Bhel outbids Alstom to bag EPC contract for Tripura project

Bharat Heavy Electricals Ltd (Bhel) has outbid Alstom to emerge as the L1 bidder for EPC contract for the 740 mw gas-based Pallatana power project in Tripura. The project is being developed by the ONGC, Tripura government and the IL&FS.

While Bhel quoted Rs 2,500 crore, Alstom’s quote was of the order of Rs 5,000 crore. ONGC Tripura Power Company (P) Ltd (OTPC), which had received bids from Bhel and

Alstom for EPC contract in December. As reported by FE, OTPC opened the bid last week in which Bhel emerged as the lowest bidder. Bhel sources also confirmed this development. OTPC’s financial structure include ONGC: 50%, IL&FS: 26%, Tripura government: 0.5%. Balance 23.5% stake will be tied up with suitable investors.

Power from Pallatana project was initially meant to be allocated to Uttar Pradesh, Punjab, Haryana, Rajasthan and Delhi (100 mw each) in the northern region and to Assam and Tripura (100 mw each) in the north eastern region. However, the power ministry had subsequently decided to allocate all power generated from the project to the NER states.

Keeping in mind that NER constituent states are due to receive the entire quantum of power generated at the project, the power ministry has recommended that the associated 650 km, 400 kv double circuit transmission line from Pallatana to Bongaigaon should be implemented via a JVC formed between the PowerGrid Corp, OTPC, IL&FS & the NER states.


Source:
http://www.financialexpress.com/news/Bhel-outbids-Alstom-to-bag-EPC-contract-for-Tripura-project/324558/