Rel Energy bags Sasan; to invest Rs 20,000cr
The uncertainty over the 4,000 Mw Sasan ultra mega power project is over. Anil Dhirubhai Ambani Group (ADAG) company Reliance Power (formerly known as Reliance Energy Generation) has bagged the project after matching the tariff of Rs 1.1962 per unit that was quoted by the orignal winning bidder, a consortium of Singapore-based Globaleq and Lanco Infratech, that was disqualified.
The decision to award the project to Reliance Power was taken by the eGoM, which met today to consider the report submitted by the board of Sasan Power after the empowered group of ministers declared Lanco's bid invalid last week.
Sasan Power is the shell company floated by Power Finance Corporation to pilot the Sasan project.
"Sasan Power had received revised offers from the three bidders that include Jai Prakash Associates, NTPC and Reliance Power and Reliance's revised bid quoting a levelised tariff of Rs 1.1962 per unit was the lowest...The eGoM has asked Sasan Power to award Reliance the letter of intent for the project," power minister Sushil Kumar Shinde, who is also heading the eGoM, said.
The bid bond of Rs 120 crore submitted by Lanco would be returned to the company after deducting some amount, Shinde added.
In an official release issued today, Anil Dhirubhai Ambani, chairman, Reliance Energy, said: "We are delighted to have won India's largest ultra mega power project through an international competitive bidding process. We look forward to building this world-class infrastructure facility.
The Rs 20,000 crore investment in the Sasan project will contribute to accelerating India's economic growth by substantially raising the current generation capacity."
The uncertainty over the 4,000 Mw Sasan ultra mega power project is over. Anil Dhirubhai Ambani Group (ADAG) company Reliance Power (formerly known as Reliance Energy Generation) has bagged the project after matching the tariff of Rs 1.1962 per unit that was quoted by the orignal winning bidder, a consortium of Singapore-based Globaleq and Lanco Infratech, that was disqualified.
The decision to award the project to Reliance Power was taken by the eGoM, which met today to consider the report submitted by the board of Sasan Power after the empowered group of ministers declared Lanco's bid invalid last week.
Sasan Power is the shell company floated by Power Finance Corporation to pilot the Sasan project.
"Sasan Power had received revised offers from the three bidders that include Jai Prakash Associates, NTPC and Reliance Power and Reliance's revised bid quoting a levelised tariff of Rs 1.1962 per unit was the lowest...The eGoM has asked Sasan Power to award Reliance the letter of intent for the project," power minister Sushil Kumar Shinde, who is also heading the eGoM, said.
The bid bond of Rs 120 crore submitted by Lanco would be returned to the company after deducting some amount, Shinde added.
In an official release issued today, Anil Dhirubhai Ambani, chairman, Reliance Energy, said: "We are delighted to have won India's largest ultra mega power project through an international competitive bidding process. We look forward to building this world-class infrastructure facility.
The Rs 20,000 crore investment in the Sasan project will contribute to accelerating India's economic growth by substantially raising the current generation capacity."