Concerned that Indias demand of gas is not fully exploited, Power Minister Piyush Goyal today said the government is looking to sign long-term gas contracts with other countries to run its under-utilised power plants.
“We are hoping to tie up long-term gas contracts… so that we can start powering our gas-based power plants once again many of which are running at a very low level of capacity utilisation,” Goyal said addressing a ministerial session at Petrotech conference here. Elaborating further, he said, “We do hope to see in the days to come some engagement where we can bring down our cost of gas and start powering our gas-based power plants. This will not only provide us clean fuel but also lead to spinning reserve so that our electricity grid remains stable. This will help us providing 24X7 affordable power to all by 2022.”