EGoM meet on bidding norms inconclusive on power plants

NEW DELHI: Power companies will have to wait for some more time to bid for generating plants like ultra mega power projects.

The meeting of an empowered group of ministers to approve bidding guidelines for location-specific power plants was inconclusive, a government official said.

"There are some issues to be resolved," he said.

Private firms including Tata Power, Reliance Power, GMR and Lanco Infratech said that they will not be able to quote a low tariff for power supply unless the proposed bidding norms for generation projects are shelved.

Top executives of Tata Power, Adani Power, GMR Energy, Jindal Power, Lanco Infratech and CLP India have written to power minister Jyotiraditya M Scindia saying the companies would not be able to place competitive bids for ultra mega power projects and such other location-specific plants based on the proposed framework.