October 07, 2008

13 firms submit RFQ for Rajpura thermal power project

PTI reported that 13 companies that have submitted request for qualification for the 1,320 MW Rajpura Thermal Power Project.

Firms, which have shown interest in the project, include
TATA Power
Reliance Power
Sterlite
Larsen & Toubro
Essar
Lanco Infratech
Bhilwara Energy
Indiabulls Power Projects
Consortium of JSW and IDFC
Consortium of Union Fenosa International & Isolux Corsen with Emco

The proposed project, to be awarded through tariff based international competitive bidding and run on build, own and operate basis, would involve an investment of INR 5,000 to INR 6,000 crore. The eligible bidders would be determined in April 2008.

The request for qualification for selection of developers for the project was issued on January 18th 2008 and a bidders' conference was held in Chandigarh in February 2008, where 19 companies expressed interest. The Power Finance Corporation is the consultant for selection of developer.

PSEB has already launched a special purpose vehicle called Nabha Power Limited to ensure coal and water linkages to the project. Site of the proposed project has been cleared by the Central Electricity Authority and 1,085 acres of land have been identified, for which the process of acquisition has started by the Punjab government.