Govt expects a good response for UMPPs: Jyotiraditya Scindia

NEW DELHI: The government expects to garner a good response to the two ultra mega power projects that have been put on auction in the last two days.

Power Finance Corporation Ltd (PFC), the bid coordinator for ultra mega power projects, has called developers to set up the mega projects of 4,000 mw each in Odisha and Tamil Nadu.

"The new bidding norms formulated by government are balanced. It is impossible to satisfy everyone. The bids will close on November 11. We will see the response," power minister Jyotiraditya M Scindia told reporters on Thursday.

Scindia said the new projects save the developers from risk, as fuel cost will be passed on the consumers. Private power companies have been opposing the new bidding framework and said that they will not be able to quote a low tariff for power supply.

The fresh round of bidding for ultra mega power projects comes after a gap of more than five years. The bidding for the last such plant in Jharkhand was held in 2007.