New Delhi: State-owned NTPC Limited has initiated an online bidding process for the Main Plant Packages of three significant thermal power projects, aimed at bolstering India’s energy infrastructure. The projects include:
- Lara Super Thermal Power Project Stage-III (2×800 MW)
- DVC-CIL Chandrapura Thermal Power Station (2×800 MW), on behalf of DVC-CIL Energy Private Limited
- IB Thermal Power Station Stage-III (2×660 MW), on behalf of Odisha Power Generation Corporation Limited (OPGC)
The bids are being invited on the GePNIC portal of NTPC (https://eprocurentpc.nic.in/) under a Single Stage Two Envelope system, which includes:
- Envelope-I: Techno-Commercial Bid
- Envelope-II: Price Bid
This process allows qualified contractors and EPC firms to participate in large-scale power project development in India.
Financing Models for the Projects
The Lara Super Thermal Power Project Stage-III will be financed through a mix of debt and equity by NTPC.
For the DVC-CIL Chandrapura Thermal Power Station, DVC-CIL Energy Private Limited plans to finance the project with a 50:50 partnership between DVC and CIL, structured with 70% debt and 30% equity.
The IB Thermal Power Station Stage-III will be financed by OPGC using External Commercial Borrowings, Domestic Borrowings, and its own resources, ensuring adequate funding for the 2×660 MW units.
Bid Security and Submission Deadline
Each project requires a bid security of ₹100 crore or USD 11,193,200, to be submitted in the format specified in the tender documents. The bid security is applicable separately for each project.
The last date for bid submission is 30th November 2024, offering a limited window for eligible bidders to participate in these high-value power projects.
About NTPC
NTPC Limited is India’s premier state-owned power producer, actively engaged in thermal, hydro, and renewable energy generation. With a focus on sustainability, reliability, and innovation, NTPC plays a key role in meeting India’s growing electricity demand while advancing the country’s energy security and supporting economic development.
