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Home News Power Sector News NTPC should bid for Ultra Mega Power Projects - Parliamentary Committee

NTPC should bid for Ultra Mega Power Projects - Parliamentary Committee

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NTPC LimitedState-run NTPC may emerge a successful bidder for the upcoming 4,000 MW Ultra Mega Power Projects, provided Government pays heed to the recommendations made by the Parliamentary Committee. "Early steps need to be taken to remove the bottlenecks faced by NTPC in the competitive bidding process,'' a report of the committee suggested. The committee observed that the country's largest power producer was not a successful bidder in any of the Ultra Mega Power Projects (UMPPs).

NTPC while informing the committee said that the limiting factor in participating at the competitive bidding process for UMPPs are the Central Vigilance Commission (CVC) guidelines. CVC guidelines do not allow commercial secrecy of the bidding offers su bmitted to NTPC by the vendors, which in turn proves a hindrance in the bidding process.

Before submitting bids for power project, NTPC invites bids from its vendors who supply equipment for the project in question. NTPC decides its bid on the basis of lowest available price of power equipment supplied by vendors. According to the present CVCguidelines, this is an open and transparent process and no secrecy can be maintained by any public sector company in such matters.

Out of the three UMPPs allotted by the Government, two have been bagged by Reliance Power (Sasan and Krishnapatnam) and one by Tata Power(Mundra). The financial bids for the UMPP at Tilaiya in Jharkhand would be invited soon.

Source- PTI

 

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