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The decision is expected to speed up the process of inviting bids for proposed UMPPs in Chhattisgarh (Sarguja), Odisha (Bedabahal) and Tamil Nadu (Cheyyur)
A top ministerial panel headed by Defence Minister AK Antony is likely to meet again during the first week of August and may finalise fresh bidding norms for ultra-mega power projects (UMPPs).
UMPPs are coal-based generation projects with an average capacity of 4,000MW. The new bidding norms will apply to Case-II projects.
The decision is expected to speed up the process of inviting bids for proposed UMPPs in Chhattisgarh (Sarguja), Odisha (Bedabahal) and Tamil Nadu (Cheyyur). The bidding process is being revised to mitigate the risk for power producers from escalation of coal prices.
The Government has so far allotted four UMPPs. The first at Mundra in Gujarat was awarded to Tata Power, which in March said that it had commissioned the plant. Reliance Power have won the others - Sasan (Madhya Pradesh), Krishnapatnam (Andhra Pradesh) and Tilaiya (Jharkhand).
The new standard bidding documents (SBDs) for Case-I projects are being drafted by the Power Ministry.
Case-I projects are where developers have the choice to decide on location, fuel and technology to be used. In Case-II, the location of the project and fuel to be used are already decided before the start of competitive bidding.
Power Minister Jyotiraditya Scindia will hold inter-ministerial consultations on the norms for Case-I after which the Case-I SBDs will be taken to an advisory group and then will go to the EGoM for final approval.
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