Bid deadline for Sinnar Power extended by one month

Mumbai: The resolution professional (RP) for the 1,350 mw Sinnar Power has extended by a month the timeline for bidders to make a pitch for the distressed plant.

The bidding deadline, which was to end on August 20, has now been extended to September 20 after bidders said they needed some more time to do their due diligence on the plant, which has largely been shut, people familiar with the development said.

"Bidders need more time to firm up their plans because this plant does not have a coal linkage. Transport of coal could also be an issue since there is no railway line connected to the plant. Bidders need to make calculations of all these things before placing a formal bid," said a person aware of the details.


Some of India's largest private sector power producers such as Adani Power, JSW Energy, Jindal Power, Vedanta Group, Torrent Power, Jindal India Thermal Power, state-owned Mahagenco and NTPC are among 15 companies that have submitted formal expressions of interest (EOIs) for giving a resolution plan to take over the debt-laden plant near Nashik in Maharashtra.