Power Finance Corporation is likely to invite EoIs for one each pithead coal and coastal power projects on 31 January 2006 and for the remaining three projects, by 28 February 2006.

For the proposed projects, PFC will appoint separate consultants by 30 January 2006, for the preparation of detailed project report, for carrying out environment impact assessment study and for rating of these projects. The company is expected to register the five companies with the Registrar of Companies by February-end 2006, and invite bids within two months.

It is decided that by 15 March 2006 for each of the shell companies for these five projects one consultant each will be appointed for conducting evaluation of bids.

The projects will be ready for transfer to potential investors by December 2006. The projects will be transferred to private players through a bidding process based on the least first year tariff quoted.

The power ministry and Central Electricity Authority have already indicated that the power from these projects will be available at the per unit ranging between Rs.1.60 and Rs.2. The coal ministry responded positively to the two projects, fuel linkages would have to be finalised by the private companies that eventually get these projects.

Also See:

PFC to invite EoIs for four ultra mega power projects (02-Jan-06)

Ref: ultramega5