Imported LNG May Help Revive Gas-Fired Power Projects in Andhra Pradesh

DELHI--August 23, 2012--Researched by Industrial Info Resources India (Delhi, India)--As the hopes for an increase in the gas supply from India's Krishna-Godavari basin KG-D6 block dry up, developers of gas-based power projects in the state of Andhra Pradesh are now preparing to switch to expensive liquefied natural gas (LNG) from the overseas market to revive their beleaguered power projects. The switch in fuel from domestic gas to imported LNG will substantially increase the fuel cost, causing the cost of power generation to double. Other companies featured: BP plc (NYSE:BP)