NTPC has diluted some of its
stringent conditions of its tender for supplying 3 million of LNG
(or 12 mmscmd of gas) for its Kawas & Gandhar gas-based power
plants in Gujarat.
Modifications made are:
1. NTPC has waived off the $4
million security bid
2. Take-or-pay conditions have been agreed upon for the quantity
3. Condition of parent company guaranteeing bidding firm has been
diluted
4. NTPC has agreed to sign confidentiality reports with suppliers
Bidders are expected to bid before
12 May 2004, and bids would be opened on 14 May 2004.
Related Story:
NTPC extends tender date for Kawas &
Gandhar projects (22-Apr-04)