Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Power Ministry wants Cabinet to decide on gas pooling for power stations.


Date: 12-02-2015
Subject: Power Ministry wants Cabinet to decide on gas pooling for power stations
The power ministry has left it to the Cabinet to decide whether to include power stations based on administered price mechanism (APM) gas in the price-pooling scheme in a fresh proposal aimed at salvaging gas-based power projects to the tune of Rs 64,000 crore being run by companies such as Essar Power, Reliance Power, GMR Energy, GVK Power and Lanco Infratech.

The fresh proposal comes after the oil ministry said no additional gas output is expected from domestic sources in the next three years to pool with imported gas.

The new scheme seeks about Rs 7,000 crore of financial support from a fund comprising penalties paid by distribution utilities and generators for grid indiscipline besides proposing various tax reliefs to the plants, a government official said.

As per the proposal, gas will be imported and supplied along with domestic gas at an average 'pooled' price to run the stranded plants at 40% capacity to help them recover fixed costs. The scheme is being proposed for three financial years beginning April 2015 as the oil ministry has indicated that no incremental domestic gas is available till then.

The ministry has given two options to the Cabinet. The first is a pooling proposal, including more than 6,000-MW APM gas-based plants operating at less than 40 per cent capacity so that enough domestic gas is available for pooling with imported LNG, the official said.

The second option excludes the APM gas-based power stations from the pooling scheme. The power ministry has sought phased implementation of the scheme by giving priority to over 10,000-MW commissioned projects in the first year that have power purchase agreements with states.

The power ministry has also asked for about Rs 7,000 crore in financial support from the Power System Development Fund to keep the electricity tariffs to the targeted Rs 5.50 per unit against Rs 7.5 per unit. Fiscal benefits such as streamlining customs duty on gas imports, waiver of value added tax and central sales tax have also been sought.

The ministry has also sought financial relief from banks such as extending the repayment schedule to 25 years from 10 years, extending the year of commercial operation by a year and waiver of penal interest, the official said.

State-run GAILBSE 0.37 % India and Gujarat State Petroleum Corp (GSPL) are proposed to be the pool operators. Gas transporters GAIL India and Reliance Gas Transportation Infrastructure have been asked to take a 20% cut in pipeline tariff, which will help.

Source : kseboa.org

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
5
+
4


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001