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Home News Power Sector News Five gas-based power plants revived through e-auction

Five gas-based power plants revived through e-auction

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NTPCThe Centre has stated that it has revived five partly stranded gas-based power generation plants in a transparent and competitive reverse e-auction process.

The revived plants would generate 644 million units of electricity which will be supplied at or below Rs 3.39 per unit to the purchaser Discoms during the peak summer months from June 1, 2015 to Sept 30, 2015. This will involve government support of Rs. 119.99 crore from the Power System Development Fund.

The grid connected gas based power generation capacity in the country is 24,150 MW. Of this, a capacity of 9,845 MW had supply of some domestic gas and is currently operating at an average PLF of 32.2 percent.

These comprise 23 plants of which only six plants have a PLF higher than 35 percent. Thus 17 plants with a PLF of less than 35 percent were eligible to participate in the auction process held today.

In the auction , eight plants with a cumulative installed capacity of 4,872 MW participated in the technical bid round and all were declared as technically qualified.

The auction was meant to determine the plants which were seeking lowest per unit support for sale of power to Discoms.

Auctions held yesterday and today have resulted in revival of a cumulative gas based generation capacity of 10,270 MW resulting in generation of additional 5.70 billion units of electricity during the peak summer months.

The reverse e-auction for the stranded gas-based plants was conducted under the newly approved scheme for utilization of Stranded Gas Based Generation Capacity.

Eight power generators, including NTPC and Torrent Power, bid in the tender of 1.1 million standard cubic meters per day of imported gas.

The bidders have 4,871 MW of electricity generation capacity that currently is running at sub-optimal capacity because of domestic gas scarcity.

The bidding round concluded with only a single participant submitting the lowest price bid of Rs 1.75 per unit, details of the auction show.

Of the remaining four bidders, three submitted the financial bid at Rs 1.96 per unit and one at Rs 1.97 per unit. The auction started at a base price of Rs 2.06 per unit, considering a plant load factor (PLF) or capacity utilisation of 35 per cent of the installed capacity.

About 1.1 mmscmd of gas has been offered to plants that are receiving gas from domestic fields but at sub-optimal levels.

The country's largest power producer, NTPC, participated in the second round of auction to receive subsidised gas for its four gas-based plants - Auraiyya, Dadri, Kawas and Gandhar.

The other bidders include CLP India, Gujarat State Energy Generation and Gujarat State Electricity Corporation. Power producers bidding for the lowest subsidy will get the first right over the fuel.

Overall, 31 power stations with a combined capacity of 14,305 MW are languishing because of want of gas. They can bid for support from the Power System Development Fund (PSDF) for generating 30 per cent of their installed capacity, called plant load factor, using imported LNG.

 

Source- Business standard

 

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