OST Business Bureau
Bhubaneswar, Oct 7:
Bidding and award of projects for the Bhedabahal (Odisha) and Cheyyur (Tamil Nadu) ultra mega power projects (UMPPs) will be completed by January next year, according to a decision taken by the Union power ministry recently.
Preliminary bids for selection of developers have been invited by Power Finance Corporation (PFC), the nodal agency for UMPPs in the country.
The projects would be set up on design, build, finance, operate and transfer (DBFOT) basis. The DBFOT is in line with the revised standard bidding documents,
The Odisha Integrated Power Ltd (OIPL), a fully owned subsidiary of Power Finance Corporation (PFC) is conducting the bidding process for selection of developer for the first 4,000 Mw UMPP in Odisha at Bhedabahal.
OIPL, a special purpose vehicle (SPV) formed for implementing the UMPP, has been authorised by the state government to take all necessary decisions that may be required for selection of the developer.