Vedanta Group company Sterlite Energy is believed to have bagged the country's first ultra mega power transmission project, breaking the decades old monopoly of state run Power Grid Corporation.
Sources said that "Sterlite Energy has emerged as the lowest bidder for the country's first ultra mega transmission project to be developed by the private sector.
As per report as many as eight firms including Anil Ambani Group company Reliance Power Transmission Ltd and Essar Power had participated in the bidding process for three ultra mega transmission projects worth INR 5,650 crore.
Sterlite Energy is the lowest bidder for one project PFC's East North Interconnection. For the two others, the lowest bidders are yet to be announced.
Power Finance Corporation and Rural Electrification Corporation had started the process of awarding the three transmission projects Talcher Augmentation Transmission System, North Karanpura Transmission System and East-North Interconnection System in 2008.
(Sourced from http://www.steelguru.com/news/index/2009/10/10/MTE1NDE0/Sterlite_Energy_bags_ultra_mega_power_transmission_project.html)
Friday, October 9, 2009
Sterlite Energy bags ultra mega power transmission project
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