Award of two Uttarakhand Hydro projects to GVK-L&T Consortium cancelled; out of that one awarded to Reliance Infrastructure…

Power India found that around 370 MW of Hydro Projects (200 MW Mapang Bogudiyar & 170 MW Bogudiyar Sirkari Bhyol) which have been awarded to the GVK-L&T consortium have been cancelled and Mapang Bogudiyar has been awarded to Reliance Infrastructure Limited by Uttarakhand High Court.

 

200 MW Mapang Bogudiyar hydroelectric project

• The Uttarakhand High Court has ordered cancellation of the award to a GVK-L&T consortium by the state government earlier, after it was found that the entity did not meet key eligibility conditions to bid for the project.
• The court has ordered the state government to award the project to Reliance Infrastructure, which emerged as the second highest bidder for the project.

 

170 mw Bogudiyar Sirkari Bhyol

• In case of another project, the 170 mw Bogudiyar Sirkari Bhyol, awarded to the GVK-L&T and where the state government’s decision has been legally challenged, the court has left the final decision to the state.

 

Uttaranchal Jal Vidyut Nigam Limited (UJVNL) has issued In February 2004, international notice inviting proposals for implementation of five hydropower projects, including the Mapang Bogudiyar and Bogudiyar Sirkar Bhyol on behalf of the state government.

 

Power companies such as GMR, Reliance Infra and GVK-L&T have participated in bidding for these projects.

The bid clearly stipulated that in case of a bid by a consortium, the net worth and net cash accrual of the Lead Partner should not have been less than 26% of the net worth/net cash accrual of the consortium. This was an important and essential condition of the bid.

However, the net worth and net cash accrual of GVK(Lead member) was only 11% and 14% respectively of the consortium.

The state government, however, relaxed this mandatory bid condition and pre-qualified GVK-L&T consortium for submission of price bids.

Based on offers submitted by bidders, the state government allotted the Mapang Bogudiyar and the Bogudiyar Sirkari Bhyol projects to the GVK-L&T consortium.

 

 

 

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