Reliance Power to get Krishnapatnam LoI tomorrow: Razdan

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New Delhi, Nov 29 (UNI) Reliance Power, a ADAG company, which emerged as the lowest bidder for the 4,000 MW Krishnapatnam ultra mega power in Andhra Pradesh, will receive the letter of intent (LoI) tomorrow, said Power Secretary Anil Razdan.

''The LoI will be given to lowest bidder will tomorrow,'' said Mr Razdan at the Petro India-2007 conference.

The company had placed a winning bid of Rs 2.33 per unit for the project, the third such after the Sasan and Mundra UMPPs.

Reliance Power has already bagged the contract for the UMPP in Sasan, Madhya Pradesh, while Tata Power will execute the other project in Mundra, Gujarat.

The Krishnapatnam project is to be operated on imported coal and would require an investment of more than Rs 16,000 crore.

Andhra Pradesh will receive 1,600 MW, while the stakes of Maharashtra, Tamil Nadu and Karnataka will be 800 MW each from the project.

Commenting on the 4,000 MW Tilaiya UMPP in Jharkhand, Mr Razdan said the nodal agency for the UMPPs Power Finance Corporation has received RFQs from 13 players for the project which are under scruitiny.

He said the empowered group of ministers (EGoMs) has made some recommendations in respect to enhanced performance guarantees.

''Once the recommendations are incorporated, we will decide future course of action, but it should be faster,'' Mr Razdan added.

UNI

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