Tata Power has emerged as the lowest bidder for the
4,000 MW ultra mega power project to be set up at Mundra
in Gujarat while Lanco Infratech emerged the lowest bidder
for the 4,000 MW Sasan ultra mega power project in Madhya
Pradesh, outsmarting Tata Power, Reliance Energy and seven
price bids of six contenders for the imported coal-based
projects opened by the nodal agency Power Finance Corporation,
Tata Power quoted a tariff of Rs2.26 per unit for the
Mundra project outbidding Reliance Energy and four other
companies in the fray were engineering giant Larsen &
Toubro, Ruias-controlled Essar Power, Vedanta group firm
Sterlite Industries and Adani Exports Ltd.
the Sasan project, the Lanco-Globoleq combine quoted a
bid of Rs1.196 per unit, requiring an investment of Rs16,000-20,000
the 10 bids received for the Sasanb project, Reliance
Energy quoted a tariff of Rs1.29 and Tata Power Rs1.41
per unit, while state-run NTPC Ltd bid much higher, power
secretary R V Shahi said.
Sasan project is likely to achieve financial closure within
six months and the first unit of the Sasan project would
start generation by the end of 11th plan.