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NTPC, RIL in fray for mega projects

Power Ministry's ambitious plans to set up ultra mega power plants has received a huge initial response.

india Updated: Mar 02, 2006 17:44 IST
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Power Ministry's ambitious plans to set up ultra mega power plants of 4,000 MW at an investment of Rs 15,000 crore each has received a huge initial response with corporate giants Tatas, Reliance and Birlas alongwith public sector NTPC and foreign firms from the UK, US, Japan and Korea among those evincing interest in the projects.

State-run Power Finance Corporation, which is the nodal agency for these projects, has recieved 33 expression of interest (EoIs) for the Sasan power project in Madhya Pradesh and 34 EoIs for the Mundra project in Gujarat, sources said adding many of the companies have bid for both the projects.

Tata Power, Reliance Energy, NTPC, Adani Exports, Aditya Birla group, Essar Power, GMR Energy, Sterlite group, Torrent Group, CESC Ltd of R P Goenka group, Hindujas-owned Ashok Leyland, Lanco Kondapali and Ispat Industries are among those who have submitted EoIs for Mundra coastal project.

The US-based AES Corp's local arm AES India, China Light and Power, UK-based Duncan Macheil Group, Korea Electric Power, Japan's Sumitomo and Malaysia's Tronoh Alco are also in the fray for the Mundra project.

Apart from these companies, state-run Neyveli Lignite Corp, engineering giant Larsen & Toubro, Jindal Steel, Jaiprakash Associates, GVK group and Japanese conglomerate Mitsui have submitted EoIs for Sasan pithead project.

The last date of submitting EoIs for these two plants was February 28. The government plans to set up five such projects for which PFC has set up five shell companies to arrange necessary clearances. All the projects are to be transferred to developers by the end of 2006. The other three projects are to be located at Sindhudurg in Maharashtra, Karwar in Karnataka and Akaltara in Chhattisgarh.