Ambani Gas Set to Revive Stalled Power Projects: Corporate India
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India is considering a plan to divert natural gas supplies from Mukesh Ambani’s field to revive $21 billion of power projects stalled by the lack of fuel.
A panel of ministers scheduled to meet today will discuss diverting gas away from fertilizer makers to electricity plants, Oil Minister Veerappa Moily told reporters yesterday. More than 8,000 megawatts of new capacity is lying idle because of the shortage caused by dwindling output, according to the Association of Power Producers.