Tata Power, Adani Power and NTPC are among nine power firms in the fray for the new Rs.25,000 crore ultra mega power project at Bedhabahal in Odisha, signaling a satisfactory response to the giant project after private companies expressed grave doubts about bidding norms, officials said.
The nine companies including Larsen & Toubro, Jindal Power, JSW Energy and Sterlite Energy have submitted technical bids for the project, an official in Power Finance Corporation said.
CLP India is the only foreign company in the race while state-run hydroelectricity company NHPC has sought to enter thermal power generation, the official said. Monday was the last day to submit technical bids for the 4,000-MW project.
Private power companies had objected to the new bidding norms for ultra mega power projects that do not give companies ownership of land and coalmines. The companies had opposed clauses related to sourcing made-in India equipment, cap on fuel charges and intrusive role of independent engineers. Some companies like Essar Power and Lanco Infratech have not participated in the bidding. State-run National Aluminium Company also did not submit its bid despite showing keen interest in the project.
Bid submission for another ultra mega power project which is coming up at Cheyyur in Tamil Nadu will close on November 28.
The Odisha project is proposed to be fired on domestic coal, while the Tamil Nadu plant will run on imported coal.
The government has so far awarded four ultra mega power projects