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Power firms brace up for UMPP biddings

Power firms brace up for UMPP biddings
PTI
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First Published: Mon, Jun 15 2009. 07 26 PM IST
Updated: Mon, Jun 15 2009. 07 26 PM IST
New Delhi: Power firms are preparing to respond to the likely government bids for three more ultra mega power projects (UMPP)of 4,000 MW each, to be developed in Orissa, Tamil Nadu and Andhra Pradesh.
PFC Consulting, a subsidiary of Power Finance Corp. and the nodal agency for these UMPPs, will set up special purpose vehicles for these projects and a request for qualification (RFQ) from power developers may be invited next month followed by financial and technical bids.
“The proposal for three UMPPs in Orissa, Andhra Pradesh and Tamil Nadu will be considered by the government,” power secretary H S Brahma told reporters
The power ministry has identified sites at Cuddalore in Tamil Nadu, Bedabahal in Orissa and Kotipalli in Andhra Pradesh for setting up these projects.
The special purpose vehicles will identify water sources, acquire land in the region and seek environment and forest clearance from the ministry of environment and forests.
The government has already awarded four out of the proposed 13 UMPPs.Reliance Power bagged three UMPPs :Sasan in Madhya Pradesh, Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand.The company announced the financial closure for the Sasan project in April this year and its first unit is expected to come up during the 11th Plan period that ends in 2012.
Reliance Power is likely to arrange finances for the Krishnapatnam project in the second quarter of the current financial year.
The environmental clearance for the Tilaya UMPP in Jharkhand is yet to be obtained. “That is also our job, in 60 days environmental clearance should be given to the project,” Union power minister Sushil Kumar Shinde said.
“My colleague Jairam Ramesh has assured me that he will do the needful to clear the project in two months,” Shinde said.
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First Published: Mon, Jun 15 2009. 07 26 PM IST