"Now these companies would have to submit their proposals, mentioning at what rate they would sell the power, by November 7, 2008," a senior official of PSEB said.
In March, 13 companies had submitted their 'Request for Qualification' for the 1320 MW coal-based power project. Other companies which have been adjudged qualified bidders are Essar Power, L & T Power Development Ltd, Gujarat Paguthan Energy Corp, Sterlite Energy Ltd, Indiabulls Power Generation Ltd and consortium of JSW Energy and Infrastructure Development Finance Co.
The project, which would involve an investment of 5,000-6,000 crore, is proposed to be awarded to developers on build, own and operate (BOO) basis, through tariff-based international competitive bidding. In this project, Power Finance Corp Ltd is the consultant for selection of developer of the project. PSEB has already formed a special purpose vehicle (SPV), Nabha Power Ltd.
The SPV would be responsible for ensuring linkages for coal, water and to undertake studies for transportation, hydrological, topographical, other studies and surveys necessary for preparation of project report, said an official.
The site of the proposed project has been cleared by the Central Electricity Authority and 1,085 acres of land has been identified. The state government has also initiated the process of acquisition.
