New Delhi, Oct 23 (UNI) Sasan and Mundra, two of the slated seven 4,000 MW each capacity Ultra Mega Power Projects, will be awarded to the qualified bidders by December 31 this year.
''Of the seven conceIved ultra mega power projects, Sasan in Madhya Pradesh and Mundra in Gujarat, will be awarded by December 31. The tariff-based competitive bidding process for these two projects will be closed by November 22,'' Power Secretary R V Shahi told reporters here today.
He also said that two more projects will be awarded by March next year.
The necessary environmental and water clearances from the respective state governments have been obtained and clearances at the Central level are also on the final stages for Sasan and Mundra, to be executed on Build-Own-Operate' (BOO) basis, and expected to be operational by 2012.
Mr Shahi also said that the power transmission structure for these two UMPPs, two be established by Power Grid Corporation of India Limited, is already in place.
Eleven firms, including Adani Exports, CLP Power (I) Pvt. Ltd and Sumitomo Corporation, have qualified as bidders for the second round of bidding for the Sasan project, while 13 companies have been able to qualify for the Mundra project.
Some of the domestic bidders include Reliance Energy, Tata Power, NTPC, L&T, Essar Power and Jindal Steel and Power.
Twenty-two distribution companies covering nine states signed power purchase agreements, with Sasan Power Ltd and Coastal Gujarat Power Ltd, the two special purpose vehicles (SPVs) for the projects, on the 9th of this month.
Delhi, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttaranchal will tap the benefits from the agreements envisaging utilisation of 8,000 MW.
According to the power ministry, these UMPPs will have scope for expansion and will add about 28,000 MW within a span of 7-8 years.
The fund requirement for the proposed projects is estimated to be around Rs 1,25,000 crore.
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