Package to rescue 16,000 MW of gas-based power plants ready.

The government recently finalised details of a package to rescue 16,000 MW of gas-based power plants lying stranded as it looks to increase supplies by raising generation without burdening consumers.

Power Minister Piyush Goyal met Oil Minister Dharmendra Pradhan to chalk out the rescue package that may involve rescheduling of loans to power companies as well as making available fuel at affordable price through means like pooling of average cheaper domestic gas price with costly imported LNG.

The two ministers did not divulge details of the rescue package finalised recently which may need the Cabinet approval.

'Recent meeting was a precursor to final decisions which will be taken very fast,' Goyal told reporters after the meeting.


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