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UP govt reschedules financial bids for Bara power project

UP govt reschedules financial bids for Bara power project
PTI
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First Published: Mon, Jan 05 2009. 03 10 PM IST
Updated: Mon, Jan 05 2009. 03 10 PM IST
Lucknow: The Uttar Pradesh government has extended the date, for submitting financial bids for the 1,980 MW super critical power project at Bara, Allahabad, tentatively to 19 January from 5 January.
“The date has been deferred. Though final decision is yet to be taken, 19 January is the tentative date,” said a senior UP Power Corp (UPPCL) official.
The actual date for submission of financial bids was 30 November, which was rescheduled twice - first up to 15 December and then again till 5 January.
The dates were rescheduled citing several reasons, including downturn in the industry and delays in the bidding for the 4,000 MW Tilaiya Ultra Mega Power Project (UMPP) in Jharkhand.
“The decision on the Tilaiya project is yet to come and the recent unrest among the staff of UPPCL has further complicated the situation,” he added.
The UPPCL employees are boycotting work demanding implementation of the Sixth Pay Commission.
“As of now shift staff has not been included, but they too will join the agitation if the government does not settle the issue by 8 January,” convenor of Power Employees Joint Action Committee Shailendra Dubey said.
Private players, who had submitted Request For Qualification for the thermal power project, include JP Group, Indiabulls, Reliance, Adani, NTPC, GVK, Lanco Kodapalli and L&T.
Earlier, the date was extended as the JP Group, which emerged as a front-runner for another proposed 1,320 MW project at Allahabad, expressed its willingness to reduce the levelised tariff it offered in October.
The company quoted levelised tariff of Rs2.97 per unit for 25 years for Karchana. “Tariff quoted by JP was 37 paise higher than the rate offered by another bidder Reliance in June,” official sources said.
In a tariff justification exercise, the corporation decided to wait for the outcome of Tilaiya project to get an idea of existing rates prevalent in the market.
For a long-term solution to Uttar Pradesh’s power crisis, the state government decided to set up two major thermal power projects at Karchana and Bara in Allahabad. Both the projects are to be set up by private sector, wherein two separate power entities floated by the state government will be stakeholders.
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First Published: Mon, Jan 05 2009. 03 10 PM IST