CESC to bid for ultra-mega power project in MP
Kolkata-based power utility CESC Ltd, seeking to expand its operations outside West Bengal, is keen to bid for the Rs 16,000 crore ultra-mega power project at Sasan in Madhya Pradesh.
By PTI |
KOLKATA: Kolkata-based power utility CESC Ltd, seeking to expand its operations outside West Bengal, is keen to bid for the Rs 16,000 crore ultra-mega power project at Sasan in Madhya Pradesh.
"We have submitted our request for qualification for the Sasan 4000 MW ultra-mega power project. If we are selected then we will participate seriously in the bidding process," CESC managing director Sumantra Banerjee told media.
"The main area of interest to participate in the project is ready supply of fuel, coal blocks. Moreover, the infrastructure to transport power for sale will be made available," Banerjee said.
The Centre had earlier announced its intention to facilitate setting up of seven ultra-mega power projects to put generation across the country on a fast track.
He said that out of two projects, the CESC did not bid for the one at Mundra in Gujarat as it would depend on imported coal.
"Other fiscal incentives will not help directly as the contract would be awarded based on competitive bidding on tariff and all incentives, if any, would be taken into account," he said.
CESC would rope in a partner to fund the project, if selected, to share the financial burden.
This would be the first greenfield project by CESC entailing such large investment and capacity. It has several other projects in the pipeline.
"We have submitted our request for qualification for the Sasan 4000 MW ultra-mega power project. If we are selected then we will participate seriously in the bidding process," CESC managing director Sumantra Banerjee told media.
"The main area of interest to participate in the project is ready supply of fuel, coal blocks. Moreover, the infrastructure to transport power for sale will be made available," Banerjee said.
The Centre had earlier announced its intention to facilitate setting up of seven ultra-mega power projects to put generation across the country on a fast track.
He said that out of two projects, the CESC did not bid for the one at Mundra in Gujarat as it would depend on imported coal.
"Other fiscal incentives will not help directly as the contract would be awarded based on competitive bidding on tariff and all incentives, if any, would be taken into account," he said.
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CESC would rope in a partner to fund the project, if selected, to share the financial burden.
This would be the first greenfield project by CESC entailing such large investment and capacity. It has several other projects in the pipeline.
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