purchaser Discoms during the period from 1st Oct 2015 to 31st Mar 2016. This will involve government support of Rs. 278.38 crore from the Power System Development Fund. In the auction held today, 11 plants with a cumulative installed capacity of 5,858.67 MW participated in the Technical Bid round and all were declared as Technically Qualified. The two separate auctions held yesterday (for fully stranded gas based plants) and today (for partly stranded gas based plants) have resulted in revival of a cumulative gas based generation capacity of 11,717.72 MW resulting in generation of additional 12.47 billion units of electricity during the period from 1st Oct 2015 to 31st Mar 2016.
Government of India is committed to the revival of such stranded power plants as a measure to ensure 24X7 power to all.
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