Torrent Power makes lowest bid for Indian power supply contract

Torrent Power has pipped Reliance Industries to emerge as the lowest bidder for supply of 1,100-megawatts of gas-based power supply sought by the Indian government to meet anticipated record demand in the summer, two sources said.

to emerge as the lowest bidder for supply of 1,100-megawatts of gas-based power supply sought by the Indian government to meet anticipated record demand in the summer, two sources said.

Uttarakhand-based Gama Infraprop quoted 14.9 rupees per unit, while RIL quoted 20.5 rupees per unit for supply of 1010-megawatts, they said on condition of anonymity since the contracts have yet to be awarded. NTPC, Reliance Industries and Torrent Power did not reply immediately to Reuters' request for comment.

. NVVN Ltd, acting on the power ministry's directions, had invited bids for 5,000-megawatt power supply from gas-based power plants.

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