Public sector power producer NTPC and private companies such as JSW, JSPL, Adani, Sterlite, GMR and CLP have submitted initial bids for 4,000 MW imported coal-based UMPP at Cheyyur in Tamil Nadu.
RFQ initial bids (request for qualification or RFQ) will be accepted till 11.00 a.m. today for the Rs 25,000 crore mega power project.
Earlier in this week, nine power developers have submitted their RFQ for the 4,000-MW ultra mega power project (UMPP) at Bhedabahal in Odisha.
The companies bidding for Odisha projects are Jindal Steel and Power Ltd (JSPL), Tata Power, NTPC, Adani Power, JSW, Sterlite Inventure, CLP India, Larsen & Toubro and NHPC.
The bids placed for both the the multi-billion dollar power projects would be scrutinised and those who meet the parameters would be asked to submit the request for proposal (RFP) or the offer for tariff.
Power developers generating electricity at the cheapest rate would emerge the winner. The project is likely to be awarded by the end of the current fiscal.
While the Odisha project will be based on domestic coal, the Tamil Nadu project would be fired from imported fuel.
The Government believes that it is offering investment-friendly parameters for these projects and claims to have cleared the major regulatory hurdles required for the setting up of mega power projects.
In August, the revised standard bidding documents were given the go-ahead by an Empowered Group of Ministers.
“The fuel charge is no longer a bid parameter. That takes away most of the variable risks of the project. Moreover, land, water and environment clearances have already been acquired for the project,” said a PFC official, the nodal body holding the auction.
At present, India has awarded four ultra mega power projects — one to Tata Power and three to Reliance Power. So far, only Tata Power’s project at Mundra in Gujarat is fully operational.
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