All the companies that submitted initial bids (request for qualification or RFQ) for 4,000 mw each ultra mega power project (UMPP) at Bhedabahal in Odisha and Cheyyur in Tamil Nadu have been asked to give price bids (Request For Proposal or RFP).
The price quotes for these two projects have to be submitted within 45 days. 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.
For the Rs 25,000 crore Odisha power project, nine companies – NTPC, Tata Power, NHPC, Adani Power, JSW Energy, Jindal Power, Sterlite Infraventures, CLP India and Larsen & Toubro – have submitted bids.
Excepting Tata Power, all these companies also put their bids for Rs 24,200 crore imported coal based UMPP in Tamil Nadu.
The initial bids were evaluated by an Apex Evaluation Committee headed by V K Shunglu, former Comptroller and Auditor General (CAG).
While the Odisha project will be based on domestic coal, the Tamil Nadu project would be fired from imported fuel.
According to Minister of State (Independent Charge) for Power Jyotiraditya M Scindia, the Government 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.
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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