Bharat Heavy Electricals has emerged
as the lowest bidder by outbidding Alstom for developing the 750 MW gas-based
power project at Pallatana in Tripura on EPC basis. While Bhel quoted Rs.2,500
crore, Alstom's quote was of the order of Rs.5,000 crore.
ONGC Tripura Power Company (OTPC), is
an SPV floated by ONGC (50 per cent), Tripura government (0.5 per cent) and
IL&FS (26 per cent) for implementing the project. The balance 23.5 per cent
stake will be tied up with suitable investors.
Also See:
Financial bids for
ONGC Tripura power project to be opened by June (24-May-08)
Related Links:
Project profile