Reliance Infra invites global bids for supply of power

Reliance Infra invites global bids for supply of power
PTI
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First Published: Wed, Oct 01 2008. 04 41 PM IST
Updated: Wed, Oct 01 2008. 04 41 PM IST
New Delhi: Anil Dhirubhai Ambani Group company Reliance Infrastructure Ltd invited global bids for supply of power to its distribution licence area in Mumbai.
The company, formerly known as Reliance Energy, plans to procure power from the suppliers on round-the-clock basis for a period of 25 years.
According to the bid document, the successful bidders will be required to supply power within 48 to 60 months from the date of signing of the power purchase agreement with the Reliance Infrastructure. The Reliance Infra invites global bids for supply of power.
As per the document, the applications with a minimum capacity to supply 100 mw of power will be eligible to submit the bids.
Reliance Infrastructure intends to procure power on long-term basis through tariff-based competitive bidding process and it will select bidders through a single stage bidding process.
According to the invitation, the bidder should have a minimum net worth of Rs50 lakh per mw of the capacity offered in the bid, based on any of the last three years audited annual accounts.
The bid document, which has been priced at Rs1 lakh, will be available for purchase from 1 to 15 October.
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First Published: Wed, Oct 01 2008. 04 41 PM IST