TN, Odisha UMPP Final Bid Opens on Feb 26 - The New Indian Express

TN, Odisha UMPP Final Bid Opens on Feb 26

Published: 17th January 2014 06:00 AM

Last Updated: 17th January 2014 12:16 PM

The final price bids for the two proposed ultra mega power one each at Tamil Nadu and Odisha will be opened on February 26.

Power Minister Jyotiraditya Scindia said projects will be awarded to the successful bidders post the financial bids.

 

All the nine applicants for Odisha UMPP and eight applicants for Cheyyur UMPP (TN) who have applied for RFQ (Request for Qualification) have been shortlisted for issuance of Request For Proposal (RFP) or the final price bids.

Power Finance Corporation is the nodal agency for UMPPs. UMPP is coal-based thermal power project that have 4,000 MW of generation capacity. The Apex Evaluation Committees, headed by former CAG VK Shunglu cleared all the technical bids in the first round.

NTPC, Tata Power, NHPC, Adani Power, JSW Energy, Jindal Power (an arm of Jindal Steel and Power), Sterlite Infraventures, CLP India and L&T had submitted applications for the Odisha project.

NTPC, Adani Power, CLP India, GMR Energy, Jindal Power, JSW Energy, L&T and Sterlite Infraventures had submitted bids for the Cheyyur UMPP in Tamil Nadu.

Odisha UMPP is a pit-head power project. Based on domestic coal to be sourced from allocated captive coal blocks, it is expected to cost around `25,000 crore.

The Cheyyur UMPP is a coastal power project, based on imported coal, with an expected investment of about `24,200 crore.

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