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Sp1234 Side Hero Username: Sp1234 Post Number: 2339 Registered: 11-2014 Posted From: 162.254.149.195 Rating: N/A |
The proposed central's gas pooling policy of the government is expected to increase the Gross Domestic Product (GDP) by 0.50-0.88 per cent, says a study. The proposed gas price pooling policy would pool existing limited supply of domestic gas with imported regasified LNG to help operationalise about 16,100 MW(600000cr investment) of stranded, gas-based, power plants to start operating from their current zero per cent of plant load factor (PLF) to about 30-40 per cent. it will help increase employment in 2015-16 by creating about 13 lakh new jobs with 30 per cent PLF; Supply power to Fertilizer companies the pooling policy also includes a waiver of 12.5 per cent value-added tax and other levies on gas by states, customs duty exemptions on R-LNG, a 50 per cent cut in pipeline tariff, 50 per cent cut in LNG re-gasification charges and a 75 per cent cut in marketing margin by GAIL (India) which would act as the pool operator, the study said. | ||
Theaviator Junior Artist Username: Theaviator Post Number: 274 Registered: 07-2014 Posted From: 123.176.39.210 Rating: |
This is the Truth.. > Center finalized Gas pooling policy to revive 24000 MW of stranded gas power capacity across India through co-mingling Imported LNG with Domestic gas > AP alone has 8000MW old/new capacity > Centre will provide gas to these plants only if sacrifices are made by Central & State govts and other players in valuechain such as >> Central sales tax exemption >> States agreeing for VAT exemption >> Terminals sacrificing 50% of regas charges >> GAIL & Reliance pipeline sacrificing 50% of transportation charges etc. > Center will provide PSDF (Power Sector Dev. Fund) of 3500cr/yr ~ Rs 1.75/kWh @ 35% PLF for 2 yrs to cover viability gap of costly gas and reduce burden over States > States will have to buy power at Rs 4.70/kWh > All the charges will be given to "Lead banker" of the power plant > Lead banker will pay GAIL for gas, O&M charges and Service debt if anything left > "NOTE: Power plant will not get any Return on Equity" - AP is the state which initiated the idea and helped framing it - States like MH and Gujarth are not that keen because power tariffs in north are trading less than Rs 3/kWh - Even AP ultimately said it need only 1400MW @ 35% PLF - In the bid organized by Center for PSDF GMR, GVK, Lanco quoted for less PSDF support and got LoIs Asalu subject meeda ee avagahana leni konchamandhi media lo vaage news ettukochi.. state ki loss ani edche vallaki na odarpu.. > IPPs will not even get a penny additional as profit. Mechanism made sure it only services costs (variable, O&M, Debt service). They will not get a rupee into their hands > Policy intended to provide required power to fill gap at affordable tariffs to states. People who are ready to make sacrifices (center, states, GAIL, pipeline operator, Regas terminal.. the whole value chain) to make gas power affordable to the consumer ultimately > Everyone in industry and center applauded AP's initiative in materializing Gas pooling policy and reviving stranded capacity | ||
Jai_tdp Megastar Username: Jai_tdp Post Number: 26455 Registered: 02-2009 Posted From: 125.16.17.145 Rating: N/A |
Half Knowledge Pappu's | ||
Sp1234 Side Hero Username: Sp1234 Post Number: 2338 Registered: 11-2014 Posted From: 162.254.149.198 Rating: N/A |
this is for imported LNG, not that from KG basin. It will help revive the power industry... | ||
Botsa_fan Side Hero Username: Botsa_fan Post Number: 6845 Registered: 07-2013 Posted From: 74.215.110.232 Rating: N/A |
Suit boot sarkar ki ki.. HH - Hummer Hangers. | ||
Ramramesh Side Hero Username: Ramramesh Post Number: 4248 Registered: 03-2014 Posted From: 216.31.219.19 Rating: |
The state is already paying the fixed costs on these inoperating projects....Better a VAT discount than paying for the idle projects.... The TDP government said it was providing the exemption to join the gas pooling system launched by the Centre to avail the RLNG supply through e-bidding. Earlier, the commercial taxes department had said that the proposed VAT exemption on gas would result in a loss of Rs 1,100 crore per year to the state exchequer and cautioned that such a move would end up benefiting the private power companies, which are in financial doldrums as their units have been shut due to lack of gas. However, according to sources, energy department officials successfully convinced chief minister Chandrababu Naidu to agree to the VAT exemption on the plea that the stranded power units can resume operations by availing RLNG supplied by GAIL and GSPCL. The energy department argued that due to shortage of gas, the gas-based power units that could together generate 3,000 mw have been idle and the state has been forced to pay the fixed costs to the companies. "Joining the gas pooling scheme launched by the Centre would give us about 1.2 million units of power immediately and also ensure the revival of the stranded power projects," said an official in the energy department. | ||
Saint Legend Username: Saint Post Number: 51789 Registered: 01-2011 Posted From: 12.22.163.132 Rating: |
Earlier, the commercial taxes department had said that the proposed VAT exemption on gas would result in a loss of Rs 1,100 crore per year to the state exchequer and cautioned that such a move would end up benefiting the private power companies, which are in financial doldrums as their units have been shut due to lack of gas. But the finance and commercial taxes department cautioned the government that in the wake of a surplus in the energy sector, allowing VAT exemption would eat away precious revenue sources. Though, initially, the exemption was planned for one year, later, on the insistence of the Centre, the same was extended to two years, the sources said. "The commercial taxes department submitted a report to the government that the exemption on RLNG and bio-gas would result in Rs 2,300 crore revenue loss in two years," said a senior official in the government. At present, the gas-based power units are paying 25 per cent VAT on liquefied natural gas. ex-chequer ki 2.3k crores loss! profit to private operators..! | ||
Vjawarrior Hero Username: Vjawarrior Post Number: 17180 Registered: 02-2014 Posted From: 153.2.247.31 Rating: N/A |
on RLNG anta...loss 2300 crores per year... I donno whats thye benifit in doing thsi... link lo center gas grid edo annaru...but couldnt get teh gist of it http://timesofindia.indiatimes.com/business/india-business/A ndhra-govt-waives-VAT-on-natural-gas-for-two-years/articlesh ow/47436161.cms |
