Power Finance Corporation shortlists 17 bidders for two UMPPs

NEW DELHI: Power Finance Corporation that invited bids for two ultra mega power projects (UMPP) short listed all nine applicants for Odisha and eight for Cheyyur after VK Shunglu chaired apex evaluation committees evaluated applications for pre-qualification round. For Odisha UMPP, NTPC, Tata Power, NHPC, Adani Power, JSW Energy, Jindal Power, Sterlite Infraventures, CLP India and Larsen & Toubro had submitted their applications in response to the request for qualification. For Cheyyur UMPP, eight companies namely Adani Power, CLP India, GMR Energy, Jindal Power, JSW Energy, L&T, NTPC and Sterlite Infraventures had submitted their applications.

Orissa Integrated Power Limited (OIPL) and Coastal Tamil Nadu Power Ltd. (CTNPL), the wholly owned subsidiaries of PFC, are conducting the bidding process for the 4,000 mw Odisha and Cheyyur UMPPs respectively on design, build, finance, operate and transfer (DBFOT) basis. Odisha UMPP is a pit-head power project, based on domestic coal to be sourced from allocated captive coal blocks, with an expected investment of about Rs 25,000 crore while Cheyyur UMPP is a coastal power project, based on imported coal with an expected investment of about Rs 24,200 crore.

Applications for pre-qualification were opened on November 25 and 28 for Odisha and Cheyyur UMPPs, respectively after the RFQs for Odisha and Cheyyur UMPPs were issued on September 25 and 26 respectively.