• search

Lanco ahead in bid for Anpara C power project

Written by: Staff

Lucknow, June 7 (UNI) Hyderabad based power giant Lanco Kundapalli has emerged as the front runners against Reliance Energy and Essar Power in the bidding for Rs 1,000 crore, 1000 mw Anpara super thermal power project, which was opened yesterday.

Only these three companies have placed their bids for privatisation of the Anpara-C power project.

Lanco is said to have proposed the lowest bid after Reliance and Essar, according to highly placed sources.

All the three bids containing technical and financial documents have been sent to Ernst and Young consultants for evaluation.

The sources said it will take at least one week to give details of the quotation of the three companies by making a 25-year chart of their power rates.

After the report from the consultants, 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 unit and an agreement would be inked with Uttar Pradesh Power Generation Corporation Ltd (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 the unit will be set up 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.

Meanwhile, the joint action committee of the power employees and engineers have criticised the UP government for going ahead with the proposal to hand over Anpara C to the private sector.

''We would not allow private companies to enter the Anapara C premises,'' the employees today threatened.

Committee spokesperson Shailendra Dubey here said the state would have produced cheaper power while the private companies were quoting Rs 2.5 per unit to be produced from the Anpara 'C' unit.

He said while the public sector could have set up the units within 38 months, the private operator would take time till June 2011 for the same. ''Moreover, Lanco is not equipped enough to take up this big project,''he said.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more