PGCIL emerges lowest bidder for Vemagiri II project

PGCIL emerges lowest bidder for Vemagiri II project
Highlights

PGCIL emerges lowest bidder for Vemagiri II project. State-run Power Grid Corporation Ltd (PGCIL) has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs 6,300 crore in a tariff based auction. The plant is located near Rajahmundry in the East Godavari district of Andhra Pradesh.

New Delhi : State-run Power Grid Corporation Ltd (PGCIL) has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs 6,300 crore in a tariff based auction. The plant is located near Rajahmundry in the East Godavari district of Andhra Pradesh.

"PGCIL has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs 6,300 crore. The financial bids were opened today," source said adding that Kalpataru Power Transmission has emerged as the lowest bidder for Alipurduar power transmission project for which financial bids were also opened.

For Vemagiri II project, PGCIL has bid very aggressively and quoted Rs 359 crore annual tariff per annum followed by Sterlite Grid (Rs 429.05 crore), Essel (Rs 459 crore) and Adani (Rs 585 crore).

Similarly for Alipurduar project, Kalpataru Power Transmission quoted the lowest tariff of Rs 129.4 crore per annum followed by Essel (Rs 129.6 crore), PGCIL (138 crore), Sterlite Grid (Rs 161 crore) and Adani (Rs 198 crore). REC Transmission Projects (RECTPL) has conducted the auction of the two projects.

Wholly-owned subsidiary of state-run Rural Electrification Corporation, RECTPL had earlier postponed the opening of financial bids for the two projects on October 16. The Vemagiri II project will strengthen the transmission system beyond Vemagiri and will be called Vemagiri II Transmission Ltd.

It will traverse through Andhra Pradesh and Karnataka. Similarly, the Alipurduar project will strengthen transmission system in India for transfer of power from new hydroelectric projects in Bhutan. It will traverse through Bihar and West Bengal.

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