NTPC to invite fresh bids for Lata Tapovan hydro project
State-run NTPC is likely to invite fresh bids for the 171 MW Lata Tapovan Hydroelectric Project in Uttrakhand and may cancel the previous tender due to several problems, including high price quoted by firms.delhi Updated: May 30, 2010 14:46 IST
State-run NTPC is likely to invite fresh bids for the 171 MW Lata Tapovan Hydroelectric Project in Uttrakhand and may cancel the previous tender due to several problems, including high price quoted by firms.
Company officials, however, declined to divulge details about the previous tender, but sources in the know indicated that there were several issues including high price.
The project is being developed by NTPC's 100 per cent subsidiary NTPC Hydro Ltd (NHL).
NHL has already sent its recommendation for floating fresh tender for Lata Tapovan Hydroelectric Project to NTPC board which is likely to approve this soon, they said.
There were many loopholes in the previous tendering process as the lowest bid for equipment was over 40 per cent higher than estimated cost of tender (Rs 672.95 crore).
NTPC on behalf of NHL had invited bids for engineering, procurement and construction (EPC) package contract in two stages - techno-commercial and price bids - in November 2008.
The companies which submitted techno-commercial bids were Hindustan Construction Company (HCC), Gammon India, Patel Engineering, Larsen and Toubro and Soma Enterprise.
Of these, HCC and Patel Engineering met the requirements for qualifying the techno commercial bid. HCC quoted Rs 951.87 crore as price for the EPC package for the project whereas Patel Engineering's bid was higher at Rs 1,061 crore.
But no contract has been awarded to the winners in the previous tender, which was floated in November 2008.
NTPC is the largest power producer in the country with total installed capacity of over 31,000 MW. The company has planned set up 1,920 MW hydro power generation capacity including 800 MW Koldam Project in Himachal Pradesh, 600 MW Loharinag Pala project in Uttrakhand.