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.
Download here