NTPC, after scrapping the original tender, is planning to issue a fresh one on Thursday for a Rs 8,800-crore contract for bulk supply of super-critical boilers. The company’s board in its meeting on Monday decided to scrap the original tender and seek fresh bids after L&T Power was disqualified for technical reasons, leaving only Bhel in the race.
Italy’s Ansaldo, which is setting up a boiler manufacturing facility near Hyderabad, is also expected to participate in the fresh bidding process. The company had sought a two-month extension for submitting its bid against the original tender. However, it decided not to submit a bid after NTPC had declined its request.
L&T Power can participate in the fresh bidding process provided it submits parental guarantee from L&T, which has signed a required technological collaboration agreement with Japan's Mitsubishi Heavy Industries (MHI) for the manufacturing of super-critical boilers.
More at:
http://www.financialexpress.com/news/NTPC-to-float-fresh-tender-for-boilers/637708/
Wednesday, June 23, 2010
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