NTPC launches single window system for procurement needs

The new system will create a win-win situation for both the vendors as well as company. the power producer says

State-owned power producer NTPC Limited has launched a single-window system to deal with the procurement needs of the power plants across the country in place of a plant-wise tender process being practiced so far.

“The new system will create a win-win situation for both the vendors and company. The vendors can now participate in the operation and maintenance requirements of every plant while the enhanced competition will result in cost-savings for the company,” R Venkateshwaran, regional executive director(South), said on Friday.

The company procures materials and items worth Rs 2,000 crore for the operational and maintenance requirement, besides awarding Rs 1,600-crore work contracts each year, according to Venkateshwaran.

Under the new business initiative, it proposes to expand the vendor base and bring uniformity in procurement process at all power plants, by enlisting the vendors and contractors on an-all India basis.

For the said enlistment, the company has already developed a separate website to meet the requirements of vendors and the contractors, and the enlisting process has started.