SHAREKHAN
SPECIAL
Ultra mega power projects under
way
The bids for two ultra mega power
projects (UMPPs) at Sasan and Mundra were opened today. A total of
16 bids were received for the two projects. Ten companies had bid
for the Sasan project, which will be based on pithead coal, and six
had bid for the Mundra project, which will be based on imported
coal. The investment per project will be in the range of
Rs16,000-20,000 crore.
Hyderabad-based Lanco Infratech, in
association with the Singapore-based Globeleq, has won the bid for
the country's first UMPP coming up at Sasan in Madhya
Pradesh.
Lanco Infratech beat Tata Power, Reliance Energy and
NTPC by offering a price of Rs1.19 per unit. The power ministry had
set a benchmark of Rs1.60 per unit.
Tata Power with a
development agreement with Siemens Project Ventures has emerged as
the lowest bidder for the 4,000MW Mundra UMPP with a tariff of
Rs2.26 per
unit.
