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Business News/ Politics / SC allows price bids for THDC phase 2 plant
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SC allows price bids for THDC phase 2 plant

SC allows price bids for THDC phase 2 plant

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New Delhi: The Supreme Court on Thursday allowed the invitation of price bids for Tehri Hydro Development Corporation’s (THDC) phase 2 plant from multinationals Voith Siemens Hydro Kraftwerkstechnic GMBH and Alstom Hydro France.

Bids have to be submitted by the companies within three weeks and the THDC has to take a decision on the bids within three weeks thereafter, ruled a bench comprising justices V.S Sirpurkar and T.S Thakkur

Also Read: Tehri hydel project under scrutiny

Govt wants to issue fresh bids for Tehri project phase 2

Previously, the THDC had found both Voith and Alstom’s technical bids to be deficient. On 14 December 2010 the Uttarakhand High Court stayed the price bids after Voith approached the court for relief.

The matter was then taken to the Supreme Court, which on Thursday allowed the bids to be accepted in light of both companies having fulfilled their technical deficiencies in the meanwhile.

nikhil.k@livemint.com

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ABOUT THE AUTHOR
Nikhil Kanekal
Head of Subscriber Experience
Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
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Published: 17 Mar 2011, 11:52 AM IST
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