BUSINESS
The policy is going to largely follow the norms laid down in the coal linkage policy, approved earlier by the government.
The power ministry, in consultation with the petroleum and natural gas ministry and the Central Electricity Authority, is planning to set a separate quota for greenfield projects in its upcoming gas linkage (allocation) policy.
“Greenfield (new projects) will get priority over brownfield (expansion, redevelopment) projects. We have also decided to reserve 30% of the allocation for independent power plants,” said an official in the Central Electricity Authority.
Work on the gas linkage policy started in December 2009. The policy is going to largely follow the norms laid down in the coal linkage policy, approved earlier by the government.
While the coal linkage policy gives priority to power projects being developed by state-owned companies like NTPC, it requires the companies to start new projects to get coal allocation. If a similar measure is adopted in the gas linkage policy, NTPC will find it difficult to get gas for its existing gas-based power plants.
The PSU currently gets around 10 mmscmd of gas from ONGC and 1.81 mmscmd from RIL’s KG-D6 fields.
NTPC currently has a portfolio of 4,000 mw of gas-based power plants and has firmed up plans to expand its projects by another 6,000 mw.
However, power players like Reliance Power Ltd, GVK Power and Lanco Infratech would be the beneficiaries of such a policy as they are coming up with greenfield gas-based projects.
The gas linkage policy will also have a point system in which project developers would get weightage on the basis of getting environment, land and water clearance from the concerned departments.
“We want to allocate gas to only those plants that are likely to come up within 2-3 years of gas allocation. So, if a project is running behind schedule in getting clearances for its projects, it may not be allocated any gas”, said the official.
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