India Extends Bidding Dateline For Odisha, Tamil Nadu UMPPs

The last date for submission of request for qualification (RFQ) 4,000-MW each ultra mega power projects (UMPPs) in Odisha and Tamil Nadu are extended by a fortnight to attract more competent players, reports said.

For Bhedabahal project in Odisha and Cheyyur power plant in Tamil Nadu, the last date has been extended up to November 25 and November 28 respectively. Earlier, the last date for RFQ submission was November 11.

RFQ is the first stage of bidding, which is followed by submission of price bids. Each of the mega projects that would cost nearly Rs.24,000 crore are expected to be allotted by February.

So far, companies such as Tata Power, NHPC, NTPC, Sterlite, JSPL and JSW, among others have purchased the bid documents. Last month, a global road show for the ultra mega power projects was held in Singapore. A few Japanese companies have also shown interest, a senior Power Ministry official said.

India allows 100 percent foreign direct investment (FDI) in power generation.

Power Finance Corporation Ltd. (PFC), the nodal agency for auctioning of ultra mega projects, has held diplomatic talks with nearly 12 countries -- Germany, France, the UK, Turkey, Russia, Saudi Arabia, Denmark, Australia, Israel, Netherlands, Spain and Sweden.

While the Odisha project will be based on domestic coal, the Tamil Nadu project would be fired from imported fuel. The government believes that it is offering investment-friendly parameters for these projects and claims to have cleared the major regulatory hurdles required for the setting up of mega power projects.

At present, India has awarded four ultra mega power projects -- one to Tata Power and three to Reliance Power. So far, only Tata Power's project at Mundra in Gujarat is fully operational.

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