Nine players in race for Rs 25,000-crore UMPP in Orissa

Nine players in race for Rs 25,000-crore UMPP in Orissa

As many as nine companies, including private players such as Tata Power, Adani Power and L&T as well as state-owned generators like NTPC and NHPC, have evinced interest in bidding for the R25,000-crore Bedabahal ultra mega power project in Orissa, according to Power Finance Corporation, the nodal agency for UMPPs.

Technical bids for the Bedabahal UMPP, which is based on domestic coal, were opened on Monday. JSW Energy, Jindal Power, Sterlite Infraventures and Hong Kong-based CLP are the other players who have shown interest in the project.

“The response from renowned and reputed applicants in the prevailing investment scenario in the infrastructure sector reflects the high degree of comfort and confidence the investors perceive owing to the state of preparedness of the project,” said PFC.

Coal and water linkages for the project are in place while land acquisition is under way. PFC will evaluate technical bids and , based on that, shortlist candidates for the next round of bidding.

Technical bids for the Tamil Nadu UMPP, which is to be fired with imported coal, will open on Thursday.

PFC is conducting bidding for the two projects on the basis of revised Case-2 norms notified by the Union power ministry recently.

The new guidelines vest ownership of project land and allocated captive coal with discoms buying power from the project rather than the developer.

PFC initiated bidding for the two UMPPs in September after a gap of more than five years. All UMPPs have the standard capacity of 4,000 MW. So far, four UMPPs — at Sasan, Tilaiya, Mundra and Krishnapatnam — have been auctioned out. Of these, the Mundra and Krishnapatnam UMPPs are based on imported coal while the other two are to be fired with domestic coal.