Industry pins hopes on new govt plan for gas power plants revival

Though the government promised to take up the case of underutilised gas-based power plant, which has pushed 14,305 MW of electricity generation units worth Rs 65,000 crore to the verge of becoming non-performing assets, the industry is waiting to see how the government plans to execute it.

The finance minister said in her Budget speech that the government would implement the recommendations of a high-level empowered committee which wanted the power and the petroleum ministries to jointly frame a scheme for revival of gas-based power plants on the lines of earlier e-bid RLNG scheme, supported by the power system development fund (PSDF).