Reliance, Essar jointly bid for Anpara 'C' power project

By Staff
|
Google Oneindia News

Lucknow, June 6 (UNI) Energy majors Reliance Energy and Essar Power today made a joint bid for the mega Anpara 'C' super thermal power project for setting up a 1000 megawatt unit.

Altogether three private companies -- Reliance Energy, Essar Power (Mumbai) and Lanco Kundapalli power private company (Hyderabad) have bid for the 500x2 mw new power station.

Official sources here confirmed that only three companies have placed their bids so far for Anpara-C power project.

As per the preliminary reports, Reliance Energy and Essar Power have made a joint bid for the power unit which makes them the front- runner in grabbing the Rs 1000 crore project, sources added.

The Request for Proposal(RFP) evaluation committee headed by principal secretary (energy), would examine the bids and the letter of acceptance would be given to the the awarded company by the end of this month.

The awarded power company would float a new company for the Anpara 'C' unit and an agreement would be inked with the UPPCL by the end of August, 2006. Under the agreement, within the next six months the required land would be transferred to the new company while they will start setting up the unit within one year.

The first unit of 500 mw is expected within 54 months from the start of setting up of the new unit, while the next unit will be ready in another six months.

Earlier, UPPCL had extended the date from May 22 to June six as the last date for submitting the bids for the 1000 mw thermal power station in Sonebhadra district.

In the bidding process, the three companies would be required to deposit Rs three crore each as earnest money along with necessary documents.

In 2003, the state government had initiated the process of implementation of the project in private sector which was strongly opposed by the employees of UPPCL.

MORE UNI MB NAB CS ND1426

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X