Centre issues tender for gas-fired power to address high electricity demand
SINGAPORE (Reuters) -India is seeking bids to supply gas-fired power to address expected periods of unusually high electricity consumption in October and November, a tender issued on Thursday showed.
Domestic gas plant operators are likely to bid for the tender, potentially pushing them to tap the spot liquefied natural gas (LNG) market at a time of tepid Asian demand.
India relies on coal to generate nearly three quarters of its electricity, and power generated from coal is typically much cheaper than when generated by gas-fired plants. Over half of the country’s roughly 25 gigawatts (GW) of gas-fired capacity is non-operational because of relatively high LNG prices.
