NEW DELHI (Sputnik) — By pooling gas prices, the government will average out the price of imported LNG, which is very costly, with domestically available gas.
The companies likely to benefit from the new cabinet decision will be the National Thermal Power Corporation, Torrent Power, GMR Energy and GVK Energy. These plants had been running at low capacity. It will also benefit Reliance Power, Torrent Power, Lanco and GMR Energy in their upcoming projects.
India has faced a high shortfall in power supply which leads to regular blackouts in some states. The annual report by the Load Generation Balance of Central Electricity Authority (CEA) suggested that the power deficit in the country would amount to some 5 percent in 2014-2015 financial year.
