Punjab State Electricity Board issued
a letter of intent to Sterlite Industries for developing the 1,980 MW Talwandi
Sabo thermal power plant at Banwala in Mansa district of Punjab.
Four major power companies including
Sterlite Energy, Reliance Power, Devona Thermal Power & Infrastructure (part of
India Bulls) and consortium of Lanco Infratech, Aban Offshore and OPG Energy had
submitted their price bids for the proposed project. However, Sterlite was
awarded the project for submitting the lowest price bid of Rs.2.86 per unit as
levelised tariff among other companies in the fray.
PSEB is now expected to soon sign a
PPA with Sterlite Energy, in which PSEB will source power from the company at an
agreed rate.
Also See:
Sterlite
Industries emerges lowest bidder for Talwandi power plant (03-Jul-08)
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