NEW DELHI: The government is considering a proposal to allow gas-based power plants to sell electricity in the spot market under a subsidy scheme.
“We are contemplating if we can work out a mechanism where these gas-based power plants can also sell on power exchanges without depending on the power purchase agreements,” a government official said.
The proposed e-RLNG (re-gasified liquefied natural gas) scheme, being drafted by power and oil ministries as per the recommendations of a high-level empowered committee headed by cabinet secretary PK Sinha, is likely to require lesser than earlier projected subsidy due to softened global crude oil prices, the official said.
