NEW DELHI: Twenty-two domestic and foreign companies have bid for setting up a Rs 1,025-crore power transmission project connecting Tamil Nadu and Karnataka even as the central government tightened eligibility rules.
While Reliance Power, L&T, Lanco Infratech, Sterlite Energy, Adani Power,GMR Energy andTorrent Power are among the Indian bidders, the foreign companies included Spain's Elecnor, Isolux, Instalaciones Inabensa and Cobra Instalaciones.
Power Finance Corp is coordinating the bidding for the build-own-operate project, which involves laying two high capacity 250-km transmission lines to connect Nagapattinam with Madhugiri in Karnataka.
The government had revised the bidding norms for transmission projects three months ago. Now, a bidder should have experience in setting up any infrastructure project of the same cost as that of the transmission project. Earlier this requirement was one-fifth of the size of the transmission project.
The government has identified three more high-capacity transmission systems to be awarded to private companies. PFC and Rural Electrification Corp would conduct bidding for these projects. The two companies have so far awarded six such projects worth 10,860 crore for strengthening interconnection between the north and western regions.
Vedanta Group's Sterlite Transmission Projects has bagged contracts to build three large power transmission links.Reliance Power has bagged two such projects while a consortium of Simplex Infrastructure, Patel Engineering and BS Transcomm has been awarded the sixth contract. Power transmission is a monopoly of Power Grid Corp, which owns and operates about 45% of inter-state transmission system.
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