The final price bids for the two ultra mega power projects (UMPP) - Odisha and Tamil Nadu - will open on February 26, Power Minister Jyotiraditya Scindia said on Thursday.
The Minister said that the projects will be awarded to the successful bidders post opening of the financial bids.
All the nine applicants for Odisha UMPP and eight applicants for Cheyyur UMPP (Tamil Nadu) who have applied for Request for Qualification (RFQ) have been shortlisted for issuance of Request For Proposal (RFP) or the final price bids.
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Power Finance Corporation is the nodal agency for UMPPs in the country. UMPP is coal-based thermal power project that have 4,000 MW of generation capacity.
The Apex Evaluation Committees cleared all the technical bids in the first round. Both the committees are headed by V. K. Shunglu, Ex CAG.
NTPC, Tata Power, NHPC, Adani Power, JSW Energy, Jindal Power (an arm of Jindal Steel and Power), Sterlite Infraventures, CLP India and Larsen & Toubro had submitted applications for the Odisha project.
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NTPC, Adani Power, CLP India, GMR Energy, Jindal Power, JSW Energy, L&T and Sterlite Infraventures had submitted bids for the Cheyyur UMPP in Tamil Nadu.
Odisha UMPP is a pit-head power project. Based on domestic coal to be sourced from allocated captive coal blocks, it is expected to cost around Rs. 25,000 crore.
The Cheyyur UMPP is a coastal power project, based on imported coal, with an expected investment of about Rs. 24,200 crore.
So far, four UMPPs have been awarded, of which Sasan (Madhya Pradesh), Krishnapatnam (Andhra Pradesh) and Tilaiya (Jharkhand) have been bagged by Reliance Power. Tata Power is operating the Mundra UMPP in Gujarat.