Virus outbreak fires up India’s stranded gas-fuelled projects
NEW DELHI : The coronavirus outbreak has thrown a lifeline to India’s stranded gas-fuelled power plants with global liquefied natural gas (LNG) prices plunging to less than $3 per million British thermal units (mmBtu) from a peak of $11.3/mmBtu in September 2018.
Plant operators are looking to revive their gas-fired capacity, which accounts for 7%, or 24,937.22 megawatts (MW), of India’s total capacity.
A case in point being Gujarat, which plans to leverage the prevailing lower prices to kick-start its 2,200 MW gas-fuelled projects that depends on imported gas, the state’s energy minister Saurabh Patel said in an interview.
