Lanco Infratech has withdrawn from the
race for the 4,000 MW Krishnapatnam Ultra Mega Power project in Nellore district
of Andhra Pradesh, where it had pre-qualified with Globeleq. Tariff bids for the
project will be submitted on 11 April 2007.
YTL Power of Malaysia have also
withdrawn from the race for the project. Both the companies (Lanco and YTL
Power) had purchased request for proposal (price bid) documents for the project
that is to come up in Andhra Pradesh. Lanco had informed Power Finance
Corporation (PFC) about the withdrawal in early-March 2007.
Through unconfirmed reports it is
learnt that the withdrawal could be due to its partnership with Globeleq
Singapore, which is now jointly owned by Lanco group firm Prince Stone
Investments and Jindal Steel and Power.
Also See:
4,000 MW Andhra
project jammed (21-Feb-07)
Related Links:
Project profile
ultramega5