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Lanco Group wins Anpara-C power project

Wednesday, 07 Jun 2006
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Hyderabad-based Lanco Group has outbid Reliance Energy and Essar Group for the 1,000 MW Anpara C thermal power project in Uttar Pradesh. The bids were opened on 6 June 2006.

Ernst & Young - the government's advisor for the project - will prepare an evaluation report on the bids. It will then be presented to the evaluation committee set up by the UP government.

The UP government has tied up the project's coal and water linkages, besides putting in place the evacuation line and power purchase agreement with distribution companies promoted by the UP State Electricity Board.

The project, located in the Sonebhadra district of UP, with a capacity of 2 x 500 MW (1,000 MW) power plant will have a pit-head station with linkages from the Northern Coal Fields. The project is expected to cost around Rs.4,000 crore. Completion is scheduled for within 36 months of financial closure.

It may be recalled that the Lanco group recently picked up 74 per cent stake in the 1,015 MW Nagarjuna power project.

Also See:

Reliance Energy to make preferential offer to ADAE (21-Jun-05)

AES to bid for Anpara-C power project (09-Feb-05)

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