Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
India: Himachal to Invite Fresh Bids for 960 Mw Project
Publish Date : 27-Oct-2009
The Himachal High Court overturned an earlier cabinet decision about allotment of the 960 MW Jangi-Thopanp-Powari hydropower project, at its meeting the cabinet decided to out rightly cancel the allotment, invite fresh bids for it and proposed to serve a notice on Brakel – the Dutch company that was allotted the project, for the revenue losses caused because of delays incurred. The government would now allot it on the basis of re-bids, which would be tendered for it under terms of the new power policy.
In response to a court order, the cabinet chaired by chief minister had decided to endorse the decision of allotment to Brakel taken by previous congress government, even after having instituted a inquiry into its allotment process and having served notices and collected Rs 173 crore upfront money and an additional Rs 20 crore as interest for delayed payment. Reliance Infrastructure challenged the cabinet decision in court, which was struck down as arbitrary, illegal and irrational.
The court in its order directed the State, to take fresh decision as to whether it wants to re-advertise the said projects or it wants to act on the basis of the old tender within four weeks. Handing over the project to state sector Himachal Pradesh Power Corporation Ltd (HPPCL) was considered by the cabinet but it was felt that the new corporation did not have the resources for executing such a large project. Satluj Jal Vidyut Nigam (SJVN), the other public sector power generating company in the state was not considered, said the chief secretary. The states new power policy entails a basic payment Rs 20 lakh upfront money for each MW of generation potential and the percentage quantum of free power offered by the bidding company to the government for allotment of the project.
