Costlier gas for Merchant power plants

The government's desire to be on the right side of its top auditor by increasing fuel prices for merchant power plants is likely to worsen the crisis in the sector reeling under high input costs and low tariffs. GAIL (India) Ltd, the country's state-owned gas marketing arm, has told some merchant power plants that they will have to pay higher prices for gas supplied to them. 

Read Full Story>>