New Delhi: State
owned NTPC and electric utility company Tata Power along with other big names
like Essar Energy, and GMR will take part in a two-day market for Rs-1,600
crore subsidy for purchasing costlier imported gasoline for operating their
power plants starting on Tuesday.
This is the third
reverse e-auction for subsidy support for buying 10 million cubic meters per
day of gas, which will take place on March 15 and 16.
Every organization may
take part in the market for every place individually to obtain a gas subsidy
for operating the unit. Earlier in 2015, the Center had launched a Power System
Development Fund (PSDF) plan for posting place Re gasified Liquefied Natural
Gas (RLNG) for stuck gas and partially stuck fuel-centered crops chosen via a
slow e-bidding procedure. The plan provides from PSDF for monetary assistance.
The expense for that assistance from PSDF was set at Rs 7,500 crore (Rs 3,500
crore and Rs 4,000 crore for that year 2015-16 and 2016-17 respectively).
Earlier Metal Scrap
Trade Corporation (MSTC) Ltd. had plans to conduct the auction on March 15
alone. But later the plan was changed and it was spread over two days. The
auction will begin at 2 PM and is likely to get over with two or three hours on
both the days.
Deals for that 1st
stage (June 1 to September 30, 2015) of PSDF Assistance to gasoline-centered
energy plants were kept within the weeks of May 2015. A total 270 MW crops, of
10 could secure gasoline percentage.
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