REL,Tata Power Bid for Krishnapatnam Power Plant

Reliance Energy Limited and Tata Power are among the nine others who are contending for the 4,000 MW Krishnapatnam Ultra Mega Power Plant in Andhra Pradesh. The last date for the submission of price bids for the krishnapatnam project is October 24, 2007.

Power Finance Corporation which is the regulatory authority for the UMPP projects has extended the last date for accepting the bids previously on several ocassions and this time the final date is fixed as October 24th.

Other companies believed to have submitted the bids are Sterlite Industries, Essar Power, Larsen and Toubro, CLP-GMR.

Reliance Power the subsidary of REL and which will shortly go to the IPO has recently bagged the Sasan Ultra Mega Power Project in Madhay Pradesh, where as the Tata Power being awarded the Mundra UMPP in Gujarat.

It would be interesting to see which company would be awarded the Krishnapatnam Power Plant, market sources hugely showing signals that the project would be awarded to Reliance power of (REL).