Govt sets up committee for stable gas price for power units: Oil Secretary
The government has set up a committee to work out measures need to make natural gas available to power plants at “reasonably stable prices”, Oil NSE -2.14 % Secretary Tarun Kapoor said on Thursday. India has 24,900 megawatts of gas-based power generation capacity. But of this, 14,305 MW is stranded due to the non-availability of reasonably priced gas.
“We have set up a committee to look to see how we can make natural gas available to the power sector at a reasonably stable price,” he said at ETEnergyworld Gas Conclave.
Without giving details of the panel or its report, he said power plants want fuel at “fairly stable” price as the electricity they produce is priced at uniform or almost static rates.
