Calls by the head of India’s state bank last week for the country to write off its gas-fired power plants highlight how precarious the situation is for gas-to-power in India and the uphill struggle gas faces in becoming competitive against coal and renewables.
Most of India’s gas-fired power fleet is stranded without fuel. The plants were built in anticipation of low-cost gas from the KG-D6 field, but disappointing production over the past decade has left them on the verge of bankruptcy.
Speaking to the Indian parliament’s Standing...
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