Lanco Infratech and Tata Power emerged as lowest bidders for the first two UMPPs
The bids for two ultra mega power projects (UMPPs) atSasan and Mundra were opened today. A total of 16 bidswere received for the two projects. Ten companies had bidfor the Sasan project, which will be based on pithead coal, and six had bid for the Mundra project, which will be basedon imported coal. The investment per project will be in therange of Rs 16,000 - 20,000 crore.
The companies in the race for constructing India's largestpower plants of 4,000 MW of capacity each were Tata Power, Larsen and Toubro, Reliance Energy, Essar Power and SterliteIndustries. All these companies had bid for both the projects.
The other bidders for the Sasan project were National Thermal Power Corporation (NTPC), Torrent Power, Jindal Steel & Power, Jaiprakash Associates and Lanco Infratech (with British partner - Globeleq). The only other company that had bid for the Mundra project was Adani Enterprises.
And the winners are... Hyderabad-based Lanco Infratech, in association with theSingapore-based Globeleq, has won the bid for the country'sfirst UMPP coming up at Sasan in Madhya Pradesh.
