Budget 2016: Government to auction Rs 90,000 crore UMPPs before March

NEW DELHI: The government will start auctioning three ultra mega power projects (UMPPs) before March this year, attracting an investment of Rs 90,000 crore, budget documents said.

The power ministry has identified five UMPPs for bidding: at Cheyyur in Tamil Nadu. Bedabahal in Odisha. Deoghar in Jharkhand, Tilaiya in Jharkhand and one more in Bihar, it said.

Bidding out three UMPPs - Cheyyur, Bedabahal and Bihar UMPP in this financial year would attract an investment of about Rs 90,000 crore.

Deoghar UMPP and Tilaiya UMPP may be bid out in the next financial year after due process is met, attracting investment of Rs 60,000 crore, the documents said.

The government had in last budget announced auctioning five UMPPs under plug-and-play model.