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The government has abandoned the bidding process of two ultra mega power projects (UMPPs) in Odisha and Tamil Nadu and will soon set up a committee to move it forward.
"It has been done (scrapping of bidding process). Unfortunately, we did not receive the response we expected," Power Minister Piyush Goyal said at a press conference here.
The private firms, which had participated in the first round of bidding for both the projects, withdrew their bids citing difficulties in securing finances for these projects.
For the Tamil Nadu UMPP, the private companies in the fray were Adani Power, CLP India, Jindal Steel & power, JSW Energy, Sterlite Energy and Tata Power. Of these, four bought the Request For Proposal document but decided not to go ahead further in the process.
The Odisha UMPP saw nine interested bidders, including Adani Power, CLP India, GMR Energy, Jindal Steel and Power, JSW Energy and Sterlite Energy.
After the private companies pulled out, only NTPC and NHPC were left for bidding.
UMPP is a coal-based power project of 4,000 MW generation capacity.
