MUMBAI: The Maharashtra government today approved the Centre's guidelines to revive the Ratnagiri Gas and Power Pvt Ltd (RGPPL), which has been shut since November, 2013 due to unavailability of gas.The state Cabinet cleared a proposal in this regard.Accordingly, the government will waive customs duty, service tax , transmission charges and sales tax for the plant located in the Konkan region.These concessions, valid for two years, will cost the state exchequer about Rs 350 crore.Talking to reporters after the weekly Cabinet meeting, Power Minister Chandrashekhar Bawankule said there are 14,305 MW capacity gas-based power projects in the country which are not functional and RGPPL (1,964 MW) is one of them."The Centre has initiated Power System Development Fund (PSDF) to revive these projects. All stakeholders have to bear some loss and take responsibilities to revive these projects. (State-run) MSEB Holding company has 13.5 per cent stake in RGPPL," he said.However, the revival will lead to generation of only 500 MW from RGPPL (formerly Dabhol Power Project) from November 1, he added.The Minister said due to Rs 7,800-crore debt, the gas-fired project, located in Ratnagiri district, was on the verge of being declared non-performing asset (NPA).RGPPL will be demerged into two separate companies owning the currently-defunct power plant and its LNG terminal, respectively.The central and state governments will extend financial support to the project.GAIL will provide gas under government's recently-launched scheme for stranded power utilities, while NTPC will operate it.Railways will enter into a long-term power purchase agreement with the company at a price of Rs 4.7 per unit.Bawankule said out of the 500 MW to be generated from RGPPL, Railways will use 250 MW in Maharashtra, followed by Jharkhand West Bengal (100 MW each) and Gujarat (50 MW).To raise the capacity of LNG terminal, an investment of Rs 2,044 crore will be made, he added.