Sterlite Industries has emerged as lowest bidder for developing the 1,980 MW Talwandi Sabo thermal power plant at Banwala in Mansa district of Punjab. The other qualified companies includes Larsen & Turbo, Reliance Power, Tata Power Company, Nagarjuna Construction, Jindal Steel and Power, GVK Infrastructure, Indiabulls and Lanco.

Sterlited had quoted the lowest tariff of Rs.2.84 per unit to emerge as L1 bidder, whereas the tariff quoted by other qualifiers are Rs.2.88 per unit by Reliance Power, Rs.2.995 per unit by Lanco and Rs.3.15 per unit by Indiabulls.

The project will be implemented by Talwandi Sabo Power, a special purpose vehicle (SPV) floated by Punjab State Electricity Board (PSEB). The project will be awarded to Sterlite on BOO basis, through tariff-based international competitive bidding (ICB). Power Finance Corporation has been appointed as the consultant for the project.

Also See:

Bidder for Talwandi Power Project to finalise soon (05-Jan-08)

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