With the Sasan bidding process mired in controversy, Power Finance Corporation has now decided to appoint a consultant with expertise in selecting contracts and commercial transactions for Ultra Mega Power Projects in the pipeline. It has invited applications from prospective bidders till 4 April 2007.

However, the move inviting applications from consultants, initiated by PFC on March 29, could be delayed, as bidding for projects has already gone through while the process has been kick-started for two more projects.

The consultant will be mandated to assist PFC in evaluation of bids for technical consultancy firm, assist in finalisation of the RFQ (Request for Quotation) and RFP (Request for Proposal) bid documents. Besides, the consultant will be required to assist in finalisation of draft Power Purchase Agreement to be attached with the RFP document in consultation with procurers and in finalisation of the contract documents to be entered with the selected developers.

Also See:

E&Y recommends fresh bids for Sasan UMPP (28-Mar-07)