Govt to cancel bid as pvt companies pull out, final call on 2 ultra mega power projects by January 5
BS Reporter | New Delhi December 24, 2014 Last Updated at 00:42 IST
NTPC, the state-owned thermal power generation giant, might lose the chance to build its first ultra mega power project (UMPPs), as the government is likely to scrap the bidding process for the Cheyyur UMPP in Tamil Nadu. There is also a likelihood that bids for Odisha UMPP would also be shelved as NTPC and NHPC are the only bidders in race for it.
A bid evaluation committee headed by V K Shunglu, ex-Comproller and Auditor General of India would send its recommendations by January 5 to the ministry of power which would take the final call on both UMPPs. The bids for Odisha UMPP are to be opened on January 7.
In wake of other six potential bidders, all from the private sector, withdrawing from the race citing regulatory issues in the bidding format, officials said that the just one quote can’t be accepted under Central Vigilance Commision guidelines.