The state-run Maharashtra State Power Generation Company has extended the bid submission date till September 8 from September 1
Maharashtra may have to tweak its offer for short-term procurement for 400 mw power at Rs 2.80 per unit after power producers refrained to submit bids in Gujarat at a similar rate citing lower tariff.
The state-run Maharashtra State Power Generation Company (MahaGenco) has extended the bid submission date till September 8 from September 1.
So far Ideal Energy, RattanIndia Power and Dhariwal Power have attended pre-bid conference but MahaGenco has not received a single bid.
Gujarat Urja Vikas Nigam Ltd (GUVNL) had recently floated a tender for 1,000 mw power to be supplied to Gujarat from October 2017 to June 2018 for Rs 2.82 per unit. The bid submission was extended to August 28 but GUVNL did not receive any bid as the rate was inclusive of cost of coal, transmission charges from generating station to Gujarat periphery and securities provided in the form of bank guarantees by private power producers to GUVNL.
MahaGenco and the state distribution utility Maharashtra State Electricity Distribution Company (MahaViataran) officials confirmed that the tender provisions may be amended to attract bids and thereby state going Gujarat way. “The bid was prepared as per the provisions of the Centre’s tolling policy was released last year allowing flexibility in utilisation of domestic coal among power generating stations in a bid to reduce the tariff to the consumers. Bidders at the pre-bid conference have given their suggestions,’’ a MahaGenco official said.
In case of GUVNL, the private power producers were expected to lift coal directly from the mines in Chhattisgarh and MP and supply power to GUVNL at a price lower than the ceiling price of Rs 2.82 per unit at GUVNL end.
Further, the payment for coal was to be made in advance by the private power producers to GUVNL and there was a penalty for prior termination of the agreement at 10% of the tariff for the remaining period of supply. However, GUVNL did not receive any bid as producers cited inability to recover operations and maintenance charges and payment of interest and loan repayment instalment to the banks.
The Association of Power Producers Association director general Ashok Khurana told DNA Money, “The cap of Rs 2.82 per unit was inclusive of transmission cost with coal supply, quantity and price risk on developer and no off-take guarantee. Therefore, the cap price was not viable financially.’’
Industry sources believe that both the utilities may have to re-tender after increasing the ceiling rate to Rs 3.50 per unit.
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