The government’s decision to provide subsidy for gas-based power units will help revive stranded power plants, said BC Tripathi, Chairman and Managing Director of Gail India in an interview to CNBC-TV18. Also, the decrease in gas prices from April 1 will be positive for all stakeholders, according to Tripathi. Prices of natural gas will be cut by 7.6 percent to USD 5.18/mmBtu from April 1. The revised price has been arrived at by applying the Cabinet-approved formula on the select average global prices for the fuel between January and December 2014. Tripathi said the LNG terminals of Gail were running at 40-50 percent capacity.
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