Nine cos in fray for Odisha UMPP
New Delhi: The country's largest private electricity producer Tata Power and eight other companies have submitted preliminary bids for the proposed 4,000 MW ultra mega power project in Odisha.
"Nine companies — NTPC, Tata Power, NHPC, Adani Power, JSW Energy, Jindal Power (an arm of Jindal Steel and Power), Sterlite Infraventures, CLP India and Larsen & Toubro have submitted their applications in response to the Request for Qualification (RFQ) for the project," PFC said in a release.
Power Finance Corporation is the nodal agency for UMPPs — large projects based on domestic or imported coal.
Odisha Integrated Power Ltd, a wholly owned subsidiary of PFC, is conducting the bidding process for the project.
Odisha UMPP will be based on domestic coal, to be sourced from allocated captive coal blocks, and will come up at an expected investment of about Rs 25,000 crore, said the release.
Land for the project is expected to be in possession shortly, water is available from Hirakud reservoir and coal supply is assured through allocated coal blocks thus eliminating fuel risk, it added.
Applications for pre-qualification for Odisha UMPP were opened today in the presence of Apex Evaluation Committee (AEC) constituted by Odisha Integrated Power Ltd for carrying out the evaluation of the RFQ Applications.
Bids were invited after the government revised norms for some types of power projects, including UMPPs, allowing them to pass on escalation in fuel costs to customers in the form of higher tariffs.
In addition, companies building UMPPs have to source equipment from domestic manufacturers.
PFC also said that applications for the Cheyyur UMPP in Tamil Nadu, will open on Thursday.
So far, four UMPPs have been awarded, of which Sasan (Madhya Pradesh), Krishnapatnam (Andhra Pradesh) and Tilaiya (Jharkhand) — have been bagged by Reliance Power. Tata Power is operating the Mundra UMPP in Gujarat.