Lanco Infratech Ltd, the diversified infrastructure company, has emerged as the lowest bidder for the much-delayed 1,600 mw Dhopave coastal power plant. This engenders some hope on the actual setting up of the plant, which has been hanging fire for long.
The bidding process for the power plant started way back in November 2006 and a shortlist of six major private power players was released in August 2007. Apart from Lanco, the shortlist comprised GMR Energy, Torrent Power, Jindal Power, Tata Power and Reliance Power.
The company is expected to get the letter of intent in a week after which it will take over the land and a special purpose vehicle will be formed for the project. Once the bank guarantee is paid off, the company would go ahead with financial closure and fuel linkage. This process is expected to take close to three months.
Once the project is awarded, Lanco will have to look for domestic banks for raising capital for the plant. The total cost of setting up the power plant will be approximately Rs 8,500 crore and will include construction of a jetty, expected to cost up to Rs 500 crore. The jetty will be used to bring in imported coal for the power plant. Lanco will have a target of 54 months to complete the power plant
The 1,600 MW Dhopave imported coal-based thermal power station is located in the Ratnagiri district in Konkan region of
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3602.30 |
| Rail Vikas Nigam | 289.85 |
| KEC International | 728.30 |
| Kalpataru Projects | 1179.00 |
| NCC | 249.40 |
| View more.. | |
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