Stranded plants make a beeline for subsidised LNG imports

The developers are required to bid below the ceiling price, which is the government support available to developers running their plants at 35 per cent PLF. The maximum government support available is Rs 1.74 per unit. The available gas is sufficient only for running about 6, 000 MW of capacity at the designated PLF. At the time of going to press, the developers in contention had put in bids in the range of Rs 1.44-1.45 per unit of government support. On Wednesday, the plants that receive domestic gas, but are running sub-optimally, will slug it out for 1.1 mmscmd of gas, which will help them operate at 30 per cent of PLF.