Pvt power developers want bidding for UMPPs to be halted

Many power companies, including Adani, CLP, GMR, Jindal Steel & Power, JSW Energy and Tata Power are unwilling to submit price bids under the new bidding documents, Association of Power Producers (APP) said in a letter to Power Minister Piyush Goyal.

Association of Power Producers, a body representing private electricity generation companies, has asked the Power Ministry to halt the bidding process for two proposed 4,000 MW ultra mega power projects in Tamil Nadu and Odisha, saying the projects are not economically viable

Read more at: http://www.moneycontrol.com/news/business/pvt-power-developers-want-bidding-for-umpps-to-be-halted_1106117.html?utm_source=MC_Mail_Stock_watch

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