The Union government has taken initiative to generate power from gas-based power projects. With this, an end to the power woes is expected in the country. The government is expected to take several major administrative decisions this month, which will give a new lease of life to around 26,800 mw of stranded and ready-to-be commissioned gas-based power projects. The Cabinet Committee on Investment (CCI) is expected to give a go-ahead for according priority to gas allocation for the power sector, on par with fertiliser, when it meets shortly.
The CCI is expected to clear proposals of diversion of gas from non-core sectors to power projects and fresh allocation of gas from new finds to the cash strapped power sector.
A note prepared by the Power Ministry on the behest of the Prime MinisterÂ’s Office for consideration of the CCI (a copy of which is available with HT) calls for diverting 6 million metric standard cubic meters per day (mmscmd) of domestic natural gas from non-core sectors to power, and the allocation of domestic gas of 11.71 mmscmd to the power sector on priority.
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