Industry & Economy
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Power
PowerGrid to invite bids from pvt players for two projects
Our Bureau
New Delhi
,
Sept. 15
POWER Grid Corporation of India Ltd (PGCIL) will invite bids from private companies for two projects involving the strengthening of transmission network in parts of the western region within a month's time, the Chairman and Managing Director, Mr R.P. Singh, said on Thursday.
The projects will entail an investment of around Rs 2,500 crore, he said.
"In order to expedite the execution of the projects, we plan to call for single stage bids from private parties within a month's time," Mr Singh told reporters on the sidelines of a seminar here. These projects, involving the augmentation of transmission networks in Gujarat and South Maharashtra, will be completed by 2009 entirely through the private sector participation route.
The projects are part of a four-project scheme, under which PGCIL will execute two projects on its own. The projects had, earlier, emerged a matter of dispute between PGCIL and Reliance Energy Ltd, with the latter putting an application before the Central Electricity Regulatory Commission stating that it wanted to execute the projects on its own.
The regulator had, subsequently, turned down Reliance Energy's petition seeking a licence to lay transmission lines on its own. Reliance Energy will, however, be allowed to participate in the bidding process for the two private sector packages under the regulator's order.
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