Five gas-based power plants receiving some domestic gas, including two owned by NTPC and one each of Torrent Power, CLP India and Gujarat Industries Power Company Ltd, will be eligible for Rs 278-crore of Government subsidy for running their plants at 50 per cent plant load factor. The subsidy will be provided through the Power System Development Fund.
The plants have an installed capacity of 3455.64 MW. They have committed to generate 1.43 billion units of additional electricity over the next three months through imported natural gas or re-gassified liquefied natural gas (RLNG).
Of the available 301.95 million cubic metres of imported natural gas, the maximum amount, 90.98 million cubic metres, will go to CLP India, while Torrent Power's plant in Gujarat will receive 88.16 million standard cubic metres.
NTPC's Dadri Plant will get 73 million standard cubic metres of RLNG, while its Auraiya plant will get 9.83 million standard cubic metres. Gujarat Industries Power Company Ltd will get 39.55 million standard cubic metres.
The auction started at a base price of Rs 1.97 a unit subsidy being sought by the power plants for each unit of electricity. Companies in reverse bidding went down to Rs 1.94 a unit. Further details on individual bids was not available.