Power News We love to talk!

DEC 29 2015

Sterlite emerges lowest bidder for Odisha transmission project

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 29th DEC 2015

Sterlite Grid has emerged as the lowest bidder for a Rs 1,500-crore transmission project in Odisha by quoting a lowest annual tariff of Rs 139.79 crore.

"For Common Transmission System for Phase-II Generation Projects in Odisha and Immediate Evacuation System for OPGC Project in Odisha, Sterlite Grid has emerged as the lowest bidder followed by Essel and Adani," a source said.

Sterlite Grid is a Vedanta group firm. The source further said: "Sterlite Grid quoted the lowest annual tariff of Rs 139.79 crore for this project, while Essel and Adani quotations were Rs 155.7 crore and Rs 165.92 crore in the financial bids opened today."

An arm of Power Finance Corp, PFC Consulting Ltd is conducting the auction of the project. Apart from these three companies, Power Grid, Kalpataru Power Transmission Ltd (KPTL) and a consortium of Gayatri Projects Ltd and Engineering and Infrastructure Ltd had qualified for submitting financial bids for the project. However, later these firms did not submitted financial bids.

The Odisha project consists of 350 km of 765 kV double circuit line and 50 km of 400 kV of double circuit line. The government plans to auction transmission projects worth Rs 1 lakh crore through tariff-based competitive bidding route. Under the system, the developer quoting the lowest tariff would be awarded the project.

After the Odisha project, the largest project to be awarded through tariff-based competitive bidding is Warangal Project for which PFC Consulting is managing the auction.

Tags

Adani Enterprise Limited Odisha Power Grid Power Finance Corporation Finance Grid Transmission System Tariff Vedanta Sterlite Power

Related News

  • Draft HERC (Demand Side Management), Regulations, 2014  Read more
  • APTEL: UP, Hi Tech Carbon. Vs UPERC Regarding determination of tariff of waste heat based cogen plant  Read more
  • 64 central PSUs see capital erosion: CAG  Read more
  • Energy, I&I depts merged  Read more
  • TNPCB orders immediate closure of Sterlite plant at Thoothukudi  Read more
  • 120 power transmission projects delayed, says report  Read more
  • Power Finance Corporation pulled up by NCLT for filing case against Shree Maheshwar Hydel Power Corporation  Read more
  • Second unit of NTPC project at Kudgi begins commercial operation  Read more
  • Sterlite Grid issues Rs 925-crore bond  Read more
  • MERC allows compensatory tariff of Rs. 1.01 for Tiroda TPP  Read more