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Power System Development Fund News

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The government has announced the revival of nine stranded gas-based power plants with a total installed capacity of 5,942 MW, which successfully bid electricity at Rs.4.7 per unit for six months beginning April.
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The Government will approach global markets for long term gas supply pacts in view of low prices of the fuel, Power Minister Piyush Goyal said today.
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The government will provide as much as Rs 3,500 crore in financial support to the power plants this fiscal.






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