Will gas-based power be viable ever-III: Is to possible at all?
Latest projections are now showing that gas based power plants can only be viable with an adequate carbon tax on emissions. 8The levelized tariffs of high efficiency gas turbines in Asia can match coal based power but only with a hefty carbon tax. 8But even with such a tax, if the current global demand-supply gap evaporates, the landed price of LNG is likely to shoot up, making gas-fired power unviable. 8The government is now thinking of bundling gas based generation with renewable power, as was evident from the Petroleum Minister speech at the CERA conference this week. 8But for that to be viable, concerted government action will be needed. 8Will that happen? Click on Reports for more