New Delhi: Adani Power emerged as the lowest bidder for three power transmission projects -- Chhattisgarh A, Chhattisgarh B and Sipat -- while Sterlite Grid has bagged Maheshwaram project.
"Adani Power has been the lowest bidder for three power transmission projects -- Chhattisgarh A, Chhattisgarh B and Sipat. Sterlite Grid is the lowest bidder for Maheshwaram transmission project," a source said.
When contacted, Adani Power spokesperson declined to comment.
For Chhattisgarh A power transmission project, Adani Power quoted the lowest price of Rs 132.4 crore followed by Sterlite Grid at Rs 144 crore.
For the project, only two companies -- Sterlite Grid and Adani Power -- out of eight qualified bidders had submitted financial bids.
The qualified bidders for this project were Power Grid Corporation of India Ltd (PGCIL), Larsen & Toubro (L&T), Essel, Sterlite Grid (SGL), Adani Power, Jindal Power (JPL), Isolux and Kalpataru Power Transmission (KPTL).
For Chhattisgarh B project, Adani Power quoted the lowest at Rs 178 crore followed by Sterlite Grid (Rs 210 crore), PGCIL (Rs 228 crore), KPTL (Rs 230 crore) and Essel (Rs 270 crore).
As many as eight bidders had qualified for the project for which L&T, JPL and Isolux had not submitted financial bids.
Adani power has also been the lowest bidder for the Sipat transmission project as it quoted Rs 79 crore followed by Sterlite Grid (Rs 92 crore), KPTL (Rs 97 crore), PGCIL (Rs 106 crore) and Jindal Power (Rs 140 crore).
The Sipat project received financial bids from five bidders. It had six technically qualified bidders, of which Isolux had not submitted the financial bid.
For the Maheshwaram project, Sterlite Grid has emerged as the lowest bidder as it quoted the lowest price of Rs 55 crore followed by PGCIL (Rs 66 crore) and KPTL (Rs 86 crore), the source added.
As many as six bidders, including Essel, CLP and a consortium of Tata & Tata Realty, had qualified for the technical bids for the project.
The bids for the Maheshwaram project were handled by REC Transmission Projects Company (RECTPC), which is a wholly owned subsidiary of Rural Electrification Corporation.
RECTPC has been entrusted with the responsibility of selection of a developer for inter-state transmission projects.
The bids for Chhattisgarh A, Chhattisgarh B and Sipat projects were handled by the Power Finance Corporation.
These four tenders are part of the government's plan to auction transmission projects worth Rs 1 lakh crore through competitive bidding during the current fiscal.
