Power Finance Corporation (PFC), has scrapped initial bids received from 20 power companies for setting up the 4,000 MW ultra mega power project in Orissa, and will invite fresh bids soon.

After finalising the new Standard Bidding Documents (SBDs), for the upcoming power plants, including the 4,000 MW capacity ultra mega power projects, Power Ministry will invite preliminary bids for the proposed UMPP in Orissa.

PFC, the nodal agency for UMPPs in the country, had floated a tender for 4,000 MW UMPP at Bedabahal in Odisha in the year 2010. In the absence of environment clearance for captive coal blocks allotted to the project, the proposal for invitation remained suspended and was only revived in August 2011 when 20 major companies like NTPC, Tata Power, Adani Power, JSW Energy and Jindal Power evinced interest in developing the 4,000 MW UMPP. But once again the bidding process was delayed due to the framing of new SBDs, which were finalised last month.

Now there will be a fresh round of bidding for the Orissa UMPP, and PFC is likely to invite initial bids within the next 15 days.

Meanwhile, along with the Orissa plant, the company will invite fresh bids for the proposed UMPP at Cheyyur in Tamil Nadu.

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