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T&T Group will collaborate with South Korea’s Korea Gas Corporation (KOGAS) and SK Group on gas-based power, LNG and hydrogen projects in Vietnam. [Image: T&T Group]
Gas-based power plants have played a crucial role this summer to meet India's electricity demand in the non-solar hours.
Moneycontrol first reported that the government’s proposal to pool electricity from old thermal and gas-based power plants is likely to be rolled out in April. At least 14 such power plants with a total capacity of 15,386 megawatts (MW) are likely to be tapped once the scheme comes into force.
Despite record coal production, in April-May 2022, many states in the country faced hours of outages because of an unrelenting surge in power demand due to heatwaves, rapid economic recovery and shortage of coal to generate power.
B.Grimm Power intends to invest approximately $200mn in equity at the financial close of the project.