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  Business   Lanco wins top gas bid in e-auction

Lanco wins top gas bid in e-auction

PTI
Published : Sep 7, 2016, 2:50 am IST
Updated : Sep 7, 2016, 2:50 am IST

Lanco Kodapalli power has secured the highest allocation of 3.11 mmscmd of gas followed by Dabhol project at 2.43 mmscmd for 6 months till March in an e-auction by Power ministry.

Lanco Kodapalli power has secured the highest allocation of 3.11 mmscmd of gas followed by Dabhol project at 2.43 mmscmd for 6 months till March in an e-auction by Power ministry.

The auction for supplying 9.93 mmscmd gas for a six-month period till March, 2017 was conducted on Saturday by the Ministry under power system development fund, an initiative to revive the stranded gas based power plants.

With secured gas supplies, the 9 plants that emerged as the lowest bidders will generate a total 8.81 billion units of electricity, which would be supplied at or below Rs 4.70 per unit for the said period.

Location: India, Delhi, New Delhi