Dabhol plant to reopen after 532 days
The reboot comes after Ratnagiri Gas & Power Pvt Ltd (RGPPL) secured 1.98 million metric standard cubic feet per day (MMSCMD) of gas during the recent reverse bidding completed by the Centre. The per unit tariff is projected at Rs 4.70.
The plant has been shut since 28 December, 2013 for want of gas and also due to financial constraints.
RGPPL initially plans to generate 500 MW against the total capacity of 1,967 MW. The board is meeting on Tuesday to take a formal decision in this regard.
The union minister of power, renewable power and coalPiyush Goyal confirmed the development.
“The company has secured 1.98 MMSCMD of gas which will help restore the power generation. RGPPL will secure additional gas in the next round of bidding,” he told Business Standard.
Goyal further said the Centre is exploring the option of setting up breakwater at the Dabhol plant as this will enable conversion of LNG into gas. According to the minister, LNG regasification will help gas-based power plants including the Dabhol project.
However, RGPPL will have to scout for new buyers as Maharashtra has already terminated its power purchase agreement (PPA) in January this year citing unilateral change in the deal. RGPPL has disputed the Maharashtra government’s move.