Power System Development Fund

GMR, GVK and Lanco were among the players who secured around 8 mmscmd of imported gas for running their stranded power projects, which will aid generation of 6.79 billion units of electricity.

The government will approach global markets for long-term gas supply pacts in view of low prices of the fuel, Power Minister Piyush Goyal said on Tuesday.

A subsidy of up to Rs 7,500 crore will be provided to private power companies in the next two years as part of the scheme approved by the Cabinet to revive 31 electricity generating units stranded for want of gas.

GMR, GVK and Lanco were among the players who secured around 8 mmscmd of imported gas for running their stranded power projects, which will aid generation of 6.79 billion units of electricity.

The government will approach global markets for long-term gas supply pacts in view of low prices of the fuel, Power Minister Piyush Goyal said on Tuesday.

A subsidy of up to Rs 7,500 crore will be provided to private power companies in the next two years as part of the scheme approved by the Cabinet to revive 31 electricity generating units stranded for want of gas.