Reliance Energy bids lowest for UP power projects

13 Jun, 2008, 2108 hrs IST, IANS

LUCKNOW/NEW DELHI: The Reliance Anil Dhirubhai Ambani Group looks set to be awarded two major power projects with a combined capacity of 3,250 megawatt (MW) at Allahabad in Uttar Pradesh after it quoted the lowest per unit cost of electricity, officials said on Friday. The group's Reliance Energy had made the bid for the 1,950 MW Bara project and the 1,300 MW Karchna power project of the Uttar Pradesh Power Corporation Ltd (UPPCL), quoting Rs.2.64 and Rs.2.60 per unit for the Bara and Karchana power plants respectively. Last year, Reliance Energy chairman Anil Ambani announced his company would invest up to Rs.600 billion between 2007 and 2011. The company has already bagged the prestigious 1,200 MW Rosa project in the state. The Bara project will have three units and Karchna two, each unit with a capacity to generate 650 megawatts. The state government had floated a global tender after it rejected last month an earlier contract awarded to Lanco Kundapalli. Lanco had quoted the lowest rates of Rs.2.88 per unit for Bara and Rs.2.83 for Karchna in the first bid that opened April 11. "The rates offered by the company (Lanco) were on a higher side and then it was decided to invite fresh tenders from the same participating companies," UPPCL deputy general manager Shailendra Dubey said. "The fresh bid still needs a final approval from the state cabinet," he added. The other giants that participated in this bid included NTPC, L&T, Tata Power, Lanco Kundapalli, and JLW. UPPCL has allocated Rs.500 million for acquiring the 3,000 acres of land for the two projects. Reliance Energy bids lowest for UP power projects LUCKNOW/NEW DELHI: The Reliance Anil Dhirubhai Ambani Group looks set to be awarded two major power projects with a combined capacity of 3,250 megawatt (MW) at Allahabad in Uttar Pradesh after it quoted the lowest per unit cost of electricity, officials said on Friday. The group's Reliance Energy had made the bid for the 1,950 MW Bara project and the 1,300 MW Karchna power project of the Uttar Pradesh Power Corporation Ltd (UPPCL), quoting Rs.2.64 and Rs.2.60 per unit for the Bara and Karchana power plants respectively. Last year, Reliance Energy chairman Anil Ambani announced his company would invest up to Rs.600 billion between 2007 and 2011. The company has already bagged the prestigious 1,200 MW Rosa project in the state. The Bara project will have three units and Karchna two, each unit with a capacity to generate 650 megawatts. The state government had floated a global tender after it rejected last month an earlier contract awarded to Lanco Kundapalli. Lanco had quoted the lowest rates of Rs.2.88 per unit for Bara and Rs.2.83 for Karchna in the first bid that opened April 11. "The rates offered by the company (Lanco) were on a higher side and then it was decided to invite fresh tenders from the same participating companies," UPPCL deputy general manager Shailendra Dubey said. "The fresh bid still needs a final approval from the state cabinet," he added. The other giants that participated in this bid included NTPC, L&T, Tata Power, Lanco Kundapalli, and JLW. UPPCL has allocated Rs.500 million for acquiring the 3,000 acres of land for the two projects.