New Delhi: Nine companies including Tata Power and Adani Power have submitted preliminary bids for the 4,000 megawatts (MW) Odisha ultra mega power project (UMPP).

“Nine participants—NTPC, Tata Power, NHPC, Adani Power, JSW Energy, Jindal Steel and Power, Sterlite Infraventures, CLP India and Larsen and Toubro have submitted initial bids for the Odisha UMPP," said a source.

Power Finance Corporation, the nodal agency for UMPPs, invited preliminary bids in September. The bids have been invited after the government revised the existing Standard Bidding Documents.

Under the revised norms, any escalation in cost of fuel will be passed on to the consumer as higher tariff and the companies executing the projects will have to mandatorily source equipment from the domestic manufacturers.

UMPP is a big-size thermal power project of at least 4,000MW capacity.

So far, four UMPPs have been awarded of which three Sasan (Madhya Pradesh), Krishnapatnam (Andhra Pradesh) and Tilaiya (Jharkhand)—have been bagged by Reliance Power. Tata Power is operating the Mundra UMPP in Gujarat.

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