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Gas-fired power projects seek policy sops
February 1, 2014February 1, 2014by In Power & New and Renewable Energy

Gas-fired power projects seek policy sops

The cabinet will consider a proposal to subsidise gas-based power plants to prevent electricity from becoming too costly. The power ministry has circulated a draft note for the cabinet committee on economic affairs (CCEA) for improving the viability of gas-based power generation, which seeks approval to allocate financial subsidy by the government to address the issue of substantial increase in the price of domestic natural gas.