Low gas prices may help revive power assets

New Delhi: Gas prices in international spot markets are at lowest at about $3 per mmbtu, a boon for the ailing Rs 1 lakh crore power assets if the Centre is able to pull off the proposed revival scheme announced in the budget for 2019-20.

The present prices may be short-lived, with some countries banning Chinese shipments due to Covid-19 scare, but experts said the rates are likely to be in the range of $4-4.5 per mmbtu for a few more years owing to less demand and excess supply.