Torrent Power has pipped Reliance Industries to emerge as the lowest bidder for the supply of 1,090 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 the supply of 1,090 megawatts of gas-based power supply sought by the Indian government to meet anticipated record demand in the summer, two sources said.
The tender for 1,000 megawatts gas-based power supply starting Monday has been granted to Torrent Power, sources said. Gama Infraprop that quoted 14.9 rupees per unit price won a tender on Monday for the supply of 90 megawatts, its managing director Rahul Goyal told Reuters.RIL had quoted 20.5 rupees per unit for supply of 1,010 megawatts, the sources said on condition of anonymity since the contracts have yet to be awarded.
As per the bid documents, NVVN will buy the power from the selected bidder from April 10 to May 16, 2023. The company will sell the power in the spot markets to increase power availability. The under-recovery will be bridged by the federal power ministry through its Power System Development Fund .
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