Tatas, Reliance join race for Bhaiyathan power plant

Mumbai, Mar 29 | Updated: Mar 30 2007, 05:30am hrs
All the 21 bidders, including Tata Power, Reliance Energy, Torrent, CESC, Essar, Sterlite and global power major AES Corporation, have purchased tender documents from the Chhattisgarh State Electricity Board (CSEB) for the 1,200-1,500 mw Bhaiyathan power project.

The winning bidder will have the option of selecting technology and the size of the unit for the project. The proposed power plant will have dedicated captive coal mines at Pathuria and Gidhmuri. Power will be supplied from the Raipur Load Centre.

A CSEB release said, It has called for bids with pre-identified sites and captive coal mines. The selected bidder will develop the power plant and supply electricity to the state with portion of certain percentage as third party sale. SBI Capital Markets (SBI Caps), the investment banking subsidiary of State Bank of India , has been appointed advisor by the Chhattisgarh Government.

The project will involve one of the largest private investments in Chhattisgarh and is in keeping with the vision of transforming the State into India s power hub.

BIDDING WAR

The winning bidder will have the option of selecting the technology and unit-size for the project
The selected bidder will develop the power plant and supply electricity to the state with portion of certain percentage as third party sale
The project will involve one of the largest private investments
in Chhattisgarh.

SBICAP has structured the project and the bids are released for sale. After getting the feedback from the bidders, CSEB would take Chhattisgarh State Electricity Regulatory Commissions approval for the deviation to standard bidding documents, as issued by power ministry.

The structure finalised ensures energy security for the state, brings in much awaited developmental activity and creates new employment opportunities for the people of the state.

According to CSEB, the land acquisition was in advanced stages. The issues related to environmental clearance were being settled down. The mining plan was being finalised and water linkage was obtained for the project.