Eleven companies in race to supply 3000 Mw power to GUVNL

Nearly a dozen of power companies will fight it out to supply around 3000 Mw of power to Gujarat Urja Vikas Nigam Ltd, an apex electricity company of the state. A total of 11 power firms today submitted their financial as well as technical bids in response to GUVNL's offer to supply it long term power on competitive bidding basis.

The eleven players who have bid to supply power to the state-owned power utility include Adani Power, Essar Power, Jindal India Thermal, Shapoorji Pallonji, Chennai-based company OPG, MP Power, Avantha Power, Pipavav Energy, KSK Energy's subsidiary Vardha Power and TRN, a subsidiary of Aryan Coal.

In June last year, GUVNL had invited proposals for procurement of 3000 nMw of power with an option to increase or decrease 20 per cent of offered quantity depending upon the price quotes by bidders.

"All the eleven power companies have submitted bids amounting to the tune of 7,000 Mw. We had fixed 11 January as the last date for submission of bids. The technical bids will be opened first and qualified players will be selected. After the selection process, financial bids of qualified bidders will be opened by the end of this month," said a senior government official.

It may be mentioned here that more than 28 power companies, including Reliance Power and Tata Power, had evinced interest in participating in the bidding process. Of the interested players, 11 have come forward with technical and financial bids.

This for the third time GUVNL has invited players to supply it power on long-term basis. As per the bidding rules, bidders are required to submit proposals for minimum of 100 MW.

The bidders will have to commence supply within 40 months from signing of the power purchase agreements with the company. GUVNL has allowed the power supplier to use any technology or fuel to generate power.