India has announced the revival of nine gas-based power generation plants, which were successfully bid for in an e-auction process.
A government statement said these plants would generate 6.79 billion units of electricity which will be supplied at or below Rs 4.70 per unit to the purchaser discoms during the period April 1-September 30, 2016.
The grid connected gas-based power generation capacity in the country is 24,150 MW. Of this, a capacity of 14,305 MW had no supply of domestic gas. These comprise 29 plants which were eligible to participate in the auction process held today. 11 plants with a cumulative installed capacity of 6626 MW participated in the bidding for Phase III, the statement said.
The successful bidders include power plants in the Southern region. The generation from these plants would improve the power availability in the Southern grid, mitigating to a large extent the shortage of availability and constraint of evacuating the power to the Southern region from other regions, it added.