Financial Daily from THE HINDU group of publications
Wednesday, Feb 01, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 01, 2006 |
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Industry & Economy
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Power Govt invites EoIs for `ultra-mega' power project in M.P. Our Bureau
New Delhi , Jan. 31 THE Government on Tuesday invited expressions of interest (EoIs) to build a 4,000-MW power project in Madhya Pradesh. The project, which is part of the Centre's ambitious plan to develop a series of `ultra-mega' projects,' is expected to cost around Rs 15,000 crore. In a notice put out by the State-run Power Finance Corporation, the Government said foreign and domestic parties have to submit their bids by February 28. The pithead coal-based plant in Sasan will be built in five phases, each having a capacity of 800 MW. The companies interested in the bidding should have net assets totalling $200 million and an average annual turnover of $500 million, according to the notice. Sasan Power Ltd, which Power Finance Corporation will set up shortly, will be acting on behalf of the Government in allocating coal blocks and land and granting environment-related licences. The Madhya Pradesh project will be located on one of five sites where the Government intends to develop mega 4,000-MW power plants.
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