SUMMARYThe project award process, starting with the pre-application conference today, can revitalise the power sector
The power sector is suddenly brimming with newfound energy with the government clearing bidding norms that allow ‘pass through’ of the rise in fuel costs.
The process for awarding ultra mega power projects (UMPPs) is starting today with a pre-application conference for two projects of 4,000 MW each, in Odisha and Cheyyur, Tamil Nadu. According to the schedule fixed by the government, the projected dates for signing of power purchase agreements (PPAs) are March 27, 2014 for Odisha and March 28 for Cheyyur. The evaluation of the bids and the award of both the projects will be completed in February. If all goes as scheduled, the total number of UMPPs awarded would become six—four projects have been awarded since the UMPP initiative began in 2005-06. Read more…..http://www.financialexpress.com/news/-pass-through-test-begins-with-odisha-cheyyur-umpps/1182511/0