30% drop in global price revs up gas-burning power plants | Ahmedabad News – Times of India

Ahmedabad: 30% drop world natural gas prices In the last six months it has helped the state enormously gas-fired power plants. GSECL and Torrent Power Ltd have seen their prospects improve greatly this summer, with gas prices around $8.5 per MMBtu (metric million British thermal units), compared to $35 last summer. This will ensure it is cheaper electricity It is available this summer.
Gas prices have fallen from $11.3 per MMBtu in September to around $7.8 in February 2024, leading to increased generation from gas-fired plants.
Gujarat Urja Vikas Nigam Ltd MD Jai Prakash Shivhare said, “Gas prices have softened significantly and this has helped the state's power sector. Gujarat State Electricity Corporation Ltd (GSECL) has 2,100 MW of gas-based power plants. Last summer gas prices They were around 35 dollars and the generation cost would be unviable at 26 rupees per unit, so the capacity was idle. In winter, we started generating power from gas power plants when prices fell to around $12. Now prices have dropped even further, so we are going to generate more energy from gas-based plants.”
Torrent Power Ltd has also increased gas-based power generation. A senior official of the company said that compared to FY22-23, there has been almost 200% increase in power generation from its gas-fired power plant in FY23-24 so far. .
“As prices fall, electricity buyers will be able to better manage demand by opting for gas-based power generation (GBPG), especially during peak demand periods. Low gas prices also offer opportunities to sell electricity on the energy exchange. Gas plants are 1.5 times more efficient than coal plants and are more environmentally friendly, with half the CO2 emissions of coal. They also offer operational flexibility with quick starts and load changes,” the official said.
Torrent Power Limited (TPL) recently emerged winner of a competitive tender and received a letter of award from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for the supply of power from its gas-fired plant during periods of high power demand this summer, from March 16 to June. 30. TPL will supply power from its DGEN plant in Dahej. According to the agreement between NVVN and TPL, 770MW of capacity has been contracted with a minimum of 388 UM of guaranteed power to be supplied in this period.

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