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RELIANCE ENERGY SET TO WIN CONTRACT FOR DVC POWER PROJECT.

AsiaPulse News

| August 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KOLKATA, Aug 1 Asia Pulse - A day after winning the Sasan ultra mega power project, Reliance Energy Ltd (BSE:500390) Tuesday emerged as the front runner to bag a contract valued at nearly Rs 40 billion (US$988.3 million) to set up a power plant for Damodar Valley Corporation.

The Anil Ambani group firm is the sole bidder for the engineering, procurement and construction (EPC) contract for DVC's proposed 1,000 MW thermal power plant at Raghunathpur in Purulia district of West Bengal.

"Reliance Energy turned out to be the sole bidder for EPC contract despite extension given as desired by interested parties including BHEL," a top DVC official said.

REL submitted both technical and financial bids. Four companies, including REL and state-run Bharat Heavy Electricals Ltd (BSE:500103), had purchased tender documents, but only one bid ...

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